Electronic Toll Collection Market Size, Dynamics & Forecast Report

11th October, 2018 - Electronic Toll Collection Systems Market has been gaining momentum across the developed economies, such as UK, Germany, U.S., Canada, and France.

Modernization of ETC technology is expected to act as a driving force for the demand across the developing countries such as China and India.Highways and urban areas are increasingly adopting ETC due to its property of a cashless duty system.

This system can be responsible for facilitating the duty collection process using recent technological solutions such as, DSRC, video, GNSS / GPS, and RFID analysis.

As well as effectively responsible for managing traffic on heavily congested areas.

The value chain of ETC systems include OEMs, suppliers of technology & equipment, operators, and system integrators.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/electronic-toll-collection-etc-systems-market/request-sampleETC systems are automated, reducing entire manual operations paying duties by the receivers.

The overall demand is driven by cashless travel facility, fast duty transactions, the need to save travel time, and the requirement to stop as well as minimize traffic congestion.

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The global electronic toll collection market held USD 9331.8 million in 2020 and is to grow with a CAGR of 10.7% during forecast period.

Electronic devices & semiconductors are critical technological enablers that power a large number of today's cutting-edge digital gadgets.

With the Covid-19 epidemic driving increased demand for electronic gadgets, the world's electronics and semiconductor industries predict a bright future.Market Dynamics and Factors:The use of safety-related electronics technologies in the automobile industry has exploded.

The major driver of semiconductor growth in consumer electronics will be head-mounted displays.

Based on application, the market is bifurcated into urban and highways.

Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.Browse Full Report On Global Electronic Toll Collection Market at https://www.decisionforesight.com/reports/electronic-toll-collection-marketCompetitive Analysis:Thales SAKapsch TrafficCom AGToshiba CorporationConduent LLCRaytheonSiemens AGCubic TransportationTransCore LPPerceptics LLCEFKON GmbHXerox CorporationGeographic Analysis:On a regional basis,North American consumer electronics industry is expected to develop steadilybecause of the large number of internet users and the early adoption of smart household electric equipment& IOT Technology.

The electronic toll collection (ETC) system helps in charging the toll from the customer account electronically.

The system has the potential to determine whether the car is registered and alerting the local highway patrol about users that are not registered.

The global electronic toll collection market is competitive owing to the presence of well-diversified international, regional and local players.

The growing electronics and IT industry will influence the ETC systems market.

The growing use of real-time tracking and monitoring of vehicles along with the adoption of sensors has helped in the implementation of ETC systems.

The electronic toll collection system market analysis shows that these regulations and government intervention will boost the demand for the product in the coming years.

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The Global Electronic Toll Collection Market size is estimated to be USD 7.68 billion in 2019 and is predicted to reach USD 18.46 billion by 2030 with a CAGR of 8.3% from 2020-2030.Electronic Toll Collection is a system which is meant for the automatic toll collection without stopping at toll booth.

This helps in the reduction of vehicle congestions and also notifies the entry of non-registered vehicle in the city.Access Full Description of this report at:- https://www.nextmsc.com/report/electronic-toll-collection-market Top Companies: 3M, Transcore Holdings, Inc., Xerox Corporation, TrafficCom, TRMI Systems Integration, Sensor Dynamics, Toll Collect GmbH, Kapsch, Cubic Transportation Systems, Inc., Q-Free and others.The global electronic toll collection market share is analyzed on the basis of subsystem, technology, application and geography.

On the basis of subsystem, the market is segmented into Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, and Transaction Processing.

On the basis of technology, the market is divided into Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), Infrared, GNSS & GPS, and Video Analytics.

Based on application, the market is fragmented into urban and highways.

Furthermore, increase in technological advancement and presence of developed infrastructure coupled with increase in traffic congestions is expected to drive the growth of electronic toll collection market.

Global Electronic Toll Collection Market research report, by type (ETC, AET, transponders, ANPR), product (AVI, AVC), application (highways, urban), technology (RFID, DSRC, GPS/GNSS), by means of toll collection (Prepaid, postpaid) – Forecast till 2027Market OverviewElectronic Toll Collection System is an electronically powered toll collection machine that collects the pre-programmed toll from customers.

An electronic toll collection system is the smart alternative to manual toll collection.

The use of Electronic Toll Collection Systems helps in modernizing public infrastructure and transport systems.There are many persisting problem areas that Electronic Toll Collection Systems aims at solving today.

Electronic Toll Collection Systems help create better traffic systems.

However, the trends of Electronic Toll Collection Market Growth show that the Electronic Toll Collection Market Size will be growing at a rate of 11.20 percent in the near future.

In addition to this, the increased focus of national governments on road safety is also a key factor of growth.

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Pipeline analysis across different stages of development (Phase III and Phase II), different emerging trends and comparative analysis of pipeline products with comprehensive clinical profiles, key cross-competition, launch date along with product development activities.

Electronic Toll Collection (ETC) Systems Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/4804 UpMarketResearch offers a latest published report on “Global Electronic Toll Collection (ETC) Systems Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.

Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.

The statistics are represented in graphical format for a clear understanding on facts and figures.The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.

Secondary research techniques are implemented for better understanding and clarity for data analysis.The report for Electronic Toll Collection (ETC) Systems market analysis & forecast 2018-2023 is segmented into Product Segment, Application Segment & Major players Region-wise Analysis Global Electronic Toll Collection (ETC) Systems Market covers:North AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa)The Major players reported in the market include:Atlantia SpA (Italy)Cubic Corporation (USA)DENSO CORPORATION (Japan)EFKON AG (Austria)Far Eastern Electronic Toll Collection Co. (FETC) (Taiwan)E.A.

(France)GeoToll (USA)International Road Dynamics, IncKapsch TrafficCom AG (Austria)NeologyPerceptics LLC (USA)Q-FREE ASA (Norway)Raytheon Company (USA)Sanef (France)Siemens AG (Germany)Star Systems International Limited (Hong Kong)Thales GroupRevenue Markets Inc. (TRMI) (USA)Toll Collect GmbH (Germany)TransCore Holdings, Inc (USA)Xerox Corporation (USA)For More Information, Please Visit https://www.upmarketresearch.com/home/enquiry_before_buying/4804 Global Electronic Toll Collection (ETC) Systems Market: Product Segment Analysis:Vehicle Automatic Understanding SystemShort Range CommunicationGlobal Position Finding Satellite System Global Electronic Toll Collection (ETC) Systems Market: Application Segment Analysis:HighwayCommunityCampusThe Report covers in-depth analysis as follows:Chapter 1 Overview of Electronic Toll Collection (ETC) SystemsChapter 2 Global Market Status and Forecast by RegionsChapter 3 Global Market Status and Forecast by TypesChapter 4 Global Market Status and Forecast by Downstream IndustryChapter 5 Market Driving Factor Analysis of Electronic Toll Collection (ETC) SystemsChapter 6 Electronic Toll Collection (ETC) Systems Market Competition Status by Major ManufacturersChapter 7 Electronic Toll Collection (ETC) Systems Major Manufacturers Introduction and Market DataChapter 8 Upstream and Downstream Market Analysis of Electronic Toll Collection (ETC) SystemsChapter 9 Cost and Gross Margin Analysis of Electronic Toll Collection (ETC) SystemsChapter 10 Marketing Status Analysis of Electronic Toll Collection (ETC) SystemsChapter 11 Report ConclusionChapter 12 Research Methodology and Reference Buy Electronic Toll Collection (ETC) Systems Market analysis & forecast 2018-2023 Report along with complete TOC @ https://www.upmarketresearch.com/buy/electronic-toll-collection-etc-systems-global-market“Electronic Toll Collection (ETC) Systems Market Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.