Press release
Electronic Toll Collection Market worth $15.20 Billion by 2030, at a CAGR of 8.3%
Electronic Toll Collection Market
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.
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Browse 232 market data Tables and 65 Figures spread through 245 Pages and in-depth TOC on "Electronic Toll Collection Market"
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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).
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