ETC Systems Market in North America to grow at a CAGR of 10.19% over the period 2014-2019.

Deerfield Beach, FL -- (SBWire) -- 09/03/2015 --ETC Systems Market in North America to grow at a CAGR of 10.19% over the period 2014-2019. An electronic toll collection (ETC) system is a technologically sophisticated application that collects cashless toll at toll plazas and toll collection centers. The system uses transponders, antennas, sensors, and wireless communication devices equipped with RFID technology. The vehicles are charged using wireless communication devices installed at the gates and mounted on the vehicles as they drive through the toll gates. They do not have to stop to pay the toll. The ETC system helps reduce traffic congestion on highways and streamline the traffic management process.

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Covered in this Report

This report covers the present scenario and the growth prospects of the ETC systems market in North America for the period 2015-2019. To calculate the market size, this report considers the revenue generated by ETC systems providers. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the ETC systems market in North America. The vendors are ranked according to the revenue generated by them. The report also provides data on different segments of the ETC systems market in North America. The market is segmented based on products and technology.

Segmentation of the ETC Systems market in North America by products:

AVI
AVC systems
VES
Back office and integration systems products

Segmentation of the ETC Systems market in North America by technology:

RFID
DSRC
GNSS
Video analytics

The report, ETC Systems Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also summaries the challenges faced by the vendors and the market at large, and the key trends that are emerging in the market.

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Key countries

US
Canada

Key Vendors

Kapsch TrafficCom
Schneider Electric
Siemens
Thales Group
TransCore

Other Prominent Vendors

3M
Grenobloise d'Electronique et d'Automatismes
Hitachi
International Road Dynamics
Metro Infrasys
Mitsubishi Heavy Industries
OMRON Electronics
Perceptics
Q-Free
SAIC
TRMI Systems Integration
Watchdata
Xerox

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Market Driver

Developed logistics infrastructure
For a full, detailed list, view our report

Market challenge

High cost of operation and maintenance
For a full, detailed list, view our report

Market trend

Adoption of ITS and smart transportation solutions
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?