Electronic Toll Collection Market by Subsystem (Automated Vehicle Identification, Automated Vehicle Classification) Technology (Radio-frequency Identification, Infrared, GNSS & GPS) Forecast 2018-2025

The Global Electronic Toll Collection Market was valued at $6,855.5 million in 2017, and is projected to reach at $15,648.2 million by 2025, growing at a CAGR of 10.7% from 2018 to 2025.
Electronic toll collection (ETC) system is a high-end technology, which facilitates collection of fees at highways. It automatically charges vehicles without requiring them to stop at the tolls. In addition, it aids in efficiently managing the traffic in highly congested areas, and facilitates the toll collection process by using the latest technological solutions such as GPS & GNSS toll collection and tracking solutions.

The global electronic toll collection market is expected to witness a steady growth due to increase in demand for effective traffic management at toll collection centers and reduced environmental pollution due to less congestion at toll plazas. The market is expected to witness considerable growth, especially in the emerging economies, owing to enhanced cashless facilities provided by ETC and rise in global awareness about the menace of vehicle pollution.

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Asia-Pacific is expected to be a dominant player in the global electronic toll collection market, due to increase in demand for vehicles among citizens and rise in use of IoT in the automobile segment. Moreover, technological advancements in the automotive industry and government initiatives such as investment in R&D in electronic toll collection propel the growth of the market. For instance, on October 30, 2017, BMW Japan Corp. began installing DSRC ETC units as standard on all models sold in the country, including motorbikes. Japan witnesses highest penetration of ETC devices across the world, with almost 60 million active units. Unlike other DSRC domains in Europe, Asia, or South
America, all units are embedded into the dashboard and come with a separate receiver to ensure line of sight with the gantry.

Based on subsystem, the radio-frequency identification (RFID) segment dominated the market in 2017, owing to its high adoption rate globally.

Key Findings of the Electronic Toll Collection Market:
• In 2017, the RFID segment generated the highest revenue in the global electronic toll collection market.
• In 2017, automated vehicle classification generated the highest revenue among the other subsystem types.
• Based on application, highways dominated the market worldwide in 2017.

Major players operating in the global electronic toll collection market include Kapsch Group, Thales group, Toshiba Corporation, Raytheon, Conduent LLC, Siemens AG, TransCore LP, Cubic Transportation, Perceptics LLC, and EFKON GmbH.

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List of Figures:

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2018*
FIGURE 07. TOP WINNING STRATEGIES, BY COMPANY, 2014-2018*
FIGURE 08. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE THREAT OF SUBSTITUTES
FIGURE 11. HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 12. HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 13. MARKET SHARE ANALYSIS (2017)
FIGURE 14. GLOBAL ELECTRONIC TOLL COLLECTION MARKET SHARE, BY SUBSYSTEM, 2017-2025 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR AVI, BY COUNTRY, 2017 & 2025 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR AVC, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR VIOLATION ENFORCEMENT SYSTEM, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR TRANSACTION PROCESSING, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19. GLOBAL ELECTRONIC TOLL COLLECTION MARKET SHARE, BY TECHNOLOGY, 2017-2025 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET

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