Automatic Number Plate Recognition Market: A Step Towards Secure Commutation
In recent years, the prevalence of road accidents, illegal road behavior, and criminal activities has prompted the need for a system that easily recognizes these wrongdoers. Over the years, several policies and regulations have been employed to grab hold onto bikes, cars, and vehicle drivers and other associated members who are breaking the law. However, none of them have resulted in massive success.
Enters automatic number plate recognition (ANPR). A highly accurate system that boasts the capability of reading the number plates of vehicles without the need for any human interference. It does so with the use of a high-speed image capturing technology. The technology is aided with features such as the detection of characters within the images provided, supporting illumination, character recognition to convert images into text, and verification of the character sequences in license plates. This is the underlying technology that is used for the detection of a vehicle license or number plate. It supplies the information to the next phase of computer processing under which the information is broken down, interpreted, stored, and matched to create an ANPR-based application.
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Ensuring Security and Safety in Roads
The use of ANPR is primarily limited to police forces in order to track down any instances of criminal behavior. Additionally, the technology is also applied in many UK Motorways to ascertain the travelling speed of the vehicles. However, the application of ANPR is not limited to only this. It strikingly aids in ensuring the security and safety of the public and for supporting efficiencies in transportation and vehicle infrastructural development. Some of the use cases of this technology includes traffic management, tolling, car park management, journey time analysis, bus lane enforcement, and so on.
This technological tool is used for providing assistance to the law enforcement personnel and to ensure the continued and optimal safety of all road commuters. It is offering safety and security of citizens across the world and is evolving with advancements to improve the effective transport flow of people in real-time.
Increasing Adoption Ahead
The global automatic number plate recognition system is on a constant rise. Market Research Future (MRFR) predicts that the global market will reach a valuation of USD 1100 million by 2023, thereby jumping from its previous tally of USD 670.7 million in 2018.
The growth of the market can be attributed to the number of stringent traffic laws enforced by governments across the globe. The increasing number of vehicle parc is prompting the adoption of several advanced traffic management methodologies like ANPR.
Regional Analysis
The global automatic number plate recognition market was globally led by Europe back in 2017. The region held more than one-third of the global market. The region is further expected to grow during the ongoing forecast period with the highest CAGR of 10.5%. This is due to the high adoption rate of the technology in countries like the UK, France, Germany, the Netherlands, and others.
Key Players
Some of the key players in the global automatic number plate recognition market include Neology, Inc., Kapsch TrafficCom AG, Conduent Inc., Tattile SRL, Siemens AG, Jenoptik Group, Vigilant Solutions, Bosch Group, Leonardo Company, and Genetec Inc.
June 2019, the Department of Transport in the UK announced its plans for activating cameras that can identify vehicles that are way too noisy or loud. The cameras will be soon tested across the UK and will hopefully aid in catching hold of car drivers who exceed the legal noise pollution limit. The ANPR technology will be integrated in the cameras to listen to the noise emitted by the vehicles.
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The global Automatic Number Plate Recognition Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Automatic Number Plate Recognition include Siemens AG, Tattile SRL, Vigilant Solutions, Leonardo Company, Jenoptik Group, Kapsch TrafficCom AG, Financial Overview, Genetec Inc., Neology Inc., Bosch Group, Genetec Inc, and Conduent Inc..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automatic Number Plate Recognition Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automatic-number-plate-recognition-market/download-sampleMarket SegmentationThe broad Automatic Number Plate Recognition has been sub-grouped into the Type, Component , Application and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
