North America Electronic Toll Collection System Market Outlook 2022 - Huge Growth, Trends, Revenue and In-depth Analysis 2028

The electronic toll collection system market in North America is expected to grow from US$ 1,373.20 million in 2021 to US$ 2,683.00 million by 2028; it is estimated to grow at a CAGR of 10.0% from 2021 to 2028. The effective trade through NAFTA (North America Free Trade Agreement) has ensured the transportation and free trade within the U.S., Canada, and Mexico. Further, the consistent maintenance and connectivity through roads have also risen the demand for robust toll collection across Mexico and Canada. However, low penetration of digital transaction has resulted in limited the ETC systems to national highways and expressways. Whereas Canada superior economic and infrastructure abilities has witnessed greater adoption of ETC systems compared to Mexico. However, the country still lacks a robust and interoperable ETC system unlike its neighboring country U.S. which boasts of an interoperable system. In terms of growth, Mexico is projected to witness an attractive market for ETC systems owing to the growing infrastructure demand and surge in the number of register vehicles in the country.

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key companies profiled in this research study are: 
Conduent, Inc.
Efkon GmbH
Kapsch Trafficcom AG
Neology
Siemens AG
Thales Group

North America Electronic Toll Collection System Market Segmentation:

North America Electronic Toll Collection System Market - By Offering:
Hardware Equipment
Service

North America Electronic Toll Collection System Market - By Technology:
ANPR
GNSS
DSRC
Others

North America Electronic Toll Collection System Market - By Application:
Highways
Urban Area

North America Electronic Toll Collection System Market - By Country:
US
Canada
Mexico

The report offers in-depth assessment of the growth and other aspects of the North America Electronic Toll Collection System market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2019 to 2028. These analyses will help the reader to understand the potential worth of investment in a particular region.

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The countries considered under the North American region are U.S., Canada, and Mexico. The U.S. being one of the first countries to integrate electronic toll collection systems today boasts a significant network of ETC based systems across various tunnels, bridges, toll gateways, and expressways. Moreover, through a collaborative effort of various inter-state agencies have facilitated the implementation of an efficient ETC system across the country in the past decade. Moreover, the significant freight transportation by road in the U.S. compared to Canada and Mexico has also greatly influenced the adoption of ETC based systems in the country. This has led to a substantial market share of 53.24% in the North America region owing to leading market penetration of ETC based systems. Subsequently, the ETC system market in the U.S. is expected to witness a steady growth over the forecast period. The rising number of government initiatives to achieve congestion-free transportation, rapidly increasing vehicle demand and production in the North American region, and adoption of the latest technological solutions, such as GPS and GNSS toll collection and tracking solutions are driving the north America electronic toll collection market.

Major Key Points of North America Electronic Toll Collection System Market
• North America Electronic Toll Collection System Market Overview
• North America Electronic Toll Collection System Market Competition
• North America Electronic Toll Collection System Market, Revenue and Price Trend
• North America Electronic Toll Collection System Market Analysis by Application
• Company Profiles and Key Figures in North America Electronic Toll Collection System Market
• Market Dynamics
• Methodology and Data Source

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Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape North America Electronic Toll Collection System market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

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