Automated Plate Readers Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“Automated plate reader market is driven by rise in
number of vehicles and increase in road accidents.
Automobile production and technological transformation
is likely to move the automated plate reader market to the
next level.”
The global automated plate readers market is anticipated to grow at a significant CAGR during the forecast
period. Automated plate readers are high-speed cameras that record the vehicle number when passing though.
Automated plate readers transfers the machine-readable data to a centralized server database. The purpose of
this device is to process the vehicle records as and when needed. Hence, it becomes easy for law enforcement
agencies to track down the vehicle details in no time in occurrence of any incident.
Automated plate reader market is driven by rise in number of vehicles and increase in road accidents.
Automobile production and technological transformation is likely to move the automated plate reader market
to the next level. In addition, the market stimulation factors are rise in traffic density in metro cities and
innovation in lighting technology. The demand for APR is high in the metro cities since the rate of accidents and
traffic violation is much higher.
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By type, market segment is categorized as fluorescence, absorbance, fluorescence polarization, light scattering,
luminescence and time-resolved fluorescence. Medical applications for the market is segmented as clinical
diagnostics, genomics, drug discovery, bio analysis and proteomics.
Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle
East and Africa. North America automated plate reader market is driven by the rise in merger and acquisition