According to a new market research report of “Electronic Toll Collection System Market by Products (AVI, AVC, VES, Back office & Integration), Technology (RFID, DRSC, Video Analytics, & GNSS), Applications (Highway, & Urban), & Geography - Analysis & Forecast to 2013 - 2020” , published by MarketsandMarkets, the market is expected to grow at a CAGR of 11.1% from 2014 to 2020 and reach $9.5 Billion in 2020.
Browse more than 109 market data tables with 84 figures spread through 368 pages and in-depth TOC on "Electronic Toll Collection System Market".
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Global electronic toll collection market is a fast developing market, which includes four segments; namely AVI, AVC, VES, and Back office & integration.
The overall Global electronic toll collection system market is segmented into four major segments: product, technologies, application, 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 global electronic toll collection system market is expected to reach up to $9.5 Billion by 2020, at an estimated CAGR of 11.1% from 2014 to 2020.
The two major driving factors for the Global ETC system market are: time saving and secured transaction, both of which, are expected to boost the market; the growing emphasis on safety & security is considered as being of strategic importance in the ETC market. In the report, different technologies are discussed; such as RFID, DSRC, Video Analytics, and GNSS.
Geographical split for the Global electronic toll collection system market is included in the report. It presents the market share of different geographies of the Global ETC market. This report divides the overall market on the basis of the four major geographical segments, namely North America, Europe, APAC, and ROW. NA is the market leader in the overall ETC market, followed by Europe and APAC.
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