Press release
Asia-Pacific Tolling and City Congestion Market : Electronic Tolling, ATMS, and UTM 2018 - 2025
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Factors such as rise in demand for efficient traffic management solutions, increase in the number of vehicles, and reduction in environmental pollution majorly drive the adoption of tolling & city congestion systems.
However, high capital investment for transportation & tolling system, large database requirement for road & tolling network, and low acceptance ratio restrict the market growth. Furthermore, investments in the idea of smart cities and innovation of smart signal have created lucrative opportunities for the Asia-Pacific tolling & city congestion market.
Key Findings of The Study -
Based on product type, the UTM segment dominated the Asia-Pacific tolling & city congestion market in 2017.
ATMS is anticipated to exhibit the highest CAGR during the forecast period.
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The key players operating in the Asia-Pacific tolling & city congestion market are Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG, Kapsch, Conduent (Xerox Corporation), Cubic Transportation, Alstom, and GE transportation.
Asia-Pacific Tolling and City Congestion Market Report Highlights -
By Product Type -
Electronic Tolling
ATMS
UTM
By Region -
Asia-Pacific (Thailand, Singapore, Philippines, South Korea, Hong Kong, Malaysia)
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