The major players Siemens AG (Germany), Mitsubishi Heavy Industries Ltd. (Japan), 3M (U.S.), Q-Free (Norway), Schneider Electric (France), Robert Bosch GmbH (Germany), TransCore (U.S.), Xerox Corporation (U.S.) and TRMI Systems Integration (U.S.).
(PRWEB) January 08, 2015
The report of "Electronic Toll Collection System Market by Products (AVI, AVC, VES, Back office & Integration), Technology (RFID, DRSC, Video Analytics, & GNSS), Applications (Highway, & Urban) & Geography - Analysis & Forecast 2013 - 2020", the market is expected to grow at a CAGR of 11.1% from 2014 to 2020 and reach $9.5 Billion in 2020.
Browse more than 109 market data tables with 84 figures spread through 368 pages and in-depth TOC on "Electronic Toll Collection System Market - Analysis & Forecast 2013 - 2020"
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Global electronic toll collection market is a fast developing market, which includes four segments; namely AVI, AVC, VES, and Back office & integration.
The various technology used in this Electronic Toll Collection System are Radio Frequency Identification (RFID), Dedicated Short-Range Communications (DSRC), video analytics, Global Navigation Satellite System (GNSS) and cellular. In general the ETC system comprises of four subsystems called Automatic Vehicle Identification (AVI), Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), and transaction processing, which includes a back office and integration. The major applications covered in the ETC market are Highways and Urban.
The two major driving factors for the Global ETC system market are: time saving and secured transactions, both of which, are expected to boost the market; the growing emphasis on safety & security is considered as being of strategic importance in the ETC market. In the report, different technologies are discussed; such as RFID, DSRC, Video Analytics, and GNSS.
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.
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