Global In Vehicle ETC Market 2022-2027

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    GLOBAL IN VEHICLE ETC MARKET

     

     INTRODUCTION

     

    The Electronic Toll Collection System is abbreviated as ETC. ETC is a technology that allows vehicles to pay additional taxes on toll ways without having to stop their vehicle.

     

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    This is achieved by placing an ETC card into the car’s equipped ETC in-vehicle transmitter. Wireless connection exists between the gadget and an antenna mounted at the toll booth on toll highways.

     

    To use the Electronic Toll Collection Process, users will need to get an ETC card to settle fee bills and an ETC in-vehicle equipment to initiate the broadband communication.

     

    GLOBAL IN VEHICLE ETC MARKET DEVELOPMENTS AND INNOVATIONS

     

    Toll collecting, also known as Automated toll collection, is predicted to grow in market value throughout the projection period as a result of possible benefits such as greater time efficiency, vehicle recognition, and technical improvements.

     

    Because of significant government backing, the demand for electronic toll collecting is expanding rapidly in emerging nations. Government entities in industrialised nations collect tolls on roads, tunnels, and crossings, which tends to exacerbate traffic congestion, resulting in deadly accidents.

     

    To prevent such occurrences, they are deploying Electronic Toll Collection Systems in addition to traditional tolling systems to maintain free traffic flow. In industrialised and civilised countries, traffic congestion is a major worry, thus the need for a pleasant ride is high.

     

    This seamless speed of traffic is becoming more prevalent in developed countries. Toll collection technologies also reduce the amount of road and traffic accidents, as well as the inconvenience of emergency driving.

     

    Such considerations are propelling the Automated In Vehicle Toll Payment market forward. 

     

    The overall expansion of the Automated Toll Plazas market is being fuelled by the rising utilization of computer technology, wireless connection, the growing penetration of internet access, and other new technologies.

     

    The region’s good attitude toward innovative technology will accelerate the deployment of RFID-based electronic toll collecting systems. To automate the deduction of toll amounts, RFID tags are scanned using an RFID reader installed on an electronic toll collecting system.

     

    The technology makes it simple for car owners and toll authorities to share payment information. As a consequence, manual labour and human mistakes are reduced, and toll collecting is more transparent.

     

    GLOBAL IN VEHICLE ETC MARKET SIZE AND FORECAST

     

    Global In Vehicle ETC Market is expected to gain market growth in the forecast period of 2020 to 2027. It is analyzed that the market is growing with a CAGR of XX.X% in the forecast period of 2020 to 2027 and is expected to reach USD XXXX million by 2027.

     

    COMPETITIVE LANDSCAPE

     

    Slowdowns and a lack of manpower or raw supplies had a substantial impact on businesses in the automotive, transportation, construction, and semiconductor industries.

     

    Foreign trade restrictions and the execution of different government policies to take precautionary measures also had an influence on market growth. RFID technology is expected to grow in the European electronic toll collecting industry through 2027.

     

    A number of European countries are turning to novel solutions to improve the efficiency of their transportation networks and meet their sustainability goals. Several towns in Italy, for example, have deployed RFID-based mobility monitoring and management systems. 

     

    Hasin Expressway is a leading mobiliser of the In vehicle ETC requirements in the market. In the automobile, the ETC in-vehicle gadget is placed.

     

    A wireless link is established between an ETC card put into the ETC in-vehicle device and an antenna deployed at toll booths to send payment information.

     

    Car dealerships and auto supply companies sell ETC in-vehicle gadgets. The gadget must first be fitted in the automobile and configured by capturing vehicle information. The setup shops should be used for installation and setup.

     

    Toyota Inc. is part of the component manufacture trending companies in the current industry. The ETC 2.0, a more sophisticated ETC system, is now up and running.

     

    The new system’s most notable improvement is its ability to facilitate large-scale interactive communication. The former system solely employed communication technology to collect tolls on highways, while ETC 2.0 adds new features based on a vehicle’s driving history data,

     

    such as GPS coordinates, distance travelled, and acceleration and rapid braking data. This information is sent from ETC 2.0 onboard units to roadside antennae (ITS spots) every 10–15 kilometres on intercity roadways.

     

    COMPANIES PROFILED

     

     

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

     

    1. What is the average transaction price of the Global In Vehicle ETC  Market right now and how will it change in the next 5-6 years? 
    2. Market share of Global In Vehicle ETC vendors right now and their upcoming products
    3. The cost advantage for OEMs who manufacture In Vehicle ETC  in-house
    4. 5 key predictions for the next 5 years in Global In Vehicle ETC Market right now, the latest trends in every market segment
    5. The market size (both volume and value) of the Global In Vehicle ETC  Market in 2022-2027 and every year between
    6. Production breakup of Global In Vehicle ETC Market by suppliers and their OEM relationship
    7. What is happening overall in the Global In Vehicle ETC Market right now?
    8. Who are the major players in the Global In Vehicle ETC Market?
    9. What are the business opportunities in the Global In Vehicle ETC Market right now and What is the target group?
    10. What are the plans for Global In Vehicle ETC  in five years?
    11. What are the Threats in the Global In Vehicle ETC Market in the next five years?
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

     

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