The Global Electronic Toll Collection market size was valued at US$ 1.18 Bn in 2019 and is expected to reach US$ 14.4 Bn by 2026 to exhibit a CAGR of 36.71% during the forecast period.
 
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.  To know about the Research Methodology:-Request Free Sample Report The demand for the Electronic Toll Collection market is increasing due to rising investments by manufacturers in the global Electronic Toll Collection market. The manufacturers that invest in this market to achieve advancing requirements of high bandwidth applications, high-density applications, and lower power consumption are expected to manage demand for active optical cables (AOCs) and direct attach copper (DAC) cables.
 
The adoption of Electronic Toll Collection markets is increasing for data storage is probably to improve the market growth. Data center operators utilize Electronic Toll Collection market assemblies for data storage on account of the cost-saving and energy-saving benefits they offer. Further, AOCs act as the main transmission medium in data centers and high-performance computing (HPC) centers to ensure the flexibility and stability of data transmission. DAC cables can be used to connect switches to routers and/or servers.
 
They are becoming growingly popular in the network industry because the price difference is so large compared with regular optics and RJ-45 10G is not widely acquired. The rising demand for next-generation high-speed pluggable-products is raising the growth of the market over the forecast period. The pluggable products can perform in utmost conditions such as high-temperature data centers. These next-generation cables are used to support the ultra-fast speed required by the hyper-scale industry.
 
The growing use of active optical cables in consumer electronics such as 4K televisions and digital signage is expected to prompt market growth over the forecast period. However, the high costs related to the set-up of optical cable networks, as well as the costly raw materials used in the manufacture of optical cables and the high cost of optical fiber hamper the growth of the market. Also, the continuous R&D activities managed by the manufacturers in order to assemble next-generation AOCs and transceivers to meet the developing requirements of data centers is an expensive process, which delays the market growth over the forecast period. In 2017, the AOC segment accounted for the huge market share also it is expected to dominate in the forecast period owing to the increasing need for bandwidth requirements of high-performance computing centers and the surge in the establishment of data centers.
 
AOCs are also used in hyper-scale builders and storage subsystems, which run 10G or 25G from a Top-of-Rack switch to subsystems. The Cx4 and CXP segments are anticipated to grow at a steady rate over the forecast period. In 2017, QSFP accounted for the largest market share. The pluggable products can operate even in extreme conditions, such as high-temperature data centers. The other segment, which includes consumer electronics such as 4K TV, is anticipated to grow considerably over the forecast period.
 
North America is expected to dominate the global market over the forecast period, mainly due to soaring demand for higher bandwidth speeds in high-performance computing centers as well as a consistent increase in data centers. Key players operating in the market include Arista Networks, Inc.; Cisco Systems, Inc.; Cleveland Cable Company; Hitachi, Ltd.; Juniper Networks; Methode Electronics; Molex, LLC; Nexans; Panduit; ProLabs Ltd; Solid Optics; The Siemon Company; 3M; Avago Technologies Ltd; Emcore Corporation; FCI Electronics; Finisar Corporation; Shenzhen Gigalight Technology Co., Ltd; Sumitomo Electric Industries, Ltd; and TE Connectivity Ltd. Various manufacturers are launching AOCs and DAC cables for data centers. For example, in January 2018, Nexans introduced the addition of these cables to its data center solutions product portfolio. The products were announced to expand the offerings of the data center segment and were designed to offer cost-effective, high-performance, and reliable solutions.
 

Scope of the Global Electronic Toll Collection Market: Inquire before buying

Global Electronic Toll Collection Market, by Product Type

• Direct Attach Copper Cables • Passive • Active • Active Optical Cables

Global Electronic Toll Collection Market, by Form Factor

• QSFP • SFP • CXP • Cx4 • CFP • CDFP

Global Electronic Toll Collection Market, by End-User

• Networking • Telecommunications • Data Storage • High-Performance Computing (HPC) Centers • Others

Global Electronic Toll Collection Market, by Region

• North America • Europe • Asia-Pacific • Middle East & Africa • South America

Key Players Operating in the Global Electronic Toll Collection Market

• Arista Networks, Inc. • Cisco Systems, Inc. • Cleveland Cable Company • Hitachi, Ltd. • Juniper Networks • Methode Electronics • Molex, LLC • Nexans • Panduit • ProLabs Ltd • Solid Optics • The Siemon Company • 3M • Avago Technologies Ltd • Emcore Corporation • FCI Electronics • Finisar Corporation • Shenzhen Gigalight Technology Co., Ltd • Sumitomo Electric Industries, Ltd • TE Connectivity Ltd
 

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