Technology News & Trends

The global  automatic number plate recognition  (ANPR) market is characterized by a fairly fragmented vendor landscape, finds Transparency Market Research (TMR). Various players are increasingly focusing on introducing ANPR technologies and developing integrated systems to get a better foothold in the market. Several of these players are likely to focus on innovative optical character recognition techniques and image processing technology, in order to develop innovative products.  Top players operating in the global automatic number plate recognition market include Viion Systems Inc., Siemens AG, Genetec, Inc., Vigilant Solutions, Q-Free ASA, Vaxtor Technologies, Bosch Security Systems, Inc., ELSAG North America LLC, ARH, Inc., Digital Recognition Systems, Ltd., and NDI Recognition Systems LLC. The global automatic number plate recognition market stood at US$2013.5 million in 2016 and is projected to rise at a promising CAGR of 11.1% from 2017 to 2025. Expanding at ...

The global automatic number plate recognition (ANPR) market is characterized by a fairly fragmented vendor landscape, finds Transparency Market Research (TMR). Various players are increasingly focusing on introducing ANPR technologies and developing integrated systems to get a better foothold in the market. Several of these players are likely to focus on innovative optical character recognition techniques and image processing technology, in order to develop innovative products. TMR expects that the ANPR engine manufacturing segment to witness a markedly high level of competition. Furthermore, the global market features a remarkable rivalry between system integrators and component manufacturers. To get over mounting competitive pressure, a number of players are shifting their attention to countries such as Malaysia, India, China, and Philippines as part of their expansion strategy. Top players operating in the global automatic number plate recognition market include Viion Systems...