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The Market Tendency Of ETC Terminal Equipment In 2020
May 22, 2018

The Market Tendency of ETC Terminal Equipment in 2020


Under the impetus of the National Development and Reform Commission, the Ministry of Transport, and various local policies, the users of the National Expressway Electronic Toll Collection System (ETC) exhibited “blowout” growth. By the end of 2017, the integration and sharing of transportation and government affairs information systems was basically completed, and the highway electronic toll collection system (ETC) nationwide had been networked, with users surpassing 59 million.


Under the background of smart transportation, the“Internet+ETC”industry is making a comeback and there will be a huge room for development in the future. According to the "13th Five-Year Plan for the Development of an Integrated Modern Transportation System," the use of highway ETC in 2020 will reach 50%, in addition, according to the information and resources development department of the National Information Center, China's vehicle ownership will reach 250 million by 2020. In summary, the ETC coverage rate of 50% and the vehicle ownership of 250 million vehicles in 2020, it is expected that the number of ETC users in China in 2020 is expected to reach 125 million.


According to the data from the Shenzhen Intelligent Transport Industry Association, China's ETC market grew rapidly from 2012 to 2016, rising from 500 million to 2.2 billion, with a compound annual growth rate of 45%. From 2016 to 2020, based on our estimates, it is expected to increase from 2.2 billion to more than 7 billion, with a compound growth rate of 34%, a slight decrease from the previous growth rate.


The specific calculation method is as follows: It is assumed that the number of ETC users in 2020 will reach 125 million, and that the initial installation cost of each ETC terminal equipment (mainly OBU vehicle-mounted units) will be 200 yuan by 2020 (the current sales unit price will be about 200 yuan). The OBU is updated every five years together with an update fee of approximately 20% of the initial installation cost. It is expected that the market size of OBU installed in early 2020 will reach 7 billion, and the market size of updated OBU will reach 280 million, which will reach a total market of more than 7 billion.





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