Global Electronic Toll Collection (ETC) Equipment Market Analysis, Competitors, Growth Rate 2023 | Toshiba, Mitsubishi, Shutoko

Global Electronic Toll Collection Market research report, by type (ETC, AET, transponders, ANPR), product (AVI, AVC), application (highways, urban), technology (RFID, DSRC, GPS/GNSS), by means of toll collection (Prepaid, postpaid) – Forecast till 2027Market OverviewElectronic Toll Collection System is an electronically powered toll collection machine that collects the pre-programmed toll from customers.

An electronic toll collection system is the smart alternative to manual toll collection.

The use of Electronic Toll Collection Systems helps in modernizing public infrastructure and transport systems.There are many persisting problem areas that Electronic Toll Collection Systems aims at solving today.

Electronic Toll Collection Systems help create better traffic systems.

However, the trends of Electronic Toll Collection Market Growth show that the Electronic Toll Collection Market Size will be growing at a rate of 11.20 percent in the near future.

In addition to this, the increased focus of national governments on road safety is also a key factor of growth.

“China Streetcar Market 2024” Report Provides Porters Five Forces Analysis Illustrates the Potency of Buyers & Suppliers Operating in the Industry & the Quantitative Analysis of The Global Market from 2019 to 2024 is Provided to Determine the Market Potential.

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Jul 19, 2019 (AB Digital via COMTEX) -- Wheat Gluten Market – Segmental Analysis

The global wheat gluten market is segmented on the basis of form and application.

Among these, the bakery & confectionery segment is expected to account for the largest market share in the global wheat gluten market during the forecast period.

The major key players in the wheat gluten market are-

According to the intensive analysis by Market Research Future (MRFR), the global market for wheat gluten has been observing high demand in the past few years and is estimated to reach USD 4593.5 million by 2023.

In addition, emerging applications in end-use industry and increasing consumer preference for meat-free diets are anticipated to drive the market growth.

The Global Electronic Toll Collection Market size is estimated to be USD 7.68 billion in 2019 and is predicted to reach USD 18.46 billion by 2030 with a CAGR of 8.3% from 2020-2030.Electronic Toll Collection is a system which is meant for the automatic toll collection without stopping at toll booth.

This helps in the reduction of vehicle congestions and also notifies the entry of non-registered vehicle in the city.Access Full Description of this report at:- https://www.nextmsc.com/report/electronic-toll-collection-market Top Companies: 3M, Transcore Holdings, Inc., Xerox Corporation, TrafficCom, TRMI Systems Integration, Sensor Dynamics, Toll Collect GmbH, Kapsch, Cubic Transportation Systems, Inc., Q-Free and others.The global electronic toll collection market share is analyzed on the basis of subsystem, technology, application and geography.

On the basis of subsystem, the market is segmented into Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, and Transaction Processing.

On the basis of technology, the market is divided into Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), Infrared, GNSS & GPS, and Video Analytics.

Based on application, the market is fragmented into urban and highways.

Furthermore, increase in technological advancement and presence of developed infrastructure coupled with increase in traffic congestions is expected to drive the growth of electronic toll collection market.

FactMR’s report on the shaped liquid cartons market has introduced remarkable insights about the steadily expanding market growing at a CAGR of around 7% during the forecast year of 2019 to 2027.

The market analysis has revealed that the stringent emission standards and preference for eco-friendly & recyclable packaging solutions have led to the growth of shaped liquid cartons in the global market.

The overall sales of shaped liquid cartons was pegged at more than US$ 2.4 Bn in 2018 and the global shaped liquid cartons market is likely to grow at a promising rate during the forecast period owing to growing demand for innovative packaging solutions across the developed as well as developing economies.

In addition, the growing beverage industry along with changing consumer preferences are among the key factors anticipated to amplify the overall sales of shaped liquid cartons over the forecast period.Among regions, East Asia is expected to hold the leading share in the global shaped liquid cartons market owing to a significant increase in beverage packaging solutions in the global market.

The growing demand for eco-friendly and innovative beverage packaging solutions are projected to augment the growth of shaped liquid packaging market in the East Asia region.

The key manufacturers in the shaped liquid cartons market around the globe are also focusing on expanding their production and sales footprint in the region.

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.

11th October, 2018 - Electronic Toll Collection Systems Market has been gaining momentum across the developed economies, such as UK, Germany, U.S., Canada, and France.

Modernization of ETC technology is expected to act as a driving force for the demand across the developing countries such as China and India.Highways and urban areas are increasingly adopting ETC due to its property of a cashless duty system.

This system can be responsible for facilitating the duty collection process using recent technological solutions such as, DSRC, video, GNSS / GPS, and RFID analysis.

As well as effectively responsible for managing traffic on heavily congested areas.

The value chain of ETC systems include OEMs, suppliers of technology & equipment, operators, and system integrators.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/electronic-toll-collection-etc-systems-market/request-sampleETC systems are automated, reducing entire manual operations paying duties by the receivers.

The overall demand is driven by cashless travel facility, fast duty transactions, the need to save travel time, and the requirement to stop as well as minimize traffic congestion.

The electronic toll collection (ETC) system helps in charging the toll from the customer account electronically.

The system has the potential to determine whether the car is registered and alerting the local highway patrol about users that are not registered.

The global electronic toll collection market is competitive owing to the presence of well-diversified international, regional and local players.

The growing electronics and IT industry will influence the ETC systems market.

The growing use of real-time tracking and monitoring of vehicles along with the adoption of sensors has helped in the implementation of ETC systems.

The electronic toll collection system market analysis shows that these regulations and government intervention will boost the demand for the product in the coming years.

Browse complete report description @ https://www.knowledge-sourcing.com/report/electronic-toll-collection-etc-systems-market