Automated Plate Readers Market Revenue Driving Factors and Business Development Strategies, 2023

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 activities and presence of a robust medical infrastructure. Stringent regulations for using the device from an evaluation perspective, is likely to advance the use of plate readers in this region.

Asia-Pacific regions are most likely to gain a significant market growth due to rise in factors such as outsourcing, pharmaceutical manufacturing and higher demands. The key players profiled in automated plate readers market report are Aurora Biomed, Agilent Technologies, Hudson Robotics, Beckman Coulter, Synchron Lab Automation, Thermo Fisher Scientifics, Siemens Healthcare, Tecan Group Ltd, Perkinelmer, Roche Holding AG, Eppendorf AG and Shimadzu.

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