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Electronic Toll Collection Market Present Scenario and Growth Prospects from 2017 to 2024

Request for TOC report @ http://bit.ly/2pOwYcA<br>Electronic Toll Collection Market size is likely to register considerable growth rate in the coming years. Rising demand of effective traffic management owing to increasing on-road traffic and necessity of time savings will drive the electronic toll collection market growth. Enhanced features of these systems such as lesser waiting time, assuring convenience of drivers and operators, cashless travelling facility, less environmental pollution, and reducing traffic congestion at collection plazas are the benefits offered by this technology. <br>

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Electronic Toll Collection Market Present Scenario and Growth Prospects from 2017 to 2024

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  1. Electronic Toll Collection Market Pit Falls and Growth Prospects from 2017 to 2024: Global Market Insights, Inc. 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.

  3. 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 segment’s 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, KapschTrafficCom AG, 3M, Connect East, AtlantiaSpA, 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.

  5. Browse Full Market Research Report On Electronic Toll Collection Market @ http://bit.ly/2qA3bUb Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1615

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