Automatic Number Plate Recognition (ANPR) Market 2020: COVID-19 Impact Analysis, Demands and Industry Forecast Report 2027

 Market Research Future published a research report on “Automatic Number Plate Recognition (ANPR) Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.

Market Analysis 

The automatic number plate recognition market will touch USD 1,100 million at a healthy CAGR between 2017- 2023, as per the Market Research Future (MRFR) analysis. Automatic number plate recognition or ANPR, simply put, is a powerful technology that is used for accurately reading vehicle number plates sans human intervention. 

Various factors are propelling the automatic number plate recognition market growth. As per the MRFR report, such factors include the need to deploy cameras for surveillance and security, the need to deploy traffic enforcement applications, infrastructure growth in emerging economies, advances in digital cameras & recognition devices, and developments in the processing technologies. Additional factors adding market growth include the booming automotive sector, increasing focus by government agencies to develop integrated UAVs for the development of city-wide ANPR network, and favorable government initiatives such as traffic management systems and intelligent transportation systems. 

On the contrary, inaccuracy and false-positive readings, coupled with the impact of the current COVID-19 pandemic, may deter the global Automatic Number Plate Recognition Market growth over the forecast period. 

Key Players 

Key players profiled in the global automatic number plate recognition (ANPR) market report include Genetec Inc, Vigilant Solutions, Conduent Inc., Leonardo Company, Siemens AG, Bosch Group, Jenoptik Group, Neology, Inc., Tattile SRL, and Kapsch TrafficCom AG, among others. 

Get Free Sample Report @  https://www.marketresearchfuture.com/sample_request/7763  

Market Segmentation

The Market Research Future Report highlights an inclusive segmental analysis of the global automatic number plate recognition market based on type, component, application, and end user. 

By type, the automatic number plate recognition market is segmented into portable ANPR systems, fixed ANPR systems, and mobile ANPR systems. Of these, the fixed ANPR systems type segment will lead the market over the forecast period. 

By component, the automatic number plate recognition market is segmented into ANPR software, frame grabbers, triggers, ANPR cameras, and others. Of these, the ANPR software segment will dominate the market over the forecast period. 

By application, the automatic number plate recognition market is segmented into access control, parking management, electronic toll collection, law enforcement, and traffic management. Of these, the law enforcement application segment will spearhead the market over the forecast period. 

By end user, the global automatic number plate recognition market is segmented into homeland security, defense, government, and commercial. Of these, the government segment will stay at the forefront in the market over the forecast period.

Regional Analysis 

By region, the global automatic number plate recognition (ANPR) market covers the market opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, Europe is predicted to have the lions share in the market over the forecast period. It is likely to grow at a 10.5% CAGR. Growing adoption of ANPR in Netherlands, France, the UK, and Germany and increasing public infrastructure & highways are adding to the global automatic number plate recognition market growth over the forecast period. 

In North America, the global automatic number plate recognition (ANPR)  market is predicted to dominate the market over the forecast period. Wide adoption for parking management purposes like toll collection, smart parking, and traffic surveillance, increasing adoption in technology commercial space, and rapid adoption of ANPR technology for vehicle parking is adding to the global automatic number plate recognition market growth in the region. 

In the APAC region, the global automatic number plate recognition (ANPR)  market is predicted to have healthy growth over the forecast period. Rapid and extended economic growth, increasing sophisticated security & surveillance technologies, and growing use of ANPR systems by law enforcement agencies are adding to the global automatic number plate recognition (ANPR)  market growth in the region. 

In the RoW, the global automatic number plate recognition (ANPR)  market is predicted to have sound growth over the forecast period. 

Get Complete Report @ https://www.marketresearchfuture.com/reports/automatic-number-plate-recognition-market-7763  

About Us:

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.

Media Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

3D Printing Market Report with statistics, Growth, Opportunities, Sales, Trends service, applications and forecast 2027

  Market Research Future published a research report on “3D Printing Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Global 3D Printing Market   - Overview 3D printing refers to any manufacturing process which additively builds or forms 3D parts in layers from CAD data. The technology is significant because it offers direct manufacturing, which means a design goes directly from user to physical product through a computer and a printer. 3D printing encompasses a wide range of additive manufacturing technologies. Each of these builds objects in successive layers that are typically about 0.1 mm thin. The methods used vary significantly, but all starts with computer aided design (CAD) model or a digital scan. This is then processed by slicing software that divides the object into thin cross sections that are printed out one on top of the other. 3D Printing  has largely been used by product designers a...
Read more

Magnetoresistance Sensor Share, Growth Factors, Comprehensive Research, Analysis by Leading Companies and Forecast 2020-2030

Image
  Magnetoresistance Sensor Market Highlights The Global Magnetoresistance Sensor Market is expected to grow from USD 2,021.9 million in 2018 to USD 3,149.5 Million by 2024, at a CAGR of 7.7% during the forecast period. The various advantages of magnetoresistance sensor including its affordability, temperature stability, and robustness, is increasingly leading to its deployment in various sectors such as consumer electronics, automotive, aerospace & defense, and biotechnology. These sensors were earlier used in magnetic hard disk drives. However, these find important applications in  consumer electronics and automotive sectors for sensing current, position, speed, and angle along with the earth’s magnetic field in compass applications. Get a FREE Sample PDF@     https://www.marketresearchfuture.com/sample_request/8045 Magnetoresistance Sensor Market Key Players The major players dominating the magnetoresistance sensor Market are AMS (Austria), Murata (Japan),...
Read more

Fluorescent Lighting Market Technologies, Trends, Global Projections, Analysis, Segmentation and Forecast to 2027.

  Market Research Future published a research report on Fluorescent Lighting Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Fluorescent lighting applications are gas-based lights produced by the interaction between mercury vapor and gases. Their efficiency, long lifespan, and low expenditure of energy are advantages of fluorescent lighting that have led to their application in malls, hospitals, schools, grocery stores, and homes. The global fluorescent lighting market report by Market Research Future (MRFR) defines solid-state and fluorescent lighting by type, installation, and application for comprehensive understanding of the industry. It covers drivers, restraints, opportunities, and trends for the period of 2019 to 2025 (forecast period) while keeping in mind of the COVID-19 outbreak for resizing projections on revenue and growth. Market Scope The global  Fluorescent Lighting Market  value is...
Read more