Recording a CAGR of 8.6% during the timeframe of 2022 to 2032, the global Automated Number Plate Recognition (ANPR) and Detection Sensors Market is anticipated to garner USD 1.768 Million, against USD 775 Million in 2022.
The increasing deployment of ANPR systems in security and surveillance and traffic management applications is projected to be one of the key factors driving the market during the forecast period.
| Report Attributes | Details |
|---|---|
| Projected Market Value (2022) | USD 775 Million |
| Anticipated Forecast Value (2032) | USD 1,768 Million |
| Estimated Growth Rate (2022 to 2032) | 8.6% |
Advancements in digital cameras and recognition equipment are expected to positively drive the market during the forecast period. Majorly deployed by automatic number plate recognition systems and law enforcement agencies, ANPR plays a crucial role in vehicle inventory management.
The flourishing automobile sector across the globe is anticipated to drive the ANPR market in the coming period. In addition, government authorities are focusing to develop integrated unmanned aerial vehicles (UAVs) for the deployment of a city-wide ANPR network that can augment the market size in the forecast period.
The portable ANPR type is anticipated to gain significant traction while exhibiting the highest CAGR during the forecast period. Such equipment is majorly adopted by law enforcement agencies due to its cost-effectiveness.
Several government authorities across the globe are focusing to offer contracts to ANPR providers such as NDI Recognition Systems, Tattile Srl, and Siemens, for the provision of portable automatic number plate recognition systems.
For instance, the Government of the United Kingdom offered a contract to NDI Recognition Systems for purchasing portable automatic number plate recognition devices developed by NDI Recognition Systems- ROAD WARRIOR RADAR. Such factors are expected to offer significant support to the industry's growth during the forecast period.
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Growing demand for ANPR in automated toll collection centers and traffic law enforcement is expected to benefit the market during the forecast period. With growing awareness about highway speed limits among drivers, the ANPR sensors are gaining major demand in the automotive sector.
Also, the advanced ANPR systems are eliminating the need to manually record the plates of individuals, which is projected to enhance its demand in the market in the coming period.
Further, the trend of e-challan is becoming popular in developing countries such as India. Manufacturers in India's automatic number plate recognition (ANPR) market are providing surveillance products at toll gates that facilitate sending non-compliance fees to the car associate. Such ongoing developments in the market are expected to benefit the market during the forecast period.
Additionally, favorable initiatives by the government of developing countries are anticipated to drive the market during the forecast period. For instance, in May 2022, Tamil Nadu, a State government of India, announced the installation of ANPR cameras to locate stolen vehicles. An integrated vehicle monitoring system will be introduced across the state. Such factors are expected to benefit the industry in the forecast period.
The global automated number plate recognition and detection market is anticipated to be hampered by inaccuracies, leading to false-positive readings. Further, robbers have used car cloning techniques to evade automatic number plate recognition systems.
Also, concerns associated with data privacy are projected to be another cause hampering the market growth in the forecast period.
However, the integration of modern technologies like AI and IoT with ANPR systems is anticipated to counter the hampering causes and benefit the market during the forecast period.
For instance, EFKON offers ANPR systems based on AI, offering a robust and ready-to-integrate system, that captures diverse types of license plates. Such factors are expected to strengthen the industry's growth in the coming time.
As per the analysis, the global ANPR sensors market is expected to be dominated by North America during the forecast period. The region is anticipated to secure a market share of 29.2% in 2022. The USA is expected to make the maximum contribution to developing the regional market.
The domination of the region can be attributed to the rapid digitalization of traffic monitoring devices in tunnels, bridges, and highways. Also, the IoT-enabled approach for the configuration of automatic number plate recognition with traffic monitoring devices is gaining high traction during the forecast period.
The demand for minimal human intervention in traffic monitoring devices is expected to influence the market positively. Also, ongoing research and development of radar-based automatic number plate recognition systems are anticipated to influence the market positively in the forecast period.
According to the analysis, Europe is anticipated to be the second-largest market for ANPR sensors. In 2022, the region is projected to secure about 22.8% of the market share.
The United Kingdom is anticipated to make the maximum contribution to developing the market during the forecast period. The expansion of the European market can be attributed to the launch of modern devices by players in the region.
For instance, in November 2020, TagMaster launched the first camera in its new family of automatic number recognition cameras, TagMaster CT. Similarly, in 2018, Nedap, a leading specialist in long-range identification solutions, launched the next generation of its automatic number plate recognition platform.
With the introduction of two brand-new cameras, Nedap caters to the growing demand for effective license plate reading in vehicle access control applications. Such factors are expected to benefit the European market during the forecast period.
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Key players in the global automated number plate recognition and detection market include Vigilant Solutions Inc., Siemens AG, Tattile Srl, Q-Free ASA, Bosch Security Systems, Kapsch TrafficCom AG, and Jenoptik Traffic Solutions among others.
| Report Attribute | Details |
|---|---|
| Growth Rate | 8.6 % CAGR from 2022 to 2032 |
| Market Value in 2022 | USD 775 Million |
| Market Value in 2032 | USD 1,768.0 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD Million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Application, Sensor Type, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, Italy, France, Spain, Russia, United Kingdom, Italy, Russia, BENELUX, China, Japan, South Korea, Malaysia, South Korea, Singapore, Australia, GCC Countries, South Africa, Israel, Rest of Middle East and Africa |
| Key Companies Profiled | Vigilant Solutions Inc.; Siemens AG; Tattile Srl; Q-Free ASA; Bosch Security Systems; Kapsch TrafficCom AG; Jenoptik Traffic Solutions |
| Customization Scope | Available upon Request |
The global automated number plate recognition (ANPR) and detection market are expected to secure USD 1,768.0 Million by 2032.
The global automated number plate recognition (ANPR) and detection market are predicted to display a CAGR of 8.6% during the forecast period.
Vigilant Solutions Inc., Siemens AG, Tattile Srl, and Bosch Security Systems are some of the players in the global automated number plate recognition (ANPR) and detection market.
| Projected Value (2020) | USD 6,245.8 million |
|---|---|
| CAGR Value | 5.9% |
| Projected Value (2020) | USD 8,628.2 million |
|---|---|
| CAGR Value | 7.2% |
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Automated Number Plate Recognition (ANPR) and Detection Sensors Market
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