The global LPR Cameras market was 340 million US$ in 2018 and is expected to 610 million US$ by the end of 2025, growing at a CAGR of 8.5% between 2019 and 2025.

Los Angeles, CA -- (SBWire) -- 04/10/2019 --License Plate Recognition (LPR) cameras, also known as License Plate Capture (LPC) cameras, are a specialized form a CCTV security cameras.

The LPR Cameras industry is not concentrated. A variety of manufacturers ranging from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 30% of the revenue market. Regionally, Europe is the biggest production area of LPR Cameras, also the leader in the whole LPR Cameras industry.

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Europe occupied 38% of the production market in 2017. It is followed by North America and Asia Pacific (Ex-China), which respectively have around 27% and 16% of the global total industry. Other countries have a small amount of production. Geographically, Europe is also the largest consumption market in the world, which took about 32% of the global consumption volume in 2017. North America shared 26% of global total.

For price trend analysis, a key variable in the performance of LPR Cameras producers is raw material costs, specifically the speed at which any increase can be passed through to customers.

The global LPR Cameras market was 340 million US$ in 2018 and is expected to 610 million US$ by the end of 2025, growing at a CAGR of 8.5% between 2019 and 2025.

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Key players dominating the global LPR Cameras markets are: Neology (3M), Siemens, Kapsch TrafficCom, Vivotek, ARH, GeoVision, Genetec, Tattile, Bosch Security Systems, NEXCOM, HTS, Elsag, TagMaster, Petards Group, NDI Recognition Systems, Shenzhen AnShiBao, ParkingEye Limited, AlertSystems, Euro Car Parks Limited (UK), CA Traffic, Vigilant Solutions, Inc. (US), PaisAn

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This report studies the LPR Cameras 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 LPR Cameras 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)

By the product type, the market is primarily split into

Mobile LPR Cameras

Fixed LPR Cameras

Portable LPR Cameras

By the end users/application, this report covers the following segments

Traffic Management

Law Enforcement

Electronic Toll Collection

Parking Management

Others

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