In Research, we found Electronic toll collection systems are widely adopted in many countries worldwide. Open road tolling is a type of tolling system which doesn’t employ toll booths. The main advantage provided by open road tolling is that the users can drive vehicles at high speeds, without being stopped at the toll booths. Many companies are engaged in providing new developments related to the electronic toll collection system market. According to the World Health Organization (U.S.), about 1.2 Million people are killed in road accidents every year, and about 50 Million people are injured. The electronic toll collection system plays an important role in ensuring safety for the vehicles while passing through the toll booths, which acts as a catalyst for the growth of this market.
The market size of the electronic toll collection system market is expected to grow at a CAGR of 10.93% between 2015 and 2020. This report focuses on detailed segmentations of the market along with qualitative and quantitative analysis of every aspect of the classification on the basis of type, application, and geography. The detailed market forecast till 2020 gives a glimpse of the potential market size in terms of value in this market.
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This report is based on an in-depth research study of the electronic toll collection system market across applications such as highways and urban areas. The report focuses on the various types of emerging applications that are available commercially, and forecasts the market demand for the electronic toll collection system market till 2020. The report profiles the major companies in the electronic toll collection system market, and details their recent developments, new technologies, and agreements for sustaining in this market. The report also provides the competitive landscapes of the key players which indicate their growth strategies in the electronic toll collection system market.
The report also presents market dynamics such as the drivers, restraints, and opportunities in the market. Apart from the in-depth view on the market segmentation on the basis of type, technology, application, and geography, the report also includes the critical market data and qualitative information for each type along with the qualitative analyses such as the Porter’s five force analysis, value chain analysis, supply chain, and market breakdown.
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Top Key players in this Market,
The major players in this market include 3M (U.S.), Kapsch TrafficCom AG (Austria), EFKON AG (Austria), Schneider Electric SE (France), Siemens AG (Germany), Cubic Transportation Systems, Inc. (U.S.), Xerox Corporation (U.S.), Thales Group ( France), Q-Free (Norway), and TransCore LP (U.S.).