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.

COVID-19 scenario analysis:
COVID-19 outbreak has led to downward economic progression.
The sales of new vehicles have reduced significantly due to lockdown imposed and decreased consumer purchasing power.
However, the market of cost-effective bikes is expected to grow during this pandemic as people won’t commute by public vehicles.
With majority of governments mandating the adoption of automatic number plate recognition system in new vehicles, the market will grow with increasing sales of new vehicles.
Besides, with recession due to the pandemic, the vehicle theft will increase. Moreover, this will increase the automatic number plate recognition system market growth to track and secure vehicle.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-toc-and-sample/9486

The Automatic number plate recognition system market trends are as follows:

Portable automatic number plate recognition system
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.

Government fueling market demand
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

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧g : https://www.alliedmarketresearch.com/purchase-enquiry/9486

Key benefits of the report:

This study presents the analytical depiction of the automatic number plate recognition system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of market share.
The current market is quantitatively analyzed to highlight the automatic number plate recognition system market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years.

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