Electronic Toll Collection Market worth $15.20 Billion by 2030, at a CAGR of 8.3%

The Electronic Toll Collection Market is likely to be valued at USD 10.19 billion in 2025 and reach USD 15.20 billion by 2030. It is expected to register a CAGR of 8.3% during the forecast period.
The report "Electronic Toll Collection Market [https://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=electronictollcollectionmarket] by Radio-Frequency Identification, Dedicated Short-Range Communications, Hardware, Back Office & Other Services, Highways, Urban Areas, Transponders/Tag-based Tolling Systems and Region - Global Forecast to 2030" The global electronic toll collection market is anticipated to grow from USD 10.19 billion in 2025 to USD 15.20 billion by 2030 at a CAGR of 8.3% during the forecast period. The main reason behind the growth of the electronic toll collection market is the increasing number of vehicles on roadways in densely populated urban areas. Electronic toll collection (ETC) systems address traffic congestion issues by enabling faster, seamless payments using technologies, including RFID. Moreover, the push for a greener future encourages more people to adopt ETC, as it helps cut down on vehicle idle time and pollution in areas where many people live and commute.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224492059 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224492059&utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=electronictollcollectionmarket]

Browse 232 market data Tables and 65 Figures spread through 245 Pages and in-depth TOC on "Electronic Toll Collection Market"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html [https://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=electronictollcollectionmarket]

Image: https://www.marketsandmarkets.com/Images/electronic-toll-collection-system-market1.webp [https://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=electronictollcollectionmarket]

Highways segment is likely to account for a larger market share in 2030.

The highways segment is expected to grow at a higher CAGR of the [https://www.marketsandmarkets.com/PressReleases/electronic-toll-collection-system.asp?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=electronictollcollectionmarket] during the forecast period. Faster and efficient toll collection, reduced traffic congestion, and shorter travel are the key reasons for demanding ETC systems on highways. Increasing traffic volumes each day on highways necessitates tolling automation to streamline operations. In addition, ETC helps improve revenue collection accuracy and preserve environmental sustainability by reducing vehicle idling and emissions.

Other technologies segment is expected to register the highest CAGR between 2025 and 2030

The other technologies segment is anticipated to grow at the highest CAGR in the electronic toll collection market during the forecast period. More effective management of high traffic volumes in big cities is the reason for the rising interest in other technologies, such as automatic number/license plate recognition (ANPR/ALPR), automatic vehicle classification (AVC), and weigh-in-motion (WIM) tolling). With these systems, vehicle identification and classification are accurate, so there are fewer chances of errors. They make it easier to catch violations, ensure safer roads, and gather information needed for planning improvements, all of which make how tolls are operated more reliable.

Asia Pacific is expected to hold the largest share of the electronic toll collection market in 2025.

Asia Pacific is anticipated to capture the largest share of the global electronic toll collection market in 2030. The surging infrastructure development, mainly of highways and cities, pushes up the demand for ETC systems in the region. With more people owning vehicles in these countries, the requirement for automated and flexible tolling increases. Additionally, the presence of highly populated countries, such as China and India, has deployed ETC systems to streamline the tolling operations.

Key Players

Key Players in the [https://www.marketsandmarkets.com/ResearchInsight/electronic-toll-collection-system-market.asp?utm_source=abnewswire.com&utm_medium=PaidPR&utm_campaign=electronictollcollectionmarket] include Kapsch TrafficCom AG (Austria), Conduent Incorporated (US), ST Engineering (TransCore) (US), Thales (France), Siemens (Germany), Cubic Corporation (US), EFKON GmbH (Austria), Neology, Inc. (US), FEIG ELECTRONIC (Germany), and Q-Free (Norway).

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore Trademark , which integrates research and provides ecosystem-wide visibility into revenue shifts.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=electronic-toll-collection-market-worth-1520-billion-by-2030-at-a-cagr-of-83]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445
City: Delray Beach
State: Florida
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/electronic-toll-collection-system-market-224492059.html

Legal Disclaimer: Information contained on this page is provided by an independent third-party content provider. ABNewswire makes no warranties or responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you are affiliated with this article or have any complaints or copyright issues related to this article and would like it to be removed, please contact retract@swscontact.com



This release was published on openPR.