Ensuring free flow of traffic, reducing traffic congestion on highways and in other urban areas, eliminating physical interaction with the system are some of the primary factors boosting the growth of the electronic toll collection system. The likeliness of failure of these systems in adverse climate conditions such as rain, fog, dirt, or the presence of moisture on the tag attached to the vehicle are the factors that might hinder the growth of the market. Furthermore, high manufacturing cost of sophisticated tag circuitry hinders the growth of the market. However, increased vehicle safety, improving public transport and formulation of more user friendly standards and regulations for toll collection are some of the major factors that will offer promising growth opportunities in the electronic toll collection systems market.
The electronic toll collection system market is segmented on the basis of type, technology, application, product and geography. Based on type, the market is segmented into electronic toll collection (ETC) and All Electronic Tolling (AET). On the basis of product the market is further segmented into AVI and AVC. On the basis of technology the market is segmented into RFID, DSRC, GPS/GNSS, and video analytics ETC systems. On the basis of application, the report segments the market into urban areas and highways. On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. Some of the prominent market players profiled in the report include Xerox Corporation, 3M, Schneider Electric SE, EFKON AG, Siemens AG, Kapsch TrafficCom AG, among others.
KEY BENEFITS FOR STAKEHOLDERS:
The report provides a comprehensive analysis of current & future market trends and emerging avenues for the growth of the market across the globe
The report offers insights on competitive landscape, new technological developments, untapped segments
Value chain analysis of technology suppliers, original equipment manufacturers, system integrators, and key operators is offered in the report
This report entails the detailed quantitative analysis of the current market and estimations through 2014 - 2020, which assists in identifying the prevailing market opportunities
The report offers strategic analysis of financial status of key market players, and highlights market share of key vendors
ELECTRONIC TOLL COLLECTION SYSTEM MARKETSEGMENTS
World Electronic Toll Collection System Market - By Type
Electronic Toll Collection (ETC)
All Electronic Tolling (AET)
World Electronic Toll Collection System Market -By Product
AVI
AVC
World Electronic Toll Collection System Market -By Technology
RFID
DSRC
GPS/GNSS
Video analytics
World Electronic Toll Collection System Market By Application
Urban areas
Highway
World Electronic Toll Collection System Market By Geography
North America
Europe
Asia-Pacific
LAMEA
KEY MARKET PLAYERS
Kapsch Trafficom AG
Thales Group
Siemens AG
Schneider Electric SE
Xerox Corporation
3M
Transcore, LP
Efkon AG
Q-Free
Raytheon company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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