Current trends and future estimations of the Asia-Pacific Tolling and City Congestion Market, 2025

Asia-Pacific tolling & city congestion market holds high potential for the transportation industry. The current business scenario witnessed an increase in the demand for effective traffic management solutions, particularly in the developing countries of Asia-Pacific. The key players operating in the industry have adopted various techniques to provide advanced and innovative product offerings to the customers.

The Asia-Pacific tolling & city congestion market is driven by the rise in demand for efficient traffic management solutions, increase in the number of vehicles, and reduction in environmental pollution.

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However, high capital investment for transportation & tolling system, large database required for road & tolling network, and low acceptance ratio restrict the growth of the market. Furthermore, investments in the idea of smart cities and innovation of smart signal create 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.

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The Asia-Pacific tolling and 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.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.

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Key Benefits For Stakeholders

This study comprises an analytical depiction of the Asia-Pacific tolling & city congestion market along with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a strong foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industry.
The report includes the market share and trends of the key players in the Asia-Pacific tolling & city congestion market.

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