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Electronic Toll Collection Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Electronic Toll Collection Market Analysis 2022-2028Due to the COVID-19 pandemic, the global Electronic Toll Collection market size is estimated to be worth US$ 5033.8 million in 2022 and is forecast to a readjusted size of US$ 6254.6 million by 2028 with a CAGR of 3.7% during the review period.
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Electronic Toll Collection Market size and share
Based on Type, Rfid-Based ETC Systems is expected to have highest market share in Electronic Toll Collection Market.
Based on application, the highway tolling segment will provide lucrative opportunities for growth in the electronic toll collection market share due to implementation in highways for alleviating the problems of traffic congestion, accidents, and pollution.
Based on region, North America is expected to witness huge growth in the electronic toll collection market share due to a huge number of vehicles on the road and a large network of interstate highways
Electronic Toll Collection Market Segment and Scope
Electronic Toll Collection market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Electronic Toll Collection market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
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Electronic Toll Collection Market Segment By Type
• Rfid-Based ETC Systems
• Dsrc-Based ETC Systems
• Video Analytic-Based ETC Systems
• Gnss/Gps-Based ETC Systems
Electronic Toll Collection Market Segment By Application
• Highway Tolling
• Urban Tolling
The major vendors covered:
• Toshiba
• Mitsubishi
• MIFARE
• Shutoko
• Xerox
• Kapsch Trafficom AG
• Q-Free
• Hitachi
• Illinois Tollway
• Metro Infrasys
• Conduent Transportation
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