© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Electronic Toll Collection Market Pit Falls and Growth Prospects from 2017 to 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America is expected to dominate the market share during the forecast timespan owing to heavy deployment of electronic toll collection systems in the developed economies. Stringent government regulations and mandatory standards will propel the industry demand in this region.  Asia pacific is predicted to showcase an exponential growth rate over the forecast timeline owing to high demand of these systems in the emerging economies such as China, India, South Korea, Philippines, Singapore, and Malaysia. Increasing traffic and development of road infrastructure has led to these systems demand, thus fueling the industry growth. Regional Analysis of Electronic Toll Collection Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Electronic Toll Collection Market:  On the basis of applications, industry can be segmented into urban areas, bridges, and highways. Highways are anticipated to account for a major market share in the forecast timeline owing to tremendous increase in installations of electronic toll collection systems across the globe. Moreover, rising on-road traffic has also propelled this segment’s growth. Urban areas and bridges are projected to showcase a significant growth rate and wide scope owing to increasing urbanization.  Based on technology, the industry can be categorized into dedicated short range communications (DSRC), radio frequency identification (RFID), global networking satellite systems (GNSS), and global positioning system (GPS). RFID and DSRC technologies currently exhibit an exponential market share and are anticipated to dominate the market in the forecast timeframe owing to their wide applications. GNSS and GPS technologies are expected to showcase a significant growth rate during the forecast timeline owing to their increasing deployment globally in these systems.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Competitors of the industry include Transurban Limited, Transcore Holdings Inc., Sensor Dynamics, Xerox Corporation, TRMI Systems Integration, G.E.A, SAIC, Perceptics Inc., Q-free, Thales Group, Cubic Transportation Systems, EFKON AG, Kapsch TrafficCom AG, 3M, Connect East, Atlantia SpA, and International Road Dynamics.  The industry players focus on continuous upgradations and innovations of these systems for gaining the competitive edge. For instance, on April 7, 2017, Halifax Darmouth Bridge Commissions selected Transcore Holdings Inc. to upgrade the toll systems for Mackay and Macdonald bridges in Canada. Competitive Market Share of Electronic Toll Collection Market:

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