Electronic Toll Collection: A Global Strategic Business Report
San Jose, CA (PRWEB) February 19, 2009
The global Electronic Toll Collection Systems has witnessed substantial growth in the current decade. The industry is moving ahead at a significant growth rate. Toll operators across major markets such as North America and Europe continue to convert existing tolling roads and deploy advanced ETC systems in new road development projects. Various governments are employing road user pricing as an effective means to reduce traffic congestion and vehicular emissions. The ETC market in Asia-Pacific is also flourishing with a number of major projects currently under progress and several new ones breaking ground in countries such as Australia, Malaysia, India, and Singapore.
On the technology front, toll collection has witnessed a gradual evolution. From manual toll collection in the 1990s, technology evolved to electronic toll collection (both infrared and DSRC- based). Currently, DSRC microwave is the most prevalent technology used in toll collection worldwide. However, the era of satellite-based technology has dawned and despite a few snags, is emerging as the technology of the future.
Together, Europe and the US account for more than 70% of the world's Electronic Toll Collection Systems revenues. Automatic Vehicle Identification systems represent the largest product segment in the US market. Rest of World market, fuelled by rapid adoption in Japan and growing adoption of Electronic Toll Collection Systems in emerging countries of Asia Pacific, is projected to be the fastest growing market.
The relatively fragmented ETC systems market, a part of the broader Intelligent Transportation Systems sector, is no exception to consolidation trends in industries worldwide. Several mergers and acquisitions have led to the emergence of prominent market participants. Market players include Atlantia S.P.A, Caseta Technologies Inc., International Road Dynamics Inc., Jai Pulnix Inc., Kapsch TrafficCom AG, Perceptics LLC, Q-FREE ASA, Siemens Electronic Tolling, Sirit Inc., Toll Collect GmbH, TransCore, and Transtoll among others.
The report titled "Electronic Toll Collection: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of world market trends and drivers, industry issues and challenges. The study presents extensive commentary on the electronic toll collection industry, hard-to-find statistical facts, product segments, competitive assessment, new product introductions, strategic corporate activity and key player profiles. The study offers market data analytics in dollar terms for major regional markets including United States, Europe and Rest of World. Key product segments analyzed for the US market include Automatic Vehicle Identification, Automatic Vehicle Classification, and Video Enforcement System.
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