openPR Logo
Press release

Electronic Toll Collection Market Dynamics, Forecast, Analysis and Supply Demand 2014-2020

06-09-2017 02:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Electronic Toll Collection Market Dynamics, Forecast,

Electronic toll collection system is an automated system, eliminating manual operations by toll payers and receivers. The global ETC market is expected to steer towards a strong double-digit growth rate in the coming five years (2015-2020). The primary drivers of the upcoming growth comprise the need to save travel time, cashless travel facility, the need to stop/minimize the traffic congestion and fast toll transaction. However, factors like high installation cost and a high dependence on government are hindering the growth of this market to some extent. The ETC market is expected to continue its rapid expansion to meet the surging demand for an improved, safe and secure infrastructure. The ETC system provides fast, efficient and cost-effective services. They have easy to operate buttons with a user-friendly design. They are also beneficial for traffic agencies and companies as these systems eliminate the need for multiple toll plazas, acting as a cost-saving factor for road operator agencies. Electronic toll collection systems have a positive impact on the environment as it reduces the amount of exhaust emitted from vehicles during start-up and stop at manual toll booths.

The ETC market can be categorised into products, technologies, applications and geographies. Transponders, antennae, communication systems, treadles, inductive loops, scanning devices, weigh-in-motion devices, cameras and film storage devices are some of the major products of the system. An electronic toll collection system consists of various subsystems, such as automatic vehicle identification (AVI), automatic vehicle classification (AVC), back-office &integration and violation enforcement system (VES). These subsystems are useful for specific functions -AVI for vehicle identification, AVC for vehicle classification, toll collection transaction by integrating the back-office and payment system and VES to reduce unpaid tolls, by vehicle imaging.

Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-76

On the basis of technologies, the ETC market can be segmented into various categories, such as radio-frequency identification (RFID), dedicated short-range communications (DSRC), video analytics, global navigation satellite system (GNSS) and global positioning system (GPS).Currently RFID and DSRC are the leading technologies. On the other hand, the GNSS and GPS are expected to show a high growth rate in following five years (2015-2020).

Based on applications, the ETC market can be categorized into segments like highway, urban and bridges. Undoubtedly, ETC systems have been installed majorly on highways, but installation in urban areas and on bridges has a bright future opportunity.

Geographically, the ETC market can be segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and Middle East & Africa. Present market scenario represents a strong presence of ETC system in the US, Canada and Mexico in North America, South Korea, Taiwan, Thailand, Malaysia, Hong Kong, Philippines and Singapore in Asia Pacific, and the UK, Ireland, Portugal, France, Germany, Italy and Spain in Europe.

Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-76

Some of the key players in the ETC market are Honeywell International, Inc., Transurban, Transtoll Pty Ltd., Transcore Holdings, Inc., Toll Collect GmbH, TRMI Systems Integration, Sensor Dynamics, Xerox Corporation, 3M, Connect East, EFKON, SAIC, DENSO, Q-Free, Mitsubishi Heavy Industries, Ltd., Perceptics, Thales Group and Kapsch TrafficCom AG. The ETC ecosystem participants offer a wide range of solutions, such as software services and system integration and toll system operations including maintenance, payment handling and revenue assurance. It is the future solution to alleviating traffic congestion problems.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Electronic Toll Collection Market Dynamics, Forecast, Analysis and Supply Demand 2014-2020 here

News-ID: 571636 • Views:

More Releases from Future Market Insights

Global Olive Stone Coffee and Beverage Roasts Market to Reach USD 1,620 Million by 2036 as Sustainable Specialty Brewing Gains Momentum
Global Olive Stone Coffee and Beverage Roasts Market to Reach USD 1,620 Million …
The global olive stone coffee and beverage roasts market is entering a high-growth decade, fueled by sustainability innovation and evolving specialty coffee culture. Valued at USD 510 million in 2026, the market is projected to reach USD 1,620 million by 2036, expanding at a compelling CAGR of 11.5%. As consumers increasingly seek beverages that combine sustainability, functionality, and distinctive taste, olive stone-based roasting solutions are transitioning from niche experimentation to structured
Japan Dried Spent Grain Market to Surpass USD 1.1 Billion by 2036 as Feed Optimization and Fiber-Rich Food Innovation Sustain Growth
Japan Dried Spent Grain Market to Surpass USD 1.1 Billion by 2036 as Feed Optimi …
Japan's dried spent grain market is entering a decade of steady, value-driven expansion, supported by structured feed demand, brewery byproduct utilization, and rising integration of fiber-rich ingredients into food manufacturing. Industry estimates place the market at USD 784.8 million in 2026, with projections indicating growth to USD 1,109.4 million by 2036, reflecting a CAGR of 3.5%. Between 2020 and 2026, demand increased from USD 637.5 million to USD 784.8 million, shaped
USA Food Grade Titanium Dioxide Market to Reach USD 7.3 Million by 2036 Amid Steady Regulatory-Aligned Demand
USA Food Grade Titanium Dioxide Market to Reach USD 7.3 Million by 2036 Amid Ste …
The demand for food grade titanium dioxide in the USA is valued at USD 4.9 million in 2026 and is projected to reach USD 7.3 million by 2036, expanding at a CAGR of 4.1%. Growth remains moderate yet stable, supported by continued use of titanium dioxide as a whitening and opacifying agent across confectionery coatings, bakery decorations, sauces, dairy analogues, and processed food matrices. Despite heightened regulatory scrutiny and evolving clean-label
USA Partially Hydrogenated Oil Market to Reach USD 529.4 Million by 2036 Amid Measured Industrial and Specialty Food Demand
USA Partially Hydrogenated Oil Market to Reach USD 529.4 Million by 2036 Amid Me …
The demand for partially hydrogenated oil in the USA is projected to rise from USD 309.6 million in 2026 to USD 529.4 million by 2036, expanding at a steady CAGR of 5.5%. While edible applications remain tightly regulated, demand persists across specialty industrial and permitted food-related segments where oxidative stability, viscosity control, and texture performance remain critical. Despite regulatory constraints on trans fats in conventional food manufacturing, PHOs continue to serve

All 5 Releases


More Releases for Electronic

Revolutionizing Electronic Warfare: The Power of Cognitive Electronic Warfare Sy …
According to the report published by Allied Market Research, " Cognitive Electronic Warfare System Market by Capability (Electronic Attack, Electronic Protection, Electronic Support, Electronic Intelligence) and by Platform (Naval, Airborne, Land, Space): Global Opportunity Analysis and Industry Forecast, 2023-2032 "Cognitive electronic warfare systems are based on learning action frameworks that use machine learning algorithms and artificial intelligence (AI) to mimic human perception of learning, memory, and judgement. Machine learning, being
Electronic Cigarettes
Electronic Cigarettes are also known as Vaping, which consist of different type of devices that allow the users to inhale an aerosol that might be nicotine, flavoring and other species. Electronic Cigarettes market is expected to mark significant growth over forecasted period owing to increasing technological advancements, change in lifestyle and consists of various flavours and fragrance. There has been significant rise in number of prevalence of adults using e-cigarettes
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine
Electronic Wrapper Market Segmented By loading types semi-automatic electronic w …
A Revolutionary Product for the Packaging Industry The electronic wrapper has been a revolutionizing product in the packaging industry. Electronic wrappers are easy to maintain and comfortable for size changes. The steel built electronic wrappers enable easy access for maintenance and cleaning, thus, gaining a considerable customer base from the packaging industries mainly for food and consumer products. An electronic wrapper is an automated machine, which is programmed to perform a
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other