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Electronic Toll Collection Market size is
expected to witness high CAGR from 2019 to 2025
Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Electronic Toll Collection
Market

• North America dominates the electronic toll
  collection market due to the development of
  advanced road facilities and demand for reducing
  traffic congestion. Government authorities in the
  region are implementing ETC systems across roads
  and bridges to improve road transportation. For
  instance, in June 2018, Thousand Islands Bridge
  Authority (TIBA), an authority that controls
  cross border transportation on Thousand Islands
  International Bridge, selected TransCore, a
  leading provider of traffic management system, to
  design, develop, and maintain the ETC system
  across the U.S. and Canadian border.
• APAC electronic toll collection (ETC) market is
  expected to show significant growth due to an
  increase in the development of smart cities and
  traffic congestion in developing countries
  including India and China. The increase in the
  number of passenger vehicles in the region is
  also supporting the increasing demand for ETC
  system deployment.

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• Application Analysis of Electronic Toll
  Collection Market
• ETC facilitates quicker and efficient
  transactions at toll stations as there are no
  cash transactions involved. The toll collected
  directly from bank accounts of vehicle owners
  will reduce the chances of fraud-related cash
  transactions. It will also reduce the chances of
  excess toll collection against the decided fees
  from government authorities. ETC also improves
  data collection at toll stations.
• The manual toll collection system is
  time-consuming as it involves the intervention of
  booth staff. ETC also helps in reducing the
  travel time as vehicles do not have to stop at
  every toll station for paying toll fees. Due to
  ETC systems, the emission of carbon monoxide from
  vehicles will reduce due to the reduction of
  acceleration of idle vehicles waiting at toll
  stations for longer periods. The reduced
  congestion at toll stations also helps in
  reducing the number of accidents near toll
  plazas.

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Competitive Market Share of Electronic Toll
Collection Market

• The companies operating in the electronic toll
  collection market are working together with
  government authorities to improve the toll
  collection system. For instance, in August 2018,
  Kapsch TrafficCom, a leading provider of the
  intelligent transportation system collaborated
  with the Swiss Federal Office for Buildings and
  Logistics (FOBL) and Federal Customs
  Administration (FCA) for upgrading roadside toll
  collection infrastructure.
• Some of the key players operating in the market
  are Kapsch TrafficCom, Mitsubishi Heavy
  Industries, Thales Group, DENSO, Q-Free,
  TransCore, Conduent, Raytheon, Siemens, VINCI,
  EFKON, Neology, TRMI Systems Integration, Sensor
  Dynamics, Toll Collect GmbH, Connect East,
  Quarterhill, Xerox Corporation, SAIC, and
  Perceptics.

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Browse Full Market Research Report On Electronic
Toll Collection Market _at_ http//bit.ly/2JJ2Dmz R
equest for an in-depth table of contents for this
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