Electronic Toll Collection Systems Market To Witness Growth Owing To Rising Demand From Technology Industries Till 2025

25th September 2018: This Report Studies the ****** Electronic Toll Collection Systems Market size, industry status and forecast, competition landscape and growth opportunity. This Research Report categorizes the ****** Electronic Toll Collection Systems Industry by Companies, Region, Application, Type and end-use Industry.

The ****** electronic toll collection (ETC) system market has been gaining momentum across the developed economies, such as UK, Germany, U.S., Canada, and France. Modernization of ETC technology is expected to act as a driving force for the demand across the developing countries such as China and India. Highways and urban areas are increasingly adopting ETC due to its property of a cashless duty system. This system can be responsible for facilitating the duty collection process using recent technological solutions such as, DSRC, video, GNSS / GPS, and RFID analysis. As well as effectively responsible for managing traffic on heavily congested areas. The governments of numerous economies are developing regulations and standards for the electronic duty collection systems industry. The value chain of ETC systems include OEMs, suppliers of technology & equipment, operators, and system integrators.

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ETC systems are automated, reducing entire manual operations paying duties by the receivers. The overall demand is driven by cashless travel facility, fast duty transactions, the need to save travel time, and the requirement to stop as well as minimize traffic congestion. However, few factors hindering the ****** industry could be high initial cost of implementation, dependency on government regulations and standards.

The electronic toll collection (ETC) system industry is estimated to continue its rapid expansion in order to cater the growing demand for improved safety and security for infrastructure. The traditional ETC are considered as profitable, fast, and efficient system due to its user-friendly design with easy to use buttons. These systems are estimated to be beneficial for organizations and business to eliminate the requirement of several toll boots to manage traffic and act as a cost saving factor for agencies that operates the congestion on road. An electronic system of toll collection posses a positive influence on the environment as it decrease the amount of exhaust emitted by numerous vehicles while halting at manual toll booths.

The ETC systems consist of some major component such as communication systems, inductive loops, pedals, film storage devices, in motion weighting devices, scanners, transponder antennas, and camera. An electronic toll collection system includes of numerous sub-systems such as Violation Enforcement System (VES), back-office & integration, Automatic Vehicle Classification (AVC), and Automatic vehicle identification (AVI). These sub systems are majorly useful for specific functions such as vehicle identification by AVI, classification of vehicle by AVC, transaction and collection of fees by incorporating back office services as well as the payment entity and reduce unpaid tolls and imaging of vehicle by VES.

Kapsch Traffic Com AG is one of the suppliers which offers a wide range of future ETC loans to improve traffic flow, enhance public safety, improve road safety and help protect the environment by managing access in urban areas, monitoring and implementation of traffic laws, control traffic flow, preventing traffic jams and accidents on the roads. The company is therefore expanding on expansion. The ETC market is expected to witness an increase in mergers, acquisitions and strategic alliances and move towards consolidation over the next seven years. 

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