Electronic Toll Collection Market Overview

The size of the electronic toll collection market was estimated at USD 8.58 billion in 2023, and it is anticipated that total income from electronic toll collection will increase by 7.6% between 2024 and 2030, to reach around USD 14.34 billion.

Electronic Toll Collection Market Scope and Methodology:

The Electronic Toll Collection market research provides comprehensive information on significant aspects, including those that are expected to drive the industry's growth and upcoming challenges. The competitive environment of the industry, the products marketed by well-known companies, and the investment potential in the Electronic Toll Collection market will all be thoroughly understood by stakeholders. The study covers both the qualitative and quantitative components of the sector. A comprehensive examination of the competition for the Electronic Toll Collection Market is included in the scope of the MMR report.

The report offers a number of new requirements, each with a thorough justification. The Electronic Toll Collection Market was created by consulting both primary and secondary sources of information, including government documents, websites, annual reports, and the opinions of other professionals and academics.

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Electronic Toll Collection Market Regional Insights

This study includes a comprehensive analysis of all pertinent data, including market size, growth rate, and import and export by region. The research's geographic analysis makes it possible to comprehend the Electronic Toll Collection market situations in various nations. The Electronic Toll Collection market is made up of the markets in North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East.

Electronic Toll Collection Market Segmentation

by Type

Transponder
Other

by Technology

Radio-frequency Identification (RFID)
Dedicated Short-range Communication (DSRC)
Other

Over the course of the projection period, the RFID segment is anticipated to expand at a CAGR of 9.7%. Time and performance are crucial, hence the traditional approach needs to be changed. Time waste and traffic congestion are two major issues that RFID technology is being used to address. The label attached to the car's windscreen is scanned by the RFID reader mounted on the tollgate frame. A prepaid card linked to the appropriate RFID tag and kept in the user's wallet is used to withdraw the toll when the reader's object recognition sensor detects the proximity of the incoming vehicle's tag.

by Application

Bridges
Roads
Tunnels

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Electronic Toll Collection Market Key Players

1.Kapsch TrafficCom
2. Conduent Business Services
3. EFKON GmbH
4. TransCore
5. Thales Group
6. Raytheon Technologies Corporation
7. Cubic Corporation
8. Siemens
9. Neology, Inc.
10. VINCI
11. Feig Electronic GmbH
12. Toshiba Corporation
13. TRMI Systems Integration
14. Magnetic AutoControl
15. International Road Dynamics Inc.

Key questions answered in the Electronic Toll Collection Market are:

• What is Electronic Toll Collection ?
• What was the Electronic Toll Collection market size in 2023?
• What is the growth rate of the Electronic Toll Collection Market?
• Which are the factors expected to drive the Electronic Toll Collection market growth?
• What is the CAGR at which the Electronic Toll Collection market will grow during the forecast period?
• What are the different segments of the Electronic Toll Collection Market?
• Which is the fastest growing region in the Electronic Toll Collection market?
• What growth strategies are the players considering to increase their presence in Electronic Toll Collection ?
• What are the upcoming opportunities and trends for the Electronic Toll Collection Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Electronic Toll Collection Market?
• Who are the leading companies and what are their portfolios in Electronic Toll Collection Market?
• What segments are covered in the Electronic Toll Collection Market?
• Who are the key players in the Electronic Toll Collection market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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