Global Electronic Toll Collection Market to 2023: Development of Smart Cities Across the World Driving Market Growth
DUBLIN, Dec. 4, 2018 /PRNewswire/ --
The "Electronic Toll Collection Market by Technology (RFID, DSRC, & Others (ANPR/ALPR, and Satellite-Based)), Offering (Hardware, and Back Office and Other Services), Application (Highways and Urban Areas), Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The Overall ETC Market is Estimated to Grow from USD 7.1 Billion in 2018 to USD 10.7 Billion by 2023, at a CAGR of 8.54%
Electronic toll collection (ETC) is the latest technology that is designed not only to determine if the vehicle passing through toll plazas is enrolled in the ETC program but also to alert the enforcer when vehicles on toll roads are not enrolled. Additionally, this technology makes it possible to electronically debit the toll amount from the account of the registered patrons without requiring them to stop.
Thus, the direct benefit of using ETC is saving drivers' time, while other benefits not only include energy saving, emission reduction, service improvement but also an improvement in the speed and efficiency of the traffic flow. These systems minimize the need for carrying out operations manually. The operations are, thus, always more accurate and reliable, and the possibility of errors also decreases.
ETC systems are based on different technologies, such as radio-frequency identification (RFID), global navigation satellite system/Global Positioning System (GNSS/GPS), dedicated short-range communication (DSRC), and video analytics. Currently, RFID technology-based ETC systems are widely used. In 2017, RFID technology-based ETC systems accounted for the largest market share of 54.61%.
The growth of the ETC market is primarily attributed to the rapid urbanization and industrialization, which has resulted in the increased use of vehicles. Furthermore, the rise in urban population has increased traffic congestion, which has a detrimental impact on the health and environment. The deployment of ETC system certainly reduces traffic problems and environmental issues, as well as stress borne from these concerns.
Key Topics Covered:
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Electronic Toll Collection Market
4.2 Electronic Toll Collection Market, By Type and Offering
4.3 Electronic Toll Collection Market, By Technology
4.4 Electronic Toll Collection Market, By Application
4.5 Electronic Toll Collection Market, By Region
5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Effective Solution to Overcome Traffic Congestion With Improved Traffic Flow Per Lane
5.1.1.2 Increased Allocation of Funds for the Deployment of Its By Various Governments
5.1.1.3 Reduced Environmental Pollution Using ETC Systems
5.1.1.4 Improved Convenience Due to Cashless Travel Facility
5.1.1.5 Development of Smart Cities Across the World
5.1.2 Restraints
5.1.2.1 Slow Growth in Infrastructure Sector in Underdeveloped Countries
5.1.2.2 High Operating Costs
5.1.3 Opportunities
5.1.3.1 Increasing Investment Opportunities in Economically and Technologically Developing Countries
5.1.3.2 Rising Number of Public-Private Partnership (PPP) Agreements in Transportation Sector
5.1.3.3 Increasing Transition to All-Electronic Tolling (AET) Systems
5.1.4 Challenges
5.1.4.1 Challenges Related to Interoperability, Standardization, and Toll Technology Selection
5.2 Value Chain: ETC Market
6 Industry Trends
6.1 Interoperability Types and Burning Issues
6.1.1 Interoperability of Network, Devices, and Contracts in Tolling
6.1.2 Need for Improved Transport and Infrastructure
6.1.3 Stagnant Gas Tax Rates in Americas
7 Electronic Toll Collection Market, By Type
7.1 Introduction
7.2 Transponder- Or Tag-Based Tolling Systems
7.2.1 Transponders/Tags Have Witnessed High Adoption Due Their Applicability in RFID, DSRC and Satellite Based Tolling
7.3 Other Tolling Systems
7.3.1 Use of Video Analytics Decreases the Possibility of Scams and Frauds Related to Toll Violation
8 Electronic Toll Collection Market, By Technology
8.1 Introduction
8.2 Radio-Frequency Identification (RFID)
8.2.1 RFID Tags are Cheaper as Compared to GNSS and DSRC Tags
8.3 Dedicated Short-Range Communication (DSRC)
8.3.1 DSRC Based Tags Remain Unaffected By Privacy/Data Protection Issues
8.4 Other Technologies
8.4.1 Video Analytics /ANPR/ALPR
8.4.1.1 Video Analytics Helps in the Identification of Vehicles With Invalid Tags Passing Through the Toll Systems
8.4.2 Global Navigation Satellite System/Global Positioning System (GNSS/GPS)
8.4.2.1 The Popularity of Satellite Based Tolling is Increasing Owing to Its Less Infrastructural Costs
8.4.3 Weight-Based Tolling
8.4.3.1 By Detecting Overloaded Vehicles, Weigh-Based Tolling Have Additionally Contributed to the Safety of the Vehicles
9 Electronic Toll Collection Market, By Offering
9.1 Introduction
9.2 Hardware
9.2.1 Hardware of ETC Systems Comprises of Roadside Equipment and On-Board Units (OBUs)
9.3 Back Office and Other Services
9.3.1 Back Office Services Contribute to Account Management, Billing, Legal Support, and Inquiry Handling
10 Electronic Toll Collection Market, By Application
10.1 Introduction
10.2 Highways
10.2.1 Highways is the Prominent Application for the ETC Systems
10.3 Urban Areas
10.3.1 ETC Systems Have Helped in Reducing Traffic Congestion Issues in Urban Areas
11 Parameters for Charging Toll Amount
11.1 Introduction
11.2 Distance Based
11.2.1 Distance Based Tolling is Categorized as Closed Tolling and Open Tolling
11.3 Point Based
11.3.1 Point Based Tolling Charges Fixed Amount of Tolling Irrespective of the Distance Travelled
11.4 Time Based
11.4.1 Time Based Tolling Charges Drivers for Utilizing Partial Or Whole Road Network
11.5 Perimeter Based
11.5.1 Perimeter Based Tolling is Also Referred as Congestion Charge at Some Places
12 Geographical Analysis
12.1 Introduction
12.2 Americas
12.2.1 North America
12.2.1.1 US
12.2.1.1.1 US is the Largest Market for ETC in North America Region
12.2.1.2 Canada
12.2.1.2.1 Canada ETC Market is Expected to Grow at A Higher CAGR Owing to Significant Investment By ETC Players
12.2.1.3 Mexico
12.2.1.3.1 Highways are Expected to Be the Largest Contributors in the ETC Market of Mexico
12.2.2 South America
12.2.2.1 Brazil
12.2.2.1.1 Sao Paulo Was the First Multi-Lane Free-Flow (Mlff) Toll System in Brazil in 2013
12.2.2.2 Rest of South America
12.2.2.2.1 Chile, Paraguay, Peru, and Guyana are the Major Contributors to the ETC Market in Rest of South America
12.3 Europe
12.3.1 UK
12.3.1.1 Enhanced Technologies, Increased Concerns to Address Traffic Problems to Drive ETC Market in the UK
12.3.2 Germany
12.3.2.1 Advanced Transportation Infrastructure in Germany has Propelled the Growth of ETC Systems
12.3.3 France
12.3.3.1 Deployment of ETC Systems is Well Established in France
12.3.4 Italy
12.3.4.1 Italy has Resolved Interoperability Issue With the Use of Telepass
12.3.5 Rest of Europe
12.3.5.1 Economies Such as Austria, Ireland, and Spain to Drive ETC Market in This Region
12.4 APAC
12.4.1 Japan
12.4.1.1 Japan is Among the Major ETC Contributors in the APAC Region
12.4.2 China
12.4.2.1 Heavy Investment By the Government in Its has Propelled the Growth of ETC Market in China
12.4.3 South Korea
12.4.3.1 South Korea has Done Major Developments in Electronic Tolling Systems Like Hi-Pass Cards
12.4.4 Australia
12.4.4.1 ETC Market in Australia is Expected to Grow at A High CAGR During Forecast Period
12.4.5 Rest of APAC
12.4.5.1 Emerging Economies to Drive the ETC Market in Rest of APAC
12.5 RoW
12.5.1 Middle East
12.5.1.1 UAE
12.5.1.1.1 UAE has Well Organized ETC Market With Salik
12.5.1.2 Rest of Middle East
12.5.1.2.1 Deployment of ETC Systems in Rest of Middle East is Expected to Grow in the Upcoming Years
12.5.2 Africa
12.5.2.1 South Africa
12.5.2.1.1 Sanral is an Operator of the Toll Roads in South Africa
12.5.2.2 Rest of Africa
12.5.2.2.1 Rest of Africa to Grow Gradually in the Upcoming Years Owing to the Improved Need of Infrastructure
13 Competitive Landscape
13.1 Overview
13.2 Market Ranking Analysis (2017)
13.3 Competitive Scenario
13.4 Recent Developments (Top 5 Players)
14 Company Profiles
14.1 Key Players
14.1.1 Kapsch Trafficcom AG
14.1.2 Transcore (Roper Technologies)
14.1.3 Raytheon Company
14.1.4 Conduent Incorporated (Formerly Xerox Corporation)
14.1.5 Thales Group
14.1.6 Cubic Transportation Systems, Inc.
14.1.7 Vinci
14.1.8 Siemens AG
14.1.9 Efkon GmbH
14.1.10 Neology (Formerly 3M)
14.2 Other Key Players
14.2.1 Toshiba
14.2.2 Mitsubishi Heavy Industries, Ltd.
14.2.3 Abertis
14.2.4 Q-Free
14.2.5 Quarterhill (International Road Dynamics)
14.2.6 Tecsidel S.A.
14.2.7 Perceptics
14.2.8 Star Systems International
14.2.9 G.E.A.
14.2.10 Electronic Transaction Consultants (ETC) Corporation
14.2.11 Arh Inc.
14.2.12 Sociedad Ibrica De Construcciones Elctricas, S.A. (SICE)
14.2.13 Autostrade Per L'italia Spa (Atlantia)
14.2.14 Jenoptik
14.2.15 Norbit
14.3 Key Innovators
14.3.1 Far Eastern Electronic Toll Collection Co. (FETC)
14.3.2 Toll Collect GmbH
14.3.3 Geotoll
14.3.4 Indra Sistemas, S.A.
14.3.5 Kistler Group
14.3.6 American Traffic Solutions
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