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United States Invests Heavily in the Electronic Toll Collection Systems Market

Industry Sector

Transportation

Published

15 November 2011

Author

Mike King

Type of News

General

Driven by the need to promote environmentally friendly and sustainable transportation, the global electronic toll collection market is set to reach a value of UD$5.9 billion by 2017. Technological advances in toll payment options and systems, which are designed to help the free flow of traffic, will also help this market expand during the decade.

Out of all the economies in the global electronic toll collection market, the United States is the largest and is expected to be the biggest investor in Intelligent Transportation Systems and Service infrastructure in 2011. The United States is forecast to make an investment of around US$210 billion, with most of the outlay focusing on ETC systems. China is a growing market for ETC systems, and is expected to be the fastest growing regional economy for the systems, with annual dollar sales expected to hit a CAGR of more than 20% by 2017.

Throughout the world, many countries use different solutions in order to generate revenues for road and highway construction, and other infrastructure -related projects. Some countries focus on using a strategy of Road User Charging (RUC), while others employ a variety of techniques which help reduce traffic congestion while also curbing environmental pollution. Some other economies attempt to use road charging in order to gain a balance between road and other modes of transportation systems such as rail. In the coming years RUC will see an increase in popularity due to the fact that traffic congestion on roads and the risks posed to environmental stability cost the world's leading economies billion of dollars worth of losses.

Intelligent transportation systems (ITS) and technologies such as Advanced Traffic Management Systems (ATMS), Public Vehicle Transportation Management Systems (PVTMS), Commercial Vehicle Operations (CVO) Systems and Advanced Vehicle Information Systems are being heavily invested in by governments around the world. The opportunities in the global electronic toll collection systems market are huge, as more and more economies around the world realise the potential of using this technology in their road transportation infrastructure. The upcoming years will see ITS enabled electronic toll collection systems gain the most out of this global interest, due to the compelling benefits of the technology such as the ability to increase the throughput of vehicles through the tolling facilities, and the reduction in cost of the transaction process.

The leading players in the electronic toll collection systems marketplace include Atlantia SpA, C-S Communication & Systems, Caseta Technologies, Inc., G.E.A., International Road Dynamics, Inc., Kapsch TrafficCom AG, Perceptics LLC, Q-FREE ASA, SAIC, Inc., Siemens Mobility, Sirit, Inc., TRMI Systems Integration, Toll Collect GmbH, Transcore Holdings, Inc, Transtoll, among others.

To find out more information on the electronic toll collection systems market, please click here: http://www.companiesandmarkets.com/Market-Report/electronic-toll-collection-systems-a-global-strategic-business-report-725597.asp

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