Electronic Toll Collection System Market to Grow at 11.1% CAGR from 2014 to 2020 Says a New Report at ReportsnReports.com
Dallas, Texas (PRWEB) May 31, 2014 -- 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.
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 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.
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 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), Schneider Electric (France), Robert Bosch GmbH (Germany), TransCore (U.K), Xerox Corporation (U.S.) and TRMI Systems Integration (U.S.).
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Table Of Contents
1 Introduction
1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size Estimation
1.5.2 Market Breakdown and Data Triangulation
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
1.5.5 Report Assumptions
1.5.6 Key Companies Covered During Study
2 Executive Summary
3 Market Overview
3.1 Introduction
3.2 Market Definition
3.3 Market Segmentation
3.4 History & Evolution of ETC System Market
4 Market Analysis
5 Global ETC Market By Product
5.1 Introduction
5.2 ETC System
5.3 Global ETC System Market, By Products
5.3.1 Avi
5.3.1.1 Transponder
5.3.1.2 Antenna
5.3.1.3 Communication System:
5.3.2 Avc
5.3.2.1 Inductive Loop
5.3.2.2 Treadles
5.3.2.3 Weigh in Motion Device
5.3.2.4 Light Beam
5.3.2.5 Scanning Device
5.3.2.6 Video Image Processing
5.3.3 Ves
5.3.3.1 Camera
5.3.3.2 Film Storage Device
5.3.4 Back office & Integration
6 Global ETC System Market By Technology
6.1 Introduction
6.1.1 RFID Based ETC System
6.1.2 DSRC (Dedicated Short Range Communication) Based ETC System
6.1.3 Video Analytics Based ETC System
6.1.4 Gnss/Cellular (GPS) Based ETC System
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7 Global ETC System Market, By Application of ETC
7.1 Introduction
7.1.1 Highway
7.1.2 Urban
8 Global ETC System Market By Geography
9 Competitive Landscape
9.1 Introduction
9.2 Market Share Analysis
9.3 Key Growth Strategies
9.4 Competitive Situation &Trend
9.4.1 New Product, Project, Applications, Concept Launched
9.4.2 Agreement, Contract, Program, Expansion, Acquisition, Program, Facility Launch
9.4.3 Awards & Recognition
9.4.4 Others
10 Company Profiles (Overview, Products and Services, Financials, Strategy & Development)*
10.1 3m
10.2 Atkins
10.3 Connecteast
10.4 Continental
10.5 CS Group
10.6 Denso
10.7 Efkon
10.8 Gatso Australia
10.9 Honeywell
10.10 International Road Dynamics
10.11 Jada Technologies
10.12 Jai
10.13 Kapsch Trafficcom Ag
10.14 Mitsubishi
10.15 Perceptics
10.16 Q-Free
10.17 Raytheon
10.18 Redflex Traffic Systems
10.19 Saic
10.20 Sensor Dynamics
10.21 Sirit
10.22 Thales
10.23 TMRI
10.24 Toll Collect
10.25 Transcore
10.26 Transtoll
10.27 Transurban
10.28 Xerox Corporation
109 List of Tables
84 List of Figures
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