The global market for Automatic Number Plate Recognition (ANPR) Systems is projected to exceed US$1.5 billion by 2024, driven by the sharp rise in traffic violations, strict enforcement of traffic rules and fines and growing investments in ANPR based electronic tolling systems. Continuous developments in ANPR software engine is helping drive applications into broader areas such as parking security, ticketless parking fee management, parking access automation, vehicle location guidance, car theft prevention, vehicle access control in limited zones, car pool management for logistics, and journey time measurement for optimizing traffic routes and for enabling intelligent traffic management services. Europe represents the largest market worldwide, followed by the United States. Rest of World comprising countries in Asia-Pacific, Latin America, the Middle East and Africa, is forecast to emerge as the fastest growing market with a CAGR of 17.9% over the analysis period. The growth in these markets will be led by the shift towards motorway road tolling for financing road infrastructures and the ensuing implementation of cost effective ANPR based ETC systems.  

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Summary of Findings
  • Technology Benefits such as Accuracy in Real Time Identification of Vehicles Drive Demand for ANPR Systems
  • Expanding Use in Electronic Toll Collection and Parking Management Bring In New Opportunities for Market Growth
  • Escalating Crime Rates Drive Demand for ANPR in Mass Surveillance Systems and Monitoring of Transportation Systems
  • Growing Use of ANPR Systems for Tracing Uninsured Vehicles and Vehicles with Default Tax Payments to Benefit Technology Growth
  • Continuous Technology Developments and Expanding Customer Base for Cloud Based ANPR Solutions Offer Bright Prospects for Demand Growth

Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), China, South Korea and Rest of World

Market Segmentation & Classification
  • Applications:
    • Toll & Parking, Law Enforcement, and Journey Time

Major Players
  • ACCEO Gtechna
  • ARH, Inc.
  • Bosch Security Systems
  • CAME Parkare
  • Captec Ltd.

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