Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.86 Billion | USD 9.53 Billion | 9.47% | 2024 |
FrequentlyAsked Questions
ANPR is the acronym for automatic number plate recognition.
The global anpr system market is expected to grow due to Increasing needs for enhanced security and surveillance, efficient traffic management, automated toll collection, and growth in smart city initiatives are significant factors driving the global ANPR System Market.
According to a study, the global anpr system market size was worth around USD 3.86 Billion in 2024 and is expected to reach USD 9.53 Billion by 2034.
The global anpr system market is expected to grow at a CAGR of 9.47% during the forecast period.
Europe is expected to dominate the anpr system market over the forecast period.
Leading players in the global anpr system market include Q-Free ASA, Genetec Inc., Honeywell Automation India, Kapsch TrafficCom, TagMaster, Siemens AG, Conduent Inc., Axis Communication, ARH Incorporation, Bosch Security Systems, Digital Recognition Systems Ltd, ELSAG North America LLC, HikVision, among others.
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