Deployment of Automatic Number Plate Recognition Systems in Vehicle Parking Application Triggering Market Growth
Transparency Market Research has published a new report titled "Automatic Number Plate Recognition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" to its report store
Albany, NY -- (SBWire) -- 03/27/2015 --The global automatic number plate recognition market, emphasizing on the existing market condition and its impact on the future of this industry.According to the publication, in 2013, the global automatic number plate recognition (ANPR) industry had attained a value of US$415.5 million. It is expected that this industry will be growing at a 13.5% compound annual growth rate between 2014 and 2020 to reach US$1,023.2 million.
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Automatic number plate recognition, commonly known as ANPR, is a mass surveillance technique that utilizes optical character recognition on images to interpret vehicle registration plates. This technique is utilized in detecting, determining, and disrupting criminal behavior regarding automobiles at a regional or a national level. ANPR systems provide evidence for the investigation of car robbery cases and are employed by law enforcement agencies all over the world.The deployment of ANPR systems in electronic vehicle parking systems has triggered the demand for ANPR systems from the commercial sector. However, a lack of uniformity in the designs of the number-plates and intrusions in privacy are acting as the prime hindrances for the development of the ANPR market across the globe.
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The global ANPR industry is assessed on three criteria: application, end user, and regional ANPR markets. The surveillance and security application dominated the ANPR industry across the globe in terms of the revenue it generated in 2013. It held more than 25% of the entire industry.The government end-use sector led the global ANPR industry in 2013, accounting for around 77% of the overall market. Applications of ANPR systems in the government sector are categorized into traffic management, homeland security, and defense, whereas the commercial end-use sector includes dedicated car parks and entertainment and recreation facilities such as multiplexes and shopping centers.
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According to the geographical distribution of the global ANPR market, Europe dominated the global ANPR market in 2013. The U.K. is one of the biggest regional segments in the Europe ANPR systems market; all four Home Nations utilize ANPR systems extensively. Countries such as Italy, Russia, Germany, and Hungary have also supported the development of the ANPR market significantly in Europe.The demand for ANPR systems is expected to be rising in Asia Pacific, particularly in developing countries such as India and China, where adoption of ANPR in both government and commercial sectors is increasing at a rapid pace.
The main participants of the global ANPR industry are ARH, Inc., Bosch Security Systems, Inc., NDI Recognition Systems LLC, Siemens AG, Tattile S.r.l., Vigilant Solutions, Digital Recognition Systems, Ltd., ELSAG North America LLC, PIPS Technology Ltd., Genetec, Inc., and Q-Free ASA.
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