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.
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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
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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
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