Market Research Report
Thailand and Philippines Tolling & City Congestion Market by Product Type (Electronic Tolling, ATMS, and UTM): Opportunity Analysis and Industry Forecast, 2018 - 2025
|Published by||Allied Market Research||Product code||724058|
|Published||Content info||138 Pages
Delivery time: 2-3 business days
|Thailand and Philippines Tolling & City Congestion Market by Product Type (Electronic Tolling, ATMS, and UTM): Opportunity Analysis and Industry Forecast, 2018 - 2025|
|Published: September 1, 2018||Content info: 138 Pages||
The tolling system is an automated system, which reduces delays at toll bridges, toll roads, and toll tunnels by eliminating manually operated systems to receive and pay toll. It can charge the toll amount to an established customer account electronically through a real-time tracking and monitoring system. The latest innovation in tolling system such as electronic toll collection (ETC), allows vehicles to pass through a toll facility without having to stop at the toll center. This tolling system uses technologies such as radio-frequency identification (RFID), dedicated short-range communication (DSRC), infrared, global navigation satellite system (GNSS)/global positioning system (GPS), and video analytics for its operation
Traffic management systems commonly known as intelligent transportation systems (ITS) are superior applications, which aim to provide innovative services related to different modes of transport and traffic management. It also enables various users to be more coordinated, stay better informed, and make safer and 'smarter' use of transport networks. Smart transportation has various types of applications for parking management & guidance, passenger information, and traffic management.
Factors such as rise in demand for efficient traffic management solutions, increase in number of vehicles, and reduction in environmental pollution are the major driving factors for the adoption of tolling & city congestion.
However, high capital investment for transportation & tolling system, large database requirement for road & tolling network, and low acceptance ratio are the major restraining factors for this market. Furthermore, investments in the idea of smart cities and innovation of smart signal are creating lucrative opportunities for the Thailand and Philippines tolling & city congestion market.
The key players operating in the Thailand and Philippines tolling & city congestion market are: Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG, Kapsch, Conduent (Xerox Corporation), Cubic Transportation, Alstom, GE transportation.