Los Angeles, CA -- (SBWIRE) -- 09/23/2019 -- Automatic number-plate recognition (ANPR; see also other names below) is a technology that uses optical character recognition on images to read vehicle registration plates to create vehicle location data. It can use existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. ANPR is used by police forces around the world for law enforcement purposes, including to check if a vehicle is registered or licensed. It is also used for electronic toll collection on pay-per-use roads and as a method of cataloguing the movements of traffic, for example by highways agencies.
Of the major players of the Automatic License Plate Recognition (ALPR) market, Neology maintained its first place in the ranking in 2017. Neology accounted for 6.95% of the Global Automatic License Plate Recognition (ALPR) market share in 2017. Other players accounted for 6.26%, 5.70% including Siemens and Elsag.
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The global Automatic License Plate Recognition (ALPR) market was 640 million US$ in 2018 and is expected to 1570 million US$ by the end of 2025, growing at a CAGR of 11.9% between 2019 and 2025.
This report studies the Automatic License Plate Recognition (ALPR) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Automatic License Plate Recognition (ALPR) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Bosch Security Systems
NDI Recognition Systems
Arvoo Imaging Products
Digital Recognition Systems
By the product type, the market is primarily split into
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By the end users/application, this report covers the following segments
Traffic Management& Law Enforcement
Electronic Toll Collection
Car Park Management
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