(IT-NEWSWIRE.COM, June 19, 2017 ) "According to Publisher, the Global Electronic Toll Collection Market is accounted for $4.75 billion in 2015 and is expected to reach $10.96 billion by 2022 growing at a CAGR of 12.6% during the forecast period". Factors such as increasing demand for safe and secure infrastructure, low travel time, cashless travel facility and free flow of traffic are propelling the market growth. High installation costs and high dependence on government are some of the factors limiting the market growth. Increased safety and better environment are providing ample of opportunities for the market growth.
North America holds the largest market share during the forecast period followed by Europe. Asia Pacific is expected to have steady growth, whereas RoW represents a high CAGR due to increasing adoption rate of electronic toll collection in regions such as Africa, Middle East and Latin America.
For more information at http://www.reportsweb.com/electronic-toll-collection-global-market-outlook-2016-2022 .
Some of the key players in Electronic Toll Collection market include Thales Group, Q-Free, 3M, International Road Dynamics, Inc., Siemens AG, Cubic Transportation Systems, Inc. Atlantia S.p.A., Schneider Electric SE, Transcore Holdings, Inc., Efkon AG, TRMI Systems Integration, Kapsch Trafficcom AG, Xerox Corporation, Honeywell International, Inc., Transurban, Transtoll Pty Ltd., Toll Collect GmbH, Sensor Dynamics and SAIC.
- All-Electronic Tolling (AET)
o Automatic Number Plate Recognition (ANPR)
- Electronic toll collection (ETC)
- Dedicated Short-Range Communications (DSRC)
- Radio Frequency Identification (RFID)
- Video Analytics
- Global Navigation Satellite System (GNSS)/GPS
- Automatic Vehicle Classifier (AVC)
- Automated Vehicle Identification (AVI)
- Other Products
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- North America
o Rest of Europe
- Asia Pacific
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o South Africa
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