According to a new report, the Global Automatic Number Plate Recognition System Market size is expected to reach $3.6 billion by 2023, rising at a market growth of 9.6% CAGR during the forecast period.
The Europe market holds the largest market share in Global Automatic Number Plate Recognition System Fixed Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 7.9 % during the forecast period.
The North America market is expected to witness a CAGR of 10.7% during (2017 - 2023) in Global Automatic Number Plate Recognition (ANPR) System Mobile & Portable Market. Additionally, The Asia Pacific market is expected to witness a CAGR of 12.8% during (2017 - 2023).
The ANPR Cameras market holds the largest market share in Global Automatic Number Plate Recognition (ANPR) System Market by Component in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 7.8 % during the forecast period. The Frame Grabber market is expected to witness a CAGR of 11% during (2017 - 2023). Additionally, The Triggers market is expected to witness highest CAGR of 11.5% during (2017 - 2023).
The Traffic Management market holds the largest market share in Global Automatic Number Plate Recognition (ANPR) System Market by Application in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 8.5 % during the forecast period. The Parking Management market is expected to witness a CAGR of 12.2% during (2017 - 2023). Additionally, The Access Control market would garner market size of $306.1 million by 2023.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Automatic Number Plate Recognition (ANPR) System Market have been discussed in the report with the elaborated company profiles of Kapsch (Kapsch Trafficcom AG), Q-Free ASA, Siemens AG, Genetec Inc., ARH Inc., Robert Bosch (Bosch Security Systems, Inc.), Smartrac (Neology, Inc.), Digital Recognition Systems Ltd., Vigilant Solutions, Inc., and Tattile SRL.
Full Report: https://www.kbvresearch.com/automatic-number-plate-recognition-system-market/
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Related Reports:
North America Automatic Number Plate Recognition System Market (2017-2023)
Europe Automatic Number Plate Recognition System Market (2017-2023)
Asia Pacific Automatic Number Plate Recognition System Market (2017-2023)
LAMEA Automatic Number Plate Recognition System Market (2017-2023)
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