Electronic Toll Collection Market Astonishing Growth with Top Influencing Key Players like Toshiba, Mitsubishi, MIFARE, Shutoko, Xerox, Kapsch Trafficom AG

The global Electronic Toll Collection market size will reach USD 6157.9 million in 2028, growing at a CAGR of 3.8% over the analysis period.

Global "Electronic Toll Collection Market" report provides a meticulous analysis of market dynamics, current developments, and trending business strategies. This report gives a comprehensive analysis of different segments on the basis of type, application, and region. It Offers Qualitative and Quantitative Analysis of Market Size, Share, Future Growth Opportunities, and Current Trends. This comprehensive research offers a detailed analysis of market development and growth factors, product launches, joint ventures, mergers, and acquisitions. The study recalibrates the impact of macroeconomic and microeconomic factors that has the potential to impact the expansion of the Electronic Toll Collection market. Additionally, this report highlights the challenges impeding market growth and expansion strategies employed by leading companies in the Electronic Toll Collection Market.

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Top Companies in the Global Electronic Toll Collection Market: -
Toshiba, Mitsubishi, MIFARE, Shutoko, Xerox, Kapsch Trafficom AG, Q-Free, Hitachi, Illinois Tollway, Metro Infrasys, Conduent Transportation *

Market Overview:

The growth of the global electronic toll collection market is driven by upsurge in demand for safety and efficiency of transportation infrastructure. Moreover, technological advancements in this industry, such as GNSS and GPS technology adopted by Japan in their electronic toll collection systems, have enforced governments across the globe to make heavy investments on toll lanes, which fuel the electronic toll collection market growth. Furthermore, government support in framing new standards and regulations regarding the implementation of these systems and tolling has propelled the industry growth.

Recent Developments:

In June 2019, Kapsch TrafficCom signed a contract with the Canadian IBI Group to expand its toll management footprint in Europe by equipping the Olympia Odos Greek motorway with 30 free-flow rebate stations.

In January 2019, the Buffalo and Fort Erie Public Bridge Authority (US) selected TransCore to develop an integrated electronic toll collection and border analytics system on the Peace Bridge, which crosses the Niagara River, connecting Buffalo, New York, and Fort Erie, Ontario.

 Global Electronic Toll Collection Market Segmentation by Types:
Rfid-Based ETC Systems
Dsrc-Based ETC Systems
Video Analytic-Based ETC Systems
Gnss/Gps-Based ETC Systems

Global Electronic Toll Collection Market Segmentation by Applications:
Highway Tolling
Urban Tolling

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The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

Table of content:

- Electronic Toll Collection Industry Overview

- Electronic Toll Collection Up and Down Stream Industry Analysis

- Electronic Toll Collection Marketing Channels Development Proposals Analysis

-Development Environmental Analysis

- Electronic Toll Collection New Project Investment Feasibility Analysis

- Electronic Toll Collection Industry Conclusions

-Global Electronic Toll Collection Industry Development Trend

-Global Electronic Toll Collection Industry Research Conclusions

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Reasons to Invest:

Market Size Forecasts: The authors of the report have provided accurate estimation of the global Electronic Toll Collection market size based on value and volume
Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global Electronic Toll Collection market
Future Prospects: The report here offers crucial information on the rewarding opportunities in the global Electronic Toll Collection market

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