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Electronic Toll Collection Market 2021-2027; Growth Forecast & Industry Share Re

These issues are likely to augment electronic toll collection market demand in congested urban regions, as these solutions allow for toll charging without requiring vehicles to slow down. Digital toll systems also mitigate traffic congestion, improve traffic mobility, reduce the risk of accidents and improve environmental impact.

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Electronic Toll Collection Market 2021-2027; Growth Forecast & Industry Share Re

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  1. Electronic Toll Collection Market 2027: Growth Forecast & Industry Share Report

  2. Industry Insights: • Continuous urbanization and integration of intelligent transport systems worldwide will propel electronic toll collection market share over 2021-2027. Smart transportation systems are being increasingly deployed to address problems associated with traffic congestion. This, coupled with propitious government initiatives will add considerable impetus to industry growth in the years ahead. • These issues are likely to augment electronic toll collection market demand in congested urban regions, as these solutions allow for toll charging without requiring vehicles to slow down. Digital toll systems also mitigate traffic congestion, improve traffic mobility, reduce the risk of accidents and improve environmental impact.

  3. The demand for mobility in urban zones has witnessed a dramatic upsurge in recent years, which has, in turn, boosted the adoption of smart traffic management solutions, in order to enhance the safety and performance of transportation infrastructure. Transportation in urban areas and cities face myriad challenges, from inadequate parking spaces to poor road safety to other traffic congestion-related issues. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1615 • ETC has been integrated across developed and developing economies on a massive scale. To cite an instance, Pikepass, developed and deployed by the Oklahoma Turnpike Authority became the first ETC system in the United States. It is designed to electronically debit the accounts of registered car owners, without the need for stopping. The technology helps in significantly reducing congestion levels near the toll plazas and helps save the drivers’ time.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/electronic-toll-collection-market Chapter 5 Electronic Toll Collection (ETC) Market, By Technology 5.1 Key trends, by technology 5.2 RFID 5.2.1 Market estimates and forecast, 2017 - 2027 5.3 DSRC 5.3.1 Market estimates and forecast, 2017 - 2027 5.4 GPS/GNSS

  5. 5.4.1 Market estimates and forecast, 2017 - 2027 5.5 Video analytics’ 5.5.1 Market estimates and forecast, 2017 - 2027 5.6 Others 5.6.1 Market estimates and forecast, 2017 - 2027

  6. Region: • From a regional perspective, the intensifying focus of governments on decreasing CO2 emissions and integration of digital technologies is anticipated to foster Europe ETC market trends in the years ahead. • A notable example of this is the European government’s plan to mitigate GHG emissions by nearly 55% by 2030. The installation of ETC systems helps to reduce traffic congestion, thereby reducing air pollution and improving public health, as compared to manual toll collection systems. ETC systems are expected to generate fuel consumption savings of almost 4.1 million liters and decrease pollution emissions by 730.89 tons across a nation.

  7. Key Players • Thales Group • Xerox Corporation • FEIG ELECTRONIC GmbH • Jenoptik AG • Cubic Corporation • Atlantia S.p.A.

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