Infinium Global Research has added
a new report on Electronic
Toll Collection Market. The report presents analysis of global as well
as regional markets of electronic toll collection market over the period of
2016 to 2024. The electronic toll collection offered the best solution for the
Traffic Congestion and educed commute times that are driving the growth of
electronic toll collection market. The electronic toll collection system does
not required to build the specific infrastructure. The various governments are
tacking initiative to introduce the electronic toll collection across the toll plazas as this system reduces the fuel
consumption and the emission caused by the low motion through toll plazas. In
addition, increasing installations of electronic toll collections across
various toll plazas are likely to boost the demand of electronic toll
collection system. The electronic toll collection is more continuous due to the
cashless payment and near non-stop motion through toll plazas are contributes
in the growth of electronic toll collection market. However, the slow adoption
of electronic toll collection system among the underdeveloped region is hampering
the growth of electronic toll collection market.
Electronic toll collection is the
system used for automated collection of toll by using wireless technologies
such as optical scanning or the radio frequency communication. The electronic
toll collection is applicable to both moving and stopped vehicles. The manual
toll collection system cause the traffic delays and have major possibility of
errors as well as this is very time consuming method. On the other hand, the
electric toll collection improves the transparency of toll transaction and
helps to Savings on fuel and reduction of emissions from idling and repeated
stops at toll plazas.
The electronic toll collection
offered the best solution for the Traffic Congestion and educed commute times
that are driving the growth of electronic toll collection market. The
electronic toll collection system does not required to build the specific infrastructure.
The various governments are tacking initiative to introduce the electronic toll
collection across the toll plazas as
this system reduces the fuel consumption and the emission caused by the low
motion through toll plazas. In addition, increasing installations of electronic
toll collections across various toll plazas are likely to boost the demand of
electronic toll collection system. The electronic toll collection is more
continuous due to the cashless payment and near non-stop motion through toll
plazas are contributes in the growth of electronic toll collection market.
However, the slow adoption of electronic toll collection system among the
underdeveloped region is hampering the growth of electronic toll collection
market. Moreover, rapidly growing demand of electric toll collection from the
developing region especially from the Asia Pacific is projected to create
various opportunities in the electronic toll collection market over the
forecast period. Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global electronic toll collection market but also make strategic decisions to
capture the most lucrative markets in the near future. The market size is
presented in terms of value for the historic year 2016 and estimated for
forecast period of 2018-2024.
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15% discount for early purchase of global electronic toll collection market
report by clicking the following link, Use code IGRD15 to request the discount
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The recent report identified that
North America dominated the global electronic toll collection market over the
last couple of years, while emerging markets of Asia-Pacific and Latin America
are anticipated to contribute significantly to the growth in the electronic
toll collection market worldwide.
The report segments the global
electronic toll collection market on the basis of Type, Product, Technology and
Applications.
Global Electronic Toll Collection
Market by Type
·
All-Electronic Tolling/Open Road
Tolling (AET/ORT)
·
Electronic Toll Collection (ETC)
Global Electronic Toll Collection
Market by Product
·
Automated Vehicle Identification
(AVI)
·
Automated Vehicle Classification
(AVC)
·
Violation Enforcement System (VES)
Global Electronic Toll Collection
Market by Technology
·
Radio-Frequency Identification
(RFID) Based
·
Dedicated Short-Range
Communication (DSRC) Based
·
Video Analytics Based
·
Global Positioning System Based
Global Electronic Toll Collection
Market by Applications
·
Highway
·
Urban
Companies Profiled in the Report
·
3M
·
Cubic Transportation Systems, Inc
·
Siemens AG
·
Thales Group
·
Conduent Business Services, LLC
·
Kapsch Trafficcom AG
·
Efkon AG
·
Q-Free
·
Transurban Limited
·
Raytheon Company
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