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Electronic Toll Collection Market Poised to Grow at a CAGR of 9.3% by 2024


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.

 

Get 15% discount for early purchase of global electronic toll collection market report by clicking the following link, Use code IGRD15 to request the discount in the given form

https://www.infiniumglobalresearch.com/reports/request-discount/1838

 

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

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.




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