Robust Demand from Tolling & Parking Applications Drives the Automatic Number Plate Recognition Systems Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Automatic Number Plate Recognition Systems markets. The global market for Automatic Number Plate Recognition Systems is projected to reach US$804.2 million by 2018, driven by growing demand in tolling and parking applications.

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Automatic Number Plate Recognition Systems: A Global Strategic Business Report.

San Jose, CA (PRWEB) September 16, 2013

Follow us on LinkedIn – The process of vehicle identification has undergone significant transformation over the decades, with manual identification processes now giving way to automated systems. While traditional identification techniques such as noting down registration number, capturing images of number plates with hand held cameras, and manually searching up database are still used in many parts of the world, automated techniques such as use of barcodes, RFID tags and automatic number plate recognition (ANPR) systems are fast gaining popularity. A mass surveillance system that automatically establishes vehicle registration number by running optical character recognition on images captured by strategically placed cameras, ANPR systems are finding growing use in various application areas. Supported by benefits such as ease-of-use, and high levels of accuracy in real time identification of vehicles, ANPR systems are already being used in toll and traffic violation control, law enforcement, and parking management applications.

Law enforcement is one of the traditional end-use applications for ANPR Systems. Escalating crime levels across the globe and increasing use of vehicles for committing crime presents a strong case for law enforcement agencies to adopt vehicle identification technologies such as ANPR. Growing instances of vehicle theft also creates a strong demand for ANPR. ANPR stands out as a technology of choice for law enforcement agencies not only due to their ability to automate the entire process of identifying vehicles but also for their ability to create a rich database of vehicle sightings for investigative/data mining purposes. Strategically placed ANPR cameras such as those at gas stations, major traffic islands, highways, and intersections work as mass surveillance systems helping law enforcement agencies to monitor movement of stolen vehicles or those linked to a crime. ANPR systems also find use in traffic violation control, helping officials identify vehicles violating road safety rules such as over-speeding, jumping a red signal, or inappropriately using dedicated bus or pedestrian lanes, among others. Likewise, automatic license plate recognition systems are also used for tracing uninsured vehicles, vehicles with outstanding traffic violation cases and default tax payments.

Growth in the global market in the coming years will be primarily driven by robust opportunities in Tolling and Parking applications. While transponders currently serve as primary method of vehicle identification in electronic tollway projects, ANPR systems are fast gaining popularity as an alternate vehicle identification technology for toll violation control. Increased deployment of Electronic Toll Collection (ETC) systems on highways and motorways across the globe, particularly in developing markets such as China augurs well for the market. Demand for ANPR systems will also be strong in automated parking management applications. Private parking space owners, large-retail centers, hospitals, restaurants, supermarkets, and motorway services, where heavy inflow of vehicles are a norm, are increasingly adopting ANPR systems for providing efficient parking services to their visitors, thereby benefitting the market.

As stated by the new market research report on Automatic Number Plate Recognition Systems, Europe continues to remain the largest regional market worldwide. The United States represents the fastest growing market with a CAGR of 19% over the analysis period. Growth in the country is led by strong focus of the government on intelligent policing and advanced crime detection, increasing deployments of ETC to ease traffic congestion, and increasing use of automated parking maintenance by vehicle park owners, malls and retail outlets.

Major players covered in the report include 3M, HP Autonomy, The Bosch Group, CA Traffic Limited, Captec Ltd., COBAN Technologies, Digital Recognition Systems Ltd., FLIR Systems Inc., Image Sensing Systems Inc., NDI Recognition Systems, Petards Group Plc, Quercus Technologies, Siemens AG, Vysionics Intelligent Traffic Solutions Ltd., and Zhejiang Dahua Technology Co., Ltd., among others.

The research report titled “Automatic Number Plate Recognition Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), China, South Korea and Rest of World. Key application segments analyzed in the report include Toll & Parking, Law Enforcement and Journey Time.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Automatic_Number_Plate_Recognition_Systems_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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