Factors and Key trends driving the Smart Electronic License Plate Market

A new non-contact automatic recognition technology underpins the smart electronic licence plate. The smart electronic licence plate was created using radio frequency identification (RFID) technology. The accuracy of RFID-based vehicle recognition is high, it is not easily affected by the environment, there is no blind area, and it can accurately and comprehensively obtain vehicle status information and road network traffic conditions.


Factors driving the expansion of the Global Smart Electronic License Plate Market include:

Vehicle registrations are increasing year on year, which is a key factor driving Smart Electronic License Plate Market growth. Consumer purchasing power and significant economic growth are driving up demand for passenger cars and commercial vehicles in emerging markets such as Brazil, China, and India.

Global Trends in the Smart Electronic License Plate Market

With the introduction of self-driving cars, the automotive industry has evolved. The licence plates are the only thing that has remained virtually unchanged over the last century. The licence plates, on the other hand, are undergoing a major transformation.


ReviverMx, for example, introduced the Reviver licence plate, which resembles a tablet. Smart electronic licence plates are wirelessly connected, allowing them to instantly update vehicle registration and eliminate the need for licence plate stickers. Smart electronic licence plates can also be set up to work with smart parking apps such as "Smart Parking" and "Get My Parking." With the help of the plate, tolls and parking fines can also be deducted from the vehicle owner's bank account instantly.

Regional Insights into the Global Smart Electronic License Plate Market

Smart electronic licence plates with an electronic screen and wireless connection are already in use in California and Arizona. Following the initial trial, the technology appears to be on its way to other parts of the United States, including Ohio, Georgia, Florida, Texas, and Arizona.

Reviver Auto, an auto technology company, is now selling its smart electronic licence plate in California, including a few in Los Angeles (L.A.). The plates are about the size of a standard plate, but they have the appearance of a tab.


Reviver Auto has previously signed licencing agreements in the United States to bring the smart electronic licence plate to roughly one-third of the country's driving population, including Arizona, Texas, and Florida, where it is already in use. The company has announced a new international agreement for a proof of concept programme of the smart electronic licence plate with the Dubai Road and Transit Authority, in collaboration with local distributor Team Target International.

Dubai is preparing to issue smart electronic licence plates. Seed Group, a Dubai-based investment firm, plans to roll out digital smart electronic licence plates throughout the region by the end of 2021. For the first time outside of the United States, Reviver's smart electronic licence plates, known as RPlate, will be introduced in Dubai. Furthermore, Seed Group is working to bring them to North Africa, South Africa, and Malta.


According to the India Brand Equity Foundation, Asia Pacific countries such as China, Japan, and India, for example, have the potential to be a large market for smart electronic licence plates. Furthermore, according to reports from the India Brand Equity Foundation, automobile sales in China reached 20 million units, the highest in the world, with 3.8 million and 4.2 million units sold in India and Japan, respectively.

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