Electronic Toll Collection Market Emerging Trends by Siemens AG, 3M, Thales Group, Xiamen Innov Information Technology, International Road Dynamics (IRD), Cubic Transportation Systems, Denso Corporation, Raytheon Company

Global Electronic Toll Collection Market is accounted for $7.82 billion in 2017 and is expected to reach $20.00 billion by 2026 growing at a CAGR of 11.0% during the forecast period. 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.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/18710
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

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.

Top Players:
Some of the key players in Electronic Toll Collection market include Siemens AG, 3M, Thales Group, Xiamen Innov Information Technology Co.,Ltd, International Road Dynamics (IRD), Cubic Transportation Systems, Denso Corporation, Raytheon Company, Kapsch Trafficcom AG, Transurban Limited, Conduent Business Services, LLC, Q-Free, Efkon AG, The Revenue Markets Inc., Geotoll, Far Eastern Electronic Toll Collection Co. (FETC) and Atlantia SpA.

Request Discount on this report @ https://marketprognosis.com/discount-request/18710
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Market Segmentation:
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.

Products Covered:
• Automated Vehicle Classification (AVC)
• Back Office, Integration, and Violation Enforcement System (VES)
• Automated Vehicle Identification (AVI)

Technologies Covered:
• Video Analytics-Based ETC Systems
• Dedicated Short-Range Communication (DSRC)-Based ETC Systems
• Navigation Satellite System/Global Positioning System (GNSS/GPS)-Based ETC Systems
• Radio-Frequency Identification (RFID)-Based ETC Systems
• Video Analytics
• Infrared

Enquiry Before Buying@ https://marketprognosis.com/enquiry/18710
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMarkPvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.