Strict Enforcement of Traffic Discipline Drives the Automatic Number Plate Recognition Systems Market, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) March 04, 2015 -- Follow us on LinkedIn – Vehicle Identification Number (VIN), defined as the DNA of an automobile, plays an important role in tracking vehicles for recalls, road user e-tolling, warranty claims, thefts, traffic violations, and insurance coverage, among others. Vehicle Number Plate Recognition technologies have evolved, over the years, from manual identification to automated systems. Traditional identification techniques include noting down the registration number, capturing images of number plates with hand held cameras, and manually searching the database for matches. Automated techniques, on the other hand, involve the use of barcodes, RFID tags and automatic number plate recognition (ANPR) systems. An ANPR system is a mass surveillance system that automatically establishes vehicle registration number by running optical character recognition on images captured by strategically placed cameras.
Sales of ANPR systems are forecast to grow strongly supported by technology benefits, such as, ease-of-use, and high levels of accuracy in real time identification of vehicles. Also poised to spur growth in the market is the rapidly expanding application of these systems in toll collection, parking management, journey time measurement, access control, and border control. Advancements in algorithm and processing capabilities, development of smarter cameras, and integration of advanced features such as global positioning system (GPS) based tracking and 3D-analysis are helping improve product performance.
Law enforcement represents a major end-use market for ANPR systems. Escalating crime rates and increasing use of vehicles for committing crime present a strong business case for the adoption of vehicle identification technologies in this sector. Strategically placed ANPR cameras at gas stations, traffic islands, highways, and intersections work as mass surveillance systems, helping law enforcement agencies to monitor movement of vehicles. 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. Automatic license plate recognition systems are also used for tracing uninsured vehicles, and vehicles with outstanding traffic violation cases and default tax payments.
As stated by the new market research report on Automatic Number Plate Recognition Systems, Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market led by China, which is projected to grow at a CAGR of 18.5% over the analysis period. Growth in the region is led by growing investments in intelligent transportation technologies, establishment of new Electronic Tollgates in major highways and motorways, growing number of vehicles on road and the ensuing need for effective mass surveillance systems to enforce discipline.
Major players covered in the report include 3M, ARH, Inc., CA Traffic Limited, Captec Ltd., ClearView Communications Limited, COBAN Technologies, Digital Recognition Systems Ltd., DTK Software, ELSAG North America LLC, FLIR Systems Inc., Gtechna, Inc., HP Autonomy, Image Sensing Systems Inc., IP-Surveillance.com.au Pty Ltd., NDI Recognition Systems Ltd., Parkare Group, Petards Group Plc, PlateSmart Technologies, Inc., Q-Free ASA, Quercus Technologies, Siemens AG, Tattile Srl, The Bosch Group, Vigilent Solutions, Inc., 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 click here
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 1500+ 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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