Frost Radar™: Automatic Number Plate Recognition, 2023
Published on: 31-Aug-2023 | SKU: AU_2023_117

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Automatic number plate recognition (ANPR) is an emerging technology that enables the recognition of license plate characters, both alphanumeric and non-alphanumeric, from still images or video footage of vehicles. The ANPR system creates a searchable database that law enforcement agencies or private companies can later use to identify vehicles that pass through a specific entry/exit point.

ANPR systems consist of high-resolution day/night internet protocol cameras, a local processing unit, and artificial intelligence-based recognition algorithms that work together to recognize and digitize the license plate numbers of vehicles passing through. When a plate number is identified, the system checks against a database of known plates, catalogued from registered vehicles, stolen vehicles, vehicles with unpaid fines, or vehicles on law enforcement watchlists.

ANPR technology is used for access control in government, commercial, and residential buildings; monitoring the entry and exit of vehicles in multi-level car parking facilities and at shopping malls; electronic toll collection on highways; parking management; tracking stolen vehicles; identifying vehicles involved in crimes; and enforcing traffic laws in cities.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Automatic Number Plate Recognition 2023

  • Automatic Number Plate Recognition

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

Automatic number plate recognition (ANPR) is an emerging technology that enables the recognition of license plate characters, both alphanumeric and non-alphanumeric, from still images or video footage of vehicles. The ANPR system creates a searchable database that law enforcement agencies or private companies can later use to identify vehicles that pass through a specific entry/exit point. ANPR systems consist of high-resolution day/night internet protocol cameras, a local processing unit, and artificial intelligence-based recognition algorithms that work together to recognize and digitize the license plate numbers of vehicles passing through. When a plate number is identified, the system checks against a database of known plates, catalogued from registered vehicles, stolen vehicles, vehicles with unpaid fines, or vehicles on law enforcement watchlists. ANPR technology is used for access control in government, commercial, and residential buildings; monitoring the entry and exit of vehicles in multi-level car parking facilities and at shopping malls; electronic toll collection on highways; parking management; tracking stolen vehicles; identifying vehicles involved in crimes; and enforcing traffic laws in cities. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.
More Information
Deliverable Type Frost Radar
Author Himanshu Garg
Industries Electronics and Sensors
No Index No
Is Prebook No
Keyword 1 Anpr Market
Keyword 2 Automatic Number Plate Recognition
Keyword 3 License Plate Recognition
Podcast No
WIP Number PE6B-01-00-00-00

Frost Radar™: Automatic Number Plate Recognition, 2023

Electronics and SensorsFrost Radar™: Automatic Number Plate Recognition, 2023

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
31-Aug-2023
REGION
Global
Deliverable Type
Frost Radar
Research Code: PE6B-01-00-00-00
SKU: AU_2023_117
AvailableYesPDF Download
$4,950.00
In stock
SKU
AU_2023_117