Automatic License Plate Recognition (ALPR) Systems Market (Updated Version Available)

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.
In this study, the market for the Automatic License Plate Recognition (ALPR) consumption divided into five geographic regions. Europe was the largest market for ANPR systems in 2020. The large market in this region can be attributed to the high adoption of intelligent transportation systems for traffic management, tolling management, law/police enforcement, and other applications.
Factors that are driving this market include the infrastructure growth in emerging economies, increasing allocation of funds by various governments on intelligent transport system (ITS), deployment of camera technologies in security and surveillance, and traffic enforcement application, and the growing usage of video analytics technology for intelligent monitoring of vehicles.
The global Automatic License Plate Recognition (ALPR) Systems market is valued at 640 million US$ in 2020 and will reach 1570 million US$ by the end of 2026, growing at a CAGR of 11.9% during 2021-2026. The objectives of this study are to define, segment, and project the size of the Automatic License Plate Recognition (ALPR) Systems market based on company, product type, end user and key regions.

This report studies the global market size of Automatic License Plate Recognition (ALPR) Systems in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Automatic License Plate Recognition (ALPR) Systems in these regions.
This research report categorizes the global Automatic License Plate Recognition (ALPR) Systems market by top players/brands, region, type and end user. This report also studies the global Automatic License Plate Recognition (ALPR) Systems market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

This report covers the present status and the future prospects of the global Automatic License Plate Recognition (ALPR) Systems market for 2015-2026.
The report offers detailed coverage of Automatic License Plate Recognition (ALPR) Systems industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Automatic License Plate Recognition (ALPR) Systems by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Cameras, Hardware, Software & Services,

Market Segment as follows:
Market by Order Type

Cameras
Hardware
Software & Services
Market size by End User
Traffic Management& Law Enforcement
Electronic Toll Collection
Car Park Management

market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Automatic License Plate Recognition (ALPR) Systems market for the forecast period 2021 - 2026?
• What are the driving forces in the Automatic License Plate Recognition (ALPR) Systems market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Automatic License Plate Recognition (ALPR) Systems industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.