Electronic Toll Collection Market Applications, Regional Study, Industry Size and Emerging Technologies by Forecast to 2027
Market Research Future published a research report on “Electronic Toll Collection System Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market Highlights
Market Research Future (MRFR), along with its latest report on the electronic Toll collection market 2020, releases the impact of COVID 19 pandemic on the market. Other causes that are observed to cast powerful impact on the Electronic Toll Collection System market is expected to promote the expansion of the electronic Toll collection market in the years to come. As per MRFR analysis, the expansion of the electronic toll collection system can be attributed to rise in the need for electronic solutions with increased time efficiency. MRFR analysis reveals that the global electronic toll collection system can rise at 11.2% CAGR across the assessment period. The electronic toll collection global electronic toll collection system can value at USD 13,819 Mn on the conclusion of the study period. The use of automation facilities in identification of vehicles and technological advancements across transportation industry can cause the expansion of the market.
Competitive Analysis
Thales SA, Conduent Inc., Xerox Corporation, Kapsch TrafficCom AG, Q-Free ASA, Cubic Corporation, Siemens AG, The Revenue Markets Inc., Grenobloise dElectronique ET dAutomatismes (GEA) SA, Quarterhill Inc., and Raytheon Co are some noteworthy contenders in the electronic toll collection system market global market.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4971
Segmental Analysis
The segment study of the electronic toll collection system is done by type, means of collection, product, technology, and application.
The type based segments of the electronic toll collection market are all automatic number plate recognition (ANPR), electronic tolling (AET), and electronic toll collection (ETC) among others. The electronic toll collection (ETC) segment can rise at 13.2% CAGR across the review period. From 2017 to 2023, the electronic toll collection market value can rise from USD 2,731.2 million to USD 5,652.8 million.
The product based segments of the electronic toll collection market are automated vehicle classification (AVC) and automatic vehicle identification (AVI). The automatic vehicle identification segment can generate revenue worth USD 8,582.8 million on the conclusion of the study period.
The technology based segments of the electronic toll collection market are radio frequency identification (RFID), dedicated short-range communications (DSRC), and global positioning system (GPS) among others. The dedicated short-range communication segment can bring turnover of about USD 4,390.6 million by 2023. The dedicated short-range communication segment can thrive at 12.3% CAGR in the years to come.
The means of collection based segment of the electronic toll collection market are post-paid and prepaid. The prepaid segment can rise at 12.2% CAGR in the evaluation period.
The application based segments of the electronic toll collection market are urban, and highways among others. The highways segment can thrive at 12% CAGR across the assessment period.
Detailed Regional Analysis
The Middle East, Africa, Asia Pacific, North America, and Europe are major regions where ongoing trends and growth prospects of the electronic toll collection market are studied. The rise in the need for digital payments at toll facilities can underline the expansion of the market in North America across the study period in the years to come. The increase in digital transfer practise can boost the expansion of the electronic toll collection market in Asia Pacific and Europe. Developments in communications standards and increase in the tangibility of mega smart city can bolster the expansion of the electronic toll collection market in India and other regions of APAC across the study period. The rise of the electronic toll collection market in APAC can also be attribute to the increase in the demand of consumers demand for extraordinary improvements in the compactness of computer hardware. The presence of modern technologies, such as high-performance identification tags and wireless networks can boost the expansion of the regional market in the assessment period.
Get Complete Report @ https://www.marketresearchfuture.com/reports/electronic-toll-collection-market-4971
Report Overview
Market Trends and Competitive Landscapes
Segmentation of Market by Type
Segmentation of Market by End-Users
Electronic Toll Collection Analysis by Major Regions
Product Commodity of Market in Major Countries
North America Electronic Toll Collection Landscapes Analysis
Europe Electronic Toll Collection Landscapes Analysis
Asia Pacific Electronic Toll Collection Landscapes Analysis
Latin America, Middle East & Africa Electronic Toll Collection Landscapes Analysis
Major Players Profile
About Us:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Contact Information:
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Comments
Post a Comment