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(I-AutoNewsWire.com, November 01, 2017 ) According to Publisher, the Global Automatic Number Plate Recognition (ANPR) System market is expected to grow from $1.97 billion in 2016 to reach $4.25 billion by 2023 with a CAGR of 11.5%. Developments in infrastructure across globally, huge funds allocation by various governments and increasing usage of video analytics technology are some of the factors supporting the market growth. On the contrary, variation in number plate designs is a major factor limiting the market growth.
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By application type, traffic management segment is leading the market with a largest market share during the forecast period. Rising ANPR systems demand globally in urban areas due to high traffic congestion is a key factor for the market growth. Electronic toll collection application is estimated to grow at a highest rate due to the strict government regulations. Europe region is predicted to grow at a highest CAGR during the forecast period. On the other hand, Asia Pacific region is expected to grow at a fastest rate due to increasing highways and public infrastructures. Some of the key players in global Automatic Number Plate Recognition (ANPR) System market include Euro Car Parks Limited, Elsag North America LLC , Digital Recognition System Ltd., Conduent Inc., C3I Intelligent System Ltd, Bosch Security Systems Inc., Beltech BV, ARH Inc., ANPR Projects Limited, Vigilant Solutions Inc., Tattile SRL , TagMaster North America Inc., Siemens AG, Ranger Services Ltd, Quercus Technologies , Q-Free ASA, ANPR International Ltd, ParkingEye Limited, Neology Inc. , FF Group.
Applications Covered: -Traffic Management -Parking Management -Law Enforcement -Electronic Toll Collection -Toll Enforcement -Security and Surveillance -Access Control
Types Covered: -Portable ANPR Systems -Fixed ANPR Systems -Mobile ANPR Systems
Components Covered: -Triggers -ANPR Cameras -Frame Grabbers -ANPR Software -Other Components
End Users Covered: -Commercial -Defense -Entertainment & Recreation Facilities -Government -Traffic Department -Homeland Security
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Regions Covered: -North America US Canada Mexico -Europe Germany UK Italy France Spain Rest of Europe -Asia Pacific Japan China India Australia New Zealand South Korea Rest of Asia Pacific -South America Argentina Brazil Chile Rest of South America -Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
Company Profiling 11.1 Euro Car Parks Limited 11.2 Elsag North America LLC 11.3 Digital Recognition System Ltd. 11.4 Conduent Inc. 11.5 C3I Intelligent System Ltd 11.6 Bosch Security Systems Inc. 11.7 Beltech BV 11.8 ARH Inc. 11.9 ANPR Projects Limited 11.10 Vigilant Solutions Inc. 11.11 Tattile SRL 11.12 TagMaster North America Inc. 11.13 Siemens AG 11.14 Ranger Services Ltd 11.15 Quercus Technologies 11.16 Q-Free ASA 11.17 ANPR International Ltd 11.18 ParkingEye Limited 11.19 Neology Inc. 11.20 FF Group
For more information about this report: http://www.reportsweb.com/automatic-number-plate-recognition-system-global-market-outlook-2017-2023
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Rajat Sahni
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Source: EmailWire.Com
Source: EmailWire.com
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