DUBLIN--(BUSINESS WIRE)--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
