LONDON, Oct. 20, 2015 /PRNewswire/ -- The electronic toll collection system market report analyzes the key trends in the market on the basis of the demand in different applications such as highways and urban areas. The report provides an in-depth analysis of various developments in this market along with the key market trends. The market for electronic toll collection has been segmented on the basis of different technologies such as RFID-based, DSRC-based, GPS/GNSS-based, and video analytics-based electronic toll collection system.
The electronic toll collection system market report also covers the market ranking of the key industry players in the market. In this report, the electronic toll collection market size in terms of value has been estimated, and forecast is provided for the same for the period between 2014 and 2020. The report gives an overview of the major geographies in the electronic toll collection market, namely, the North America, Europe, APAC, and RoW. The report also discusses the recent developments in the market and the impact analysis of the market dynamics such as drivers, restraints, opportunities, and challenges.
Electronic toll collection systems are used for controlling various functions such as traffic management and for efficient toll revenue collection in the highway and urban applications. One of the major reasons for the high demand for electronic toll collection is the increasing traffic congestion on highways and in urban areas.
The major market for the electronic toll collection is in North America and Europe. However, the APAC and RoW regions are estimated to have high growth rates, with the increasing adoption rate of electronic toll collection in countries such as India, Japan, and Africa. Some of the major players in the market are 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.).
The report provides a detailed segmentation of the electronic toll collection system market along with the qualitative and quantitative analysis of every aspect of the classification on the basis of types, applications, products, technologies, and geographies. Detailed market forecast is provided till 2020 to give a glimpse of the potential market size (in terms of value) of this market.
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