DALLAS, June 4, 2015 /PRNewswire/ --
According to the new market research report "Electronic Toll Collection System Market by Type (ETC and AET), Product (AVI and AVC), Technology (RFID, DSRC, Video Analytics, and GNSS/GPS), Application (Highway and Urban) and Geography - Analysis & Forecast (2014-2020)", published by marketsandmarkets, the Electronic Toll Collection System Market, in terms of value, is estimated to grow at $8.65 Billion by 2020 and CAGR of 10.93% between 2015 and 2020. This report includes an in-depth analysis of the technology type, applications, and geography.
Browse 66 market data Tables and 58 Figures spread through 182 Pages and in-depth TOC on "Electronic Toll Collection System Market"
Early buyers will receive 10% customization on this report.
Electronic toll collection system can be used as an effective replacement for conventional tolling systems. Electronic toll collection systems prevent delays on the toll roads by collecting the tolls electronically. Various technologies such as RFID, DSRC, and GPS/GNSS are used in the electronic toll collection system. The increasing demand for efficient traffic management is a major driver for the growth of this market. The advantages provided by the electronic toll collection system include reduced driving time, avoiding congestion at toll plazas, and ensuring convenience of vehicle drivers and toll operators. Electronic Toll Collection Systems Market is mainly used on highways, and urban areas.
This report describes the market trends, drivers, and challenges with respect to the electronic toll collection system market, and forecasts the market up to 2020. It gives a detailed view of the market across the four geographies, namely, North America, Europe, APAC, and RoW. North America and Europe are the largest regions in terms of the market value. APAC has been identified as the fastest-growing region for this market, with India leading the way. The RoW is also among the major regions driving the growth of this market. The report profiles the 10 most promising players in the electronic toll collection system market.
The competitive landscape of the market represents how several market players from different phases of the electronic toll collection system value chain are operating together. The market is witnessing large scale collaborations and partnerships across the value chain, among a considerable number of tier-one players around the globe.
Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=224492059
The major players in this market include 3M (U.S.), Kapsch TrafficCom AG (Austria), EFKON AG (Austria), Schneider Electric SE (France), Siemens AG (Germany), Cubic Transportation Systems, Inc. (U.S.), Xerox Corporation (U.S.), Thales Group ( France), Q-Free (Norway), and TransCore LP (U.S.).
Browse related reports
Intelligent Transportation Systems Market by Component, Application, System (ATMS, ATIS, ITS- Enabled Transportation, Pricing System, APTS and CVO), by Component, Application and Geography (Americas, Europe, APAC, ROW) Analysis and Forecast to 2014 - 2020
IoT in Transportation Market by Components (Semiconductor, Wireless, and Others), Products, Software & Services, Verticals (Road, Rail, Air, and Maritime), Solutions, Applications, and Geography - Analysis & Forecast to 2014 - 2020
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets