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Automatic License Plate Recognition Global Market Report 2024

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    Report

  • 175 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5971130
The automatic license plate recognition market size has grown rapidly in recent years. It will grow from $7.09 billion in 2023 to $8.0 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth observed in the historic period can be attributed to several factors, including the integration of Automatic Number Plate Recognition (ANPR) technology with toll collection systems, the increasing demand for ANPR in parking management solutions, addressing challenges in traffic management, enhancing vehicle theft prevention measures, addressing security concerns, and meeting the needs of law enforcement agencies for efficient vehicle identification and monitoring.

The automatic license plate recognition market size is expected to see grown rapidly in the next few years. It will grow to $13.16 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. Forecasted growth is driven by increased infrastructure investments, regulatory mandates for vehicle identification, traffic congestion management, 5G network emergence, and rising demand for vehicle tracking. Major trends include expanded commercial applications, automotive industry collaboration, AI and machine learning focus, cloud-based adoption, and integration with IoT and smart city solutions.

The surging demand for effective traffic management is poised to drive significant growth within the automatic license plate recognition (ALPR) market. Traffic management encompasses the planning, control, and procurement of transportation services necessary for the movement of vehicles and freight. The escalating demand for traffic management stems from the imperative to address traffic congestion, enhance mobility, and promote safer transportation networks. ALPR systems play a pivotal role in traffic monitoring and enforcement by automatically capturing and recognizing license plate numbers. The integration of advanced traffic management solutions with ALPR technology holds substantial promise for enhancing road safety and reducing the incidence of road fatalities. For instance, the Americas Traffic Safety Crisis Report published by the National Transportation Research (TRIP) revealed a 19% increase in road fatalities in the United States from 2020 to 2022, along with a corresponding 22% rise in the fatality rate per 100 million vehicle miles traveled during the same period. Consequently, the escalating concern for traffic management is propelling the growth of the automatic license plate recognition market.

Leading companies operating within the automatic license plate recognition market are concentrating their efforts on the development of high-resolution cameras, exemplified by products such as the Autovu Sharp V ALPR cameras, to drive revenue growth. Autovu Sharp V ALPR cameras are equipped with high-resolution sensors and a high pixel count, enabling the creation of images with exceptional clarity and detail. For instance, Genetec Inc., a Canada-based software development company, introduced the next generation of Autovu Sharp V ALPR cameras in August 2021. This advanced solution features motorized lenses for straightforward deployment and incorporates 4G, LTE, and GPS technologies, providing a future-proof fixed solution. The integration of machine learning-based ALPR and vehicle analytics on the edge, along with built-in illuminators and global shutter functionality, ensures high performance in various conditions, delivering clear and accurate images day or night and across multiple lanes, thus minimizing the need for multiple devices and reducing the total cost of ownership.

In May 2022, MOBOTIX, a Germany-based information technology and services company, completed the acquisition of Vaxtor Group for an undisclosed sum. Through this acquisition, MOBOTIX aims to expand its operations by leveraging Vaxtor's expertise in artificial intelligence (AI) and deep learning technologies, particularly in optical character recognition (OCR) and automatic license plate recognition (ALPR). By integrating Vaxtor's capabilities, MOBOTIX seeks to position itself as a premium solution provider utilizing AI and video technologies. Vaxtor Group, a Spain-based software company, specializes in developing high-performance OCR, ALPR solutions, and other technologies, aligning with MOBOTIX's strategic objectives to enhance its offerings and capabilities in the field of ALPR technology.

Major companies operating in the automatic license plate recognition market are Siemens AG, Neology Inc., Motorola Solutions, Axis Communications, Verint Systems Inc., ParkingEye Limited, Vivotek, Genetec Technology, Kapsch TrafficCom, Bosch Security Systems, Euro Car Parks Limited (UK), GeoVision Inc., Senstar Technologies, TagMaster AB, Tattile S.r.l., NDI Recognition Systems, Quercus Technologies, Petards Group Plc, Shenzhen AnShiBao, Digital Recognition Systems Ltd., PlateSmart Technologies, Sighthound, Rekor Rank One Computing, NEXCOM, Flock Safety.

North America was the largest region in the automatic license plate recognition market in 2023. The regions covered in the automatic license plate recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automatic license plate recognition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automatic license plate recognition (ALPR), also known as automatic number plate recognition (ANPR) is a technology utilizing Optical Character Recognition (OCR) to automatically detect, read, and interpret license plates on vehicles. By converting text within images into machine-readable formats, ANPR captures license plate images, extracts alphanumeric characters, and transforms them into usable text data. This technology finds application across various sectors including law enforcement, parking management, toll collection, and traffic monitoring.

Key products within the realm of utomatic licenses plate recognition include mobile, fixed, and portable systems. Mobile ANPR systems are designed for flexibility and ease of use, catering to applications such as traffic management, law enforcement, electronic toll collection, parking management, and more, serving both government and commercial end-users.

The automatic licenses plate recognition market research report is one of a series of new reports that provides automatic licenses plate recognition market statistics, including automatic licenses plate recognition industry global market size, regional shares, competitors with automatic licenses plate recognition market share, detailed automatic licenses plate recognition market segments, market trends, and opportunities, and any further data you may need to thrive in the automatic licenses plate recognition industry. These automatic licenses plate recognition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automatic license plate recognition market consists of revenues earned by entities providing services such as vehicle identification and tracking, traffic monitoring and management, Parking Management and electronic toll collection system. The market value includes the value of related goods sold by the service provider or included within the service offering. The automatic license plate recognition market also includes of sales of high-resolution digital cameras, illumination systems, hard disk drives, and ethernet switches, routers, and network cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Automatic License Plate Recognition Market Characteristics3. Automatic License Plate Recognition Market Trends and Strategies
4. Automatic License Plate Recognition Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Automatic License Plate Recognition Market Size and Growth
5.1. Global Automatic License Plate Recognition Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Automatic License Plate Recognition Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Automatic License Plate Recognition Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Automatic License Plate Recognition Market Segmentation
6.1. Global Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Mobile
  • Fixed
  • Portable
6.2. Global Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Traffic Management
  • Law Enforcement
  • Electronic Toll Collection
  • Parking Management
  • Other Applications
6.3. Global Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Government
  • Commercial
7. Automatic License Plate Recognition Market Regional and Country Analysis
7.1. Global Automatic License Plate Recognition Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Automatic License Plate Recognition Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Automatic License Plate Recognition Market
8.1. Asia-Pacific Automatic License Plate Recognition Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Automatic License Plate Recognition Market
9.1. China Automatic License Plate Recognition Market Overview
9.2. China Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Automatic License Plate Recognition Market
10.1. India Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Automatic License Plate Recognition Market
11.1. Japan Automatic License Plate Recognition Market Overview
11.2. Japan Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Automatic License Plate Recognition Market
12.1. Australia Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Automatic License Plate Recognition Market
13.1. Indonesia Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Automatic License Plate Recognition Market
14.1. South Korea Automatic License Plate Recognition Market Overview
14.2. South Korea Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Automatic License Plate Recognition Market
15.1. Western Europe Automatic License Plate Recognition Market Overview
15.2. Western Europe Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Automatic License Plate Recognition Market
16.1. UK Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Automatic License Plate Recognition Market
17.1. Germany Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Automatic License Plate Recognition Market
18.1. France Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Automatic License Plate Recognition Market
19.1. Italy Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Automatic License Plate Recognition Market
20.1. Spain Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Automatic License Plate Recognition Market
21.1. Eastern Europe Automatic License Plate Recognition Market Overview
21.2. Eastern Europe Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Automatic License Plate Recognition Market
22.1. Russia Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Automatic License Plate Recognition Market
23.1. North America Automatic License Plate Recognition Market Overview
23.2. North America Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Automatic License Plate Recognition Market
24.1. USA Automatic License Plate Recognition Market Overview
24.2. USA Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Automatic License Plate Recognition Market
25.1. Canada Automatic License Plate Recognition Market Overview
25.2. Canada Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Automatic License Plate Recognition Market
26.1. South America Automatic License Plate Recognition Market Overview
26.2. South America Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Automatic License Plate Recognition Market
27.1. Brazil Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Automatic License Plate Recognition Market
28.1. Middle East Automatic License Plate Recognition Market Overview
28.2. Middle East Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Automatic License Plate Recognition Market
29.1. Africa Automatic License Plate Recognition Market Overview
29.2. Africa Automatic License Plate Recognition Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Automatic License Plate Recognition Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Automatic License Plate Recognition Market, Segmentation by End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Automatic License Plate Recognition Market Competitive Landscape and Company Profiles
30.1. Automatic License Plate Recognition Market Competitive Landscape
30.2. Automatic License Plate Recognition Market Company Profiles
30.2.1. Siemens AG
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Neology Inc.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Motorola Solutions
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Axis Communications
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Verint Systems Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Automatic License Plate Recognition Market Other Major and Innovative Companies
31.1. ParkingEye Limited
31.2. Vivotek
31.3. Genetec Technology
31.4. Kapsch TrafficCom
31.5. Bosch Security Systems
31.6. Euro Car Parks Limited (UK)
31.7. GeoVision Inc.
31.8. Senstar Technologies
31.9. TagMaster AB
31.10. Tattile S.r.l.
31.11. NDI Recognition Systems
31.12. Quercus Technologies
31.13. Petards Group Plc
31.14. Shenzhen AnShiBao
31.15. Digital Recognition Systems Ltd.
32. Global Automatic License Plate Recognition Market Competitive Benchmarking33. Global Automatic License Plate Recognition Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automatic License Plate Recognition Market
35. Automatic License Plate Recognition Market Future Outlook and Potential Analysis
35.1 Automatic License Plate Recognition Market in 2028 - Countries Offering Most New Opportunities
35.2 Automatic License Plate Recognition Market in 2028 - Segments Offering Most New Opportunities
35.3 Automatic License Plate Recognition Market in 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Automatic License Plate Recognition Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on automatic license plate recognition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for automatic license plate recognition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automatic license plate recognition market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Product: Mobile; Fixed; Portable
2) by Application: Traffic Management; Law Enforcement; Electronic Toll Collection; Parking Management; Other Applications.
3) by End-User: Government; Commercial

Key Companies Mentioned: Siemens AG; Neology Inc; Motorola Solutions; Axis Communications; Verint Systems Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Siemens AG
  • Neology Inc
  • Motorola Solutions
  • Axis Communications
  • Verint Systems Inc
  • ParkingEye Limited
  • Vivotek
  • Genetec Technology
  • Kapsch TrafficCom
  • Bosch Security Systems
  • Euro Car Parks Limited (UK)
  • GeoVision Inc
  • Senstar Technologies
  • TagMaster AB
  • Tattile S.r.l
  • NDI Recognition Systems
  • Quercus Technologies
  • Petards Group Plc
  • Shenzhen AnShiBao
  • Digital Recognition Systems Ltd
  • PlateSmart Technologies
  • Sighthound
  • Rekor Rank One Computing
  • NEXCOM
  • Flock Safety

Methodology

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Table Information