Automatic Number Plate Recognition System Market to surpass $6.8 Bn by 2032, Says Global Market Insights Inc.
Major automatic number plate recognition system market Avigilon, Axis Communications, Bosch Security Systems, Inc., Conduent Genetec Inc., Digital Recognition, Genetec Inc., Vivotek, and Q-Free ASA, among others.
Selbyville, Delaware, June 04, 2024 (GLOBE NEWSWIRE) —
The automatic number plate recognition system market valuation is expected to reach USD 6.8 billion by 2032, as reported in a
In January 2024, the Delhi government introduced AI-powered cameras to detect traffic violations, enhancing road safety. These cameras, capable of identifying 19 violations, such as mobile phone usage while driving and invalid PUCC, aim to improve traffic management.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Automatic Number Plate Recognition (ANPR) system market 360º synopsis, 2018 – 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2024-2032
2.3 Regional trends
2.4 Component trends
2.5 Type trends
2.6 Application trends
2.7 End use trends
Chapter 3 Automatic Number Plate Recognition (ANPR) System Market Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 Component suppliers
3.2.3 Manufacturers
3.2.4 Technology/software providers
3.2.5 System integrators
3.2.6 Service providers
3.2.7 Distribution channel
3.2.8 End Users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Rising deployment of ANPR systems in security, surveillance, and traffic enforcement applications
3.8.1.2 Integration of smart parking technology and tolling applications
3.8.1.3 Increasing advancements in AI and IoT and integration with ANPR systems
3.8.1.4 Surging investments in smart cities across the globe
3.8.2 Industry pitfalls & challenges
3.8.2.1 Inconsistency in number plate designs
3.8.2.2 Privacy concerns regarding stored images and records
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share, 2023
4.3 Competitive analysis of major market players, 2023
4.3.1 Genetec Inc.
4.3.2 Bosch Security Systems, Inc.
4.3.3 Hikvision Digital Technology
4.3.4 Avigilon
4.3.5 Q-Free ASA.
4.3.6 Kapsch (Kapsch Trafficcom AG)
4.3.7 Conduent
4.4 Competitive positioning matrix, 2023
4.5 Strategic outlook matrix, 2023
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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