License Plate Recognition (LPR) Cameras Market
License Plate Recognition (LPR) Cameras Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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License Plate Recognition (LPR) Cameras Market Size and Growth
The License Plate Recognition (LPR) Cameras market is experiencing robust growth, driven by increasing demand for security and traffic management solutions. The market size is projected to reach approximately $4 billion by 2025, reflecting a compound annual growth rate (CAGR) of around 10%, influenced by technological advancements and urbanization trends. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Neology
◍ Siemens
◍ Kapsch TrafficCom
◍ 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)
The License Plate Recognition (LPR) Cameras Market features key players like Neology, Siemens, and Genetec, which enhance traffic management and security. Companies deploy LPR for various applications, driving market growth. Sales revenue for major players includes Siemens (approx. $60 billion), Bosch Security Systems (part of Bosch Group, ~$90 billion), and Genetec (private, revenue undisclosed).
Market Segmentation
By Application
By Product
◍ Mobile LPR Camera
Portable LPR Camera ◍ Traffic Management ◍ Law Enforcement
◍ Electronic Toll Collection ◍ Parking Management ◍ Others
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Fixed LPR Camera
Market Growth
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$ X Billion USD
