Key players are Thales Group (France), EFKON AG (Austria), Kapsch AG (Austria), Hitachi Ltd. (Japan), Siemens AG (Germany), Mitsubishi Heavy Industries Ltd. (Japan), 3M (U.S.), Q-Free (Norway)
(PRWEB) May 16, 2014
According to a new market research 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” published by MarketsandMarkets, the market is expected to grow at a CAGR of 11.1% from 2013 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"
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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.
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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.
The two major driving factors for the Global ETC system market are: time saving and secured transaction, 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.
Kapsch TrafficCom AG (a division of Kapsch Group) is one of the providers of ETC (Electronic Toll Collection Systems). The company’s knowledge lays in developing, realizing, and operating electronic road user charging solutions. It also offers a wide spectrum of future-ready ETC (Electronic Toll Collection) to improve traffic flow, enhance public security, increase road safety, and help in protecting environment by managing the access in urban areas, enforcing and monitoring traffic laws, controlling traffic flows, preventing traffic jams, or by detection of incidents on the open road and in the tunnels. The company also thrives on expansion. Since 2004, it established subsidiaries in Moscow (Russia) and Slovenia, and also entered into joint venture with Busi Impianti S.p.A. (Italy); thereby creating Kapsch-Busi S.p.A. As such, since its inception (2002), Kapsch TrafficCom AG has managed to have its subsidiaries in 23 countries. As of 2009, it did perform 210 installations in 35 countries all over Europe, North America, Australia, the Middle East, Latin America, Asia-Pacific, and South Africa; with about 13 million OBUs and more than 11,300 equipped lanes.
Kapsch TrafficCom AG is known for supplying intelligent road traffic telematics solutions at the international level. It does develop and sell products, systems, and services on the primary basis for ETC systems and specializes in various solutions for ORT (Open Road Tolling), MLFF (Multi-Lane Free-Flow), and HOT (High Occupancy Tolling).
Q-Free is one of the leading global suppliers of products and solutions for advanced transportation management and road user charging; which find applications mainly in ETC (Electronic Toll Collection) for congestion charging, road financing, law enforcement, parking/access control, and truck tolling. The company is also a leading supplier within DSRC (tag), GNSS (Global Navigation Satellite System), and ALPR (Automatic License Plate Registration)-based solutions. It has its clientele in Latin America, South America, the Middle East, Asia-Pacific, and Europe. Q-Free is operational in 17 countries as of now. It is listed on the Oslo Stock Exchange.
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.
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