Electronic Toll Collection System Market Worth $8.65 Billion by 2020
DALLAS, June 4, 2015 /PRNewswire/ --
According to the new market research report "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)", published by marketsandmarkets, 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.
Browse 66 market data Tables and 58 Figures spread through 182 Pages and in-depth TOC on "Electronic Toll Collection System Market"
Early buyers will receive 10% customization on this report.
Electronic toll collection system can be used as an effective replacement for conventional tolling systems. Electronic toll collection systems prevent delays on the toll roads by collecting the tolls electronically. Various technologies such as RFID, DSRC, and GPS/GNSS are used in the electronic toll collection system. The increasing demand for efficient traffic management is a major driver for the growth of this market. 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 Market is 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.
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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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