Press release
Asia-Pacific tolling and city congestion market is projected to reach $3,932.4 million by 2025 with top player Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG
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.
Get sample Report: https://www.alliedmarketresearch.com/request-sample/5069?utm_source=openpr_Niranjan
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. They help increase coordination among various users and enable 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 majorly drive the adoption of tolling & city congestion systems.
Purchase Report: https://www.alliedmarketresearch.com/checkout/179745?utm_source=openpr_Niranjan
However, high capital investment for transportation & tolling system, large database requirement for road & tolling network, and low acceptance ratio restrict the market growth. Furthermore, rise in investments in the idea of smart cities and innovation of smart signal offer lucrative opportunities for the Asia-Pacific tolling & city congestion market.
The key players operating in the Asia-Pacific tolling & city congestion market are Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG, Kapsch, Conduent (Xerox Corporation), Cubic Transportation, Alstom, and GE transportation.
According to a recent report published by Allied Market Research, titled, Asia-Pacific Tolling & City Congestion Market By Product Type and Region: Opportunity Analysis and Industry Forecast, 20182025, the Asia-Pacific tolling & city congestion was valued at $1,154.9 million in 2017, and is projected to reach $3,932.4 million by 2025, registering a CAGR of 16.7% from 2018 to 2025.
Factors such as rise in demand for efficient traffic management solutions, increase in the number of vehicles, and reduction in environmental pollution majorly drive 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 restrict the market growth. Furthermore, investments in the idea of smart cities and innovation of smart signal have created lucrative opportunities for the Asia-Pacific tolling & city congestion market.
Key Findings of The Study:-
Based on product type, the UTM segment dominated the Asia-Pacific tolling & city congestion market in 2017. ATMS is anticipated to exhibit the highest CAGR during the forecast period.
About Us:-
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact Us:-
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Asia-Pacific tolling and city congestion market is projected to reach $3,932.4 million by 2025 with top player Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG here
News-ID: 1460788 • Views: …
More Releases from Allied Market Research
Exploring Opportunities in the Geogrid Market, Trends and Innovations, Mapping S …
The global geodrid market generated $0.8 billion in 2018, and is estimated to reach $1.8 billion by 2026, registering a CAGR of 9.9% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.
Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/1656
According to the report published by Allied Market Research, the Geogrid Market by Application (Road Industry, Railroad Stabilization, Soil Reinforcement & Others):…
Exploring the Dynamics of the Oilfield Chemicals Market 2024, Size, Share, Growt …
The global oilfield chemicals industry was pegged at $23.4 billion in 2010, and is estimated to reach $35.0 billion by 2030, growing at a CAGR of 3.2% from 2021 to 2030.
Allied Market Research recently published a report, titled, "Oilfield Chemicals Market by Product (Corrosion & Scale Inhibitors, Demulsifier, Surfactants, and Others) and Application (Drilling, Cement, Stimulation, and Production): Global Opportunity Analysis and Industry Forecast, 2021-2030".
Download sample report PDF @ https://www.alliedmarketresearch.com/request-sample/724
Major Market Players
Albemarle Corporation
Baker Hughes Company
Croda…
Exclusive Report by AMR on Bio Plasticizers Market, Continues to Thrive with USD …
The global bio plasticizers industry generated $1.4 Billion in 2022, and is anticipated to generate $2.4 Billion by 2032, witnessing a CAGR of 5.5% from 2023 to 2032. The global bio plasticizers market is driven by the rising demand from automotive, construction, healthcare, and packaging industries and rise in environmental concerns. However, price competitiveness is anticipated to hinder the growth of the market. Nevertheless, the surge in demand from the…
Aerospace Artificial Intelligence Market Soars to $5.82 Billion by 2028 | Exclus …
Allied Market Research (AMR) recently published a report in which it predicts the global aerospace artificial intelligence market to reach $5,826.1 million in 2028 with a remarkable CAGR of 43.4% from an estimated market size of $373.6 million in 2020. The forecast years for this analysis are from 2021 to 2028. Furthermore, the report presents a comprehensive analysis of the global aerospace artificial intelligence market, including current trends, pricing factors,…
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.…
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn.
Predictive analytics is segmented into:
Risk management:…
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s…
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more…
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012…
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population.
ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and…
