Market Overview:
The global ETC system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for ETC systems from various applications such as highways and urban areas. Additionally, the growing adoption of RFID-based ETC systems and video analytic-based ETC systems are also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period.
Product Definition:
ETC is an acronym for "Electricity Transmission Company." It is a term used in the United States to refer to entities that own and operate high-voltage transmission lines.
Rfid-Based ETC Systems:
RFID-based ETC systems are used for automatic identification and tracking of products in supply chains. It helps to minimize the errors and provides real-time data regarding the location of products. The technology is widely adopted by manufacturers, distributors, retailers & suppliers for product management & traceability purposes.
The global RFID-based ETC system market was valued at USD 1,849 million in 2015.
Dsrc-Based ETC Systems:
The Dsrc-based ETC system is a new type of electronic ticketing and contactless smart card used for public transportation. It is developed by the Tokyo Metropolitan Government Office (TMGO) in collaboration with the Tokyo Electric Power Company Holdings, Ltd. (TEPCO). The TMGO has been working on this project since 2013, and it was completed in 2016. This system will be used for both subways and metros in Tokyo from 2017 to 2020.
Application Insights:
Highway application dominated the global market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to continue its dominance over the forecast period owing to various advantages offered by Global Positioning System (GPS) technology such as real-time tracking and mapping of vehicle location.
ETC systems used in highway applications offer a number of benefits including increased safety and security, reduced driver distraction, fuel consumption reduction, reduced maintenance cost and improved traffic management. These systems also help reduce greenhouse gas emissions by up to 20%. ETC solutions can be integrated with existing infrastructure or provided as an add-on feature for vehicles that support it.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The European transportation sector has been adoptingETC systems at a rapid pace owing to their benefits over traditional technologies such as radar and camera-based enforcement. This can be attributed to the presence of stringent government regulations that mandate installation of ETC systems for all vehicles manufactured after 2011, along with high levels of traffic congestion across major cities in Europe. Asia Pacific is expected to witness significant growth over the forecast period, registering a CAGR exceeding 7% from 2018 to 2030 due to increasing road accidents and vehicular crimes across countries such as India, China, Japan and Australia.
The North American region is also likely have positive prospects for future growth on account rising concerns regarding safety issues associated with traditional enforcement technologies used by law enforcement agencies Such as cameras.
Growth Factors:
- Increasing demand for data storage: The global data storage market is expected to grow from .6 billion in 2016 to .9 billion by 2021, at a CAGR of 23.3%. This growth can be attributed to the increasing volume of digital data being generated due to the proliferation of connected devices and the Internet of Things (IoT).
- Growing demand for cloud services: The global cloud services market is expected to grow from 6.8 billion in 2016 to 8.9 billion by 2021, at a CAGR of 17.5%. This growth can be attributed to the growing trend of enterprises moving their workloads and applications from on-premises datacenters to public and private clouds, owing to benefits such as scalability, flexibility, and cost savings
- reachingapotentialvalueoftriplethatby2025
Scope Of The Report
Report Attributes
Report Details
Report Title
ETC System Market Research Report
By Type
Rfid-Based ETC Systems, Dsrc-Based ETC Systems, Video Analytic-Based ETC Systems, Gnss/Gps-Based ETC Systems
By Application
Highway, Urban
By Companies
Xerox Corporation, 3M, Kapsch Trafficom AG, Efkon AG, Q-Free, Cubic Transportation Systems, Inc., Schneider Electric SE, Siemens AG, Thales Group, Transcore, LP
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global ETC System Market Report Segments:
The global ETC System market is segmented on the basis of:
Types
Rfid-Based ETC Systems, Dsrc-Based ETC Systems, Video Analytic-Based ETC Systems, Gnss/Gps-Based ETC Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Highway, Urban
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Xerox Corporation
- 3M
- Kapsch Trafficom AG
- Efkon AG
- Q-Free
- Cubic Transportation Systems, Inc.
- Schneider Electric SE
- Siemens AG
- Thales Group
- Transcore, LP
Highlights of The ETC System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rfid-Based ETC Systems
- Dsrc-Based ETC Systems
- Video Analytic-Based ETC Systems
- Gnss/Gps-Based ETC Systems
- By Application:
- Highway
- Urban
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ETC System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ETC is a decentralized platform that allows users to conduct transactions and store their assets in a secure, tamper-proof system.
Some of the key players operating in the etc system market are Xerox Corporation, 3M, Kapsch Trafficom AG, Efkon AG, Q-Free, Cubic Transportation Systems, Inc., Schneider Electric SE, Siemens AG, Thales Group, Transcore, LP.
The etc system market is expected to register a CAGR of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. ETC System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. ETC System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. ETC System Market - Supply Chain
4.5. Global ETC System Market Forecast
4.5.1. ETC System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. ETC System Market Size (000 Units) and Y-o-Y Growth
4.5.3. ETC System Market Absolute $ Opportunity
5. Global ETC System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. ETC System Market Size and Volume Forecast by Type
5.3.1. Rfid-Based ETC Systems
5.3.2. Dsrc-Based ETC Systems
5.3.3. Video Analytic-Based ETC Systems
5.3.4. Gnss/Gps-Based ETC Systems
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global ETC System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. ETC System Market Size and Volume Forecast by Application
6.3.1. Highway
6.3.2. Urban
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global ETC System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. ETC System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global ETC System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. ETC System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global ETC System Demand Share Forecast, 2019-2026
9. North America ETC System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America ETC System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America ETC System Market Size and Volume Forecast by Application
9.4.1. Highway
9.4.2. Urban
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America ETC System Market Size and Volume Forecast by Type
9.7.1. Rfid-Based ETC Systems
9.7.2. Dsrc-Based ETC Systems
9.7.3. Video Analytic-Based ETC Systems
9.7.4. Gnss/Gps-Based ETC Systems
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America ETC System Demand Share Forecast, 2019-2026
10. Latin America ETC System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America ETC System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America ETC System Market Size and Volume Forecast by Application
10.4.1. Highway
10.4.2. Urban
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America ETC System Market Size and Volume Forecast by Type
10.7.1. Rfid-Based ETC Systems
10.7.2. Dsrc-Based ETC Systems
10.7.3. Video Analytic-Based ETC Systems
10.7.4. Gnss/Gps-Based ETC Systems
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America ETC System Demand Share Forecast, 2019-2026
11. Europe ETC System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe ETC System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe ETC System Market Size and Volume Forecast by Application
11.4.1. Highway
11.4.2. Urban
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe ETC System Market Size and Volume Forecast by Type
11.7.1. Rfid-Based ETC Systems
11.7.2. Dsrc-Based ETC Systems
11.7.3. Video Analytic-Based ETC Systems
11.7.4. Gnss/Gps-Based ETC Systems
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe ETC System Demand Share, 2019-2026
12. Asia Pacific ETC System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific ETC System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific ETC System Market Size and Volume Forecast by Application
12.4.1. Highway
12.4.2. Urban
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific ETC System Market Size and Volume Forecast by Type
12.7.1. Rfid-Based ETC Systems
12.7.2. Dsrc-Based ETC Systems
12.7.3. Video Analytic-Based ETC Systems
12.7.4. Gnss/Gps-Based ETC Systems
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific ETC System Demand Share, 2019-2026
13. Middle East & Africa ETC System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa ETC System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa ETC System Market Size and Volume Forecast by Application
13.4.1. Highway
13.4.2. Urban
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa ETC System Market Size and Volume Forecast by Type
13.7.1. Rfid-Based ETC Systems
13.7.2. Dsrc-Based ETC Systems
13.7.3. Video Analytic-Based ETC Systems
13.7.4. Gnss/Gps-Based ETC Systems
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa ETC System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global ETC System Market: Market Share Analysis
14.2. ETC System Distributors and Customers
14.3. ETC System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Xerox Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 3M
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kapsch Trafficom AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Efkon AG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Q-Free
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Cubic Transportation Systems, Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Schneider Electric SE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Siemens AG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Thales Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Transcore, LP
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
