Global Electronic Toll Collection Market to 2026: Market Accounted for $7.82 Billion in 2017 and is Expected to Reach $20.00 Billion

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Jan 22, 2019, 17:15 ET

DUBLIN, Jan. 22, 2019 /PRNewswire/ --

The "Electronic Toll Collection - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

Global Electronic Toll Collection market accounted for $7.82 billion in 2017 and is expected to reach $20.00 billion by 2026 growing at a CAGR of 11.0%

Factors such as growing demand for effective solutions for traffic congestion and rising allowance of funds by different governments on intelligent transportation system are propelling the market growth. High installation costs and lack of interoperability and standardization are some of the factors limiting the market growth. Increased safety and better environment are providing ample of opportunities for the market growth.

Electronic Toll Collection is a computerized system reduces manual operations by toll payers and receivers. It uses sophisticated cameras and sensors to capture an image of vehicle's registration plate and allocates the correct toll. Electronic toll booths may operate next to cash lanes so that drivers who do not have a device for receiving a radio signal and automatically transmitting a different signal can pay a cashier or throw coins into a receptacle. The global electronic toll collection market is expected to push towards a strong double-digit growth rate in the future.

Amongst Application, Highway segment accounted for the largest market share in the global Electronic Toll Collection market due to adoption rate of ETC systems would be high. In addition, the presence of a large number of highways with high traffic increases the need for better traffic management solutions.

By geography, North America is anticipated to dominate the market due to huge usage of heavy vehicles and four-wheelers is high in this region, which raises the requirement of an effective transportation system in the North American countries.

What our report offers:

Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Electronic Toll Collection Market, By Type
5.1 Introduction
5.2 All-Electronic Tolling/Open Road Tolling (AET/ORT)
5.2.1 Automatic Number Plate Recognition (ANPR)
5.2.2 Transponders
5.3 Electronic Toll Collection (ETC)

6 Global Electronic Toll Collection Market, By Product
6.1 Introduction
6.2 Automated Vehicle Classification (AVC)
6.3 Back Office, Integration, and Violation Enforcement System (VES)
6.4 Automated Vehicle Identification (AVI)

7 Global Electronic Toll Collection Market, By Technology
7.1 Introduction
7.2 Video Analytics-Based ETC Systems
7.3 Dedicated Short-Range Communication (DSRC)-Based ETC Systems
7.4 Navigation Satellite System/Global Positioning System (GNSS/GPS)-Based ETC Systems
7.5 Radio-Frequency Identification (RFID)-Based ETC Systems
7.6 Video Analytics
7.7 Infrared

8 Global Electronic Toll Collection Market, By Application
8.1 Introduction
8.2 Urban
8.3 Highway
8.4 Bridges

9 Global Electronic Toll Collection Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Siemens AG
11.2 3M
11.3 Thales Group
11.4 Xiamen Innov Information Technology Co.,Ltd
11.5 International Road Dynamics (IRD)
11.6 Cubic Transportation Systems
11.7 Denso Corporation
11.8 Raytheon Company
11.9 Kapsch Trafficcom AG
11.10 Transurban Limited
11.11 Conduent Business Services, LLC
11.12 Q-Free
11.13 Efkon AG
11.14 The Revenue Markets Inc.
11.15 Geotoll
11.16 Far Eastern Electronic Toll Collection Co. (FETC)
11.17 Atlantia SpA

For more information about this report visit https://www.researchandmarkets.com/research/q56crv/global_electronic?w=5

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