Electronic Toll Collection Systems Market Global Analysis and Forecast to 2027 by Key Players – (Conduent, Kapsch Group, Mitsubishi Heavy Industries Machinery Siemens Mobility GmbH, Thales Group,Continuum Electroproducts )

Electronic toll collection systems market is expected to grow to US$ 9.1 billion by 2027 from US$ 5.2 billion in 2017. Tolls refer to the fees charged by the various state, or central government across various transportation infrastructure such as bridges, tunnels, highways, and expressways among others. The electronic toll collection constitutes automatic vehicle identification (AVI), vehicle classification (AVC) and collection of transit transaction as per government guidelines without manual supervision. Further, the identification of violators and their subsequent fine enforcement is also considered under the scope of electronic toll collection systems.

The ETC system offers versatile benefits such as congestion management, minimizing traffic at toll plazas, reducing vehicular traffic at highways and providing actionable insights into traffic patterns apart from providing seamless toll collection process. This was attributed in the system popularity among developed countries and has fueled the system demand among emerging third world economies. Moreover, the long-term economic and safety benefits are also expected to drive the growth of electronic toll collection systems market in the forecast period.

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Currently, the companies operating in the electronic toll collection systems market offer a mix of hardware equipment and services to their clients such as signal transponders, vehicle-onboard device, cameras, and support services. Further, the companies also offer insights and reports to related agencies for making informed decisions and framing policies for infrastructure development. As a result, by offerings, the global electronic toll collection systems market is segmented into hardware equipment, and services. Further, by the technology used the market is broadly categorized into ANPR (Automate Number Plate Recognition), DSRC (Dedicated Short Range Communication), GNSS (Global Navigational Satellite System), and others (video analytics, mobile, smart cards) segments. The leading players in electronic toll collection systems market are attempting to leverage the data gathered from ETC system to offer innovative, intelligent transportation services that augment the traveling experience to the individuals.

The state of road infrastructure plays a crucial role in the growth of the economy as it connects the important cities, towns, and metropolitan cities for freight transportation by road. Moreover, the continuous maintenance, expansion as well as improvement in expressways, highways, bridges, and tunnels ensure the continuous, uninterrupted movement of goods that contribute towards their value-add to the GDP of a country. However, matching of road infrastructure growth along with the number of registered vehicles can be quite challenging for the administrators. As a result, the central or state government agency deploy various tolls, fees, the tax levied across strategic locations on roadways for financing new infrastructure, maintenance, controlling traffic, and management of congestion of vehicles to name a few objectives of toll gateways. Thus, the electronic toll collection systems market is expected to generate lucrative business opportunities for the players in the coming years.

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 Companies Mentioned:

1. Conduent, Inc.

  1. Kapsch Group
  2. Mitsubishi Heavy Industries Machinery Systems, Ltd.
  3. Siemens Mobility GmbH
  4. Thales Group
  5. Continuum Electroproducts LLP
  6. EFKON GmbH
  7. Neology, Inc.
  8. QuaLiX Information System LLP
  9. SkyToll, a. s.

Table of Contents:

  1. INTRODUCTION 14
  2. KEY TAKEAWAYS 16
  3. ELECTRONIC TOLL COLLECTION SYSTEMS MARKET LANDSCAPE 18
  4. ELECTRONIC TOLL COLLECTION SYSTEMS MARKET - KEY INDUSTRY DYNAMICS 32
  5. ELECTRONIC TOLL COLLECTION SYSTEMS - GLOBAL MARKET ANALYSIS 36
  6. ELECTRONIC TOLL COLLECTION SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 - OFFERINGS 40
  7. GLOBAL ELECTRONIC TOLL COLLECTION SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 - BY TECHNOLOGY USED 44
  8. ELECTRONIC TOLL COLLECTION SYSTEMS MARKET - GEOGRAPHICAL ANALYSIS 50
  9. INDUSTRY LANDSCAPE 90
  10. COMPETITIVE LANDSCAPE 93
  11. GLOBAL ELECTRONIC TOLL COLLECTION SYSTEMS- COMPANY PROFILES 96
  12. APPENDIX 127

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Posted by on Wednesday May 15 2019, 10:02 AM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release, Semiconductors, Transportation. Comments and Trackbacks are open. Follow responses: RSS 2.0

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