Electronic Toll Collection Market Scope and Overview
The global Electronic Toll Collection Market research study takes into account historical data, current market trends, the environment, technological innovation, future technologies, and industry technical progress. The study's data and material comes from a variety of reliable sources, including business websites, white papers, annual reports, journals, media, and mergers and acquisitions. The complete market report also gives information on the current condition of the industry, which can be used by businesses and investors interested in this market for guidance and direction.
According to SNS Insider, the Electronic Toll Collection Market Size is projected to reach a valuation of USD 13.57 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.2% during the forecast period of 2023-2030. In 2022, the market was valued at USD 8.38 billion.
This study offers a complete analysis picture for the global Electronic Toll Collection market. The report's market estimations are based on a mix of secondary research, primary interviews, and internal expert reviews. These market estimates are based on research into the impact of different social, political, and economic factors on market growth, as well as present market dynamics.
The key players in Global Electronic Toll Collection Market are:
Abertis, Cubic Corporation, GeoToll, Kapsch TrafficCom, Raytheon Company, Conduent, Denso Corporation, International Road Dynamics, Perceptics, Siemens & Other Players.
Market Segmentation
The Electronic Toll Collection market is divided into categories: product type, end user, application, and geography. The development of these industries will aid in the analysis of underdeveloped growth areas, as well as give users with a comprehensive market overview and industry insights to aid in strategic core market application discovery decisions. The research report sheds lights on the lucrative regions of the market.
Regional Analysis
The study contains market analysis for the United States, China, India, Japan, Canada, South Korea, the United Kingdom, Germany, France, Brazil, and Mexico at the global, regional, and country levels. Market estimates and predictions for the study's segmentation will be offered at the regional and country levels. The market estimates and predictions will help you determine which region in the Electronic Toll Collection industry is the most profitable, as well as which location will generate the most revenue in the future.
Competitive Outlook
A section of the market research profiles leading players in the Electronic Toll Collection market, including an assessment of the company's business, financial statements, product overview, and strategic aspirations. The firms featured in the study can be customized to meet a client's specific needs. The competitive analysis sections will help participants get a full picture of the market competition.
Major Reasons to Purchase Electronic Toll Collection Market Report
Outgrowth market trends are global vital parts of a basic grasp of company. Electronic Toll Collection Market Outlook provides crucial elements, detailed company suggestions based on growth, and long-term objectives. As their company grows and advances, they need to realign markets, develop/modify progressive, and realign markets. Highlights the trends that are driving research, allowing fragmentation, and, as a result, hampered industry process verticals.
Table of Content – Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electronic Toll Collection Market Segmentation, By Type
9. Electronic Toll Collection Market Segmentation, By Application
10. Regional Analysis
11. Company Profiles
12. Competitive Landscape
13. Conclusion
Continued…
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The Global Electronic Toll Collection Market size is estimated to be USD 7.68 billion in 2019 and is predicted to reach USD 18.46 billion by 2030 with a CAGR of 8.3% from 2020-2030.Electronic Toll Collection is a system which is meant for the automatic toll collection without stopping at toll booth.
This helps in the reduction of vehicle congestions and also notifies the entry of non-registered vehicle in the city.Access Full Description of this report at:- https://www.nextmsc.com/report/electronic-toll-collection-market Top Companies: 3M, Transcore Holdings, Inc., Xerox Corporation, TrafficCom, TRMI Systems Integration, Sensor Dynamics, Toll Collect GmbH, Kapsch, Cubic Transportation Systems, Inc., Q-Free and others.The global electronic toll collection market share is analyzed on the basis of subsystem, technology, application and geography.
On the basis of subsystem, the market is segmented into Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, and Transaction Processing.
On the basis of technology, the market is divided into Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), Infrared, GNSS & GPS, and Video Analytics.
Based on application, the market is fragmented into urban and highways.
Furthermore, increase in technological advancement and presence of developed infrastructure coupled with increase in traffic congestions is expected to drive the growth of electronic toll collection market.
Global Electronic Toll Collection Market research report, by type (ETC, AET, transponders, ANPR), product (AVI, AVC), application (highways, urban), technology (RFID, DSRC, GPS/GNSS), by means of toll collection (Prepaid, postpaid) – Forecast till 2027Market OverviewElectronic Toll Collection System is an electronically powered toll collection machine that collects the pre-programmed toll from customers.
An electronic toll collection system is the smart alternative to manual toll collection.
The use of Electronic Toll Collection Systems helps in modernizing public infrastructure and transport systems.There are many persisting problem areas that Electronic Toll Collection Systems aims at solving today.
Electronic Toll Collection Systems help create better traffic systems.
However, the trends of Electronic Toll Collection Market Growth show that the Electronic Toll Collection Market Size will be growing at a rate of 11.20 percent in the near future.
In addition to this, the increased focus of national governments on road safety is also a key factor of growth.
Electronic Toll Collection Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Electronic Toll Collection include TransCore, Xerox Corporation, Intelligent Transportation Systems (India) Pvt.
Ltd., Honeywell International Inc., EFKON GmbH, Thales Group, Toshiba Corporation, Conduent Business Services, LLC, Verra Mobility, Mitsubishi Heavy Industries Machinery Systems Ltd., International Road Dynamics Inc., FEIG ELECTRONIC GmbH, Tecsidel, S.A., Atlantia S.p.A., Siemens AG, ARH Inc., Cubic Corporation, Kapsch TrafficCom, Jenoptik AG, Perceptics, LLC, Electronic Transaction Consultants, LLC, Kent- QuaLiX, and Q-Free ASA..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Electronic Toll Collection Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electronic-toll-collection-market/download-sampleMarket SegmentationThe broad Electronic Toll Collection has been sub-grouped into the Technology, Type, Payment Method, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
