Electronic Toll Collection Market Comprehensive Analysis on Major Key Players Like Siemens, ABERTIS, Perceptics LLC, Kapsch TrafficCom AG, TransCore, Raytheon, Conduent, Thales, Cubic Corporation, Indra, Toshiba, Mitsubishi Heavy Industries
The Electronic Toll Collection report distinguishes key financial arrangements which have formed the market over the most recent six years i.e. 2019-2026. The patterns and methodologies area features the reasonable future advancements in the market and proposes further methodologies. Business bits of knowledge gave in this Electronic Toll Collection report will support ventures, associations or even people to get ready vital business choices and accomplish development in their own market area. The examination record features the difficulties between provider and purchaser and activities.
Global Electronic Toll Collection Market is expected to rise from its initial estimated value of USD 7.14 billion in 2018 to an estimated value of USD 13.69 billion by 2026, registering a CAGR of 8.48% in the forecast period of 2019-2026.
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Electronic toll collection can be defined as the cashless toll collection technology which aims to solve the problem of traffic congestion on various toll collecting sites due to the time-consuming process of cash or plastic money collection. These tolls do not require the vehicles to stop at the toll booths, as they scan the transponders available in the vehicles for the collection of tolls. They operate alongside the cash tolls so that the vehicles without any transponders can cross the booth as well.
In April 2018, TransCore announced the introduction regarding the publication of specific protocols and standards known as “Super eGo (SeGo)” for the simplification and increased ease in adoption of transponders and multi-protocol readers. In April 2016, Kapsch TrafficCom AG announced that they had completed the acquisition of Schneider Electric’s Transportation Business. This acquisition is expected to expand Kapsch’s smart transportation system and service portfolios for the various regions.
Key Competitors of Electronic Toll Collection Market
Kapsch TrafficCom AG, TransCore, Raytheon, Conduent, Thales, Cubic Corporation, Indra, Toshiba, Mitsubishi Heavy Industries, VINCI, Siemens, ABERTIS, Perceptics LLC, SICE, Autostrade per l'Italia, ETC (Electronic Transaction Consultants), American Traffic Solutions, JENOPTIK, STAR Systems International, Kistler Group, ARH Inc., Toll Collect GmbH, NEOLOGY INC Efkon GmbH, Quarterhill Inc., Far Eastern Electronic Toll Collection Co., Ltd., GEOTOOL GmbH, And others
Global electronic toll collection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electronic toll collection market for global, Europe, North America, Asia Pacific and South America.
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Key Segmentation of Electronic Toll Collection Market
By Type - Transponder/Tag-Based and Others. By Technology - Radio-Frequency Identification (RFID), Dedicated Short-Range Communication (DSRC), Others (Video Analytics/Automatic Number Plate Recognition (ANPR)/Automatic License Plate Recognition (ALPR), Satellite-Based GNSS/GPS (Global Navigation Satellite System/Global Positioning System), Weigh-in-Motion). By Offering - Hardware, Back Office & Other Services, By Application, Highways, Urban Areas. By Parameters of Toll Amount - Distance Based, Point Based, Time Based, Perimeter Based
By Geography - North America, US, Canada, Mexico, South America, Brazil, Argentina, Rest of South America. Europe - Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe. Asia-Pacific - Japan, China, South Korea, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific. Middle East and Africa - South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East and Africa.
Statistics series and base year evaluation is finished using statistics collection modules with big sample sizes. The marketplace records is analyzed and forecasted the usage of marketplace statistical and coherent models. Additionally marketplace share analysis and key trend evaluation are the most important fulfillment factors within the marketplace record.
The important thing studies technique utilized by DBMR studies team is records triangulation which includes records mining, evaluation of the impact of data variables on the market, and primary (enterprise expert) validation. other than this, other records models consist of dealer positioning grid, market time line analysis, market assessment and manual, enterprise positioning grid, enterprise market proportion analysis, standards of dimension, pinnacle to bottom analysis and dealer share analysis. To recognize more about the studies technique, drop in an inquiry to talk to our industry professionals.
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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