Electronic Toll Collection Market Size and Overview Featuring Key Players and Top Country Data

electronic toll collection market Global Comprehensive Research Study, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2029

The Electronic Toll Collection (ETC) market growth has witnessed significant growth and innovation in recent years, reshaping the way toll roads and bridges are managed and operated. ETC systems have become integral to modern transportation infrastructure, offering a seamless and efficient way for vehicles to pay tolls without stopping at toll booths. This technology relies on a combination of RFID (Radio-Frequency Identification), GPS, and communication networks to enable quick and contactless transactions. As governments and transportation authorities worldwide seek to reduce traffic congestion, enhance revenue collection, and improve overall traffic management, the ETC market is expected to continue its upward trajectory. The increasing adoption of smart and connected vehicles, along with the expansion of electronic tolling systems into urban areas, holds promise for further growth in this dynamic sector.

The global electronic toll collection market size was valued at USD 7.89 billion in 2021 and is projected to grow from USD 8.33 billion in 2022 to USD 16.65 billion by 2029, exhibiting a CAGR of 10.4% during the forecast period

Key Players:

Thales Group (U.S.)
TRMI Systems Integration (Japan)
EFKON (Austria)
Honeywell International, Inc. (U.S.)
Kapsch TrafficCom AG (Austria)
Mitsubishi Heavy Industries, Ltd. (Japan)
Perceptics (U.S.)
Q-Free (Norway)
IRD (Canada)
Transcore Holdings, Inc. (U.S.)

Major Table Of Contents:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Competition Landscape
5. Broadcast Equipment Market Segmentation
6. Broadcast Equipment Market Regional and Country Analysis

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