Automatic License Plate Recognition (ALPR) Systems
Market
Automatic License Plate Recognition (ALPR)
Systems Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Automatic License Plate Recognition (ALPR) Systems
Market Size and Growth
The Automatic License Plate Recognition (ALPR) Systems market is experiencing significant growth driven by increasing security needs and advancements in AI technology. The global market size is projected to reach approximately $3 billion by 2026, reflecting a robust compound annual growth rate (CAGR). Key applications include law enforcement and toll collection solutions.
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Companies Covered
(Covid 19 Impact Covered)
◍ Neology
◍ Siemens
◍ Elsag
◍ Kapsch TrafficCom
◍ ARH
◍ Genetec
◍ Bosch Security Systems
◍ NDI Recognition Systems
◍ Tattile
◍ Arvoo Imaging Products
◍ Shenzhen AnShiBao
◍ Petards Group
◍ Digital Recognition Systems
◍ CA Traffic
◍ Clearview Communications
◍ GeoVision
◍ NEXCOM
The Automatic License Plate Recognition (ALPR) Systems Market features key players like Neology, Siemens, and Genetec, enhancing traffic management and security. Companies such as Kapsch TrafficCom and Bosch offer advanced solutions, driving market growth. Overall, they contribute through innovative technologies and partnerships, improving efficiency and accuracy in ALPR applications.
- Neology: Approx. $60 million
- Siemens: Approx. $19 billion (total revenue)
- Genetec: Revenue not publicly disclosed but estimated in the hundreds of millions.
◍ HTS
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Market Segmentation
By Application
Traffic Management& Law Enforcement
Electronic Toll Collection
Car Park Management
Others
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By Product
Cameras
Hardware
Software & Services
Market Growth
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$ X Billion USD
