License Plate Recognition Technology Market

License Plate Recognition Technology Market studies the Automatic License Plate Recognition (ALPR) market.
Automatic number-plate recognition (ANPR; see also other names below) is a technology that uses optical character recognition on images to read vehicle registration plates to create vehicle location data. It can use existing closed-circuit television, road-rule enforcement cameras, or cameras specifically designed for the task. ANPR is used by police forces around the world for law enforcement purposes, including to check if a vehicle is registered or licensed. It is also used for electronic toll collection on pay-per-use roads and as a method of cataloguing the movements of traffic, for example by highways agencies.
License Plate Recognition Technology Market contains market size and forecasts of License Plate Recognition Technology in Global, including the following market information:
Global License Plate Recognition Technology Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global License Plate Recognition Technology market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cameras Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of License Plate Recognition Technology include AlertSystems, ARH, Arvoo Imaging Products, Bosch Security Systems, CA Traffic, Clearview Communications, Digital Recognition Systems, Elsag and Genetec, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the License Plate Recognition Technology companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global License Plate Recognition Technology Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global License Plate Recognition Technology Market Segment Percentages, by Type, 2021 (%)
Cameras
Software & Services
Global License Plate Recognition Technology Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global License Plate Recognition Technology Market Segment Percentages, by Application, 2021 (%)
Traffic Management
Law Enforcement
Electronic Toll Collection
Car Park Management
Others
Global License Plate Recognition Technology Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global License Plate Recognition Technology Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies License Plate Recognition Technology revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies License Plate Recognition Technology revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
AlertSystems
ARH
Arvoo Imaging Products
Bosch Security Systems
CA Traffic
Clearview Communications
Digital Recognition Systems
Elsag
Genetec
GeoVision
HTS
Inex Tech
Jenoptik
Kapsch TrafficCom
Leonardo Company
MAV Systems
Motorola
NDI Recognition Systems
Nedap
Neology
NEXCOM
ParkingEye Limited
Perceptics
Petards Group
Q-free (Dacolian)
Rekor
Shenzhen AnShiBao
Siemens
Survision
TagMaster
Tattile
Vivotek