An electronic toll collection (ETC) system is a sophisticated application that includes a group of technologies to provide automated non-stop cashless payment of road toll at toll plazas or toll collection center. The system works with various technology-enabled products such as transponders, antennas, sensors, and wireless communication devices equipped with RFID technology.
The vehicles are charged toll, as they drive through the toll gates, by means of various wireless communication devices installed at toll gates and system devices mounted on the vehicle. The vehicle do not have to stop to pay the toll. The ETC system helps to reduce traffic congestion on highways and the traffic management process is also streamlined.
The analysts forecast the Global ETC Systems market to grow at a CAGR of 9.89 percent over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global ETC Systems market for the period 2014-2018. To calculate the market size, this report covers the revenue generated by ETC systems providers. The report also provides data on different segments of the Global ETC Systems market. The market is segmented according to ETC systems products, ETC systems technology, and on the basis of geography.
The report, Global Electronic Toll Collection (ETC) Systems Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the APAC and EMEA regions; it also covers the Global ETC Systems market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the emerging trends in the market is automated cashless transactions at toll gates. With this, vehicle and fleet owners do not have to wait in a long queue to pay the toll. Moreover, the emergence of hybrid technologies has given a major push to the efficiency of these systems.
According to the report, one of the main drivers of the Global ETC Systems market is the growing need to eradicate traffic congestion in metropolitan areas. With an increase in the number of vehicles worldwide, it has become essential to control traffic in a streamlined flow.
Further, the report states that The Global ETC Systems market is capital-intensive in nature, and that is one of the major challenges hindering the growth of the market. The market is characterized by its high cost of operation and maintenance over time, which leads to an increase in cash outflow from businesses.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Global ETC Systems Market
08. Global ETC Systems Market Segmentation
09. Market Segmentation by Products
10. Market Segmentation by Technology
11. Geographical Segmentation
12. Buying Criteria
13. Market Growth Drivers
14. Drivers and their Impact
15. Market Challenges
16. Impact of Drivers and Challenges
17. Market Trends
18. Trends and their Impact
19. Vendor Landscape
20. Key Vendor Analysis
21. Other Reports in this Series
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SOURCE Research and Markets