LPR Cameras Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global LPR camera market is projected to grow at a CAGR of 10.6% during the forecast period. This LPR camera is used to capture text and license plates from moving or stationary vehicles. An LPR camera consists of a built-in hardware and software system, where the hardware system represents the camera used to take the image and the software system is used to convert the image into alphanumeric characters. The remote control is used by the user to refocus the camera after a certain amount of time.

 

Key Players

 

  • Neology (3M)
  • Siemens
  • Kapsch TrafficCom
  • Vivotek
  • ARH
  • GeoVision
  • Bosch Security Systems
  • NEXCOM
  • NDI Recognition Systems
  • Shenzhen AnShiBao
  • ParkingEye Limited
  • AlertSystems

 

Market – Segmentation

Segments by Type

  • Mobile LPR Cameras
  • Fixed LPR Cameras
  • Portable LPR Cameras

 

Segments by Application

  • Traffic Management
  • Law Enforcement
  • Electronic Toll Collection
  • Parking Management
  • Others

 

Scope of the Report

 

The research study analyses the Global LPR Cameras Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

 

o Market Overview and growth analysis

o Import and Export Overview

o Volume Analysis

o Current Market Trends and Future Outlook

o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage 

 

  • North America Market Size and/or Volume
  • Latin America Market Size and/or Volume
  • Europe Market Size and/or Volume
  • Asia-Pacific Market Size and/or Volume
  • Rest of the world Market Size and/or Volume

 

Key Questions Answered by LPR Cameras Market Report

 

  1. What was theLPR Cameras Market size in 2020and 2021; what are the estimated growth trends and market forecast (2022-2028).
  2. What will be the CAGR of LPR Cameras Marketduring the forecast period (2022-2028)?
  3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
  4. Which manufacturer/vendor/players in theLPR Cameras Market was the market leader in 2021s?
  5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

The report will be delivered within 48-72 hours after payment confirmation