Electronic Toll Collection Systems Market untapped growth opportunities by key players - Conduent, Inc.,Kapsch Group,Mitsubishi Heavy Industries Machinery Systems, Ltd.,Siemens Mobility GmbH,Thales Group

The global electronic toll collection systems market is expected to grow to US$ 9.1 billion by 2027 from US$ 5.2 billion in 2017. Tolls refer to the fees charged by the various state, or central government across various transportation infrastructure such as bridges, tunnels, highways, and expressways among others. The electronic toll collection constitutes automatic vehicle identification (AVI), vehicle classification (AVC) and collection of transit transaction as per government guidelines without manual supervision. Further, the identification of violators and their subsequent fine enforcement is also considered under the scope of electronic toll collection systems. Thus, the devices and equipment that assist in seamless toll collection via electronically contribute for electronic toll collection systems. The electronic toll collection systems market is expected to witness a CAGR growth rate of 6.5%

Key Players:
1. Conduent, Inc.
2. Kapsch Group
3. Mitsubishi Heavy Industries Machinery Systems, Ltd.
4. Siemens Mobility GmbH
5. Thales Group
6. Continuum Electroproducts LLP
7. EFKON GmbH
8. Neology, Inc.
9. QuaLiX Information System LLP
10. SkyToll, a. s.

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The ETC system offers versatile benefits such as congestion management, minimizing traffic at toll plazas, reducing vehicular traffic at highways and providing actionable insights into traffic patterns apart from providing seamless toll collection process. This was attributed in the system popularity among developed countries and has fueled the system demand among emerging third world economies.

Moreover, the long-term economic and safety benefits are also expected to drive the growth of electronic toll collection systems market in the forecast period. Besides, through the integration of superior technology and subsequent improvement in the scope of application ETC system services is also projected to have a profound influence over the growth of electronic toll collection systems market in the coming years.

The state of road infrastructure plays a crucial role in the growth of the economy as it connects the important cities, towns, and metropolitan cities for freight transportation by road. Moreover, the continuous maintenance, expansion as well as improvement in expressways, highways, bridges, and tunnels ensure the continuous, uninterrupted movement of goods that contribute towards their value-add to the GDP of a country.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Electronic Toll Collection Systems Market Size
2.2 Electronic Toll Collection Systems Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Electronic Toll Collection Systems Market Size by Manufacturers
3.2 Electronic Toll Collection Systems Key Players Head office and Area Served
3.3 Key Players Electronic Toll Collection Systems Product/Solution/Service
3.4 Date of Enter into Electronic Toll Collection Systems Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Electronic Toll Collection Systems Sales by Product
4.2 Global Electronic Toll Collection Systems Revenue by Product
4.3 Electronic Toll Collection Systems Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Electronic Toll Collection Systems Breakdown Data by End User

Sameer Joshi
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