Automatic Number Plate Recognition (ANPR) System Market

Kapsch TrafficCom AG (Austria) and Conduent, Inc. (US) are the Leading Players in the Automatic Number Plate Recognition (ANPR) System Market

The automatic number plate recognition (ANPR) system market in 2016 was valued at USD 1.78 billion and is expected to reach USD 3.57 billion by 2023, at a CAGR of 9.74% between 2017 and 2023. The ANPR system is an integral element of intelligent transportation systems (ITS). To effectively manage traffic situations and penalize offenders, public authorities are increasingly deploying ITS solutions in urban areas and on highways. Thus, the need to deploy ANPR systems for security and surveillance and traffic control and infrastructure growth in emerging economies are some of the significant growth drivers for the ANPR system market. In certain crime-related situations, the use of video analytics tools allows law enforcement agencies to track vehicle numbers, which are stored in the database, to identify vehicle owners and mobilize police forces accordingly.

The leading players in the ANPR system market include are Kapsch TrafficCom AG (Austria), Conduent, Inc. (US), Q-Free ASA (Norway), Siemens AG (Germany), and Genetec Inc. (Canada). Most of the leading companies adopted organic and inorganic strategies such as product launches and partnerships to boost their revenue and increase the market presence.

Kapsch TrafficCom AG (Austria) is a leading provider of intelligent transportation system (ITS) solutions such as ANPR for toll collection, safety and security, traffic management, connected cars, and smart urban mobility markets. With the help of the camera technology, the vehicle number plate is read remotely using camera technology to determine whether the vehicle is required to pay the toll and to calculate the amount. The company focuses on inorganic strategies to match the ongoing market trends and excel further in its offerings.

Conduent, Inc. (US) is estimated to play a significant role in the ANPR system market. The company has been a leader in the ANPR system market for a long time and has an extensive array of products that is used in highway and urban applications. A big advantage that Conduent, Inc. has over other competitors in this market is its extensive product portfolio. Conduent, Inc. has all types of technology-based tolling systems such as ANPR, RFID, DSRC, GPS/GNSS, and video analytics. It is used in the ANPR technology for various services such as automatic toll payment machine, ETC back office, and ETC roadside.

Q-Free ASA (Norway) is also one of the leading companies that is anticipated to play a major role in the ANPR system market. The company has a comprehensive range of products and services in the area of intelligent transportation system (ITS). The company offers an Intrada ALPR software solution for automatic license/number plate recognition (ALPR/ANPR). To retain its position in the market, the company focused on contracts and acquisition as its key growth strategy. For example, in April 2016, Q-Free signed a contract extension with the Miami Dade expressway’s electronic toll collection program at a value of 16 million Norwegian krone. Also, in January 2016, Q-Free signed a tolling contract with Transcore, US, for a value of 45 million Norwegian krone. The contract is the upgradation of the Central Florida Expressway Authority’s ANPR system.

Related Reports:

Automatic Number Plate Recognition (ANPR) System Market by Type (Fixed, Mobile, Portable), Component (ANPR Cameras, Software, Frame Grabbers, Triggers), Application (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management), and Geography - Global Forecast to 2023

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Report Code
SE 3932
RI Published ON
8/16/2017
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