The market is predicted to grow at a CAGR of 10.7% between 2022 and 2030, according to our most recent analysis on the global electronic toll collection market. The electronic toll collection market has had rapid expansion over the last few years, and it is anticipated that this trend will continue throughout the projection period.

According to an analyst, "stifling traffic circumstances are boosting the necessity of congestion tolling as cars expand cities. Additionally, as governments look to use tolling to close the investment gap, the rapidly expanding infrastructure in developing countries is expected to spur market expansion for electronic toll collection. Governments all over the world are being persuaded by the rapid advancements in ETC technologies to spend heavily in ETC toll lanes.

Download Request for Sample@ https://www.xresearch.biz/request-sample-pages/global-electronic-toll-collection-market

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
• By Solution
• RFID Based ETC System
• Video Analytics Based ETC System
• License Plate Capture System
• Axle Based Vehicle Classification System
• Cash Management System
• Toll Monitoring
• Others
• By Services
• Installation
• 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

Read More Information: https://www.xresearch.biz/shop/global-electronic-toll-collection-market



About Us:-
xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.


Contact:
Company Name: xResearch
Contact Person: James Lin
Email: [email protected]
Phone: +1 718-618-4545