Electronic Toll Collection Market Analysis by Type, Product, Application and Technology | Abertis, Sanef, GeoToll

Electronic Toll Collection Market Research Insights:

By 2030, the Electronic Toll Collection Market is projected to reach a value of USD 16.54 billion, growing at a CAGR of 10.3% due to rising usage of electronic devices, wireless connections, and widespread internet connectivity.

The market for automated toll collection, also known as electronic toll collection market, is predicted to grow over the projected period due to possible advantages such as improved time efficiency, vehicle identification, and technical developments. Due to significant governmental backing, the demand for the electronic toll-collecting business is rising dramatically in emerging nations. Governmental agencies in industrialized nations levy fees on bridges, tunnels, and roads, which tends to worsen traffic congestion and raise the risk of deadly accidents.

The need for a free flow of traffic is rising throughout industrialized nations since traffic congestion is seen as the main problem in developed and civilized nations. The electronic toll collection systems are also lowering the number of traffic incidents and collisions as well as the inconvenience of emergency drives. These elements are fueling the electronic toll collection sector’s overall expansion.

The electronic toll collection market is expanding generally because of the rising popularity of electronic devices, wireless connection, widespread internet connectivity, and other new technology.

Get a Complete PDF @ https://www.marketresearchfuture.com/sample_request/4971

Electronic Toll Collection Market Key players:

Key vendors of this industry are as follows:

• Q-Free ASA
• Cubic Corporation
• Xerox Corporation
• Kapsch TrafficCom
• Siemens AG
• Quarterhill Inc.
• The Revenue Markets Inc.
• Grenobloise dElectronique et dAutomatismes (GEA) SA.
• Raytheon Co.

Electronic Toll Collection Market Regional analysis:

The electronic toll collection market is now predicted to develop strongly in North America due to the region’s growing preference for using digital payment methods at toll facilities. The regional trend toward digital transactions is anticipated to accelerate the electronic toll collection market overall growth. Additionally, the region has a higher percentage of personal automobiles than any other region in the globe, creating a significant opportunity for the expansion of the electronic toll-collecting business. Regions outside of North America, like Asia-Pacific and Europe, are also rapidly utilizing digital transactions.

On the other hand, there has been an increase in the development of wireless technologies, greater performance identifying tags, and smaller hardware system sizes.

Get Complete Report Details@  https://www.marketresearchfuture.com/reports/electronic-toll-collection-market-4971

Electronic Toll Collection Market Segmentation:

Transponders, antennas, communication systems, treadles, inductive loops, scanning devices, weigh-in-motion devices, cameras, and film storage devices are some of the product categories that make up the market.

Automated vehicle identification (AVI), automatic vehicle classification (AVC), back-office & integration, and violation enforcement system are just a few of the subsystems that make up an electronic toll collecting system (VES). These subsystems are beneficial for a variety of tasks, including AVI for vehicle identification, AVC for vehicle categorization, toll collection transactions by fusing the back-office and payment system, and VES for lowering unpaid tolls through vehicle imaging.

Check a Discount@

https://www.marketresearchfuture.com/check-discount/4971

The electronic toll collection market may be divided into a number of categories based on technologies, including radio-frequency identification (RFID), dedicated short-range communications (DSRC), video analytics, a global positioning system (GPS), and global navigation satellite system (GPS)

The ETC market may be divided geographically into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and the Middle East and Africa.

The current market situation shows that the ETC system is well-established in North America US, Canada, and Mexico as well as in Asia Pacific’s South Korea, Taiwan, Thailand, Malaysia, Hong Kong, Philippines, and Singapore.

Related Reports:

Infrared Sensor Market Research Report: By Spectrum Range, By Type, by Detection  by End User – Forecast till 2030

Bluetooth IC Market Research Report: By Type, Application, By Region – Forecast till 2030

Audio Amplifier Market Research Report: By Channel Type, Application, Class, End Users  – Forecast   till 2027

Virtual Retinal Display Market Research Report, Component, Vertical – Forecast till 2030

VRF Systems Market Research Report: By, Compressor Units, System Type, Capacity, Application      Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter

Tags: Electronic Toll Collection Market Share, Electronic Toll Collection Market, Electronic Toll Collection Market size, Electronic Toll Collection Market Growth, Electronic Toll Collection Market  Trends, Electronic Toll Collection Market  Analysis, Electronic Toll Collection Market Research, Electronic Toll Collection Market Reports See Campaign: https://www.marketresearchfuture.com/reports/electronic-toll-collection-market-4971

Contact Information:

Contact: Market Research Future 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Sales: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com

Tags:
Wire, Research Newswire, English