Global All Electronic Tolling (AET) Systems Market Overview:
The key objective of all electronic tolling systems (AET) is to improve public safety and convenience by removing often drastic speed decreases and congestion that occur at toll plazas, which have been identified as a key source of crashes in studies. All-electronic tolling systems are able to electronically collect toll from an established customer account. The ATC approach allows cars to travel through a toll facility without the driver having to take any action or stop. ACT also reduces greenhouse gas emissions as vehicles do not have to be on-road as much, they are in case of manual toll collection.
Growth Drivers
- Growing Construction of Toll Roads and Bridges
- Need for Avoiding Congestions at Toll Plazas by Automation the Toll Operations
Market Trends
- Adoption of All Electronic Tolling With Satellite-Based Tolling
Roadblocks
- Electronic Payments Methods are Prone to Cyber Attacks
Opportunities
- Rising Number of Vehicles and Congestion will Ultimately Increase the Demand of All Electronic Tolling (AET) Systems
- Increasing Demand of All Electronic Tolling (AET) Systems from Developing Economies
Challenges
- Initial Set-Up Cost of All Electronic Tolling (AET) Systems is High
- Due to all Electronic Tolling (AET), Systems Operators Lose On-Site Customer Service
Competitive Landscape:
Some of the key players profiled in the report are Raytheon Technologies Corporation (United States), Kapsch (Austria), Siemens (Germany), TransCore (United States), Thales Group (France), Conduent Business Services, LLC (United States), EFKON GmbH (Austria), Neology, Inc. (United States), VINCI (France) and Feig Electronic GmbH (Germany).
Considering Market by , the sub-segment i.e. will boost the All Electronic Tolling (AET) Systems market.Latest Market Insights:
On 1st Nov 2018, Kapsch has announced the purchase of eTrans Systems (eTrans). eTrans is a Virginia-based company that develops connected and autonomous vehicle (CAV) systems that serve as the foundation for a variety of safety and mobility applications. Within the constantly evolving connected and autonomous car market, the purchase expands Kapsch's connected vehicle solution offering.
On 1st Nov 2018, Kapsch has announced the purchase of eTrans Systems (eTrans). eTrans is a Virginia-based company that develops connected and autonomous vehicle (CAV) systems that serve as the foundation for a variety of safety and mobility applications. Within the constantly evolving connected and autonomous car market, the purchase expands Kapsch's connected vehicle solution offering.
What Can be Explored with the All Electronic Tolling (AET) Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global All Electronic Tolling (AET) Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in All Electronic Tolling (AET) Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global All Electronic Tolling (AET) Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in All Electronic Tolling (AET) Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, All Electronic Tolling (AET) Systems Providers, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.