Automatic Generation Control Market Report 2025

This 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 automatic license plate recognition market size has grown rapidly in recent years. It will grow from $8 billion in 2024 to $9.08 billion in 2025 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to integration with toll collection, parking management needs, traffic management challenges, vehicle theft prevention, security concerns, law enforcement needs.

The automatic license plate recognition market size is expected to see rapid growth in the next few years. It will grow to $14.89 billion in 2029 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to growing investments in infrastructure, regulatory mandates for vehicle identification, focus on traffic congestion management, emergence of 5G networks, rising demand for vehicle tracking and recovery. Major trends in the forecast period include expansion in commercial applications, collaboration with automotive industry, focus on ai and machine learning, adoption of cloud-based, 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 in the automatic license plate recognition (ALPR) market are prioritizing the development of innovative solutions, such as mobile apps equipped with license recognition technology, to improve operational efficiency and public safety. These mobile applications enable law enforcement and security teams to swiftly identify vehicles and access vital information, supporting public safety and enhancing response times. For example, in October 2023, Flock Safety Inc., a US-based technology company, introduced the Flock Safety Mobile App, designed to boost public safety and law enforcement efficiency through advanced technology. This app includes real-time alerts for license plate recognition and audio detection, enabling officers to respond swiftly to potential threats. It offers instant access to essential information, such as vehicle details and audio clips related to criminal activity, aiding in the quick identification of suspects and enhancing situational awareness.

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 2024. 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.

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).

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 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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