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Asia-Pacific Tolling and City Congestion Market key Drivers, Business Insights, Trends and Applications by 2025
Tolling and City Congestion Market
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Asia-Pacific Tolling and City Congestion Market by Product Type (Electronic Tolling, ATMS, and UTM): Opportunity Analysis and Industry Forecast, 2018-2025". The report provides detailed analyses of the key investment pockets, market share & forecast, drivers & opportunities, business performances of key players, and competitive landscape. According to the report, the Asia-Pacific tolling & city congestion market accounted for $1.15 billion in 2017 and is expected to garner $3.93 billion by 2025, registering a CAGR of 16.7% during 2018-2025.
UTM segment to witness highest demand by 2025
In 2017, the UTM segment garnered the largest market share, contributing about two-thirds of the total market revenue and is expected to maintain its dominance throughout the study period. However, the ATMS segment is expected to register the fastest CAGR of 20.5% during the forecast period, as ATMS uses roadside traffic sensors to offer real-time information. In addition, the electronic tolling segment is anticipated to show gradual growth during 2018-2025.
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Hong Kong to portray fastest CAGR through 2025
Hong Kong region is expected to manifest the fastest CAGR of 23.8% during the study period, owing to continuous developments and advancement in technologies coupled with supportive government policies related to tolling & traffic congestion. However, Singapore region held the largest market share in 2017, contributing about 22% of the total revenue, owing to increased population and surge in demand for transportation services in the region. The other regions analyzed in the report include Thailand, Philippines, South Korea, and Malaysia.
The key players Operating in the Asia-Pacific tolling & City Congestion Market
* Efkon GmbH,
* Raytheon,
* Siemens AG,
* Conduent (Xerox Corporation),
* Alstom, Toshiba Corporation,
* Thales Group,
* Siemens AG,
* Kapsch,
* Cubic Transportation
* GE transportation.
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Driving factors for the market
1.Rise in demand for effective traffic management solutions
2.Increase in number of vehicles
3.Reduction in environmental pollution
Market Restraints and Opportunities:
1.High initial capital investment for transportation & tolling system
2.Large database requirement for road & tolling network
3.Loss in jobs due to advance automatic tolling system.
4.Investments in the idea of smart cities
5.Innovation of smart traffic signal
6.Emergence of internet of things (IoT)
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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