Global Advanced Transportation Pricing Systems Market Trends, Size, Growth and Demand Forecast to 2023
advanced transportation pricing systems market © Rahul Gautam
The Advanced Transportation Pricing Systems (ATPS) includes vehicle miles travelled (VMT) fee systems, fee-based express lanes, congestion pricing, and electronic toll collection. Some of the factors driving the growth of the advanced transportation pricing systems market are cashless travel facility, need for saving travel time, and fast toll collection.
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According to the U.S. energy information administration projections, the federal fuel tax revenue is expected to increase by about 10% between 2015 and 2030, and reach $39 billion from $36 billion. However, if federal fuel taxes are replaced with VMT fee systems in 2015 at an initially revenue-neutral rate, then the revenue would increase by 33% between 2015 and 2030, and reach $47 billion from $36 billion.
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North America accounted for the largest market of advanced transportation pricing systems in 2014. The high penetration of the intelligence transportation system in North America is driving the growth of the advanced transportation pricing systems market in the region. Asia-Pacific is expected to be the fastest growing market during the forecast period. The growing need for crowd management in developing and populous countries, such as India and China is expected to drive the demand of advanced transportation pricing systems in coming years.
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Some of the competitors in the global advanced transportation pricing systems market are, TransCore Inc., Kapsch TrafficCom AG, Q-Free ASA, and EFKON AG.
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According to the U.S. energy information administration projections, the federal fuel tax revenue is expected to increase by about 10% between 2015 and 2030, and reach $39 billion from $36 billion. However, if federal fuel taxes are replaced with VMT fee systems in 2015 at an initially revenue-neutral rate, then the revenue would increase by 33% between 2015 and 2030, and reach $47 billion from $36 billion.
Explore Full Report Description At@ https://www.psmarketresearch.com/market-analysis/advanced-transportation-pricing-systems-market
North America accounted for the largest market of advanced transportation pricing systems in 2014. The high penetration of the intelligence transportation system in North America is driving the growth of the advanced transportation pricing systems market in the region. Asia-Pacific is expected to be the fastest growing market during the forecast period. The growing need for crowd management in developing and populous countries, such as India and China is expected to drive the demand of advanced transportation pricing systems in coming years.
Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=advanced-transportation-pricing-systems-market
Some of the competitors in the global advanced transportation pricing systems market are, TransCore Inc., Kapsch TrafficCom AG, Q-Free ASA, and EFKON AG.