Electronic Toll Collection Market by Subsystem Technology and Application - Global Opportunity Analysis and Industry Forecast, 2018-2025

  • ID: 4621200
  • Report
  • Region: Global
  • 465 pages
  • Allied Analytics LLP
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The global electronic toll collection market is expanding rapidly to cater to the growing demands of safe and faster transportation infrastructure. Moreover, technological advancements in this industry have enforced governments across the globe to make heavy investments on toll lanes. For instance, Croatia is expected to become the first European country to install free-flow tolling across its existing DSRC network. The Croatian Ministry of Sea, Transport and Infrastructure is investing $9 million to deploy ETC system and replace existing manual payment booths by 2020.

Among the analyzed geographical regions, North America exhibits the highest adoption of electronic toll collection systems. On the other hand, Asia-Pacific is expected to grow at a faster pace during the forecast period.

The free-flow system offered by ETC is able to manage several lanes by electronically collecting tolls from vehicles as they pass beneath an overhead gantry. This system is currently being widely used in countries such as the U.S., Australia, Canada, Chile, and Israel. Furthermore, in the electronic toll collection systems, the GPS technology is expected to replace RFID technology in the future.

The global electronic toll collection market is segmented based on subsystem, technology, application, and region. By subsystem, the market is divided into automated vehicle identification, automated vehicle classification, violation enforcement system, and transaction processing. On the basis of technology, it is fragmented into RFID, dedicated short-range communication, infrared, GNSS/GPS, and video analytics. Depending on application, it is divided into urban and highways. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the global electronic toll collection market include Kapsch Group, Thales Group, Toshiba Corporation, Raytheon, Conduent LLC, Siemens AG, TransCore LP, Cubic Transportation, Perceptics LLC, and EFKON GmbH.

These players focus on vital market strategies, such as mergers, acquisitions, collaborations, and partnerships, to strengthen their market outreach, thereby retaining their position in the competitive market.

KEY BENEFITS FOR STAKEHOLDERS

This study includes the analytical depiction of the global electronic toll collection market along with current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding key drivers, restraints, and opportunities.
The market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the industry.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the global industry.

KEY MARKET SEGMENTS

BY SUBSYSTEM

Automated Vehicle Identification
Automated Vehicle Classification
Violation Enforcement System
Transaction Processing

BY TECHNOLOGY

Radio-frequency Identification (RFID)
Dedicated Short-range Communication (DSRC)
Infrared
GNSS & GPS
Video Analytics

BY APPLICATION

Urban
Highways

BY REGION

North America
Europe
Asia-Pacific
LAMEA
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2017 (%)
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Rising demand for effective traffic management at toll collection center
3.5.1.2. Cashless Travelling
3.5.1.3. Reduced environmental pollution
3.5.2. Restraint
3.5.2.1. High initial installation and operational cost of electronic toll collection system
3.5.3. Opportunities
3.5.3.1. Increased adoption of ETC system in the developing regions
3.5.3.2. Stringent government regulations regarding toll collection

CHAPTER 4: ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM
4.1. OVERVIEW
4.2. AUTOMATED VEHICLE IDENTIFICATION (AVI)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. AUTOMATED VEHICLE CLASSIFICATION (AVC)
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. VIOLATION ENFORCEMENT SYSTEM
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. TRANSACTION PROCESSING
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country

CHAPTER 5: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY
5.1. OVERVIEW
5.2. RADIO-FREQUENCY IDENTIFICATION (RFID)
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. DEDICATED SHORT RANGE COMMUNICATION (DSRC)
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region Market analysis by country
5.4. INFRARED
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. GNSS/GPS
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
5.6. VIDEO ANALYTICS
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country

CHAPTER 6: ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION
6.1. OVERVIEW
6.2. URBAN
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. HIGHWAYS
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country

CHAPTER 7: ELECTRONIC TOLL COLLECTIONMARKET, BY REGION
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by subsystem
7.2.3. Market size and forecast, by technology
7.2.4. Market size and forecast, by application
7.2.5. Market analysis by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by subsystem
7.2.5.1.2. Market size and forecast, by technology
7.2.5.1.3. Market size and forecast, by application
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by subsystem
7.2.5.2.2. Market size and forecast, by technology
7.2.5.2.3. Market size and forecast, by application
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by subsystem
7.2.5.3.2. Market size and forecast, by technology
7.2.5.3.3. Market size and forecast, by application
7.3. EUROPE
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by subsystem
7.3.3. Market size and forecast, by technology
7.3.4. Market size and forecast, by application
7.3.5. Market analysis by country
7.3.5.1. U.K.
7.3.5.1.1. Market size and forecast, by subsystem
7.3.5.1.2. Market size and forecast, by technology
7.3.5.1.3. Market size and forecast, by application
7.3.5.2. Germany
7.3.5.2.1. Market size and forecast, by subsystem
7.3.5.2.2. Market size and forecast, by technology
7.3.5.2.3. Market size and forecast, by application
7.3.5.3. France
7.3.5.3.1. Market size and forecast, by subsystem
7.3.5.3.2. Market size and forecast, by technology
7.3.5.3.3. Market size and forecast, by application
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by subsystem
7.3.5.4.2. Market size and forecast, by technology
7.3.5.4.3. Market size and forecast, by application
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by subsystem
7.3.5.5.2. Market size and forecast, by technology
7.3.5.5.3. Market size and forecast, by application
7.4. ASIA-PACIFIC
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by subsystem
7.4.3. Market size and forecast, by technology
7.4.4. Market size and forecast, by application
7.4.5. Market analysis by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by subsystem
7.4.5.1.2. Market size and forecast, by technology
7.4.5.1.3. Market size and forecast, by application
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by subsystem
7.4.5.2.2. Market size and forecast, by technology
7.4.5.2.3. Market size and forecast, by application
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by subsystem
7.4.5.3.2. Market size and forecast, by technology
7.4.5.3.3. Market size and forecast, by application
7.4.5.4. Australia
7.4.5.4.1. Market size and forecast, by subsystem
7.4.5.4.2. Market size and forecast, by technology
7.4.5.4.3. Market size and forecast, by application
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by subsystem
7.4.5.5.2. Market size and forecast, by technology
7.4.5.5.3. Market size and forecast, by application
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by subsystem
7.5.3. Market size and forecast, by technology
7.5.4. Market size and forecast, by application
7.5.5. Market analysis by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by subsystem
7.5.5.1.2. Market size and forecast, by technology
7.5.5.1.3. Market size and forecast, by application
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by subsystem
7.5.5.2.2. Market size and forecast, by technology
7.5.5.2.3. Market size and forecast, by application
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by subsystem
7.5.5.3.2. Market size and forecast, by technology
7.5.5.3.3. Market size and forecast, by application

CHAPTER 8: COMPANY PROFILES
8.1. TOSHIBA CORPORATION
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. RAYTHEON
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.3. THALES
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.4. SIEMENS AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments
8.5. KAPSCH
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments
8.6. CONDUENT (XEROX CORPORATION)
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. CUBIC TRANSPORTATION
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments
8.8. TRANSCORE (ROPER TECHNOLOGIES)
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments
8.9. PERCEPTICS
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.10. EFKON GMBH
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Key strategic moves and developments
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According to a recent report titled, Electronic Toll Collection Market by Subsystem, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global electronic toll collection market was valued at $6,855.5 million in 2017, and is projected to reach at $15,648.2 million by 2025, growing at a CAGR of 10.7% from 2018 to 2025.

Electronic toll collection (ETC) system is a high-end technology, which facilitates collection of fees at highways. It automatically charges vehicles without requiring them to stop at the tolls. In addition, it aids in efficiently managing the traffic in highly congested areas, and facilitates the toll collection process by using the latest technological solutions such as GPS & GNSS toll collection and tracking solutions.

Asia-Pacific is expected to be a dominant player in the global electronic toll collection market, due to increase in demand for vehicles among citizens and rise in use of IoT in the automobile segment. Moreover, technological advancements in the automotive industry and government initiatives such as investment in R&D in electronic toll collection propel the growth of the market. For instance, on October 30, 2017, BMW Japan Corp. began installing DSRC ETC units as standard on all models sold in the country, including motorbikes. Japan witnesses highest penetration of ETC devices across the world, with almost 60 million active units. Unlike other DSRC domains in Europe, Asia, or South America, all units are embedded into the dashboard and come with a separate receiver to ensure line of sight with the gantry.

Based on subsystem, the radio-frequency identification (RFID) segment dominated the market in 2017, owing to its high adoption rate globally.

Key Findings of the Electronic Toll Collection Market:

In 2017, the RFID segment generated the highest revenue in the global electronic toll collection market.
In 2017, automated vehicle classification generated the highest revenue among the other subsystem types.
Based on application, highways dominated the market worldwide in 2017.

Major players operating in the global electronic toll collection market include Kapsch Group, Thales group, Toshiba Corporation, Raytheon, Conduent LLC, Siemens AG, TransCore LP, Cubic Transportation, Perceptics LLC, and EFKON GmbH.
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