Electrical Industry Today
Global Electronic Toll Collection Market, Top key players are Kapsch Group ,Thales Group ,Toshiba Corporation ,Raytheon ,Conduent LLC ,Siemens AG ,TransCore LP ,Cubic Transportation ,Perceptics LLC ,EFKON GmbH
Global Electronic Toll Collection Market is valued approximately USD 7.62 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 10.12% over the forecast period 2019-2026.
Published 28 June 2019
Global Electronic Toll Collection Market Size study, by Subsystem (Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, Transaction Processing), by Technology (Radio Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), Infrared, GNSS & GPS, Video Analytics), by Application (Urban, Highways) and Regional Forecasts 2019-2026
An electronic toll collection system is an electronic charging toll machine which charges a toll to an existing customer account as it can determine whether the passing vehicle is registered or not registered within the system. It further generates an alert to the local highway patrol if the vehicle is not registered. This system allows the owner to pass through the toll booths without stopping the vehicle in between the road thereby reducing traffic congestions due to manual operations. Thus, the electronic toll collection system is a feasible solution to reduce pollution and an alternative to maintain the highway lanes during the rush hours, or during any ongoing maintenance activities.
Growing demand for safety and efficiency in transportation infrastructure is one of the major factors responsible for high CAGR of the market. Increasing investment opportunities in economically and technologically developing countries and rising number of public & private partnership agreements in transportation sectors are the factors that offers opportunities in the market. Additionally, government support towards the employment of these systems and tolling and technological enhancements are contributing towards growth of global Electronic Toll Collection market. However, high initial investment and maintenance expenses and slow growth in infrastructure sector in underdeveloped countries are the factor that limiting the market growth during the forecast period.
The regional analysis of global Electronic Toll Collection market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing traffic and developed road infrastructures in the region. Europe is anticipated to grow at satisfactory rate in the global Electronic Toll Collection market during the forecast period. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to increasing traffic problems in the region. In the other regions such as the Middle East and Africa, the growth of the Electronic Toll Collection market is moderate due to lack of proper infrastructure facilities in these regions.
Get sample copy of this report: https://bit.ly/2ZP7GIA
Some of the key players operating in this market include: Kapsch Group ,Thales Group ,Toshiba Corporation ,Raytheon ,Conduent LLC ,Siemens AG ,TransCore LP ,Cubic Transportation ,Perceptics LLC ,EFKON GmbH
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
TABLE OF CONTENT:
Chapter 1. Executive Summary
Chapter 2. Global Electronic Toll Collection Market Definition and Scope
Chapter 3. Global Electronic Toll Collection Market Dynamics
Chapter 4. Global Electronic Toll Collection Market Industry Analysis
Chapter 5. Global Electronic Toll Collection Market, by Subsystem
Chapter 6. Global Electronic Toll Collection Market, by Technology
Chapter 7. Global Electronic Toll Collection Market, by Application
Chapter 8. Global Electronic Toll Collection Market, by Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process
Get Complete Report: https://bit.ly/2ZP7GIA
About Us:
Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.
Contact Us:
Sanjay Jain
Manager - Partner Relations & International Marketing
www.reportsandmarkets.com
info@reportsandmarkets.com
Ph: +44-020-3286-9338 (UK)
Ph: +1-214-736-7666 (US)
An electronic toll collection system is an electronic charging toll machine which charges a toll to an existing customer account as it can determine whether the passing vehicle is registered or not registered within the system. It further generates an alert to the local highway patrol if the vehicle is not registered. This system allows the owner to pass through the toll booths without stopping the vehicle in between the road thereby reducing traffic congestions due to manual operations. Thus, the electronic toll collection system is a feasible solution to reduce pollution and an alternative to maintain the highway lanes during the rush hours, or during any ongoing maintenance activities.
Growing demand for safety and efficiency in transportation infrastructure is one of the major factors responsible for high CAGR of the market. Increasing investment opportunities in economically and technologically developing countries and rising number of public & private partnership agreements in transportation sectors are the factors that offers opportunities in the market. Additionally, government support towards the employment of these systems and tolling and technological enhancements are contributing towards growth of global Electronic Toll Collection market. However, high initial investment and maintenance expenses and slow growth in infrastructure sector in underdeveloped countries are the factor that limiting the market growth during the forecast period.
The regional analysis of global Electronic Toll Collection market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing traffic and developed road infrastructures in the region. Europe is anticipated to grow at satisfactory rate in the global Electronic Toll Collection market during the forecast period. Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to increasing traffic problems in the region. In the other regions such as the Middle East and Africa, the growth of the Electronic Toll Collection market is moderate due to lack of proper infrastructure facilities in these regions.
Get sample copy of this report: https://bit.ly/2ZP7GIA
Some of the key players operating in this market include: Kapsch Group ,Thales Group ,Toshiba Corporation ,Raytheon ,Conduent LLC ,Siemens AG ,TransCore LP ,Cubic Transportation ,Perceptics LLC ,EFKON GmbH
Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
TABLE OF CONTENT:
Chapter 1. Executive Summary
Chapter 2. Global Electronic Toll Collection Market Definition and Scope
Chapter 3. Global Electronic Toll Collection Market Dynamics
Chapter 4. Global Electronic Toll Collection Market Industry Analysis
Chapter 5. Global Electronic Toll Collection Market, by Subsystem
Chapter 6. Global Electronic Toll Collection Market, by Technology
Chapter 7. Global Electronic Toll Collection Market, by Application
Chapter 8. Global Electronic Toll Collection Market, by Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process
Get Complete Report: https://bit.ly/2ZP7GIA
About Us:
Market research is the new buzzword in the market, which helps in understanding the market potential of any product in the market. Reports And Markets is not just another company in this domain but is a part of a veteran group called Algoro Research Consultants Pvt. Ltd. It offers premium progressive statistical surveying, market research reports, analysis & forecast data for a wide range of sectors both for the government and private agencies all across the world.
Contact Us:
Sanjay Jain
Manager - Partner Relations & International Marketing
www.reportsandmarkets.com
info@reportsandmarkets.com
Ph: +44-020-3286-9338 (UK)
Ph: +1-214-736-7666 (US)
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