Press release
Electronic Toll Collection Market is expected to show growth from 2024 to 2030, reported by Maximize Market Research
Electronic Toll Collection Market size was valued at USD 8.58 Bn. in 2023 and the total Electronic Toll Collection revenue is expected to grow by 7.6% from 2024 to 2030, reaching nearly USD 14.34 Bn.๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐จ๐ฅ๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
ETC is a wireless system that automatically collects toll fees from cars using toll highways, HOV zones, toll roads, and toll tunnels, eliminating the need for physical toll booths. Vehicles equipped with a transponder module can use this technology. The market for electronic toll collection is influenced by government initiatives to reduce congestion and promote efficient transportation. Emerging nations are increasingly implementing ETC systems to improve traffic flow and eliminate toll booth queues. This evolution aims to streamline toll processing and enhance overall road efficiency. Efficient traffic management, government modernization initiatives, and sustainable transportation practices are driving global market growth.
Advanced tolling systems, RFID, GPS, and machine learning advancements improve electronic toll collection accuracy and efficiency. Challenges include standardization, interoperability, and toll evasion. Opportunities exist in sustainability, technology advancements, and partnerships for comprehensive tolling solutions. The major key players are the Kapsch TrafficCom, Conduent Business Services, EFKON GmbH, TransCore, Thales Group, Raytheon Technologies Corporation, and Cubic Corporation. North America, led by the United States and Canada, is set to dominate the electronic toll collection market, with the highest market share at the end of the forecast period. These countries have a high number of vehicles per person and extensive interstate and state freeway networks, driving the growth of electronic toll collection. Major companies like TransCore, Raytheon, and Conduent, headquartered in North America, are making significant contributions to the industry's expansion both regionally and globally.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐:https://www.maximizemarketresearch.com/request-sample/23914/
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
December 14, 2023: 3M announced that it has sold its fifty-percent equity stake in Combi Packaging Systems, LLC (Combi) to SIAT Group (SIAT), an H.I.G. Capital portfolio company and provider of case taping machinery, wrapping machinery, and strapping equipment.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐จ๐ฅ๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฎ๐ฌ๐ญ ๐ ๐๐ฅ๐ข๐๐ค ๐๐ฐ๐ :https://www.maximizemarketresearch.com/request-sample/23914/
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐จ๐ฅ๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฒ๐ฉ๐
Transponder
Other
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
Radio-frequency Identification (RFID)
Dedicated Short-range Communication (DSRC)
Other
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Bridges
Roads
Tunnels
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/23914/
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐จ๐ฅ๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐ฅ๐๐๐๐๐ซ๐ฌ
Kapsch TrafficCom
Conduent Business Services
EFKON GmbH
TransCore
Thales Group
Raytheon Technologies Corporation
Cubic Corporation
Siemens
Neology, Inc.
VINCI
Feig Electronic GmbH
Toshiba Corporation
TRMI Systems Integration
Magnetic AutoControl
International Road Dynamics Inc.
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:https://www.maximizemarketresearch.com/market-report/global-electronic-toll-collection-market/23914/
๐๐๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐จ๐ฅ๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐:
Which is the potential market for the Electronic Toll Collection in terms of the region?
What are the challenges for new market entrants?
What is expected to drive the growth of the Electronic Toll Collection market in the forecast period?
What is the projected market size & growth rate of the Electronic Toll Collection Market?
What segments are covered in the Electronic Toll Collection Market report?
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Electronic Toll Collection Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Electronic Toll Collection Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by
Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐ก๐๐ฌ ๐๐ฅ๐ฌ๐จ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง
Tablet Market size was valued at US$ 43.99 Bn. in 2023 and the total revenue is expected to grow at CAGR 3.4% through 2024 to 2030, reaching nearly US$ 55.59 Bn.
๐๐๐ญ ๐๐ง๐๐จ:https://www.maximizemarketresearch.com/request-sample/115033/
Global In-circuit Tester Market is anticipated to reach US$ 1.76 Bn by 2029 from US$ 1.25 Bn in 2022 at a CAGR of 4.9% during a forecast period.
๐๐๐ญ ๐๐ง๐๐จ:https://www.maximizemarketresearch.com/market-report/global-in-circuit-tester-market/120886/
Water Leakage Tester Market was valued at US$ 1.94 Bn. in 2022. Global Water Leakage Tester Market size is expected to grow at a CAGR of 4.34 % through the forecast period.
๐๐๐ญ ๐๐ง๐๐จ:https://www.maximizemarketresearch.com/market-report/water-leakage-tester-market/146793/
Home Water Filtration Unit Market was valued at USD 5.60 Billion in 2023, and is expected to reach USD 10.01 Billion by 2030, exhibiting a CAGR of 8.65 % during the forecast period.
๐๐๐ญ ๐๐ง๐๐จ:https://www.maximizemarketresearch.com/market-report/home-water-filtration-unit-market/165242/
The Industrial Vacuum Cleaner Market size was valued at US $ 721.56 Million in 2023 and is expected to grow at a CAGR of 5.23% from 2024 to 2030, reaching nearly US $ 1030.98 Million.
๐๐๐ญ ๐๐ง๐๐จ:https://www.maximizemarketresearch.com/market-report/industrial-vacuum-cleaner-market/187619/
๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐. ๐๐๐.
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Maximize Market Research is a global Market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more. Their services cover Market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence. Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their Market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving Market landscape.
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