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Global Vehicle License Plate Market Outlook to 2022 - Growing Popularity of RFID-based License Plate - ResearchAndMarkets.com

December 6, 2018

DUBLIN--(BUSINESS WIRE)--Dec 6, 2018--The “Global Vehicle License Plate Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.

One trend in the market is growing popularity of RFID-based license plate. RFID tags are traditionally placed on the windshield to allow the RFID readers at the toll plazas to extract the vehicle identification number and make online toll payment. RFID tags are now being embedded into the electronic license plate.

According to the report, one driver in the market is increasing vehicle registrations year-on-year. The growth in emerging markets, in line with the ongoing industrialization, and global trade activity. particularly in the BRIC countries. has been vigorous. Over the last few years, China has maintained its position as the world’s largest automotive market. The automotive market in India is dynamic and is rapidly growing: therefore, many auto OEMs are entering the market to tap the huge potential.

Further, the report states that one challenge in the market is rise in use of car sharing services and alternate transportation. Car sharing service is a car rental model, wherein people rent cars for a short period, often by the hour. This model is attracting customers who occasionally use vehicles and want to drive different vehicles. The car-sharing market provides a cost-efficient solution for vehicles owners.Market TrendsGrowing Popularity of RFID-based License PlateDigital License PlatesAutomated and Highly Secure License Plate Manufacturing ProcessKey PlayersUTSCHTönnjes E.A.S.TRosmerta TechnologiesWaldale Irwin Hodson GroupUTALFuwong License Plate

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor AnalysisFor more information about this report visit https://www.researchandmarkets.com/research/h4qxpx/global_vehicle?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005837/en/

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KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/06/2018 01:56 PM/DISC: 12/06/2018 01:55 PM

http://www.businesswire.com/news/home/20181206005837/en

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