Global License Plate Recognition (LPR) Cameras market cagr 7.3%

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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 research reports indicate a growing demand for these systems due to their effectiveness in enhancing security and surveillance. The market size is estimated to be valued at $1.2 billion and is expected to witness significant growth in the coming years.

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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

The License Plate Recognition (LPR) Cameras Market is competitive with key players such as Neology, Siemens, Kapsch TrafficCom, ARH, GeoVision, Genetec, and others. These companies offer LPR cameras for security, traffic management, and parking applications, driving market growth. Some sales revenue figures:

- Siemens: $97 billion

- Bosch Security Systems: $14.4 billion - NDI Recognition Systems: $24.3 million

◍ Euro Car Parks Limited (UK)

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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

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