© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Electronic Toll Collection Market size is expected to witness high CAGR from 2019 to 2025 Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America dominates the electronic toll collection market due to the development of advanced road facilities and demand for reducing traffic congestion. Government authorities in the region are implementing ETC systems across roads and bridges to improve road transportation. For instance, in June 2018, Thousand Islands Bridge Authority (TIBA), an authority that controls cross border transportation on Thousand Islands International Bridge, selected TransCore, a leading provider of traffic management system, to design, develop, and maintain the ETC system across the U.S. and Canadian border.  APAC electronic toll collection (ETC) market is expected to show significant growth due to an increase in the development of smart cities and traffic congestion in developing countries including India and China. The increase in the number of passenger vehicles in the region is also supporting the increasing demand for ETC system deployment. Regional Analysis of Electronic Toll Collection Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Electronic Toll Collection Market :  ETC facilitates quicker and efficient transactions at toll stations as there are no cash transactions involved. The toll collected directly from bank accounts of vehicle owners will reduce the chances of fraud-related cash transactions. It will also reduce the chances of excess toll collection against the decided fees from government authorities. ETC also improves data collection at toll stations.  The manual toll collection system is time-consuming as it involves the intervention of booth staff. ETC also helps in reducing the travel time as vehicles do not have to stop at every toll station for paying toll fees. Due to ETC systems, the emission of carbon monoxide from vehicles will reduce due to the reduction of acceleration of idle vehicles waiting at toll stations for longer periods. The reduced congestion at toll stations also helps in reducing the number of accidents near toll plazas.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The companies operating in the electronic toll collection market are working together with government authorities to improve the toll collection system. For instance, in August 2018, Kapsch TrafficCom, a leading provider of the intelligent transportation system collaborated with the Swiss Federal Office for Buildings and Logistics (FOBL) and Federal Customs Administration (FCA) for upgrading roadside toll collection infrastructure.  Some of the key players operating in the market are Kapsch TrafficCom, Mitsubishi Heavy Industries, Thales Group, DENSO, Q-Free, TransCore, Conduent, Raytheon, Siemens, VINCI, EFKON, Neology, TRMI Systems Integration, Sensor Dynamics, Toll Collect GmbH, Connect East, Quarterhill, Xerox Corporation, SAIC, and Perceptics. Competitive Market Share of Electronic Toll Collection Market :

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