Explore the Expanding ANPR Market: Insights & Trends
The Automatic Number Plate Recognition (ANPR) market is set to soar to USD 4.92 billion by 2030, with a CAGR of 7.68%. Driven by advancements in AI and IoT, ANPR systems play a crucial role in vehicle monitoring, security, and traffic management.
Key growth drivers include technological innovation and government investments in smart cities and road infrastructure. The Asia-Pacific region is leading this expansion, thanks to rapid urbanization and infrastructure projects. Major players like Kapsch TrafficCom, Siemens, and HikVision are leading the charge with cutting-edge solutions.
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