Electronic Toll Collection Market Report Providing Detailed Information of Latest Market Figures And Key Players | Autostrade Per L’italia SPA, Jenoptik, Q-Free ASA

Report Ocean releases its latest report on the global Electronic Toll Collection Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Electronic Toll Collection Market.

The global electronic toll collection market size was US$ 6.2 billion in 2020. The global electronic toll collection market is forecast to reach US $18.9 billion by 2030 and will grow at a compound annual growth rate (CAGR) of 11.50% during the forecast period from 2021-2030.

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Factors Influencing the Growth

The global electronic toll collection market is growing due to the rising demand for safer and more efficient transportation infrastructure.

Electronic toll collection is growing due to technological advancements, such as GNSS and GPS technology incorporated by Japan into their electronic toll collection systems. This technology has forced governments globally to invest heavily in toll lanes, fueling the market growth.

Government support for developing new standards and regulations concerning these systems and tolls has propelled the industry's growth.

Installation costs are high, along with operating and maintenance costs, which negatively impact the market's growth. 

Increased adoption of electronic toll collection systems in developing regions and stringent government regulations towards their implementation will offer lucrative growth potential.

Impact Analysis of COVID-19

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Electronic Toll Collection Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Electronic Toll Collection Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Electronic Toll Collection Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Electronic Toll Collection Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Electronic Toll Collection Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Electronic Toll Collection Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Electronic Toll Collection Market provides insight into the factors influencing its growth. This market study breaks down the Electronic Toll Collection Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Electronic Toll Collection Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Electronic Toll Collection Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Electronic Toll Collection Market are:

Autostrade Per L’italia SPA, Jenoptik, Q-Free ASA, Cubic Corporation, Xerox Corporation, Thales SA, Kapsch Traffic AG, Conduent Inc, Siemens AG, Quarterhill Inc, Raytheon Co, Other Prominent Players.

Scope of the Report

The global Electronic Toll Collection Market segmentation focuses on:

Segmentation based on Technology
Radio-frequency Identification (RFID)
Dedicated Short-range Communication (DSRC)
Infrared
GNSS & GPS
Video Analytics
Others

Segmentation based on Type:
Transponder-/Tag-based Tolling Systems
Other Tolling Systems

Segmentation based on Means of Collection
Prepaid
Postpaid

Segmentation based on Application
Highways
Urban Zones

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This release was published on openPR.