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Recreational Oxygen Equipment Market Size Is Projected To Reach $3.0 Billion By 2025 Scrutinized In The New Analysis | Grand View Research, Inc.

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Recreational Oxygen Equipment Market Size Is Projected To Reach $3.0 Billion By 2025 Scrutinized In The New Analysis | Grand View Research, Inc.

March 22
10:51 2021
Recreational Oxygen Equipment Market Size Is Projected To Reach $3.0 Billion By 2025 Scrutinized In The New Analysis | Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a recent report published by Grand View Research Inc., deployment of ANPR systems in traffic enforcement and security & surveillance applications, infrastructure growth in the emerging countries, increasing allocation of funds for infrastructure development have driven the market. The outbreak of Covid-19 has resulted in a slump in automotive product demand, but the market is set to experience significant growth in the coming years.

The global automatic number plate recognition system market size is expected to reach USD 3.0 billion by 2025, registering a CAGR of 6.8% during the forecast period. Advancements in traffic monitoring technologies have resulted in the development of mass surveillance technology that can capture vehicle images and identify the license number. In addition, it facilitates the detection of stolen or lost vehicles.

The Covid-19 pandemic has largely impacted the market growth, causing uncertainty in the automotive sector. Despite the current market scenario, prominent breakthroughs were made in the past few months. For instance, the first clean air zone in England was launched in March 2021 to prosecute commercial vehicles that do not meet the necessary emission standards. On 12th March 2021, a new parking technology using the ANPR system was introduced at Ipswich Hospital to allow visitors and patients to park more conveniently for everyone to park. 

Automatic Number Plate Recognition System Market Report Highlights

 Based on type, fixed systems was the leading segment in 2018, accounting for the higher revenue share. This growth is factored by the high product demand by traffic police/personnel and other defense forces

Based on component, hardware segment dominated the market in 2018 and the emergence of IoT has enabled the rapid integration of hardware systems into cloud-based software solutions

Based on application, the traffic management segment accounted for the highest revenue share in 2018 and is expected to grow at a fast pace over the forecast period. The traffic management systems help improve the traffic flow through information exchange

Based on region, North America maintained the dominant position in 2018 due to the rapid digitalization of traffic monitoring devices on bridges, highways, and tunnels.

Get Sample Copy Of This Report @ https://www.grandviewresearch.com/industry-analysis/automatic-number-plate-recognition-systems-market/request/rs1

Automatic Number Plate Recognition System Market Segmentation

Grand View Research has segmented the global ANPR system market based on type, component, application, end use, and region:

Automatic Number Plate Recognition System Type Outlook (Revenue, USD Million, 2014 – 2025)

     Fixed ANPR Systems
     Portable ANPR Systems

Automatic Number Plate Recognition System Component Outlook (Revenue, USD Million, 2014 – 2025)

     Hardware
        • ANPR Computer/Processor
        • Camera
        • Frame Grabber
        • Relay Cards
        • Others
    • Software
    Service
        • Installation & Deployment
        • Training & Consulting
        • Testing Service

Automatic Number Plate Recognition System Application Outlook (Revenue, USD Million, 2014 – 2025)

     Security & Surveillance
     Toll Management
     Parking Management
     Traffic Management
     Others

Automatic Number Plate Recognition System End-use Outlook (Revenue, USD Million, 2014 – 2025)

     Government
     Commercial

Automatic Number Plate Recognition System Region Outlook (Revenue, USD Million, 2014 – 2025)

     North America
        • The U.S.
        • Canada
    • Europe
        • Germany
        • The U.K.
    Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Mexico
        • Brazil
    • Middle East & Africa

List of Key Players of Automatic Number Plate Recognition System Market

    • Robert Bosch GmbH
    • Siemens
    • ARH, Inc.
    • Axis Communications AB
    • Kapsch Group
    • Genetec Inc.
    • NDI Recognition Systems Ltd.
    • VAXTOR TECHNOLOGIES
    • Tattile Srl
    • Selex ES Inc.

Have Any Query? Speak To Analyst @ https://www.grandviewresearch.com/inquiry/6961/ibb

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About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/automatic-number-plate-recognition-systems-market


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