Demand for Effective Tolling Systems Drives the Global Market for Electronic Toll Collection (ETC) Systems, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Electronic Toll Collection (ETC) Systems markets. Global market for Electronic Toll Collection (ETC) Systems is projected to reach US$7.8 billion by 2020, driven by growing demand for effective tolling systems on highways and urban motorways.

Electronic Toll Collection (ETC) Systems: A Global Strategic Business Report

Follow us on LinkedIn – Electronic Toll Collection (ETC) systems are bringing in massive changes to the toll collection methods, enabling significant time/cost savings and greater convenience for commuters, while simultaneously generating greater revenues for operating agencies. Given the challenges and inconsistencies associated with the implementation and operation of traditional toll collection systems such as manual toll collection and automated toll collection, ETC systems are fast growing in popularity and are even replacing the traditional tolling infrastructure in most of the nations.

Progressive developments in the economic and environmental sectors are positively influencing governments across the world to make bulk investments in this new toll collection mechanism. From express ETC lanes with cash lanes off to the side to ‘Open Road Tolling systems’, where commuters need not stop or slowdown for making transportation fee payments, ETC technologies have introduced several new concepts to the traditional toll collection practices. The new-age All Electronic Tolling (AET) lanes with open road tolling systems use fully automated electronic toll collection technology that eliminates manual collection of toll payments and physical operation of toll barriers. These ETC systems provide cashless, highway speed toll collection that offers greater convenience and highway security for commuters and tollbooth operators. Besides, ETC systems enhance the guidance and monitoring of vehicles using the latest communication technologies and navigation mechanisms such as Dedicated Short Range Communication (DSRC), Radio Frequency Identification (RFID) and Global Positioning System (GPS).

Growing preference for car pools and shared taxis by frequent toll way users, although intended to share burden of toll charges, is helping reduce number of private vehicles plying on toll ways, thus reducing traffic congestion and vehicular pollution. Vehicular emissions have been time and again found to be the main reason behind deteriorating air quality. Carbon dioxide emissions from vehicles are especially high during peak traffic hours and during traffic congestions, which calls for immediate attention. This creates a strong business case for ETC systems, which by reducing number of vehicles plying on roads, helps cuts down vehicular emissions substantially.

As stated by the new market research report on Electronic Toll Collection (ETC) Systems, the United States represents the largest market worldwide. China ranks as the fastest growing market with a CAGR of 19.5% over the analysis period of 2013-2020. China has one of the biggest road infrastructure networks in the world. Through deployment of effective ETC network, China intends to benefit from advantages offered by ETC systems such as improved road efficiency as these systems won’t require vehicles to stop at the toll plaza to pay toll tax.

Major players in the market include 3M, Atlantia SpA, G.E.A., International Road Dynamics Inc., Kapsch TrafficCom AG, Mihailo Pupin Institute, Perceptics Inc., Q-FREE ASA, Raytheon Company, Sanef, Schneider Electric SA, Siemens AG, Toll Collect GmbH, Transcore Holdings Inc., TRMI Systems Integration, and Xerox Corporation.

The research report titled “Electronic Toll Collection (ETC) Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Italy, Spain, Austria, Portugal and Rest of Europe), China, South Korea and Rest of World.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Electronic_Toll_Collection_ETC_Systems_Market_Report.asp    

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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