Data Bridge Market research’s has recently launched the Electronic Toll Collection research study with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. This Electronic Toll Collection market research report estimates the size of the market with respect to the information on key retailer revenues, development of the industry by upstream and downstream, industry progress, key companies, key developments, along with market segments and application. This study also analyzes the market status, market share, growth rate, sales volume, future trends, market drivers, market restraints, revenue generation, opportunities and challenges, risks and entry barriers, sales channels, and distributors.
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.
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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.
“Global Electronic Toll Collection Market, 2020-2026” provides data for historic and forecast sales globally, and also includes regional analysis, growth by region, major brands and their strategies. In addition, it analyses the key trends influencing Electronic Toll Collection market.
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.
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
Some of the Actionable Report Insights for Better Mapping of Business Strategies
Comprehensive data and brilliant forecasting techniques used in Electronic Toll Collection report coincide with precision and correctness
This research report analysis and data lend a hand to businesses for the planning of production, product launches, costing, inventory, purchasing and marketing strategies.
This Electronic Toll Collection Study gives better ideas and solutions in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours.
The competitive analysis is performed in this report which covers strategic profiling of key market players, their core competencies, and competitive landscape of the market which aids businesses characterize their individual strategies.
What are the challenges major manufacturers will face as well as new opportunities and threats faced by them
This Electronic Toll Collection market research report supports to secure economies in the distribution of products and find out the best way of approaching the potential.
Key Segmentation of Electronic Toll Collection Market
By Type (Transponder/Tag-Based, Others),
Technology (RFID, DSRC, Others),
Offering (Hardware, Back Office & Other Services),
Application (Highways, Urban Areas),
Parameters of Toll Amount (Distance Based, Point Based, Time Based, Perimeter Based),
Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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