Thailand & Philippines Tolling & City Congestion Market - Outlook to 2025: A $1.47 Billion Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 16, 2019--The “Thailand and Philippines Tolling & City Congestion Market by Product Type: Opportunity Analysis and Industry Forecast, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The Thailand and Philippines tolling & city congestion market was valued at $381.1 million in 2017, and is projected to reach $1,474.7 million by 2025, registering a CAGR of 18.6% from 2018 to 2025.
Factors such as rise in demand for efficient traffic management solutions, increase in the number of vehicles, and reduction in environmental pollution are the major factors driving the adoption of tolling & city congestion systems.
However, high capital investment for transportation & tolling system, large database requirement for road & tolling network, and low acceptance ratio are the major restraining factors for this market.
Furthermore, investments in the idea of smart cities and innovation of smart signal have created lucrative opportunities for Thailand and Philippines tolling & city congestion market.
Select FindingsBased on product type, the UTM segment dominated the Thailand and Philippines tolling & city congestion market in 2017. Philippines is anticipated to exhibit the highest CAGR during the forecast period.
Key PlayersAlstom Conduent (Xerox Corporation) Cubic Transportation Efkon GE Transportation Kapsch Raytheon Siemens Toshiba Corporation Thales
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Thailand & Philippines Tolling & City Cogestion Market, by Product Type
Chapter 5: Thailand & Philippines Tolling & City Cogestion Market, by Country
Chapter 6: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/9dhxv3/thailand_and?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190116005392/en/
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KEYWORD: ASIA PACIFIC PHILIPPINES THAILAND
INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT AUTOMOTIVE OTHER AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/16/2019 07:19 AM/DISC: 01/16/2019 07:19 AM