Global Electronic Toll Collection Market - Forecasts to 2027

According to a new market research report published by Global Market Estimates, The Global Electronic Toll Collection Market is projected to grow from USD 7.8 Billion in 2022 to USD 10.5 billion in 2027 at a CAGR value of 7.8% from 2022 to 2027. The increased use of sophisticated technology in transportation systems, as well as a rise in the number of policy measures to expedite automatic toll collection, reduce congestion, collisions, and environmental damage, and convenience of cashless transactions, are some of the forces influencing the ETC market demand during the forecast period.

Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Global Electronic Toll Collection Market - Forecast to 2027" https://www.globalmarketestimates.com/market-report/electronic-toll-collection-market-3744

 Key Market Insights

·         As per the type outlook, the transponder/tag-based tolling systems segment is expected to be the largest segment in the market from 2022 to 2027.

·         The RFID segment is expected to be the fastest growing segment in the market from 2022 to 2027 as per the technology segmentation

·         As per the application segmentation, the highways segment is expected to be the fastest growing segment in the market from 2022 to 2027

·         North America (the United States, Canada, and Mexico) will have a dominant share in the global electronic toll collection market from 2022 to 2027

·         Kapsch TrafficCom, Conduent Business Services, LLC, EFKON GmbH, TransCore, Thales Group, Raytheon Technologies Corporation, Cubic Corporation, Siemens, Neology, Inc., VINCI, Feig Electronic GmbH, among others are the key players in the electronic toll collection market

Type Outlook (Revenue, USD Billion, 2022 - 2027)

·         Transponder/Tag-based Tolling Systems

·         Other Tolling Systems

Technology Outlook (Revenue, USD Billion, 2022 - 2027)

·         RFID

·         DSRC

·         Others like GPS, GNSS, and ANPR etc.

Offering Outlook (Revenue, USD Billion, 2022 - 2027)

·         Hardware

·         Back Office

·         Other Services

Application Outlook (Revenue, USD Billion, 2022 - 2027)

·         Highways

·         Urban Areas

Regional Outlook (Revenue, USD Billion, 2022-2027)

North America                                                                                 

• The U.S.
• Canada
• Mexico

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC

Central & South America

• Brazil
• Argentina
• Rest of CSA

Middle East & Africa

• Saudi Arabia
• UAE
• Rest of MEA

 

Contact: Yash Jain

Email address: yash.jain@globalmarketestimates.com

Phone Number: +16026667238