This global Electronic Toll Collection market research report potentially offers plentiful insights and business solutions that will lend a hand to win the competition. While analysing market data, company snapshot, geographical presence, product portfolio, and recent developments are taken into account for studying the company profiles. Business can be taken to the peak level of growth and success with the important market insights covered in this report. This market research report provides a precise analysis of existing scenario of the market, which covers several market dynamics. Each of the factors covered in this report is again researched intensely for the enhanced and actionable market insights.
Global Electronic Toll Collection Market is expected to rise from its initial estimated value of USD 7.14 billion in 2018 to an estimated value of USD 13.69 billion by 2026, registering a CAGR of 8.48% in the forecast period of 2019-2026.
Leading Players of Electronic Toll Collection Market are Kapsch TrafficCom AG, TransCore, Raytheon, Conduent, Thales, Cubic Corporation, Indra, Toshiba, Mitsubishi Heavy Industries, VINCI, Siemens, ABERTIS, Perceptics LLC, SICE, Autostrade per l’Italia, ETC (Electronic Transaction Consultants), American Traffic Solutions, JENOPTIK, STAR Systems International, Kistler Group, ARH Inc., Toll Collect GmbH, NEOLOGY INC Efkon GmbH, Quarterhill Inc., Far Eastern Electronic Toll Collection Co., Ltd., GEOTOOL GmbH, And others
This Electronic Toll Collection report not only offers actionable market insights but also lend a hand to create sustainable and money-spinning business strategies. With the specific and state-of-the-art information provided in this report, businesses can get idea about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product which is already present in the market. It collectively aids in planning business strategies with which you can outperform the competitors. This market report carefully studies market definition, market segmentation, competitive analysis and key developments in the ICT industry.
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Electronic toll collection can be defined as the cashless toll collection technology which aims to solve the problem of traffic congestion on various toll collecting sites due to the time-consuming process of cash or plastic money collection. These tolls do not require the vehicles to stop at the toll booths, as they scan the transponders available in the vehicles for the collection of tolls. They operate alongside the cash tolls so that the vehicles without any transponders can cross the booth as well.
Any new or existing toll or priced facility is a candidate for deploying an ETC system. The reliable and relatively inexpensive technology means this is a standard element of modern toll roads.
Electronic toll collection (ETC) aims to eliminate the delay on toll roads, HOV lanes, toll bridges, and toll tunnels by collecting tolls without cash and without requiring cars to stop.
In April 2018, TransCore announced the introduction regarding the publication of specific protocols and standards known as “Super eGo (SeGo)” for the simplification and increased ease in adoption of transponders and multi-protocol readers. In April 2016, Kapsch TrafficCom AG announced that they had completed the acquisition of Schneider Electric’s Transportation Business. This acquisition is expected to expand Kapsch’s smart transportation system and service portfolios for the various regions.
Global electronic toll collection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electronic toll collection market for global, Europe, North America, Asia Pacific and South America.
Various features and important queries have been answered in top-notch report
- What are the market tools and techniques on the basis of which the Electronic toll collection market is evaluated?
Various market research tools and techniques such as PESTEL analysis, SWOT analysis, Porter’s Five Forces analysis, Primary and secondary research methodologies have utilized to dig deep into this Electronic toll collection market.
- What all regions are covered in this Electronic toll collection market research report?
The focused regions are basically U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
- How does this report prove to be beneficial for the readers?
The Electronic toll collection market report saves crucial time of the readers by providing deep and unbiased insights related to Electronic toll collection market under one roof. Additionally, this report can be customized according to the customers’ requirement. Specific regional wise or country wise analysis is also available as per on request.
In this section, various Electronic toll collection industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
- Sales and Revenue Analysis
Both, sales and revenue are studied for the different regions of the Electronic toll collection Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
- Market Dynamics
The analysts explore critical influence factors, market drivers, challenges, risk factors, opportunities, and market trends in this section.
- Application Usage
The section provides up-to-date information on the customer experience which can help identify the problems as well as detailed errors in the products. Through these findings, you will be able to provide solutions to it.
Major Highlights of TOC:
Chapter One: Electronic toll collection Market Industry Overview
1.1 Electronic toll collection Industry
1.1.2 Products of Major Companies
1.2 Electronic toll collection Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Electronic toll collection Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.2 Electronic toll collection Market Size by Demand
2.3 Electronic toll collection Market Forecast by Demand
Chapter Three: Electronic toll collection Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Electronic toll collection Market Size by Type
3.3 Electronic toll collection Market Forecast by Type
Chapter Four: Major Region of Electronic toll collection Market
4.1 Electronic toll collection Sales
4.2 Electronic toll collection Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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Key Segmentation of Electronic Toll Collection Market
- Back Office & Other Services
- By Application
- Urban Areas
By Parameters of Toll Amount
- Distance Based
- Point Based
- Time Based
- Perimeter Based
- Radio-Frequency Identification (RFID)
- Dedicated Short-Range Communication (DSRC)
- Others (Video Analytics/Automatic Number Plate Recognition (ANPR)/Automatic License Plate Recognition (ALPR), Satellite-Based GNSS/GPS (Global Navigation Satellite System/Global Positioning System), Weigh-in-Motion)
Middle East and Africa
Statistics series and base year evaluation is finished using statistics collection modules with big sample sizes. The marketplace records is analyzed and forecasted the usage of marketplace statistical and coherent models. Additionally marketplace share analysis and key trend evaluation are the most important fulfillment factors within the marketplace record.
The important thing studies technique utilized by DBMR studies team is records triangulation which includes records mining, evaluation of the impact of data variables on the market, and primary (enterprise expert) validation. other than this, other records models consist of dealer positioning grid, market time line analysis, market assessment and manual, enterprise positioning grid, enterprise market proportion analysis, standards of dimension, pinnacle to bottom analysis and dealer share analysis. To recognize more about the studies technique, drop in an inquiry to talk to our industry professionals.
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