( PR4US.com | Press Release | 2016-12-22 23:18:04 )
According to this market research, the electronic toll collection system market, in terms of value, is estimated to grow at $8.65 Billion by 2020 and CAGR of 10.93% between 2015 and 2020. This report includes an in-depth analysis of the technology type, applications, and geography.
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"Electronic Toll Collection System Market by Type (ETC and AET), Product (AVI and AVC), Technology (RFID, DSRC, Video Analytics, and GNSS/GPS), Application (Highway and Urban) and Geography - Analysis & Forecast (2014-2020)"
Electronic toll collection is a cashless tolling system which is increasingly being adopted on highways and urban areas. This system helps to efficiently manage the traffic on highly congested areas and also facilitates the tolling collection process by using the latest technological solutions, such as the RFID, GPS/GNSS technology, DSRC, and video analytics. The governments of different countries are formulating the standards and regulations for the electronic toll collection system market. The value chain of the electronic toll collection system includes the equipment/technology suppliers, original equipment manufacturers, system integrators, and operators.
The advantages provided by the electronic toll collection system include reduced driving time, avoiding congestion at toll plazas, and ensuring convenience of vehicle drivers and toll operators. Electronic toll collection systems are mainly used on highways, and urban areas.
This report describes the market trends, drivers, and challenges with respect to the electronic toll collection system market, and forecasts the market up to 2020. It gives a detailed view of the market across the four geographies, namely, North America, Europe, APAC, and RoW. North America and Europe are the largest regions in terms of the market value. APAC has been identified as the fastest-growing region for this market, with India leading the way. The RoW is also among the major regions driving the growth of this market. The report profiles the 10 most promising players in the electronic toll collection system market.
The competitive landscape of the market represents how several market players from different phases of the electronic toll collection system value chain are operating together. The market is witnessing large scale collaborations and partnerships across the value chain, among a considerable number of tier-one players around the globe.
The major players in this market include 3M (U.S.), Kapsch TrafficCom AG (Austria), EFKON AG (Austria), Schneider Electric SE (France), Siemens AG (Germany), Cubic Transportation Systems, Inc. (U.S.), Xerox Corporation (U.S.), Thales Group ( France), Q-Free (Norway), and TransCore LP (U.S.).
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