The Electronic Toll Collection System market is expected to reach 2021, growing from $69 billion by 2028 to $100 billion, and is expected to grow at a CAGR of 8% during the forecast period. The main factors of the growth of the ETC market are an effective solution to reduce traffic congestion, accidents and environmental pollution, in support of the government to accelerate electronic toll collection, cash flow. Electronic toll collection is a kind of open toll system that is being adopted in many countries to make it easier to collect tolls, especially in highways and urban areas. The toll collection system is cashless and the system uses the latest technologies such as GPS/GNSS technology, RFID, DSRC and video analytics to help you effectively manage traffic in crowded areas.
A full report of Electronic Toll Collection System Market is available at:https://orionmarketreports.com/electronic-toll-collection-system-market/84612/
Company Profile
- Toshiba
- Mitsubishi
- MIFARE
- Shutoko
- Xerox
- Kapsch Trafficom AG
- Q-Free
- Hitachi
Market Segmentation
By Type
- Rfid-Based ETC Systems
- Dsrc-Based ETC Systems
- Video Analytic-Based ETC Systems
- Gnss/Gps-Based ETC Systems
By Application
- Highway Tolling
- Urban Tolling
Scope of the Report
The research study analyzes the Electronic Toll Collection System Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Electronic Toll Collection System Market Report
- What was the Electronic Toll Collection System Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Electronic Toll Collection System Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Electronic Toll Collection System Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Electronic Toll Collection System market.
- The market share of the Electronic Toll Collection System market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Electronic Toll Collection System market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Electronic Toll Collection System market.
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
