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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A vehicle-mounted identification device called an electronic license plate, sometimes known as a digital display license plate, produces a radio signal for the purpose of tracking and digital monitoring.
The idea is to replace conventional metal and plastic license plates with a variety of patents that include cutting-edge characteristics.
Beyond just serving as identification, electronic license plates may also have other features. Examples of its potential uses include information delivery, prepaid services, and enhanced security. An identification sign put on automobiles called a digital license plate generates a wireless signal that is utilized for tracking and digital monitoring services.
Numerous patents with cutting-edge features that aim to replace conventional metallic and plastic license plates have been published.
The Global Digital license plate market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The maker of the digital license plate, Reviver, has announced that owners of commercial vehicles in the state of Texas can now purchase its whole line of products.
In Texas, commercial enterprises have access to an expanding range of personalization, practicality, and security capabilities supplied via the digital plate. The launch of this product was made possible by legislative permission and tight coordination with the Texas Department of Motor Vehicles.
Texas has granted Reviver's digital license plates permission to be used on commercial cars, and they are authorized for usage on all roads in the US, Canada, and Mexico. Through R Fleet, which combines the R Plate, a tamper-proof digital license plate device with integrated telemetry features, and the R Fleet Software Dashboard, commercial fleet firms can access digital license plates.
A comprehensive set of telematics and safety features, automated vehicle registration and compliance, and other features specifically geared at enterprises managing vehicle fleets are all available through R Fleet.
The only completely digital registration renewal solution available in R Fleet. Fleet managers may renew all of their fleet's vehicle registrations in one location thanks to the elimination of physical tags and stickers. In Texas, not all of these services are presently completely accessible.
Neology, Inc., a top supplier of integrated solutions for tolling, electronic vehicle registration, and public safety applications, has purchased the tolling and automated license/number plate recognition businesses from 3M. Neology is a division of SMARTRAC, a portfolio company managed by middle-market private equity firm One Equity Partners.
Its tolling solutions include lane controller and host software, RFID readers and tags, automatic vehicle classification systems, back office software and services. Additionally, it offers services, software, and mobile and fixed cameras for automatic license plate identification.
In order to ensure that the city's buses run more efficiently, free from other cars, in bus-only lanes, Siemens Mobility was able to combine and adapt GPS, Geo-fencing, and ALPR (Automated License Plate Recognition) into a creative and significantly more effective solution.
This app has extensive video capabilities that record images, videos, and position data in addition to Siemens Mobility's Lane Watch cameras that record license plate details of vehicles that block bus lanes.
The next-generation mobile ALPR (automatic license plate recognition) system will be unveiled by Genetec Inc., a top provider of unified security, public safety, operations, and business intelligence software.
The new Genetec Auto Vu SharpZ3 is one of the first specialized in-vehicle ALPR systems in the world to employ Intel's most recent deep learning and computer vision technologies. It is powered by Intel Modius Myriad X VPU (Vision Processing Unit).
The Auto Vu SharpZ3 system's deep learning capabilities will allow for higher levels of innovation in in-vehicle analytics, situational awareness, and accuracy. The Auto Vu SharpZ3 technology will be able to rapidly identify other statistics like vehicle type, color, and more in addition to being able to scan license plates more accurately in challenging conditions.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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