Market Highlights
Market Research Future (MRFR), along with its latest report on Electronic Toll Collection Market Size 2020, releases the impact of COVID 19 pandemic on the market. Other causes that are observed to cast powerful impact on the Electronic Toll Collection System market is expected to promote the expansion of the electronic Toll collection market in the years to come. As per MRFR analysis, the expansion of the electronic toll collection system can be attributed to rise in the need for electronic solutions with increased time efficiency. MRFR analysis reveals that the global electronic toll collection system can rise at 11.2% CAGR across the assessment period. The electronic toll collection global electronic toll collection system can value at USD 13,819 Mn on the conclusion of the study period. The use of automation facilities in identification of vehicles and technological advancements across transportation industry can cause the expansion of the market.
Competitive Analysis
Thales SA, Conduent Inc., Xerox Corporation, Kapsch TrafficCom AG, Q-Free ASA, Cubic Corporation, Siemens AG, The Revenue Markets Inc., Grenobloise dElectronique ET dAutomatismes (GEA) SA, Quarterhill Inc., and Raytheon Co are some noteworthy contenders in the electronic toll collection system market global market.
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Segmental Analysis
The segment study of the electronic toll collection system is done by type, means of collection, product, technology, and application.
The type based segments of the electronic toll collection market are all automatic number plate recognition (ANPR), electronic tolling (AET), and electronic toll collection (ETC) among others. The electronic toll collection (ETC) segment can rise at 13.2% CAGR across the review period. From 2017 to 2023, the electronic toll collection market value can rise from USD 2,731.2 million to USD 5,652.8 million.
The product based segments of the electronic toll collection market are automated vehicle classification (AVC) and automatic vehicle identification (AVI). The automatic vehicle identification segment can generate revenue worth USD 8,582.8 million on the conclusion of the study period.
The technology based segments of the electronic toll collection market are radio frequency identification (RFID), dedicated short-range communications (DSRC), and global positioning system (GPS) among others. The dedicated short-range communication segment can bring turnover of about USD 4,390.6 million by 2023. The dedicated short-range communication segment can thrive at 12.3% CAGR in the years to come.
The means of collection based segment of the electronic toll collection market are post-paid and prepaid. The prepaid segment can rise at 12.2% CAGR in the evaluation period.
The application based segments of the electronic toll collection market are urban, and highways among others. The highways segment can thrive at 12% CAGR across the assessment period.
Detailed Regional Analysis
The Middle East, Africa, Asia Pacific, North America, and Europe are major regions where ongoing trends and growth prospects of the electronic toll collection market are studied. The rise in the need for digital payments at toll facilities can underline the expansion of the market in North America across the study period in the years to come. The increase in digital transfer practise can boost the expansion of the electronic toll collection market in Asia Pacific and Europe. Developments in communications standards and increase in the tangibility of mega smart city can bolster the expansion of the electronic toll collection market in India and other regions of APAC across the study period. The rise of the electronic toll collection market in APAC can also be attribute to the increase in the demand of consumers demand for extraordinary improvements in the compactness of computer hardware. The presence of modern technologies, such as high-performance identification tags and wireless networks can boost the expansion of the regional market in the assessment period.
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Report Overview
Market Trends and Competitive Landscapes
Segmentation of Market by Type
Segmentation of Market by End-Users
Electronic Toll Collection Analysis by Major Regions
Product Commodity of Market in Major Countries
North America Electronic Toll Collection Landscapes Analysis
Europe Electronic Toll Collection Landscapes Analysis
Asia Pacific Electronic Toll Collection Landscapes Analysis
Latin America, Middle East & Africa Electronic Toll Collection Landscapes Analysis
Major Players Profile
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Electronic Toll Collection Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Electronic Toll Collection include TransCore, Xerox Corporation, Intelligent Transportation Systems (India) Pvt.
Ltd., Honeywell International Inc., EFKON GmbH, Thales Group, Toshiba Corporation, Conduent Business Services, LLC, Verra Mobility, Mitsubishi Heavy Industries Machinery Systems Ltd., International Road Dynamics Inc., FEIG ELECTRONIC GmbH, Tecsidel, S.A., Atlantia S.p.A., Siemens AG, ARH Inc., Cubic Corporation, Kapsch TrafficCom, Jenoptik AG, Perceptics, LLC, Electronic Transaction Consultants, LLC, Kent- QuaLiX, and Q-Free ASA..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Electronic Toll Collection Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electronic-toll-collection-market/download-sampleMarket SegmentationThe broad Electronic Toll Collection has been sub-grouped into the Technology, Type, Payment Method, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
Electronic Toll Collection Market – Worldwide OverviewElectronic Toll Collection (ETC) System market, over the past few years is perceiving a rapid upsurge evolving extensively.
Emergence of these systems has brought up the convenience of systematic, congestion free travel experience & a much reduced traveling time.
Which, people are actually enjoying & appreciating increasingly demanding for these systems to be implemented at the toll collection centres for the highways, sea links & fly overs.
Besides, these systems are embedded with some unequally designed features such as Card payment (cashless travel facility), appropriate charging for the single/ return journey & most importantly some value added services like accident & emergency incidence aid/assistance.
Besides implementation of ETCs ensure savings on transaction costs for government agencies as well as private road owners.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4971Technological advancements transpired in the field of ETC have introduced mobile apps for Tags collection which are further easing efforts people put in for down loading the toll payment receipts from their email account.
Acknowledging the increasing demand & growth the market is witnessing currently, Market Research Future (MRFR) has recently published a brilliant study report.
