What Has Been the Growth Trajectory for the ANPR System Market in Recent Years?
The anpr system market has seen considerable growth due to a variety of factors.
•The market size for the ANPR system has seen considerable growth in the past few years. The market is projected to increase from $2.76 billion in 2024 to $2.99 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.5%.
The historic market surge can be linked to factors such as heightened security concerns, efficient traffic management solutions, anti-terrorism measures, decrease in hardware costs, and government-backed initiatives and funding.
How Does the Forecast Look for the ANPR System Market?
The anpr system market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a swift expansion in the market size of the ANPR system in the coming years. The market is predicted to accelerate to a value of $4.53 billion by 2029, with a compound annual growth rate of 11.0%.
Factors contributing to this anticipated surge in the forecast period include the advent of intelligent tolling systems, ANPR solutions that adhere to privacy requirements, a shift towards parking solutions in city areas, security considerations, and border controls. Future trends projected for the forecasting period involve the incorporation with smart city initiatives, progression in deep learning and ai, utilization of ANPR in toll collection and parking control, ANPR systems supported by cloud-technology, and vehicle access control systems.
What Main Forces Are Fueling Expansion In The ANPR System Market?
The ANPR system market is set to grow in response to the escalating number of roadway accidents. Roadway accidents encompass a broad array of occurrences such as vehicle collisions, pedestrian incidents, and cyclist accidents that transpire on public roadways. By implementing ANPR camera systems, access control procedures can be automated, security enhancements can be made, protection against auto theft can be increased, and traffic flow can be improved. These systems assume the role of traffic monitor, helping to alleviate traffic congestion and reduce accidents by capturing license plate data and issuing toll tickets. As an example, Eurostats, which is a statistical entity based in Luxembourg and associated with the European Union, unveiled data in April 2024 that demonstrated road traffic accidents in the EU led to 20,653 fatalities in 2022. This marked a 4% increase from the 19,917 deaths documented in 2021. Hence, the ANPR system market is expanding in response to the growing number of roadway accidents.
What Are The Primary Segments In The Global ANPR System Market?
The ANPR system market covered in this report is segmented –
1) By Type: Fixed ANPR Systems, Mobile ANPR Systems, Portable ANPR Systems
2) By Component: ANPR Cameras, ANPR Software, Frame Grabbers, Triggers, Other Components
3) By Application: Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control
4) By End User: Government, Commercial, Institutions
Subsegments:
1) By Fixed ANPR Systems: Parking Management, Traffic Monitoring
2) By Mobile ANPR Systems: Law Enforcement Applications, Roadside Monitoring
3) By Portable ANPR Systems: Temporary Event Monitoring, Flexible Surveillance Solutions
Pre-Book The ANPR System Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Key Trends Are Driving Changes In The ANPR System Market?
Key players in the ANPR system market, in a bid to maintain their market presence, are resorting to cutting-edge technologies like shutter technology. Shutter technology modulates the duration for which light accesses the lens, eventually impacting the image recorded on film or a digital sensor, and so forth. For example, Hanwha Vision, a video surveillance firm originating in South Korea, introduced a high-speed ANPR camera named TNO-7180RLP in May 2023. This device, TNO-7180RLP, is constructed to spot license plates on vehicles plying along two lanes at a top speed of 200 km/hour. The TNO-7180RLP, providing a cloud-based solution to magnify the accuracy and efficacy of license plate identification, represents a considerable upgrade in the ANPR camera sector. The camera includes 3MP global shutter technology and is combined with the freshly launched road AI solution by Hanwha, employing AI video analytics to discern the make, model, category, and shade of observed vehicles.
Who Are the Key Players in the ANPR System Market?
Major companies operating in the ANPR system market include:
• Nedap N.V.
• Siemens AG
• Panasonic Holdings Corporation
• Leonardo S.p.A
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Vigilant Solutions LLC
• Dahua Technology USA
• Conduent Incorporated
• Plate Recognizer
• Axis communications AB
• Jenoptik AG
• Avigilon Corporation
• Kapsch TrafficCom AG
• Bosch Security Systems Inc.
• Perceptics LLC
• Aimetis Corp.
• Genetec Inc.
• PIPS Technology Inc.
• Q-Free ASA
• ACTi Corporation
• Tagmaster AB
• Pumatronix Equipamentos Eletronicos Ltda.
• Alnet Systems Inc.
• ELSAG North America LLC
• ARTECO S.u.r.l.
• Digital Recognition Systems Ltd.
• Adaptive Recognition Inc.
• NDI Recognition Systems LLC
What Is The Most Dominant Region In The ANPR System Market?
Europe was the largest region in the ANPR system market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ANPR system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
