Electronic Toll Collection Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

According to our recent study on Global Electronic Toll Collection Market 2022-2030, the market is anticipated to flourish at a CAGR 10.7% of during the forecast period i.e. 2022-2030. The global market for electronic toll collection has showcased robust growth in the past few years and is expected to further bolster its performance over the forecast period.

Analyst mentioned that “with automobiles outgrowing cities, stifling traffic conditions is driving the urgency of congestion tolling. In addition, rapid growing infrastructure in developing nations is set to create growth opportunities for Electronic Toll Collection Market as governments eye on bridging the investment gap through tolling. Progressive developments in ETC technologies are also influencing governments across the globe to make heavy investments in ETC toll lanes.”

Further Key Findings From the Report Suggest:

The market for global electronic toll collection is expected to grow at a CAGR of 10.7% during forecast period on the account of increasing government allocation of funds to intelligent transportation system.

Asia regional market is projected to witness lucrative growth over the forecast period due to increasing infrastructure developments.

Among all the application, highway segment captured largest share of electronic toll collection market in 2021. Rising level of traffic congestion on highways has resulted in increased need for better traffic management which is likely to spearhead future growth prospects.

The report features a wealth of standardized and cross-comparable statistics including total market sizes, market share, industry trends, growth indicators and sub-category level information by offering, by application, by type and by region. The countries are divided into five areas according to their geographical proximity and similarity in market characteristics. These areas are:

·        North America: U.S. and Canada

·        Latin America: Mexico, Brazil, Argentina and Rest of Latin America

·        Europe: Germany, U.K., France, Italy, Spain, Poland, Russia, BENELUX and Rest of Europe

·        Asia: China, Japan, South Korea, India, Australia, New Zealand, Singapore, Malaysia and Rest of Asia

·        Middle East & Africa: GCC (Kingdom of Saudi Arabia, UAE, Oman, Qatar, Bahrain, Kuwait), North Africa, South Africa and Rest of Middle East & Africa.

GLOBAL ELECTRONIC TOLL COLLECTION MARKET SEGMENTATION

Global Electronic Toll Collection Market from xResearch delivers market size, segmented by offerings, by type, by application and by region. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give you competitive overview.

SEGMENTS COVERED:

Electronic Toll Collection Market by Offerings

·        Solution

o   RFID Based ETC System

o   Video Analytics Based ETC System

o   License Plate Capture System

o   Axle Based Vehicle Classification System

o   Cash Management System

o   Toll Monitoring

o   Others

·        Services

o   Installation

o   Maintenance & Repair

Electronic Toll Collection Market by Type

·        Open Road Tolling

·        Plaza Tolling

·        Others

Electronic Toll Collection Market by Application

·        Highway

·        City

Electronic Toll Collection Market by Region

·        North America

·        Asia Pacific

·        Europe

·        Latin America

·        Middle East & Africa

Company

·        Thales Group

·        Honeywell International, Inc.

·        Transurban Limited

·        Transtoll Pty Ltd

·        TransCore

·        TRMI Systems Integration

·        Sensor Dynamics

·        Xerox Corporation

·        Conduent Business Services, LLC, US

·        The 3M Company

·        ConnectEast

·        EFKON

·        Science Applications International Corp.

·        DENSO CORPORATION

·        Q-Free

·        Mitsubishi Heavy Industries, Ltd.

·        Perceptics, LLC

·        Kapsch TrafficCom AG

·        Cubic Transportation Systems, Inc.

·        Siemens AG

·        International Road Dynamics, Inc.

·        Raytheon Company

·        Other Key & Niche Players