Global $15.65bn Electronic Toll Collection Market by Subsystem Technology and Application - Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 18, 2018--The “Electronic Toll Collection Market by Subsystem Technology and Application - Global Opportunity Analysis and Industry Forecast, 2018-2025” report has been added to ResearchAndMarkets.com’s offering.
According to the report, 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.
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.
Key FindingsIn 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.
DriversRising demand for effective traffic management at toll collection center Cashless Travelling Reduced environmental pollution
RestraintHigh initial installation and operational cost of electronic toll collection system
OpportunitiesIncreased adoption of ETC system in the developing regions Stringent government regulations regarding toll collection
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Electronic Toll Collection Market, by Subsystem
Chapter 5: Electronic Toll Collection Market, by Technology
Chapter 6: Electronic Toll Collection Market, by Application
Chapter 7: Electronic Toll Collection Market, by Region
Chapter 8: Company ProfilesToshiba Corporation Raytheon Thales Siemens AG Kapsch Conduent (Xerox Corporation) Cubic Transportation Transcore (Roper Technologies) Perceptics Efkon GmbH
For more information about this report visit https://www.researchandmarkets.com/research/nl2lj8/global_15_65bn?w=4
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Related Topics:Telematics and Vehicle Electronics
INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT
SOURCE: Research and Markets
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PUB: 09/18/2018 05:35 PM/DISC: 09/18/2018 05:35 PM