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Automatic number plate recognition (ANPR) system is one of the advanced technologies which reads the vehicle registration number using optical character recognition. Since, modern vehicles require data for strong tracking, the importance of automatic number plate recognition system is immense in modern vehicles. It utilizes existing closed-circuit television, road rule enforcement cameras for its functioning. Automatic number plate recognition (ANPR) captures data from the number plate with the help of cameras, infrared lights, and algorithms. Moreover, automatic number plate recognition system is also utilized in toll collection on pay-per-use roads.
Increase in demand for traffic monitoring and controlling is majorly driving the automatic number plate recognition system market growth. Additionally, the automatic number plate recognition system is helpful in collecting data, tracing the vehicle location which is essential step toward autonomous vehicles. Besides, rising number of vehicle thefts is propelling the market growth. Moreover, the automatic number plate recognition system is utilized in toll collection and reducing the waiting time on toll plaza, thereby increasing the demand of market. However, inconsistency in design of number plates to construct better algorithms is hindering market growth. Furthermore, government compulsion for adoption of automatic number plate recognition system is proliferating the market growth.
The Automatic number plate recognition system market trends are as follows:
The manufacturers of automatic number plate recognition system are heavily focusing on development and innovating of the system. Portable automatic number plate recognition system is one of the latest innovations which has proved to be extremely effective to various governments to trace the vehicle easily. For instance, Hungary police uses automatic number plate recognition system to trace the vehicle speeds. Additionally, Merseyside Police car is equipped with mobile car.
Rising disposable income and urbanization has fueled the demand for automatic number plate recognition system. Additionally, governments like Australia, Belgium, Canada, Denmark, France, Germany, Hungary, Saudi Arabia, Sweden, Turkey, Ukraine, the U.K., the U.S.A. and India have enforced the utilization of automatic number plate recognition system by law. Police vehicles of governments like USA, England, Australia, Dubai etc. are equipped with automatic number plate recognition system. Additionally, the use of closed-circuit TV cameras and speed sensing cameras have been proliferated
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