Electronic Toll Collection Market
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Global <strong>Electronic</strong><br />
<strong>Toll</strong> <strong>Collection</strong><br />
<strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2014-2020<br />
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Report Description<br />
<strong>Electronic</strong> toll collection system is an automated system, eliminating manual operations<br />
by toll payers and receivers. The global ETC market is expected to steer towards a strong<br />
double-digit growth rate in the coming five years (2015-2020). The primary drivers of the<br />
upcoming growth comprise the need to save travel time, cashless travel facility, the need<br />
to stop/minimize the traffic congestion and fast toll transaction. However, factors like<br />
high installation cost and a high dependence on government are hindering the growth of<br />
this market to some extent. The ETC market is expected to continue its rapid expansion to<br />
meet the surging demand for an improved, safe and secure infrastructure. The ETC<br />
system provides fast, efficient and cost-effective services. They have easy to operate<br />
buttons with a user-friendly design. They are also beneficial for traffic agencies and<br />
companies as these systems eliminate the need for multiple toll plazas, acting as a costsaving<br />
factor for road operator agencies. <strong>Electronic</strong> toll collection systems have a positive<br />
impact on the environment as it reduces the amount of exhaust emitted from vehicles<br />
during start-up and stop at manual toll booths.<br />
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The ETC market can be categorised into products, technologies, applications and<br />
geographies. Transponders, antennae, communication systems, treadles, inductive loops,<br />
scanning devices, weigh-in-motion devices, cameras and film storage devices are some of<br />
the major products of the system. An electronic toll collection system consists of various<br />
subsystems, such as automatic vehicle identification (AVI), automatic vehicle
Report Description<br />
classification (AVC), back-office &integration and violation enforcement system (VES).<br />
These subsystems are useful for specific functions -AVI for vehicle identification, AVC for<br />
vehicle classification, toll collection transaction by integrating the back-office and<br />
payment system and VES to reduce unpaid tolls, by vehicle imaging.<br />
On the basis of technologies, the ETC market can be segmented into various categories,<br />
such as radio-frequency identification (RFID), dedicated short-range communications<br />
(DSRC), video analytics, global<br />
navigation satellite system (GNSS) and global positioning system (GPS).Currently RFID and<br />
DSRC are the leading technologies. On the other hand, the GNSS and GPS are expected to<br />
show a high growth rate in following five years (2015-2020).<br />
Based on applications, the ETC market can be categorized into segments like highway,<br />
urban and bridges. Undoubtedly, ETC systems have been installed majorly on highways,<br />
but installation in urban areas and on bridges has a bright future opportunity.<br />
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Geographically, the ETC market can be segmented into North America, Latin America,<br />
Asia Pacific, Japan, Western Europe, Eastern Europe, and Middle East & Africa. Present<br />
market scenario represents a strong presence of ETC system in the US, Canada and<br />
Mexico in North America, South Korea, Taiwan, Thailand, Malaysia, Hong Kong,<br />
Philippines and Singapore in Asia Pacific, and the UK, Ireland, Portugal, France, Germany,<br />
Italy and Spain in Europe.
Report Description<br />
Some of the key players in the ETC market are Honeywell International, Inc., Transurban,<br />
Transtoll Pty Ltd., Transcore Holdings, Inc., <strong>Toll</strong> Collect GmbH, TRMI Systems Integration,<br />
Sensor Dynamics, Xerox Corporation, 3M, Connect East, EFKON, SAIC, DENSO, Q-Free,<br />
Mitsubishi Heavy Industries, Ltd., Perceptics, Thales Group and Kapsch TrafficCom AG.<br />
The ETC ecosystem participants offer a wide range of solutions, such as software services<br />
and system integration and toll system operations including maintenance, payment<br />
handling and revenue assurance. It is the future solution to alleviating traffic congestion<br />
problems.<br />
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