The new report titled ‘Global Automatic Number Plate Recognition (ANPR) System Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Automatic Number Plate Recognition (ANPR) System market outlook over the forecast duration (2019-2028). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market.The global Automatic Number Plate Recognition (ANPR) system market size is expected to reach USD 4,899.0 Million at a steady CAGR of 9.5% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing use of ANPR systems for security and surveillance purposes and applications.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Automatic Number Plate Recognition (ANPR) System market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Automatic Number Plate Recognition (ANPR) System market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Automatic Number Plate Recognition (ANPR) System market.
Global Automatic Number Plate Recognition (ANPR) System Market Segmentation:
Emergen Research has segmented the global ANPR system market on the basis of component, type, application, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Fixed ANPR System
- Mobile ANPR System
- Portable ANPR System
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Traffic Management
- Electronic Toll Collection
- Law Enforcement
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Key Companies Profiled in the Report:
Siemens AG, ARH Inc., Neology Inc., Kapsch TrafficCom, Genetec Inc., TagMaster, Conduent Inc., Bosch Ltd., Q-Free ASA
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Automatic Number Plate Recognition (ANPR) System market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
Overview of the Automatic Number Plate Recognition (ANPR) System Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
Region wise performance of the Automatic Number Plate Recognition (ANPR) System industry
North America Automatic Number Plate Recognition (ANPR) System market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Automatic Number Plate Recognition (ANPR) System market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Asia Pacific registered fastest revenue CAGR in 2020, and the Automatic Number Plate Recognition (ANPR) System market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
Europe Automatic Number Plate Recognition (ANPR) System market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Automatic Number Plate Recognition (ANPR) System market growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
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Table Of Content
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Automatic Number Plate Recognition (ANPR) System Market Segmentation Impact Analysis
4.1. Automatic Number Plate Recognition (ANPR) System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.3. Market restraints analysis
4.2.3.1. Lack of supporting infrastructure in developed and emerging nations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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Continued….
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