‘Automotive Pay As You Go” Market Worth Usd 7.34 Billion In 2018’ Says Visiongain Report

03 August 2018
Automotive

Visiongain’s new report the Automotive Pay As You Go (PAYG) Road Charging Market Report 2018-2028 : Forecasts By Type (Electronic Toll Collection (ETC), All Electronic Toll (AET) Collection) By Infrastructure Type (Highway, Urban) By System Type (Automated Vehicle Identification (AVI), Automated Vehicle Classification (AVC), By Technology (Radio Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), Video Analytics, Global Positioning System (GPS)) Plus Analysis of VES, Internet of Things (IoT) Intelligent Transportation Systems (ITS) & Pay As You Drive (PAYD) Technologies indicates that the global automotive pay as you go market will reach USD 7.34 billion in 2018.

The lead analyst of the report said: “The Automotive Pay as You Go market is expected to grow at a healthy rate during the forecast period. Electronic toll collection systems are rapidly becoming the most popular way for commuters to pass through tolls on highways and expressways. The fact that drivers need not carry any cash is one of the main reasons why electronic toll systems have become so popular. Apart from traffic and time constraints, increased demand for vehicles in developing countries such as India and China is driving the growth of the pay as you go market. Countries such as the US, China, India, UK, Germany, are increasing infrastructure spending which is expected to fuel the growth of the pay as you market during the forecast period. Increasing penetration of mobile/application based payment technologies and wide use of GPS based technologies are also fuelling the growth of the pay as you market. “

The 194 page report contains 226 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive pay as you go market market. Visiongain provides forecasts for the period 2018-2028 for pay as you go market submarkets, by type (Electronic Toll Collection (ETC), All Electronic Toll (AET) Collection) By Infrastructure Type (Highway, Urban) by system type (Automated Vehicle Identification (AVI), Automated Vehicle Classification (AVC) and by technology (Radio Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), Video Analytics, Global Positioning System (GPS))

The comprehensive report offers market forecasts and analysis for the 5 regional and 17 national markets and the rest of the world market. In addition, the report contains a dedicated leading companies’ chapter covering more than 10 companies leading the field in automotive pay as you go technologies.

The Automotive Pay As You Go (PAYG) Road Charging Market Report 2018-2028: Forecasts By Type (Electronic Toll Collection (ETC), All Electronic Toll (AET) Collection) By Infrastructure Type (Highway, Urban) By System Type (Automated Vehicle Identification (AVI), Automated Vehicle Classification (AVC), By Technology (Radio Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), Video Analytics, Global Positioning System (GPS)) Plus Analysis of VES, Internet of Things (IoT) Intelligent Transportation Systems (ITS) & Pay As You Drive (PAYD) Technologies report will be of value to anyone who wants to better understand the pay as you go market market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the automotive industry.

Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, pharmaceutical, materials and telecoms sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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