The global electronic toll collection system market is expected to reach up to $9.5 Billion by 2020, at an estimated CAGR of 11.1% from 2014 to 2020.
(PRWEB) July 29, 2014
The growing demand for Electronic Toll Collection systems has increasingly shifted focus towards optimization in the areas of efficiency, faster service, and cost. In Global ETC market the major products included are Transponder, Antenna, communication system, Inductive Loop, Treadles, Weigh-In-Motion Device, Light Beam, Scanning device, Video Image Processing Device, Camera, Film Storage Device, and Back Office and Integration.
The ETC technologies are generally segmented into radio frequency identification (RFID), dedicated short-range communications (DRSC), video analytics, and global navigation satellite system (GNSS). The two main ETC technology competitions are DSRC and RFID – RFID toll gates is used in North America, while the DSRC is the standard technology used in Europe and Asia with a mixed position and Short-range (RFID/DSRC) versus wide area (GNSS + Cellular). The future growth is mainly focused on wide area technology. The application of Electronic Toll Collection system is found on Highways and Urban Roads. Complete report is available at http://www.rnrmarketresearch.com/electronic-toll-collection-system-market-by-products-avi-avc-ves-back-office-integration-technology-rfid-drsc-video-analytics-gnss-applications-highway-urban-geography-analys-market-report.html.
The overall Global electronic toll collection system market is segmented into four major segments: product, technologies, application, and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report. The global electronic toll collection system market is expected to reach up to $9.5 Billion by 2020, at an estimated CAGR of 11.1% from 2014 to 2020.
Geographical split for the Global electronic toll collection system market is included in the report. It presents the market share of different geographies of the Global ETC market. This report divides the overall market on the basis of the four major geographical segments, namely North America, Europe, APAC, and ROW. NA is the market leader in the overall ETC market, followed by Europe and APAC.
The major driving factors that hold the Electronic Toll Collection market are - no need to halt the vehicle to pay the toll, efficient and faster service, drivers no longer have to be concerned about having cash or precise change on hand, saves money on gas, minimal halts to pay the toll. Major players in this Electronic Toll Collection market are 3m, Atkins, Connecteast, Continental, CS Group, Denso, Efkon, Gatso Australia, Honeywell, International Road Dynamics, Jada Technologies, Jai, Kapsch Trafficcom Ag, Mitsubishi, Perceptics, Q-Free, Raytheon, Redflex Traffic Systems, Saic, Sensor Dynamics, Sirit, Thales, TMRI, Toll Collect, Transcore, Transtoll, Transurban, and Xerox Corporation. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=153942.
Electronic toll collection systems rely on four major components: automated vehicle identification, automated vehicle classification, transaction processing, and violation enforcement. The four components are somewhat independent, and, in fact, some toll agencies have contracted out functions separately. In some cases, this division of functions has resulted in difficulties.
Electronic Toll Collection system is mainly installed for the ease of transportation. In this system, tolls are collected with the help of electronic equipment installed on the roadside and without reducing the speed of the vehicle or stopping it. An ETC system consists of four segments named Automatic Vehicle Identification (AVI), Automatic Vehicle Characterization (AVC), Vehicle Enforcement System (VES), and Back Office and Integration. The most important applications of ETC are on highways and in the urban context of congested cities, allowing to charge tolls without vehicles having to slow down. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=153942.
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