Press release
Electronic Toll Collection Market 2019 Size, Growth Analysis Report, Forecast to 2025
Electronic Toll Collection Market size 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 is meant for automatic toll collection without requiring the driver to stop. It uses latest technological solutions, such as DSRC, GPS & GNSS toll collection and tracking solutions, and video analytics to efficiently manage traffic in highly congested areas, thereby easing the toll collection process.A full report of Electronic Toll Collection Market is available at: https://www.orionmarketreports.com/electronic-toll-collection-market/33455/
Top Impacting Factors
Surge in demand for effective traffic management at toll collection center, increase in facilities of cashless travelling, high initial installation & operational cost of ETC, and increase in adoption of ETC in the developing regions are the significant factors that affect the growth of the global electronic toll collection market. These factors are anticipated to either drive or hamper the market growth.
Major players operating in the global electronic toll collection market are Kapsch Group, Thales Group, Toshiba Corporation, Raytheon, Conduent LLC, Siemens AG, TransCore LP, Cubic Transportation, Perceptics LLC, and EFKON GmbH.
Electronic Toll Collection Market Segments
By Subsystem
• Automated Vehicle Identification
• Automated Vehicle Classification
• Violation Enforcement System
• Transaction Processing
By Technology
• Radio-frequency Identification (RFID)
• Dedicated Short-range Communication (DSRC)
• Infrared
• GNSS & GPS
• Video Analytics
By Application
• Urban
• Highways
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Electronic Toll Collection Market Report
• What was the Electronic Toll Collection Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Electronic Toll Collection Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Electronic Toll Collection Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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