Automatic Number Plate Recognition (ANPR) Market Report 2025
The Global Automatic Number Plate Recognition market is expected to grow from US$ 669.17 Mn in 2017 to US$ 1,654.35 Mn by 2025 at a CAGR of 12.0% between 2017 and 2025.
The automatic number plate recognition market is expected to exhibit high growth in near future across the globe, some of the major driving factors contributing the growth are rising acceptance of smart parking concept in developed as well as developing countries and infrastructure growth in emerging countries. However, development of shared platform for exchange of data from distinct sources and technological advancements some of future trends of automatic number plate recognition market during the forecast period.
Market Insights
Security & Surveillance Application Segment is gaining traction globally
The emergence of Automatic Number Plate Recognition concept was mainly focused upon monitoring the vehicles. Various countries of the world face crimes of several types and vehicular based crimes were on the rise due to ease of escape through vehicles. Curbing of such crimes had become necessary and hence the use of ANPR systems integrated into the security systems have proved to be of great use. Also, Governments around the world have laid down various regulations regarding the speed limits and car ownerships with a view to control traffic congestion problems and air pollution problems especially in metropolitan areas. Thus, keeping a check on these regulations is well supported with the use of ANPR cameras and as a result their market is witnessing traction in adoptions.
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Automatic Number Plate Recognition (ANPR) Market: Strategic Insights
Market Size Value in US$ 669.17 Million in 2017 Market Size Value by US$ 1,654.35 Million by 2025 Growth rate CAGR of 12.0% from 2017 to 2025 Forecast Period 2017-2025 Base Year 2017
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Automatic Number Plate Recognition (ANPR) Market: Strategic Insights
| Market Size Value in | US$ 669.17 Million in 2017 |
| Market Size Value by | US$ 1,654.35 Million by 2025 |
| Growth rate | CAGR of 12.0% from 2017 to 2025 |
| Forecast Period | 2017-2025 |
| Base Year | 2017 |
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Automatic Number Plate Recognition Market Expected to Flourish in APAC
The Asia Pacific region comprises of several developing countries such as China, Japan, South Korea, and India are witnessing a high growth in their population, further generating high demands for better civic amenities in the region. The automatic number plate recognition market in Asia Pacific has been witnessing significant growth owing to rising use of connected devices and industrialization. Australia leads the automatic number plate recognition system deployments whereas, China, South Korea accounted for second largest share of automatic number plate recognition market in terms of revenue in APAC region with plenty of smart initiatives being taken in the ANPR & ITS industry. These factors are anticipated to further propel the demand for automatic number plate recognition in APAC region.
New product development was observed as the most adopted strategy in global automatic number plate recognition market. Few of the recent strategies by some of the players in automatic number plate recognition market landscape are listed below:
2017:The 3M company unveiled ‘revolutionary’ ANPR camera
2017:Siemens completed deployment of permanent average speed enforcement system across London.
2017:Q-Free is engaged in its third Australian Cooperative ITS (C-ITS) project, with the Queensland Department of Transport and Main Roads (TMR).
2017:Q-Free’s Intrada Automatic Licence Plate Recognition (ALPR) technology is certified to work with software from US company C2P.
Automatic Number Plate Recognition (ANPR) Market Report Scope
Global Automatic Number Plate Recognition – Market Segmentation
By Application
By Application
- Vehicle Parking
- Traffic Management
- Security & Surveillance
- Toll Enforcement
By System Type
- Mobile
- Portable ANPR
- Fixed ANPR
By End-user
- Government
- Commercial
By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- U.K
Asia Pacific (APAC)
- Japan
- China
- India
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- UAE
South America (SAM)
- Brazil
Company Profiles
- 3m Company
- ARH, Inc.
- COBAN Technologies, Inc.
- Digital Recognition Systems, Ltd.
- Genetec, Inc.
- Jenoptik AG
- Q-Free ASA
- Siemens AG
- Tattile S.R.L
- Vigilant Solutions
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application , System Type and End-Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Table of Contents
1.1 List of Tables 9
1.2 List of Figures 11
2 Introduction 15
2.1 Scope of the Study 15
2.2 The Insight Partners Research Report Guidance 15
3 Key Takeaways 17
4 Automatic Number Plate Recognition Market Landscape 20
4.1 Market Overview 20
4.2 Market Segmentation 21
4.2.1 Global Automatic Number Plate Recognition Market - By Application 22
4.2.2 Global Automatic Number Plate Recognition Market - By System Types 23
4.2.3 Global Automatic Number Plate Recognition Market - By End-user 23
4.2.4 Global Automatic Number Plate Recognition Market - By Geography 23
4.3 PEST Analysis 25
4.3.1 North America PEST Analysis 25
4.3.2 Europe PEST Analysis 27
4.3.3 Asia Pacific PEST Analysis 30
4.3.4 Middle East & Africa PEST Analysis 33
4.3.5 South America PEST Analysis 36
5 Global ANPR Market - Key Industry Dynamics 39
5.1 Key Market Drivers 39
5.1.1 Rising acceptance of smart parking concept worldwide 39
5.1.2 Reinforcing infrastructure growth in developing economies 39
5.1.3 Rising concern regarding security & surveillance, and traffic enforcement application 40
5.2 Key Market Restraints 41
5.2.1 Misinterpretation of ambiguous characters on number plate 41
5.2.2 Inconsistencies in number plates around the globe 41
5.3 Key Market Opporunities 42
5.3.1 Increasing technological development 42
5.4 Future Trends 43
5.4.1 The portable ANPR system 43
5.5 Impact Analysis of Drivers and Restraints 44
6 Automatic Number Plate Recognition Market - Global 45
6.1 Global Automatic Number Plate Recognition Market Overview 45
6.2 Global Automatic Number Plate Recognition Market Forecast and Analysis 46
7 Global Automatic Number Plate Recognition Market Analysis - By Application 47
7.1 Overview 47
7.2 Vehicle Parking 48
7.2.1 Overview 48
7.2.2 Global Vehicle Parking Market Revenue and Forecasts to 2025 (US$ Mn) 49
7.3 Traffic Management 50
7.3.1 Overview 50
7.3.2 Traffic Management Market Revenue and Forecasts to 2025 (US$ Mn) 50
7.4 Security & Surveillance 52
7.4.1 Overview 52
7.4.2 Security & Surveillance Market Revenue and Forecasts to 2025 (US$ Mn) 52
7.5 Toll Enforcement 53
7.5.1 Overview 53
7.5.2 Toll Enforcement Market Revenue and Forecasts to 2025 (US$ Mn) 53
8 Global Automatic Number Plate Recognition Market Analysis - By System Type 54
8.1 Overview 54
8.2 Mobile 55
8.2.1 Overview 55
8.2.2 Global Mobile Market Revenue and Forecasts to 2025 (US$ Mn) 55
8.3 Portable ANPR 57
8.3.1 Overview 57
8.3.2 Global Portable ANPR Market Revenue and Forecasts to 2025 (US$ Mn) 57
8.4 Fixed ANPR 59
8.4.1 Overview 59
8.4.2 Global Fixed ANPR Market Revenue and Forecasts to 2025 (US$ Mn) 59
9 Global Automatic Number Plate Recognition Market Analysis - By End-user 61
9.1 Overview 61
9.2 Government 62
9.2.1 Overview 62
9.2.2 Global Government Market Revenue and Forecasts to 2025 (US$ Mn) 62
9.3 Commercial 64
9.3.1 Overview 64
9.3.2 Global Commercial Market Revenue and Forecasts to 2025 (US$ Mn) 64
10 Global Automatic Number Plate Recognition Market - Geographical Analysis 66
10.1 Overview 66
10.2 North America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 67
10.2.1 Overview 67
10.2.2 North America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 69
10.2.3 North America Automatic Number Plate Recognition Market Breakdown by Key Countries 70
10.2.3.1 US Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 71
10.2.3.2 Canada Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 72
10.2.3.3 Mexico Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 73
10.2.4 North America Automatic Number Plate Recognition Market Breakdown by Application 74
10.2.5 North America Automatic Number Plate Recognition Market Breakdown by System Type 75
10.2.6 North America Automatic Number Plate Recognition Market Breakdown by End-user 77
10.3 Europe Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 79
10.3.1 Overview 79
10.3.2 Europe Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 79
10.3.3 Europe Automatic Number Plate Recognition Market Breakdown by Key Countries 81
10.3.3.1 France Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 82
10.3.3.2 Germany Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 83
10.3.3.3 Italy Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 84
10.3.3.4 Spain Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 85
10.3.3.5 UK Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 86
10.3.4 Europe Automatic Number Plate Recognition Market Breakdown by Application 87
10.3.5 Europe Automatic Number Plate Recognition Market Breakdown by System Type 88
10.3.6 Europe Automatic Number Plate Recognition Market Breakdown by End-user 90
10.4 Asia Pacific (APAC) Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 92
10.4.1 Overview 92
10.4.2 Asia Pacific Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 93
10.4.3 Asia Pacific Automatic Number Plate Recognition Market Breakdown by Countries 94
10.4.3.1 China Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 95
10.4.3.2 India Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 97
10.4.3.3 Japan Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 98
10.4.3.4 Rest of APAC Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 99
10.4.4 Asia Pacific Automatic Number Plate Recognition Market Breakdown by Application 100
10.4.5 Asia Pacific Automatic Number Plate Recognition Market Breakdown by System Type 102
10.4.6 Asia Pacific Automatic Number Plate Recognition Market Breakdown by End-user 103
10.5 Middle East & Africa (MEA) Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 105
10.5.1 Overview 105
10.5.2 Middle East & Africa Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 105
10.5.3 Middle East & Africa Automatic Number Plate Recognition Market Breakdown by Key Countries 107
10.5.3.1 Saudi Arabia Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 108
10.5.3.2 UAE Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 109
10.5.3.3 South Africa Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 110
10.5.4 Middle East & Africa Automatic Number Plate Recognition Market Breakdown by Application 111
10.5.5 Middle East & Africa Automatic Number Plate Recognition Market Breakdown by System Type 112
10.5.6 Middle East & Africa Automatic Number Plate Recognition Market Breakdown by End-user 113
10.6 South America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 115
10.6.1 Overview 115
10.6.2 South America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 116
10.6.3 South America Automatic Number Plate Recognition Market Breakdown by Key Countries 117
10.6.3.1 Brazil Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 118
10.6.4 South America Automatic Number Plate Recognition Market Breakdown by Application 119
10.6.5 South America Automatic Number Plate Recognition Market Breakdown by System Type 120
10.6.6 South America Automatic Number Plate Recognition Market Breakdown by End-user 121
11 Industry Landscape 123
11.1 Market Initative 123
11.2 Merger and Acquisition 124
11.3 New Development 125
12 Competitive Landscape 126
12.1 Competitive Product Mapping 126
12.2 Market Positioning 127
13 Global Automatic Number Plate Recognition Market - Key Company Profiles 128
13.1. 3M Company 128
13.1.1 Key Facts 128
13.1.2 Business Description 128
13.1.3 Financial Overview 129
13.1.4 SWOT Analysis 130
13.1.5 Key Developments 132
13.2. ARH, Inc. 133
13.2.1 Key Facts 133
13.2.2 Business Description 133
13.2.3 Financial Overview 134
13.2.4 SWOT Analysis 134
13.2.5 Key Developments 136
13.3. COBAN Technologies, Inc. 137
13.3.1 Key Facts 137
13.3.2 Business Description 137
13.3.3 Financial Overview 137
13.3.4 SWOT Analysis 138
13.3.5 Key Developments 140
13.4. Digital Recognition Systems, Ltd. 141
13.4.1. Key Facts 141
13.4.2. Business Description 141
13.4.3. Financial Overview 141
13.4.4. SWOT Analysis 142
13.4.5. Key Developments 143
13.5. Genetec, Inc. 144
13.5.1. Key Facts 144
13.5.2. Business Description 144
13.5.3. Financial Overview 145
13.5.4. SWOT Analysis 145
13.5.5. Key Developments 146
13.6. Jenoptik AG 148
13.6.1 Key Facts 148
13.6.2 Business Description 148
13.6.3 Financial Overview 149
13.6.4 SWOT Analysis 150
13.6.5 Key Developments 152
13.7. Q-Free ASA 153
13.7.1 Key Facts 153
13.7.2 Business Description 153
13.7.3 Financial Overview 154
13.7.4 SWOT Analysis 155
13.7.5 Key Developments 157
13.8. Siemens AG 159
13.8.1 Key Facts 159
13.8.2 Business Description 159
13.8.3 Financial Overview 160
13.8.4 SWOT Analysis 161
13.8.5 Key Developments 163
13.9. Tattile s.r.l. 164
13.9.1 Key Facts 164
13.9.2 Business Description 164
13.9.3 Financial Overview 165
13.9.4 SWOT Analysis 165
13.9.5 Key Developments 167
13.10. Vigilant Solutions 168
13.10.1. Key Facts 168
13.10.2. Business Description 168
13.10.3. Financial Overview 168
13.10.4. SWOT Analysis 169
13.10.5. Key Developments 170
14 Appendix 172
14.1 About The Insight Partners 172
14.2 Glossary of Terms 173
14.3 Methodology 175
14.3.1 Coverage 175
14.3.2 Secondary Research 175
14.3.3 Primary Research 176
14.4 Contact Us 177
14.5 Disclaimer 177
List of Tables
Table 1: Global Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 46
Table 2: North America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 74
Table 3: North America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By System Type (US$ Mn) 76
Table 4: North America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By End-user (US$ Mn) 78
Table 5: Europe Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 87
Table 6: Europe Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By System Type (US$ Mn) 89
Table 7: Europe Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By End-user (US$ Mn) 90
Table 8: Asia Pacific Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 101
Table 9: Asia Pacific Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By System Type (US$ Mn) 102
Table 10: Asia Pacific Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By End-user (US$ Mn) 103
Table 11: Middle East & Africa Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 111
Table 12: Middle East & Africa Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By System Type (US$ Mn) 113
Table 13: Middle East & Africa Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By End-user (US$ Mn) 114
Table 14: South America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By Application (US$ Mn) 119
Table 15: South America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By System Type (US$ Mn) 121
Table 16: South America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 - By End-user (US$ Mn) 122
Table 17: Glossary of Terms, Automatic Number Plate Recognition Market 173
List of Figures
Figure 1: Automatic Number Plate Recognition, Global Revenue (US$ Mn), 2016 & 2025 17
Figure 2: APAC Automatic Number Plate Recognition Market, Global Revenue (US$ Mn), 2016 & 2025 19
Figure 3: Automatic Number Plate Recognition Market Segmentation 21
Figure 4: Automatic Number Plate Recognition Market Segmentation 22
Figure 5: North America PEST Analysis 25
Figure 6: Europe PEST Analysis 27
Figure 7: APAC PEST Analysis 30
Figure 8: MEA PEST Analysis 33
Figure 9: SAM PEST Analysis 36
Figure 10: ANPR Market Impact Analysis of Driver and Restraints 44
Figure 11: Global Automatic Number Plate Recognition Market Breakdown By Application, 2016 & 2025 (%) 47
Figure 12: Vehicle Parking Market Revenue and Forecasts to 2025 (US$ Mn) 49
Figure 13: Traffic Management Market Revenue and Forecasts to 2025 (US$ Mn) 51
Figure 14: Security & Surveillance Market Revenue and Forecasts to 2025 (US$ Mn) 52
Figure 15: Toll Enforcement Market Revenue and Forecasts to 2025 (US$ Mn) 53
Figure 16: Global Automatic Number Plate Recognition Market Breakdown By System Type, 2016 & 2025 (%) 54
Figure 17: Global Mobile Market Revenue and Forecasts to 2025 (US$ Mn) 56
Figure 18: Global Portable ANPR Market Revenue and Forecasts to 2025 (US$ Mn) 58
Figure 19: Global Fixed ANPR Market Revenue and Forecasts to 2025 (US$ Mn) 60
Figure 20: Global Automatic Number Plate Recognition Market Breakdown By End-user, 2016 & 2025 (%) 61
Figure 21: Global Government Market Revenue and Forecasts to 2025 (US$ Mn) 63
Figure 22: Global Commercial Market Revenue and Forecasts to 2025 (US$ Mn) 65
Figure 23: Automatic Number Plate Recognition Market, Global Breakdown by Regions, 2016 & 2025 (%) 66
Figure 24: North America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 69
Figure 25: North America Automatic Number Plate Recognition Market Breakdown by Key Countries, 2016 & 2025 (%) 70
Figure 26: US Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 71
Figure 27: Canada Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 72
Figure 28: Mexico Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 73
Figure 29: North America Automatic Number Plate Recognition Market Breakdown by Application, 2016 & 2025 (%) 74
Figure 30: North America Automatic Number Plate Recognition Market Breakdown by System Type, 2016 & 2025 (%) 75
Figure 31: North America Automatic Number Plate Recognition Market Breakdown by End-user, 2016 & 2025 (%) 77
Figure 32: Europe Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 80
Figure 33: Europe Automatic Number Plate Recognition Market Breakdown by Key Countries, 2016 & 2025 (%) 81
Figure 34: France Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 82
Figure 35: Germany Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 83
Figure 36: Italy Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 84
Figure 37: Spain Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 85
Figure 38: UK Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 86
Figure 39: Europe Automatic Number Plate Recognition Market Breakdown by Application, 2016 & 2025 (%) 87
Figure 40: Europe Automatic Number Plate Recognition Market Breakdown by System Type, 2016 & 2025 (%) 88
Figure 41: Europe Automatic Number Plate Recognition Market Breakdown by End-user, 2016 & 2025 (%) 90
Figure 42: Asia Pacific Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 94
Figure 43: Asia Pacific Automatic Number Plate Recognition Market Breakdown by Key Countries, 2016 & 2025 (%) 95
Figure 44: China Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 95
Figure 45: India Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 97
Figure 46: Japan Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 98
Figure 47: Rest of APAC Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 99
Figure 48: Asia Pacific Automatic Number Plate Recognition Market Breakdown by Application, 2016 & 2025 (%) 100
Figure 49: Asia Pacific Automatic Number Plate Recognition Market Breakdown by System Type, 2016 & 2025 (%) 102
Figure 50: Asia Pacific Automatic Number Plate Recognition Market Breakdown By End-user, 2016 & 2025 (%) 103
Figure 51: Middle East & Africa Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 106
Figure 52: Middle East & Africa Automatic Number Plate Recognition Market Breakdown by Key Countries, 2016 & 2025 (%) 107
Figure 53: Saudi Arabia Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 108
Figure 54: UAE Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 109
Figure 55: South Africa Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 110
Figure 56: Middle East & Africa Automatic Number Plate Recognition Market Breakdown by Application, 2016 & 2025 (%) 111
Figure 57: Middle East & Africa Automatic Number Plate Recognition Market Breakdown by System Application, 2016 & 2025 (%) 112
Figure 58: Middle East & Africa Automatic Number Plate Recognition Market Breakdown by End-user, 2016 & 2025 (%) 113
Figure 59: South America Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 116
Figure 60: South America Automatic Number Plate Recognition Market Breakdown by Key Countries, 2016 & 2025 (%) 117
Figure 61: Brazil Automatic Number Plate Recognition Market Revenue and Forecasts to 2025 (US$ Mn) 118
Figure 62: South America Automatic Number Plate Recognition Market Breakdown by Application, 2016 & 2025 (%) 119
Figure 63: South America Automatic Number Plate Recognition Market Breakdown by System Type, 2016 & 2025 (%) 120
Figure 64: South America Automatic Number Plate Recognition Market Breakdown by End-user, 2016 & 2025 (%) 121
Figure 65: Ball Valve Market Competitive Product Mapping 126
The List of Companies
1. 3m Company
2. ARH, Inc.
3. COBAN Technologies, Inc.
4. Digital Recognition Systems, Ltd.
5. Genetec, Inc.
6. Jenoptik AG
7. Q-Free ASA
8. Siemens AG
9. Tattile S.R.L
10. Vigilant Solutions
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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Adaptive Traffic Control System Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Hardware, Software, and Services), Component (OPAC, SCOOT, RHODES, and SCATS), and Application [Highways and Urban (Cities)] and Geography
Aug 2017
3D Audio Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services) and End Use Industries (Consumer Electronics, Automotive, Media and Entertainment, Gaming, and Others)
Aug 2017
Data Center Cooling Fans Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Axial Fans, Centrifugal Fans, Mixed Flow Fans, and Others), Data Center Type (Hyperscale Data Center, Colocation Data Center, Wholesale Data Center, Enterprise Data Center, and Edge Data Center), and Geography
Aug 2017
Chillers Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Chiller Technology (Air-Cooled, Water-Cooled, and Steam-Fired), Technology (Process Chillers, Scroll Chillers, Screw Chillers, Centrifugal Chillers, Absorption Chillers, Modular Chillers, and Reverse Cycle Chillers), and Application (Commercial, Industrial, and Residential) and Geography
Aug 2017
Valve Actuator Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By End-user (Mining, LNG, Chemical, Oil and Gas, Water and Wastewater, Others), Product Type (Electrical, Manual, Hydraulic, Pneumatic), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America)
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