“Electronic Toll Collection (ETC) market worth $5.3 billion in 2019” says Visiongain report

16 January 2019
Automotive

Visiongain’s new report Electronic Toll Collection (ETC) Market Report : Forecast & Outlook By Subsystem (Automated Vehicle Identification (AVI), Automated Vehicle Classification (AVC), Violation Enforcement System (VES), Transaction Processing) By Technology (Radio-Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), Infrared, GNSS/GPS, Video Analytics) By Application (Urban, Highway) & By Region Plus Analysis of Leading Companies indicates that the global Electronic Toll Collection (ETC) market will each $5.3 billion in spending in 2019.

The lead analyst of the report said: "The adoption of Electronic Toll Collection (ETC) is expected to increase significantly in the coming years owing to increasing need for safe and efficient traffic management, and environmental pollution mitigation. Also, infrastructural developments in developing countries will generate opportunities for ETC market players. The Asia Pacific accounts for one of the largest road networks across the world. Countries such as India provide great opportunity for ETC expansion as large number of toll lanes are still manually operated. NHAI is rolling out a plan to make the Indian expressway ETC enabled by 2018 end, which gives great opportunities for ETC service providers. However, the high installation cost of ETC systems may hamper the electronic toll collection market.

In the coming years, market players are focusing on integration of artificial intelligence into traffic management and toll collection. For example, in 2018, Conduent, introduced its technology and innovation hub in the greater Raleigh area. This hub focuses on digital interactions using machine learning, artificial intelligence, and others. The technological advancement in Electronic Toll Collection (ETC) systems will reduce the cost gap between smart toll and manual toll collection, increasing the adoption of Electronic Toll Collection (ETC) systems."

The 169 page report contains 162 tables, charts and graphs that add visual analysis in order to explain developing trends within the Electronic Toll Collection (ETC) market. Visiongain provides sales revenue forecasts for the period 2019-2029 for the various subsystems. The report offers market forecast and analysis for 4 regions and 14 leading 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 the Electronic Toll Collection (ETC) market.

The Electronic Toll Collection (ETC) Market Report 2019-2029 report will be of value to anyone who wants to better understand the Electronic Toll Collection (ETC) 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 Electronic Toll Collection (ETC) industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.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.

Recent News

Visiongain Publishes Automotive Powertrain Market Report 2022-2032

The major factors driving the demand for the passenger powertrain market are the rising demand for automated transmission and the growing trend of engine downsizing as it can reduce fuel consumption and emissions, at the same time providing the required performance of a larger engine.

24 January 2022

Read

Visiongain Publishes Advanced Truck Technologies Market Report 2022-2032

Improved infrastructure, increased urbanisation, and a more professional logistics sector will drive demand for larger and more sophisticated vehicles in both Asia and Africa, in addition to the usual low-cost market.

21 January 2022

Read

Visiongain Publishes Automation & Robotics in Automotive Manufacturing Market Report 2022-2032

The advantages of using industrial robotics in the manufacturing business have been extensively documented in recent years; they can be quickly programmed to adapt to new production lines, have a lower margin of error than humans, and work for longer periods of time with minimum supervision.

12 January 2022

Read

Visiongain Publishes Automotive Chips Market Report 2022-2032

Consumer electronics, data processing, and communication electronics are predicted to increase steadily, while automotive and industrial electronics are expected to be the fastest growing markets in the semiconductor industry.

31 December 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever