Thailand and Philippines Tolling & City Congestion Market by Top Competitors Analysis Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG, Kapsch, Conduent (Xerox Corporation), Cubic Transportation, Alstom, GE transportation.

In 2017, based on product type, the UTM segment dominated the Thailand and Philippines tolling & city congestion market in terms of revenue. However, the ATMS segment is expected to grow at the highest CAGR during the forecast period (2018 - 2025). The Thailand and Philippines tolling & city congestion market portrays a promising future for the technological industry. The current business scenario witnessed an increase in adoption of this technology, particularly in the developing regions. Therefore, key players have been adopting new techniques to provide advanced and innovative product offerings to their customers.

According to a recent report published by Allied Market Research, titled,the Thailand and Philippines tolling & city congestion market was valued at $381.1 million in 2017, and is projected to reach $1,474.7 million by 2025, registering a CAGR of 18.6% from 2018 to 2025.

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The tolling system is an automated mechanism, which helps reduce the delay on toll bridges, toll roads, and toll tunnels without human intervention for toll receivers and payers. It can electronically charge a toll to an established customer account through real-time tracking and monitoring system. The latest innovation in tolling system is the electronic toll collection (ETC) that allows vehicles to pass through a toll facility without stopping at the toll center. This tolling system uses technologies such as radio-frequency identification (RFID), dedicated short-range communication (DSRC), infrared, global navigation satellite system (GNSS)/global positioning system (GPS), and video analytics, for its operation.

Traffic management systems are commonly known as intelligent transportation systems (ITS). These are superior applications, which aim to provide innovative services in different modes of transport and traffic management. It helps increase coordination among various users and enables them to stay better informed and make safer and 'smarter' use of transport networks. Smart transportation has various types of applications such as parking management & guidance, passenger information, and in traffic management.

Factors such as rise in demand for efficient traffic management solutions, increase in number of vehicles, and reduction in environmental pollution are major factors driving the adoption of tolling & city congestion systems.

However, high capital investment for transportation & tolling system, large database requirement for road & tolling network, and low acceptance ratio are the major restraining factors for this market. Furthermore, rise in investments in the idea of smart cities and innovation of smart signal offer lucrative opportunities for the Thailand and Philippines tolling & city congestion market.

The key players operating in the Thailand and Philippines tolling & city congestion market are Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG, Kapsch, Conduent (Xerox Corporation), Cubic Transportation, Alstom, GE transportation.

The key factors that drive the growth of the Thailand and Philippines tolling & city congestion industry are rise in demand for effective traffic management solutions, increase in number of vehicles, and reduction in environmental pollution. However, high initial capital investment for transportation & tolling system, large database requirement for road & tolling network and loss in jobs owing to the advanced automatic tolling system hamper the growth of the market to a certain extent. The market witnessed significant growth owing to investments in the idea of smart cities, innovation of smart traffic signal, and emergence of internet of things (IoT). Each of these factors is anticipated to have a definite impact on the Thailand and Philippines tolling & city congestion market during the forecast period.

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Increase in number of vehicles leads to traffic congestion, if conventional traffic management systems are used. For instance, Los Angeles is the most congested city in the world where citizens spend on an average 102 hours in traffic during peak hours, which is followed by San Francisco, Moscow, and others. Moreover, in Asia-Pacific region, the major cities that face high traffic congestion include Dhaka, New Delhi, and Mumbai. Thus, the demand for smart transportation network is on the rise, which is expected to help in reducing traffic congestion and thus, enhance the safety, sustainability, and efficiency of the transportation network.

In many developed or developing countries, rise in disposable incomes results in a rapid increase in the sale of vehicles. This increase in adoption of vehicles leads to problems such as car parking space issue along with traffic snarls and congestion. For instance, the problem related to traffic in Amsterdam was solved by implementing TrafficLink SCM system that is connected to the traffic system of the national government. Furthermore, TrafficLinks SCM system resolved the conflict between North Holland and the national government by optimizing efficient traffic flow. It was achieved by initializing a single screen that allows both the parties to manage or monitor traffic in their respective region.

LIST OF TABLES

TABLE 01.THAILAND AND PHILIPPINES TOLLING & CITY CONGESTION MARKET, BY PRODUCT TYPE, 2017-2025($MILLION)
TABLE 02.THAILAND AND PHILIPPINES TOLLING & CITY CONGESTION MARKET FOR ELECTRONIC TOLLING, BY REGION 2017-2025 ($MILLION)
TABLE 03.THAILAND AND PHILIPPINES TOLLING & CITY CONGESTION MARKET REVENUE FOR ATMS, BY REGION 2017-2025 ($MILLION)
TABLE 04.THAILAND AND PHILIPPINES TOLLING & CITY CONGESTION MARKET REVENUE FOR UTM, BY REGION 2017-2025 ($MILLION)
TABLE 05.THAILAND TOLLING & CITY CONGESTIONMARKET, BY PRODUCT TYPE, 2017-2025 ($MILLION)
TABLE 06.PHILIPPINES TOLLING & CITY CONGESTIONMARKET, BY PRODUCT TYPE, 2017-2025 ($MILLION)
TABLE 07.ALSTOM: COMPANY SNAPSHOT
TABLE 08.ALSTOM: OPERATING SEGMENTS
TABLE 09.ALSTOM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 10.XEROX: COMPANY SNAPSHOT
TABLE 11.CONDUENT: PRODUCT PORTFOLIO
TABLE 12.XEROX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 13.CUBIC TRANSPORTATION: COMPANY SNAPSHOT
TABLE 14.CUBIC TRANSPORTATION: OPERATING SEGMENTS
TABLE 15.CUBIC TRANSPORTATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 16.EFKON: COMPANY SNAPSHOT
TABLE 17.EFKON: OPERATING SEGMENTS
TABLE 18.EFKON: PRODUCT PORTFOLIO
TABLE 19.EFKON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 20.GE TRANSPORTATION: COMPANY SNAPSHOT
TABLE 21.GE: OPERATING SEGMENTS
TABLE 22.GE TRANSPORTATION: PRODUCT PORTFOLIO
TABLE 23.GE TRANSPORTATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 24.KAPSCH: COMPANY SNAPSHOT
TABLE 25.KAPSCH: OPERATING SEGMENTS
TABLE 26.KAPSCH: PRODUCT PORTFOLIO
TABLE 27.KAPSCH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 28. RAYTHEON: COMPANY SNAPSHOT
TABLE 29.RAYTHEON: OPERATING SEGMENTS
TABLE 30.RAYTHEON: PRODUCT PORTFOLIO
TABLE 31.RAYTHEON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 32.SIEMENS AG: COMPANY SNAPSHOT
TABLE 33.SIEMENS AG: OPERATING SEGMENTS
TABLE 34.SIEMENS AG: PRODUCT PORTFOLIO
TABLE 35.SIEMENS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 36.TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 37.TOSHIBA CORPORATION: OPERATING SEGMENTS
TABLE 38.TOSHIBA CORPORATION: PRODUCT PORTFOLIO
TABLE 39.TOSHIBA CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 40.THALES: COMPANY SNAPSHOT
TABLE 41.THALES: OPERATING SEGMENTS
TABLE 42.THALES: PRODUCT PORTFOLIO
TABLE 43.THALES: KEY STRATEGIC MOVES AND DEVELOPMENTS

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