AP NEWS

Global $15.65bn Electronic Toll Collection Market by Subsystem Technology and Application - Forecast to 2025 - ResearchAndMarkets.com

September 18, 2018

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 Findings

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.

Market Dynamics

Drivers

Rising demand for effective traffic management at toll collection center Cashless Travelling Reduced environmental pollution

Restraint

High initial installation and operational cost of electronic toll collection system

Opportunities

Increased 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 Profiles

Toshiba 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

View source version on businesswire.com:https://www.businesswire.com/news/home/20180918006134/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T. Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Telematics and Vehicle Electronics

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/18/2018 05:35 PM/DISC: 09/18/2018 05:35 PM

http://www.businesswire.com/news/home/20180918006134/en

AP RADIO
Update hourly