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The electronic toll collection system market is expected to reach $8.65 Billion by 2020

Thursday, November 3, 2016 15:13
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Electronic toll collection is a cashless tolling system which is increasingly being adopted on highways and urban areas. This system helps to efficiently manage the traffic on highly congested areas and also facilitates the tolling collection process by using the latest technological solutions, such as the RFID, GPS/GNSS technology, DSRC, and video analytics. The governments of different countries are formulating the standards and regulations for the electronic toll collection system market. The value chain of the electronic toll collection system includes the equipment/technology suppliers, original equipment manufacturers, system integrators, and operators.

Electronic toll collection systems are widely adopted in many countries worldwide. The electronic toll collection system plays an important role in ensuring safety for the vehicles while passing through the toll booths, which acts as a catalyst for the growth of this market. The market size of the electronic toll collection system market is expected to grow at a CAGR of 10.93% between 2015 and 2020. This report focuses on detailed segmentations of the market along with qualitative and quantitative analysis of every aspect of the classification on the basis of type, application, and geography. The detailed market forecast till 2020 gives a glimpse of the potential market size in terms of value in this market.

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This report is based on an in-depth research study of the electronic toll collection system market across applications such as highways and urban areas. The report focuses on the various types of emerging applications that are available commercially, and forecasts the market demand for the electronic toll collection system market till 2020. The report profiles the major companies in the electronic toll collection system market, and details their recent developments, new technologies, and agreements for sustaining in this market.  The report also provides the competitive landscapes of the key players which indicate their growth strategies in the electronic toll collection system market.

The report also presents market dynamics such as the drivers, restraints, and opportunities in the market. Apart from the in-depth view on the market segmentation on the basis of type, technology, application, and geography, the report also includes the critical market data and qualitative information for each type along with the qualitative analyses such as the Porter’s five force analysis, value chain analysis, supply chain, and market breakdown. 

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Top key players in this market:

The major players in this market include 3M (U.S.), Kapsch TrafficCom AG (Austria), EFKON AG (Austria), Schneider Electric SE (France), Siemens AG (Germany), Cubic Transportation Systems, Inc. (U.S.), Xerox Corporation (U.S.), Thales Group ( France), Q-Free (Norway), and  TransCore LP (U.S.).

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