The global smart license plate recognition systems market is expected to grow at a CAGR of 12.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing need for security and safety in public places, which is driving the demand for smart license plate recognition systems. The increasing number of vehicles on roads and highways has led to traffic congestion, which has increased the need for traffic management solutions such as smart license plate recognition systems. This technology helps in managing traffic by identifying vehicles that are violating rules such as speeding or parking illegally. Smart license plate recognition systems also help law enforcement agencies identify stolen vehicles or those involved in criminal activities by scanning plates against databases of stolen cars or wanted criminals.
- The Smart License Plate Recognition Systems market is expected to grow at a CAGR of over 10% during the forecast period.
- The increasing number of vehicles on the road and the need for better traffic management are some of the factors driving this market's growth.
- The increasing demand for automated license plate recognition systems from law enforcement agencies is also driving this market's growth.
- Increasing adoption of these systems in emerging economies such as India and China is also driving this market's growth.
- Increasing use of these systems in parking lots, toll booths, and other areas where vehicle identification is required.
Industry Growth Insights published a new data on “Smart License Plate Recognition Systems Market”. The research report is titled “Smart License Plate Recognition Systems Market research by Types (Mobile, Fixed, Portable), By Applications (Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Others), By Players/Companies Neology (3M), Siemens, Kapsch TrafficCom, Vivotek, ARH, GeoVision, Genetec, Tattile, Bosch Security Systems, NEXCOM, HTS, Elsag, TagMaster, Petards Group, NDI Recognition Systems, Shenzhen AnShiBao, ParkingEye Limited, AlertSystems, Euro Car Parks Limited (UK), CA Traffic, Vigilant Solutions(US), PaisAn”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart License Plate Recognition Systems Market Research Report
By Type
Mobile, Fixed, Portable
By Application
Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Others
By Companies
Neology (3M), Siemens, Kapsch TrafficCom, Vivotek, ARH, GeoVision, Genetec, Tattile, Bosch Security Systems, NEXCOM, HTS, Elsag, TagMaster, Petards Group, NDI Recognition Systems, Shenzhen AnShiBao, ParkingEye Limited, AlertSystems, Euro Car Parks Limited (UK), CA Traffic, Vigilant Solutions(US), PaisAn
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Smart License Plate Recognition Systems Market Report Segments:
The global Smart License Plate Recognition Systems market is segmented on the basis of:
Types
Mobile, Fixed, Portable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Neology (3M)
- Siemens
- Kapsch TrafficCom
- Vivotek
- ARH
- GeoVision
- Genetec
- Tattile
- Bosch Security Systems
- NEXCOM
- HTS
- Elsag
- TagMaster
- Petards Group
- NDI Recognition Systems
- Shenzhen AnShiBao
- ParkingEye Limited
- AlertSystems
- Euro Car Parks Limited (UK)
- CA Traffic
- Vigilant Solutions(US)
- PaisAn
Highlights of The Smart License Plate Recognition Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mobile
- Fixed
- Portable
- By Application:
- Traffic Management
- Law Enforcement
- Electronic Toll Collection
- Parking Management
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart License Plate Recognition Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart License Plate Recognition Systems (SLPRS) are a type of automated license plate recognition technology that uses cameras to capture images of license plates and automatically identify the registration number, make, and model of vehicles. SLPRS can be used in law enforcement applications to track vehicle movements or for security purposes at facilities such as airports or nuclear power plants.
Some of the major players in the smart license plate recognition systems market are Neology (3M), Siemens, Kapsch TrafficCom, Vivotek, ARH, GeoVision, Genetec, Tattile, Bosch Security Systems, NEXCOM, HTS, Elsag, TagMaster, Petards Group, NDI Recognition Systems, Shenzhen AnShiBao, ParkingEye Limited, AlertSystems, Euro Car Parks Limited (UK), CA Traffic, Vigilant Solutions(US), PaisAn.
The smart license plate recognition systems market is expected to register a CAGR of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart License Plate Recognition Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart License Plate Recognition Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart License Plate Recognition Systems Market - Supply Chain
4.5. Global Smart License Plate Recognition Systems Market Forecast
4.5.1. Smart License Plate Recognition Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart License Plate Recognition Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart License Plate Recognition Systems Market Absolute $ Opportunity
5. Global Smart License Plate Recognition Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart License Plate Recognition Systems Market Size and Volume Forecast by Type
5.3.1. Mobile
5.3.2. Fixed
5.3.3. Portable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart License Plate Recognition Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart License Plate Recognition Systems Market Size and Volume Forecast by Application
6.3.1. Traffic Management
6.3.2. Law Enforcement
6.3.3. Electronic Toll Collection
6.3.4. Parking Management
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart License Plate Recognition Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart License Plate Recognition Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart License Plate Recognition Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart License Plate Recognition Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart License Plate Recognition Systems Demand Share Forecast, 2019-2026
9. North America Smart License Plate Recognition Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart License Plate Recognition Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart License Plate Recognition Systems Market Size and Volume Forecast by Application
9.4.1. Traffic Management
9.4.2. Law Enforcement
9.4.3. Electronic Toll Collection
9.4.4. Parking Management
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart License Plate Recognition Systems Market Size and Volume Forecast by Type
9.7.1. Mobile
9.7.2. Fixed
9.7.3. Portable
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart License Plate Recognition Systems Demand Share Forecast, 2019-2026
10. Latin America Smart License Plate Recognition Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart License Plate Recognition Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart License Plate Recognition Systems Market Size and Volume Forecast by Application
10.4.1. Traffic Management
10.4.2. Law Enforcement
10.4.3. Electronic Toll Collection
10.4.4. Parking Management
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart License Plate Recognition Systems Market Size and Volume Forecast by Type
10.7.1. Mobile
10.7.2. Fixed
10.7.3. Portable
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart License Plate Recognition Systems Demand Share Forecast, 2019-2026
11. Europe Smart License Plate Recognition Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart License Plate Recognition Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart License Plate Recognition Systems Market Size and Volume Forecast by Application
11.4.1. Traffic Management
11.4.2. Law Enforcement
11.4.3. Electronic Toll Collection
11.4.4. Parking Management
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart License Plate Recognition Systems Market Size and Volume Forecast by Type
11.7.1. Mobile
11.7.2. Fixed
11.7.3. Portable
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart License Plate Recognition Systems Demand Share, 2019-2026
12. Asia Pacific Smart License Plate Recognition Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart License Plate Recognition Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart License Plate Recognition Systems Market Size and Volume Forecast by Application
12.4.1. Traffic Management
12.4.2. Law Enforcement
12.4.3. Electronic Toll Collection
12.4.4. Parking Management
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart License Plate Recognition Systems Market Size and Volume Forecast by Type
12.7.1. Mobile
12.7.2. Fixed
12.7.3. Portable
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart License Plate Recognition Systems Demand Share, 2019-2026
13. Middle East & Africa Smart License Plate Recognition Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart License Plate Recognition Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart License Plate Recognition Systems Market Size and Volume Forecast by Application
13.4.1. Traffic Management
13.4.2. Law Enforcement
13.4.3. Electronic Toll Collection
13.4.4. Parking Management
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart License Plate Recognition Systems Market Size and Volume Forecast by Type
13.7.1. Mobile
13.7.2. Fixed
13.7.3. Portable
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart License Plate Recognition Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart License Plate Recognition Systems Market: Market Share Analysis
14.2. Smart License Plate Recognition Systems Distributors and Customers
14.3. Smart License Plate Recognition Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Neology (3M)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kapsch TrafficCom
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Vivotek
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ARH
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. GeoVision
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Genetec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Tattile
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bosch Security Systems
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NEXCOM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. HTS
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Elsag
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. TagMaster
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Petards Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. NDI Recognition Systems
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shenzhen AnShiBao
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. ParkingEye Limited
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. AlertSystems
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Euro Car Parks Limited (UK)
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. CA Traffic
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
