Electronic toll collection system market projected to grow $9.5 billion by 2020

According to a new market research report by MarketsandMarkets, Electronic Toll Collection System Market by Products, Technology Applications and Geography - Analysis & Forecast 2013-2020, the market for electronic toll collection (ETC) is expected to grow at a CAGR of 11.1 per cent from 2013 to 2020, and reach US$9.5 billion in 2020. The overall global electronic toll collection system market is segmented into four major areas: products, technologies, applications and geography. All the major segments a
May 19, 2014 Read time: 3 mins
According to a new market research report by 6418 MarketsAndMarkets, Electronic Toll Collection System Market by Products, Technology Applications and Geography - Analysis & Forecast 2013-2020, the market for electronic toll collection (ETC) is expected to grow at a CAGR of 11.1 per cent from 2013 to 2020, and reach US$9.5 billion in 2020.

The overall global electronic toll collection system market is segmented into four major areas: products, technologies, applications and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report.

The two major driving factors for the global ETC system market are time saving and secured transactions, both of which are expected to boost the market. The growing emphasis on safety and security is considered as being of strategic importance in the ETC market. The report examines different technologies such as RFID, DSRC, video analytics, and Global Navigation Satellite System (GNSS).

4984 Kapsch TrafficCom is one of the providers of ETC. The company's knowledge lies in developing, supplying and operating electronic road user charging solutions. It also offers a wide spectrum of future-ready ETC systems to improve traffic flow, enhance public security, increase road safety, manage access in urban areas, enforce and monitor traffic laws, control traffic flows, prevent congestion, or by detection of incidents on the open road and in the tunnels. The company also thrives on expansion and currently has subsidiaries in 35 countries in Europe, North America, Australia, the Middle East, Latin America, Asia-Pacific, and South Africa, with about 13 million on-board units (OBUs) and more than 11,300 equipped lanes.

Kapsch also supplies intelligent road traffic Telematics solutions to international customers,  developing and supplying products, systems and services for ETC systems and various solutions for open road tolling (ORT), multi-lane free-flow (MLFF) and high occupancy tolling (HOT).

108 Q-Free is one of the leading global suppliers of products and solutions for advanced transportation management and road user charging; which find applications mainly in ETC for congestion charging, road financing, law enforcement, parking/access control and truck tolling. The company is also a leading supplier within DSRC (tag), GNSS and automatic license plate registration (ALPR) based solutions. Q-Free is currently operational in 17 countries and has clients in Latin America, South America, the Middle East, Asia-Pacific, and Europe.

The geographical split for the global electronic toll collection systems market is included in the report. It presents the market share of different geographies of the global ETC market and divides the overall market on the basis of the four major geographical segments, namely North America, Europe, APAC, and rest of world (ROW). North America is seen as the market leader in the overall ETC market, followed by Europe and APAC.
Classification & Data Collection Networking & Communication Systems Urban Traffic Control Location Based Systems Charging, Tolling & RUC

For more information on companies in this article

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