ANPR System Market Size

Automatic Number Plate Recognition (Anpr) System Market size was over USD 3.56 billion in 2024 and is poised to exceed USD 10.53 billion by 2037, witnessing over 8.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automatic number plate recognition system is evaluated at USD 3.81 billion.

In the year 2024, the industry size of automatic number plate recognition (ANPR) system is assessed at USD 3.52 Billion. The major factor attributed to the market expansion is the rapid expansion of the automobile industry. With the expansion of the automotive industry, the production rate of vehicles is expected to grow which in turn is anticipated to increase the utilization rate of automatic number plate recognition (ANPR) systems in vehicles and aid in the expansion of the global automatic number plate recognition (ANPR) systems. The global automotive industry is expected to reach approximately USD 9 trillion by 2030 as per the newest data. 

In addition to the aforementioned factors, the various advantages offered by automatic number plate recognition (ANPR) systems are expected to fuel market growth. It aids an efficient way of managing high-speed traffic management at parking areas along with the availability of the facility of automatic access control systems making it an ideal feature to get integrated into the vehicles for enhancing the driving experience. Furthermore, the huge investments in the IT sector by the government for developing novel systems including automatic number plate recognition (ANPR) systems for vehicles to make the drivers’ experience worthwhile is also fueling the growth of the global automatic number plate recognition (ANPR) systems in the upcoming years. Furthermore, the growing demand for smart cars coupled with electric vehicles and rising disposable income is projected to escalate the demand for automatic number plate recognition (ANPR) systems in the upcoming years.