Electronic Toll Collection Market Analysis Report, Trends, and Forecast, 2017-2024

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Electronic Toll Collection Market Pit Falls and
Growth Prospects from 2017 to 2024 Global Market
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Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Electronic Toll Collection
Market

• North America is expected to dominate the market
  share during the forecast timespan owing to heavy
  deployment of electronic toll collection systems
  in the developed economies. Stringent government
  regulations and mandatory standards will propel
  the industry demand in this region.
• Asia pacific is predicted to showcase an
  exponential growth rate over the forecast
  timeline owing to high demand of these systems in
  the emerging economies such as China, India,
  South Korea, Philippines, Singapore, and
  Malaysia. Increasing traffic and development of
  road infrastructure has led to these systems
  demand, thus fueling the industry growth.

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• Application Analysis of Electronic Toll
  Collection Market
• On the basis of applications, industry can be
  segmented into urban areas, bridges, and
  highways. Highways are anticipated to account for
  a major market share in the forecast timeline
  owing to tremendous increase in installations of
  electronic toll collection systems across the
  globe. Moreover, rising on-road traffic has also
  propelled this segments growth. Urban areas and
  bridges are projected to showcase a significant
  growth rate and wide scope owing to increasing
  urbanization.
• Based on technology, the industry can be
  categorized into dedicated short range
  communications (DSRC), radio frequency
  identification (RFID), global networking
  satellite systems (GNSS), and global positioning
  system (GPS). RFID and DSRC technologies
  currently exhibit an exponential market share and
  are anticipated to dominate the market in the
  forecast timeframe owing to their wide
  applications. GNSS and GPS technologies are
  expected to showcase a significant growth rate
  during the forecast timeline owing to their
  increasing deployment globally in these systems.

4
Competitive Market Share of Electronic Toll
Collection Market

• Competitors of the industry include Transurban
  Limited, Transcore Holdings Inc., Sensor
  Dynamics, Xerox Corporation, TRMI Systems
  Integration, G.E.A, SAIC, Perceptics Inc.,
  Q-free, Thales Group, Cubic Transportation
  Systems, EFKON AG, Kapsch TrafficCom AG, 3M,
  Connect East, Atlantia SpA, and International
  Road Dynamics.
• The industry players focus on continuous
  upgradations and innovations of these systems for
  gaining the competitive edge. For instance, on
  April 7, 2017, Halifax Darmouth Bridge
  Commissions selected Transcore Holdings Inc. to
  upgrade the toll systems for Mackay and Macdonald
  bridges in Canada.

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