Business

Electronic Toll Collection Systems Market to Grow at a Healthy CAGR of 10.40% Thanks to Rising Awareness About Better Cleanliness

Electronic Toll Collection Systems size and research report

The global Electronic Toll Collection Systems market depicts the presence of a highly fragmented structure, says Researchvector on the basis of a newly published report. This is mainly due to a low entry barrier present in the market that has made it possible for innumerable players to progress in this sector. Honeywell, Transurban, Transtoll, Transcore Holdings, Toll Collect are some of the key players operating in the global Electronic Toll Collection Systems market. Most companies are prophesied to compete with each other on the basis of bringing forth product innovations and technological advancements for product manufacturing during the next few years. Participating in mergers & acquisitions, and strategic partnerships are also on their focus for strengthening of their businesses, states the research report.

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As per expert analysts, the global Electronic Toll Collection Systems market gained revenue worth US$0.XX bn in 2016, which is further expected to rise up to US$X.XX bn by the end of 2024. This growth is anticipated to occur at a splendid CAGR of 10.40% during the forecast period ranging from 2015 to 2024.

Geography-wise, the global surface disinfectant market is spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, a prominent position is held by Asia Pacific, thanks to the presence of numerous renowned product manufacturers. A rising disposable income of consumers, increasing implementation of cleanliness and hygiene regulations by state authorities too is boosting growth of the global surface disinfectant market in Asia Pacific. This growth is prophesied to rise at a CAGR of 11.30% during the forecast period.

Among other regional markets, the Middle East and Africa is also projected to report a high growth rate in the near future followed closely by Latin America. However, North America and Europe are anticipated to demonstrate a substantially slow growth rate over the next few years, owing to reliance from consumers for various other alternatives.

Key segments of the global surface disinfectant market:

Key PlayersType
Application
Region
Honeywell, Transurban, Transtoll, Transcore Holdings, Toll Collect, TRMI Systems Integration, Sensor Dynamics, Xerox Corporation, 3M, Connect East, EFKON, SAIC, DENSO, Q-Free, Mitsubishi Heavy Industries, Perceptics, Thales Group, Kapsch TrafficCom
  • Radio-Frequency Identification (RFID)
  • Dedicated Short-Range Communications (DSRC)
  • Video Analytics
  • Global Navigation Satellite System (GNSS)
  • Global Positioning System (GPS)

  • Highway
  • Urban
  • Bridge
  • Others

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Germany, France, UK, Italy, Russia, Rest of Europe, Brazil, Rest of South America, GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa

Study Objectives of Electronic Toll Collection Systems Market:

  • To analyze and research the global Electronic Toll Collection Systems status and future forecast,involving, production, revenue, consumption, historical and forecast.
  • To present the key Electronic Toll Collection Systems manufacturers, production, revenue, market share, and recent development.
  • To split the breakdown data by regions, type, manufacturers and applications.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends, drivers, influence factors in global and regions.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

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