SMART ELECTRONIC LICENSE PLATE MARKET ANALYSIS

Smart Electronic License Plate MarketSize and Trends

Global Smart Electronic License Plate Market: Global Trends

The automotive industry has evolved with the launch of autonomous vehicles. The only element that has remained almost unchanged over the last century is the license plates. However, the license plates are undergoing a major transformation.

Companies such as ReviverMx launched Reviver license plate, which has the appearance of a tablet. Smart electronic license plate has wireless connectivity, which can instantly update the vehicle registration and which would make updating of license plate stickers obsolete. Smart electronic license plate can also be programmed to connect with smart parking apps such as “Smart Parking” and “Get My Parking”. Services such as tolls and parking fines can also be instantly deducted from the vehicle owner’s bank account with the help of the plate.