Electronic Toll Market Size, Share, Development, Growth and Demand Forecast to 2020.pdf
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GLOBAL INDUSTRY INSIGHT:<br />
<strong>Electronic</strong> <strong>Toll</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>, <strong>Growth</strong> <strong>and</strong> Dem<strong>and</strong><br />
<strong>Forecast</strong> <strong>to</strong> 2020
Global <strong>Electronic</strong> <strong>Toll</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>, <strong>Growth</strong><br />
<strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> 2020<br />
The electronic <strong>to</strong>ll market is growing due <strong>to</strong> the rising dem<strong>and</strong> for safe, secure <strong>and</strong> improved infrastructure. The<br />
electronic <strong>to</strong>ll system provides fast, effective <strong>and</strong> cost-effective facilities. They include easy operating but<strong>to</strong>ns <strong>and</strong><br />
user-friendly design. <strong>Electronic</strong> <strong>to</strong>ll collection systems have a positive impact on the environment as they reduce<br />
the amount of exhaust released from vehicles during start-up <strong>and</strong> s<strong>to</strong>p at manual <strong>to</strong>ll booths.<br />
Explore more or request TOC on Global <strong>Electronic</strong> <strong>Toll</strong> <strong>Market</strong> at:<br />
https://www.psmarketresearch.com/market-analysis/electronic-<strong>to</strong>ll-market<br />
<strong>Electronic</strong> <strong>to</strong>ll collection system is an au<strong>to</strong>mated system, which eliminates manual operations by <strong>to</strong>ll payers <strong>and</strong><br />
the receiver. The <strong>to</strong>ll is collected electronically in order <strong>to</strong> eliminate the delay on <strong>to</strong>ll roads. <strong>Electronic</strong> <strong>to</strong>ll alerts the<br />
system for the cars that have not been registered. In an electronic <strong>to</strong>ll system, cars are equipped with a<br />
transponder. The transponder’s modified signal is picked when the car passes through a <strong>to</strong>ll intersection. The<br />
information is passed on <strong>to</strong> the central computer <strong>and</strong> they would be charged accordingly. <strong>Electronic</strong> <strong>to</strong>ll system is<br />
a cashless <strong>to</strong>lling system which is gradually being adopted in urban areas <strong>and</strong> highways. It charges the accounts<br />
of the owners of the registered cars without s<strong>to</strong>pping. The governments in several countries are formulating the<br />
st<strong>and</strong>ards <strong>and</strong> regulations for the electronic <strong>to</strong>ll collection system market.<br />
The electronic <strong>to</strong>ll market can be segmented on the basis of type, product, technology <strong>and</strong> application. On the<br />
basis of types, the global electronic <strong>to</strong>ll market includes multi-lane free flow, electronic <strong>to</strong>ll collection <strong>and</strong> single<br />
lane electronic <strong>to</strong>ll collection. Single lane system allows increase in traffic throughout <strong>and</strong> reduction in traffic<br />
congestion. Multi-lane system helps <strong>to</strong> achieve maximum output on the highway <strong>and</strong> helps <strong>to</strong> reduce the traffic<br />
congestion. On the basis of product, the electronic <strong>to</strong>ll market can be divided in<strong>to</strong> au<strong>to</strong>matic vehicle identification<br />
(AVI), au<strong>to</strong>matic vehicle classification (AVC), <strong>and</strong> others. The others segment includes the back office <strong>and</strong><br />
integration services <strong>and</strong> violation enforcement system (VES). Based on technology, the global electronic <strong>to</strong>ll<br />
market can be categorized in<strong>to</strong> radio frequency identification (RFID) based electronic <strong>to</strong>ll collection system, video<br />
analytics-based electronic <strong>to</strong>ll collection system, dedicated short-range communications (DSRC) based electronic<br />
<strong>to</strong>ll collection system, global navigation satellite system (GNSS), <strong>and</strong> global positioning system (GPS) based<br />
electronic <strong>to</strong>ll collection system. Based on application, the electronic <strong>to</strong>ll collection system market can be<br />
segmented in<strong>to</strong> bridges, urban areas, <strong>and</strong> highways.<br />
The primary growth drivers of the global electronic market comprise cashless travel facility, the need <strong>to</strong> save<br />
travel time, the necessity <strong>to</strong> minimize the traffic congestion <strong>and</strong> fast <strong>to</strong>ll transaction. <strong>Electronic</strong> <strong>to</strong>ll market offers<br />
numerous opportunities for better environment, revenue generation, increased safety, <strong>and</strong> public transport<br />
improvement among others.<br />
The possibilities of failure of electronic <strong>to</strong>ll system in case of dirt, fog, rain, or moisture on tag is the major<br />
drawback for this technology. Moreover, the tags on the cars can easily be replicated. Complexity of the tag<br />
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Global <strong>Electronic</strong> <strong>Toll</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Share</strong>, <strong>Development</strong>, <strong>Growth</strong><br />
<strong>and</strong> Dem<strong>and</strong> <strong>Forecast</strong> <strong>to</strong> 2020<br />
electrical system is raising the build-up cost which is obstructing the growth of electronic <strong>to</strong>ll market. High cost of<br />
installation <strong>and</strong> slow growth in the underdeveloped countries, <strong>and</strong> high dependence on government are some of<br />
the other fac<strong>to</strong>rs hindering the global electronic <strong>to</strong>ll market.<br />
Browse related market research at: https://www.psmarketresearch.com/industry-report/semiconduc<strong>to</strong>r-<strong>and</strong>electronics<br />
North America holds the largest market share of the global electronic <strong>to</strong>ll collection followed by Europe. Thales<br />
Group, Siemens AG, Xerox Corporation, TransCore, LP, Q-Free, Caseta Technologies Inc, Trans-Tool,<br />
Perceptics, LLC, International Road Dynamics Inc. are the major competi<strong>to</strong>rs in the global electronic <strong>to</strong>ll market.<br />
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