ANPR System Market

Market Leader - ANPR System Market

The global ANPR system market is projected to reach USD 4.8 billion by 2027 from USD 3.1 billion in 2022; it is expected to register a CAGR of 9.2% from 2022 to 2027. The major factors driving the growth of the ANPR system market include the increasing deployment of ANPR systems in security and surveillance and traffic management applications, infrastructure growth in emerging economies, increasing allocation of funds by various governments on ITS, and the growing use of video analytics technology for intelligent monitoring of vehicles. Additionally, the rapid surge in demand for smart parking solutions is a major driver for the growth of the ANPR system market. The integration of advanced technologies such as IoT, Deep Learning, and AI with the ANPR system is promoting the growth of ANPR systems across applications such as access control and road usage charging. Growing number of infrastructure development projects across the world such as the Smart Cities mission and roadways modernization projects are promoting the growth of the ANPR system market. Moreover, surging use of video analytics technology for intelligent monitoring of vehicles is enhancing the growth of the ANPR system market.

Key Market Players operating in the global ANPR System Market include Kapsch TrafficCom (Austria), Siemens (Germany), Conduent, Inc. (US), HikVision (China), Q-Free ASA (Norway), Genetec, Inc. (Canada), Adaptive Recognition (Hungary), Jenoptik Group (Germany), Axis Communications (Sweden), and Nedap (Netherlands). Many major companies focus on implementing organic growth strategies, such as product launches, and inorganic strategies, such as partnership and expansions, to increase their revenue.

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Top 3 Players in global ANPR System Market:

Kapsch TrafficCom

Kapsch TrafficCom is a part of the Kapsch Group. The company is a prominent provider of ITS in the fields of tolling, traffic management, smart urban mobility, traffic safety and security, and connected vehicles. Electronic Toll Collection (ETC) and Intelligent Mobility Solutions (IMS) are the two reportable business segments of the company. Kapsch TrafficCom utilizes information and communication technologies to support and optimize road transportation, including infrastructure, vehicles, users, and industries. The company designs and operates road user charging, urban access, and parking, as well as traffic management solutions. The core business of the company is in building electronic toll collection and traffic management systems.

Siemens

Siemens is a globally operating technology company with its core activities in the fields of electrification, automation, and digitalization. The company operates through the following reportable segments: Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers, which together form Siemens’s Industrial Business portfolio. In addition, Siemens Financial Services (SFS), which supports the activities of the business segments and conducts its own business, continues to be a reportable segment. Furthermore, the company has portfolio companies, which comprise businesses that are managed separately to improve their performance. There are six reportable segments. Siemens offers an ANPR system and other ITS and services under its Mobility segment.

In the field of toll collection system services, the company offers single-lane tolling, open road tolling, license plate recognition via videos, manual toll booths, and automatic number plate recognition. Siemens has focused on improving its capabilities in satellite-based toll-collection applications. Along with the services, the company also offers ANPR cameras, RFID systems, GNSS, and DSRC-based systems. It has a strong geographical presence in Europe, C.I.S., Africa, the Middle East, the Americas, and Asia.

Conduent, Inc.

Conduent, Inc. formerly known as Xerox Corporation, separated from Xerox in January 2017 and is currently operating as Conduent, Inc. The company is headquartered in New Jersey, US, and offers business process services with expertise in transaction-intensive processing, analytics, and automation. The company primarily operates through the following segments: Commercial Industries, Government Services, and Transportation. The Transportation segment provides systems and support, including fare collection, violation management, notification, mobility, and payment solutions, to transportation departments and agencies globally.

The company delivers mission-critical services and solutions on behalf of businesses and governments. Through people, processes, and technologies, Conduent’s solutions and services automate workflows, improve efficiencies, reduce operational costs, and enable revenue growth. The company offers solutions for public safety, transit, curbside management, and road usage charging. Road usage charging solutions include tolling solutions and urban congestion management solutions. They have a strong geographical presence worldwide, especially in North America and Europe.

Related Reports:

ANPR System Market by Type (Fixed, Mobile, Portable), Component (ANPR Cameras, ANPR Software, Frame Grabbers, Triggers), Application, End-User (Government, Commercial, Institutions) & Region (North America, APAC, Europe, RoW) - Global Forecast to 2027

Contact:
Mr. Aashish Mehra
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ANPR System Market Size,  Share & Growth Report
Report Code
SE 3932
RI Published ON
4/7/2022
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