Vehicle Tolling System Market 2021: Soaring Demand Assures Motivated Revenue Share by 2025 | Analysis by GE, Thales, Efkon, Toshiba, Raytheon, Siemens AG, Kapsch, Conduent, Alstom

All information provided in the report is derived from trusted industrial sources. Global Vehicle Tolling System Market research reports finds market figures between 2021 and 2025. The market will exhibit remarkable CAGRs in the aforementioned period.

Overview of Global Vehicle Tolling System Market:

This report studies the Global Vehicle Tolling System Market over the forecast period of 2021 to 2025. The Global Vehicle Tolling System Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2021 to 2025.

Major key factors driving the growth of the Global Vehicle Tolling System Market are rapid growth in the construction of roads and highways in developing countries, vehicle theft detection, fuel efficiency, and limited traffic congestion. In addition, every construction and road needs maintenance and recovery. The cost required for maintenance and recovery of highways, roads, bridges and tunnels is collected directly or indirectly from public. Depending on technology used for toll collection, the market is segmented into RFID-Based Electronic Toll Collection System, Dedicated short range communications DSRC-Based Electronic Toll Collection System, Video Analytics-Based Electronic Toll Collection System and GNSS/GPS-Based Electronic Toll Collection System.

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The Global Vehicle Tolling System Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Vehicle Tolling System Market is sub-segmented into Electronic Tolling, ATMS, UTM and others. On the basis of Application, the Global Vehicle Tolling System Market is classified into Highway, Bridge, Tunnel, Parking LOT and others.

In terms of the geographic analysis, The Vehicle Tolling System Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Vehicle Tolling System Market ecosystem results in the increasing adoption of these systems in North America.

Global Vehicle Tolling System Market Objectives:

1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Vehicle Tolling System Market

2 To analyze and forecast the size of the Vehicle Tolling System Market, in terms of value and volume

3 To analyze opportunities in the Vehicle Tolling System Market for stakeholders and provide a competitive landscape of the market

4 To define, segment, and estimate the Vehicle Tolling System Market based on deposit type and end-use industry

5 To strategically profile key players and comprehensively analyze their market shares and core competencies

6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market

7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America

8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Vehicle Tolling System Market

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Top Leading Key Manufacturers are: Efkon, Toshiba, Raytheon, Thales Group, Siemens AG, Kapsch, Conduent (Xerox Corporation), Cubic Transportation, Alstom, GE transportation and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Worldwide Technology Industry News:

Thales Group (June 24, 2020) - Thales Alenia Space will provide two key pressurized elements for Axiom Commercial Space Station - Thales Alenia Space, Joint Venture between Thales (67 %) and Leonardo (33 %) announced the signature of an ATP (Authorization To Proceed) with Axiom Space of Houston, Texas to initiate the development of two key pressurized elements dedicated to the world’s first commercial space station.

In January, NASA selected Axiom’s proposal to attach its space station modules to the International Space Station (ISS) starting from the second half of 2024, ultimately creating a new ‘Axiom Segment’ which will expand the usable and habitable volume of the ISS. When the ISS reaches its retirement date, the Axiom complex will detach and operate as a free-flying commercial space station. The Axiom Segment will be attached to the ISS Node 2 built by Thales Alenia Space. Axiom is offering professional and private astronaut flights to the ISS at a rate of up to two per year, with the first set to launch in October 2021, while it develops the new station elements.

Based on its past successful experience building modules for the International Space Station, Thales Alenia Space will be responsible for the design, development, assembly and test of the primary structure and the Micrometeoroid & Debris Protection System for the Axiom Node One (AxN1) and Habitation Module (AxH), the first two Axiom station elements to fly. Axiom will receive these elements at their facility in Houston for integration and outfitting of core systems and certification of flight prior to shipping to the launch facility.

Walter Cugno, Thales Alenia Space Vice President, Science and Exploration commented: “With its unrivaled expertise for pressurized modules, Thales Alenia Space is an essential partner for all human and deep space exploration missions. I am confident this partnership with Axiom will open new horizons by revolutionizing the human presence in low-Earth orbit.”

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Vehicle Tolling System in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Major Points in Table of Contents:

Global Vehicle Tolling System Market Report 2021

1 Vehicle Tolling System Product Definition

2 Global Vehicle Tolling System Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Vehicle Tolling System Shipments

2.2 Global Manufacturer Vehicle Tolling System Business Revenue

2.3 Global Vehicle Tolling System Market Overview

2.4 COVID-19 Impact on Vehicle Tolling System Industry

3 Manufacturer Vehicle Tolling System Business Introduction

3.1 Efkon GmbH Vehicle Tolling System Business Introduction

3.2 Toshiba Corporation Vehicle Tolling System Business Introduction

3.3 Raytheon Vehicle Tolling System Business Introduction

3.4 Thales Group Vehicle Tolling System Business Introduction

3.5 Siemens AG Vehicle Tolling System Business Introduction

3.6 Kapsch Vehicle Tolling System Business Introduction

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