Thailand and Philippines Tolling and City Congestion Market to Reach $1,474.7 Mn by 2025: Says Allied Market Research
PORTLAND, Oregon, October 5, 2018 /PRNewswire/ --
Rise in demand for effective traffic management at toll collection centers, increase in number of vehicles, emergence of IoT in toll collection systems, and reduced environmental pollution would drive the growth of the Thailand and Philippines tolling & city congestion market.
Allied Market Research published a report, titled, Thailand and Philippines Tolling & City Congestion Market by Product Type (Electronic tolling, ATMS, and UTM) - Global Opportunity Analysis and Industry Forecast, 2018-2025. The report offers a comprehensive overview of the Thailand and Philippines tolling & city congestion market by analyzing the market landscape; drivers, restraints, & opportunities; top investment pockets, key market segments, and business performances of key players, and market player positioning. According to the report, the Thailand and Philippines tolling & city congestion market was pegged at $381.1 million in 2017 and is projected to reach $1,474.7 million by 2025, growing at a CAGR of 18.6% from 2018 to 2025.
(Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg )
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5044
Rise in demand for effective traffic management at toll collection centers, increase in the number of vehicles, advent of IoT in toll collection systems, and reduced environmental pollution are the key factors driving the growth of the market. Nonetheless, the market is hampered by factors such as high capital investment required for transportation & tolling systems, requirement of a large database of road networks, and loss of jobs due to use of advanced automatic tolling systems. On the other hand, investments in smart cities and innovations in smart signal are expected to offer lucrative growth opportunities for market players in future.
UTM to dominate, ATMS to grow the fastest in Thailand
Among products, the Universal Toll Module (UTM) segment captured 61% share of the Thailand tolling and city congestion market in 2017 and is expected to maintain its lead through the forecast period. However, the advanced traffic management system (ATMS) segment is projected to grow at the fastest CAGR of 21.4% from 2018 to 2025. The electronic tolling segment is expected to grow at a steady rate during the forecast period.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5044
UTM to lead, ATMS to exhibit fastest growth in Philippines
Among products, the UTM segment accounted for 60% share of the Philippines tolling and city congestion market in 2017 and would maintain its dominance through 2025. However, ATMS segment is likely to grow at the fastest CAGR of 24.0% from 2018 to 2025. The report also discusses electronic tolling segment.
Prominent players of the market
The market players analyzed in the report include Efkon GmbH, Toshiba Corporation, Raytheon, Thales Group, Siemens AG, Kapsch Group, Conduent (Xerox Corporation), Cubic Transportation Systems, ALSTOM SA, and GE Transportation.
Access KNOWLEDGE TREE (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/knowledgetree
Knowledge tree is a cloud-based intelligence platform that offers more than 2,000 selective, off-the-shelf reports on niche markets to enable our clients gain deep insights on the latest trends, dynamic technologies, and emerging application areas.
Similar Reports:
Electronic Toll Collection Market - Global Opportunity Analysis and Industry Forecast, 2018 - 2025
Seat Track Position Sensors Market - Global Opportunity Analysis and Industry Forecast, 2017 - 2023
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Share this article