Europe Automatic Tolling System Market 2021: Segmentation, Manufacturing Cost Analysis Including Key Raw Materials, Price Trend, Key Suppliers Conduent Business Services, LLC, Feig Electronic, IBI Group, Indra Sistemas, S.A., Neology Inc

The automatic tolling system market in Europe is expected to grow from US$ 2,486.94 million in 2021 to US$ 3,647.29 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.

The Business Market Insights provides you regional research analysis on “Europe Automatic Tolling System Market” and forecast to 2028. The research report provides deep insights into the regional market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Europe Automatic Tolling System market during the forecast period, i.e., 2021–2028.

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The region is looking to adopt new technologies for a smoother flow of vehicles. For instance, Toll4Europe's toll system offers a range of smart value-added services. The company is providing European electronic tolling service (EETS) tolling system. Further, the company has entered into a joint venture comprising T-Systems, Daimler, and DKV Euro Service to offer advanced technology in tolling system. The EETS system has linked two main technologies – global navigation satellite system (GNSS) and dedicated short range communication (DSRC). Moreover, the European Commission has recognized the need for technological innovation, which is increasing the demand for automatic tolling systems in the region.

Major Key players covered in this report:

• Conduent Business Services, LLC
• Feig Electronic
• IBI Group
• Indra Sistemas, S.A.
• Neology Inc.
• Raytheon Technologies Corporation
• Siemens Mobility
• STMicroelectronics N.V.
• Tecsidel, S.A.
• Thales Group
• TransCore, LP

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe Automatic Tolling System market. The researcher provides an extensive analysis of the Europe Automatic Tolling System market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Europe Automatic Tolling System market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Europe Automatic Tolling System market segments and regions.

Europe Automatic Tolling System Market Segmentation

Europe Automatic Tolling System Market - By Offering

• Hardware
• Services

Europe Automatic Tolling System Market - By Type

• Unmanned Self-Service Automated Tollbooth Collection System
• Unmanned Automated Toll Booth Collection System
• Unmanned Wireless Automated Toll Booth Collection System

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The research on the Europe Automatic Tolling System market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Europe Automatic Tolling System market on the basis of end user, product type, application, and demography for the forecast period 2021–2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Europe Automatic Tolling System market.

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