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Global Electronic Toll Collection Market to 2023: Development of Smart Cities Across the World Driving Market GrowthDUBLIN, Dec. 4, 2018 /PRNewswire/ -- The "Electronic Toll Collection Market by Technology (RFID, DSRC, & Others (ANPR/ALPR, and Satellite-Based)), Offering (Hardware, and Back Office and Other Services), Application (Highways and Urban Areas), Type, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering. The Overall ETC Market is Estimated to Grow from USD 7.1 Billion in 2018 to USD 10.7 Billion by 2023, at a CAGR of 8.54% Electronic toll collection (ETC) is the latest technology that is designed not only to determine if the vehicle passing through toll plazas is enrolled in the ETC program but also to alert the enforcer when vehicles on toll roads are not enrolled. Additionally, this technology makes it possible to electronically debit the toll amount from the account of the registered patrons without requiring them to stop. Thus, the direct benefit of using ETC is saving drivers' time, while other benefits not only include energy saving, emission reduction, service improvement but also an improvement in the speed and efficiency of the traffic flow. These systems minimize the need for carrying out operations manually. The operations are, thus, always more accurate and reliable, and the possibility of errors also decreases. Key Topics Covered: 1 Introduction 6.1.3 Stagnant Gas Tax Rates in Americas 7 Electronic Toll Collection Market, By Type 7.1 Introduction 7.2 Transponder- Or Tag-Based Tolling Systems 7.2.1 Transponders/Tags Have Witnessed High Adoption Due Their Applicability in RFID, DSRC and Satellite Based Tolling 7.3 Other Tolling Systems 7.3.1 Use of Video Analytics Decreases the Possibility of Scams and Frauds Related to Toll Violation 8 Electronic Toll Collection Market, By Technology 8.1 Introduction 8.2 Radio-Frequency Identification (RFID) 8.2.1 RFID Tags are Cheaper as Compared to GNSS and DSRC Tags 8.3 Dedicated Short-Range Communication (DSRC) 8.3.1 DSRC Based Tags Remain Unaffected By Privacy/Data Protection Issues 8.4 Other Technologies 8.4.1 Video Analytics /ANPR/ALPR 8.4.1.1 Video Analytics Helps in the Identification of Vehicles With Invalid Tags Passing Through the Toll Systems 8.4.2 Global Navigation Satellite System/Global Positioning System (GNSS/GPS) 8.4.2.1 The Popularity of Satellite Based Tolling is Increasing Owing to Its Less Infrastructural Costs 8.4.3 Weight-Based Tolling 8.4.3.1 By Detecting Overloaded Vehicles, Weigh-Based Tolling Have Additionally Contributed to the Safety of the Vehicles 9 Electronic Toll Collection Market, By Offering 9.1 Introduction 9.2 Hardware 9.2.1 Hardware of ETC Systems Comprises of Roadside Equipment and On-Board Units (OBUs) 9.3 Back Office and Other Services 9.3.1 Back Office Services Contribute to Account Management, Billing, Legal Support, and Inquiry Handling 10 Electronic Toll Collection Market, By Application 10.1 Introduction 10.2 Highways 10.2.1 Highways is the Prominent Application for the ETC Systems 10.3 Urban Areas 10.3.1 ETC Systems Have Helped in Reducing Traffic Congestion Issues in Urban Areas 11 Parameters for Charging Toll Amount 11.1 Introduction 11.2 Distance Based 11.2.1 Distance Based Tolling is Categorized as Closed Tolling and Open Tolling 11.3 Point Based 11.3.1 Point Based Tolling Charges Fixed Amount of Tolling Irrespective of the Distance Travelled 11.4 Time Based 11.4.1 Time Based Tolling Charges Drivers for Utilizing Partial Or Whole Road Network 11.5 Perimeter Based 11.5.1 Perimeter Based Tolling is Also Referred as Congestion Charge at Some Places 12 Geographical Analysis 12.1 Introduction 12.2 Americas 12.2.1 North America 12.2.1.1 US 12.2.1.1.1 US is the Largest Market for ETC in North America Region 12.2.1.2 Canada 12.2.1.2.1 Canada ETC Market is Expected to Grow at A Higher CAGR Owing to Significant Investment By ETC Players 12.2.1.3 Mexico 12.2.1.3.1 Highways are Expected to Be the Largest Contributors in the ETC Market of Mexico 12.2.2 South America 12.2.2.1 Brazil 12.2.2.1.1 Sao Paulo Was the First Multi-Lane Free-Flow (Mlff) Toll System in Brazil in 2013 12.2.2.2 Rest of South America 12.2.2.2.1 Chile, Paraguay, Peru, and Guyana are the Major Contributors to the ETC Market in Rest of South America 12.3 Europe 12.3.1 UK 12.3.1.1 Enhanced Technologies, Increased Concerns to Address Traffic Problems to Drive ETC Market in the UK 12.3.2 Germany 12.3.2.1 Advanced Transportation Infrastructure in Germany has Propelled the Growth of ETC Systems 12.3.3 France 12.3.3.1 Deployment of ETC Systems is Well Established in France 12.3.4 Italy 12.3.4.1 Italy has Resolved Interoperability Issue With the Use of Telepass 12.3.5 Rest of Europe 12.3.5.1 Economies Such as Austria, Ireland, and Spain to Drive ETC Market in This Region 12.4 APAC 12.4.1 Japan 12.4.1.1 Japan is Among the Major ETC Contributors in the APAC Region 12.4.2 China 12.4.2.1 Heavy Investment By the Government in Its has Propelled the Growth of ETC Market in China 12.4.3 South Korea 12.4.3.1 South Korea has Done Major Developments in Electronic Tolling Systems Like Hi-Pass Cards 12.4.4 Australia 12.4.4.1 ETC Market in Australia is Expected to Grow at A High CAGR During Forecast Period 12.4.5 Rest of APAC 12.4.5.1 Emerging Economies to Drive the ETC Market in Rest of APAC 12.5 RoW 12.5.1 Middle East 12.5.1.1 UAE 12.5.1.1.1 UAE has Well Organized ETC Market With Salik 12.5.1.2 Rest of Middle East 12.5.1.2.1 Deployment of ETC Systems in Rest of Middle East is Expected to Grow in the Upcoming Years 12.5.2 Africa 12.5.2.1 South Africa 12.5.2.1.1 Sanral is an Operator of the Toll Roads in South Africa 12.5.2.2 Rest of Africa 12.5.2.2.1 Rest of Africa to Grow Gradually in the Upcoming Years Owing to the Improved Need of Infrastructure 13 Competitive Landscape 13.1 Overview 13.2 Market Ranking Analysis (2017) 13.3 Competitive Scenario 13.4 Recent Developments (Top 5 Players) 14 Company Profiles 14.1 Key Players 14.1.1 Kapsch Trafficcom AG 14.1.2 Transcore (Roper Technologies) 14.1.3 Raytheon Company 14.1.4 Conduent Incorporated (Formerly Xerox Corporation) 14.1.5 Thales Group 14.1.6 Cubic Transportation Systems, Inc. 14.1.7 Vinci 14.1.8 Siemens AG 14.1.9 Efkon GmbH 14.1.10 Neology (Formerly 3M) 14.2 Other Key Players 14.2.1 Toshiba 14.2.2 Mitsubishi Heavy Industries, Ltd. 14.2.3 Abertis 14.2.4 Q-Free 14.2.5 Quarterhill (International Road Dynamics) 14.2.6 Tecsidel S.A. 14.2.7 Perceptics 14.2.8 Star Systems International 14.2.9 G.E.A. 14.2.10 Electronic Transaction Consultants (ETC) Corporation 14.2.11 Arh Inc. 14.2.12 Sociedad Ibrica De Construcciones Elctricas, S.A. (SICE) 14.2.13 Autostrade Per L'italia Spa (Atlantia) 14.2.14 Jenoptik 14.2.15 Norbit 14.3 Key Innovators 14.3.1 Far Eastern Electronic Toll Collection Co. (FETC) 14.3.2 Toll Collect GmbH 14.3.3 Geotoll 14.3.4 Indra Sistemas, S.A. 14.3.5 Kistler Group 14.3.6 American Traffic Solutions For more information about this report visit https://www.researchandmarkets.com/research/69f3gs/global_electronic?w=5 About ResearchAndMarkets.com Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Laura Wood, Senior Manager View original content:http://www.prnewswire.com/news-releases/global-electronic-toll-collection-market-to-2023-development-of-smart-cities-across-the-world-driving-market-growth-300759696.html SOURCE Research and Markets |