ANPR System Market Analysis

Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Access Control)

The global automatic number plate recognition (ANPR) system market is segmented and analyzed for demand and supply by application in traffic management, law enforcement, electronic toll collection, parking management, access control, and others. Out of these, the traffic management segment is attributed to holding the largest share by the end of 2037. The major factor attributed to the growing segment is the rising concern of traffic congestion over the world which requires efficient systems such as automatic number plate recognition (ANPR) system. Recently, it was declared that in 2021, an American driver lost almost 36 hours owing to congestion on a daily average. This figure has increased by 10 years from the previous year. Moreover, the rising number of deaths in traffic crashes coupled with increased cases of traffic violations and rash driving cases is also anticipated to bring lucrative growth opportunities for the adoption of automatic number plate recognition (ANPR) systems in vehicles to efficiently mitigate traffic congestion in the next few years. A report published by the Ministry of Road Transport and Highways in 2022 stated that approximately 1.5 million people die on Indian roads owing to accidents annually.

Software (ANPR Cameras, Frame Gabbers)

The global automatic number plate recognition (ANPR) system market is also segmented and analyzed for demand and supply by software into ANPR cameras, frame grabbers, and others. Out of these three segments, the ANPR cameras segment is projected to hold the most significant share by the end of the forecast period with a notable CAGR value. As automatic number plate recognition (ANPR) systems are integrated with a technology capable of reading vehicle number plates, quickly and automatically, without any human intervention through using photo or video footage from its cameras, it is estimated to fuel segment growth. Furthermore, the addition of cameras in vehicles for varied purposes is also estimated to increase the utilization rate of ANPR cameras during the forecast period.

Our in-depth analysis of the global market includes the following segments: