[Market Report] Global Market for Automatic License Plate Recognition Systems
Report ID: AA0923662
The global market for automatic number plate recognition systems is expected to accelerate to 6.3 billion dollars by 2031, with an average annual growth rate of 8.2%.
The global automatic number plate recognition (ANPR) system market is experiencing remarkable growth, with revenue surging to approximately \$3.1 billion in 2022 and projected to accelerate to an estimated \$6.3 billion by 2031. This impressive rapid growth is supported by a robust compound annual growth rate (CAGR) of 8.2% during the forecast period from 2023 to 2031. The global ANPR system market includes a variety of solutions, ranging from fixed camera systems to mobile and portable systems. These systems are highly versatile and can adapt to diverse environments, making them essential tools for modern security and surveillance needs. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation: The global automatic number plate recognition (ANPR) system market segmentation focuses on type, component type, end-user, application, and region. By Type Fixed ANPR Systems Mobile ANPR Systems Portable ANPR Systems By Component Type ANPR Cameras ANPR Software Frame Grabbers Triggers By End User Government Agencies Commercial By Application Traffic Management Law Enforcement Electronic Toll Collection Parking Management Access Control Key Companies: Kapsch TrafficCom Siemens Conduent Inc. Hikvision Q-Free ASA Genetec Inc Axis Communication Nedap ARH Incorporation Bosch Security Systems Digital Recognition Systems Ltd ELSAG North America LLC
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