South America Automatic Tolling System Market is estimated to grow at a CAGR of 3.1% from 2021 to 2028

The Business Market Insights provides you regional research analysis on “South America 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 South America Automatic Tolling System Market during the forecast period, i.e., 2021–2028.

The automatic tolling system market in SAM is expected to grow from US$ 277.32 million in 2021 to US$ 344.34 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028.

SAM includes Brazil and Argentina. The region is significantly looking to adopt automatic tolling systems for smoother toll collection. For instance, Ausol Autopistas del Sol SA, the largest toll concessionaire in Argentina supporting a 120 km roadway network and more than 900,000 vehicles per day, has chosen TransCore’s radio frequency identification (RFID) technology multiprotocol windshield sticker tags and multiprotocol encompass 6 reader technology to upgrade its current system. Similarly, Indra Sistemas has been awarded with a EUR 10.5 million (US$ 11.8 million) contract by Ruta del Cacao Concessionaire to supply all the traffic management technology, intelligent transport systems (ITS), communications, and toll systems for a major new BBY Highway in Colombia, SAM. Therefore, the adoption of advanced technologies in toll collection systems is leading the demand for automatic tolling systems in the region. Further, SAM countries are focusing on several highway projects. With the growing number of highways and roads, there is an increasing need for advanced toll collection systems. For instance, the Inter-American Development Bank and the World Bank were heavily engaged in the highway construction projects such as the construction of the bridge links joining Paraguay & Argentina, Argentina & Uruguay, and Paraguay & Brazil. A road linking Venezuela & Brazil allows north-south movement through the Amazon basin. Brazil continues to have the largest network of roads belonging to the Pan-American Highway system, which extends throughout the Americas. Thus, there is an increasing need for toll collection systems, owing to rise in the highway construction projects, which is boosting the demand for automatic tolling systems.

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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 South America Automatic Tolling System Market. The researcher provides an extensive analysis of the South America 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.

Major Key players covered in this report:

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

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the South America 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 South America Automatic Tolling System Market segments and regions.

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The research on the South America 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 South America 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 South America Automatic Tolling System Market.

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