According to Cognitive Market Research, the global ALPR & ANPR Cameras market size is USD 1.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 11.50% from 2023 to 2030.
The demand for ALPR & ANPR Cameras is rising due to the rising number of vehicles on the roads.
Demand for mobile type remains higher in the ALPR & ANPR Cameras market.
The parking lots entrance or exit category held the highest ALPR & ANPR Cameras market revenue share in 2023.
North American ALPR & ANPR Cameras will continue to lead, whereas the European ALPR & ANPR Cameras market will experience the most substantial growth until 2030.
