USA Electronic Toll Collection (ETC) Market 2023

USA Electronic Toll Collection (ETC) Market 2023

Description
Electronic toll collection (ETC) is a system that uses technology to charge tolls to vehicles without requiring them to stop at toll booths. The system typically involves automatic vehicle identification (AVI) technology, such as radio-frequency identification (RFID) or license plate recognition, to identify registered vehicles and deduct tolls from their accounts. ETC systems aim to reduce traffic congestion, save time for drivers, and provide a cashless and efficient toll collection process.

The electronic toll collection market in USA is projected to rise by USD 1.0 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 6.16 percent during the forecast period.

The report covers market size and growth, segmentation, competitive landscape, trends and strategies for electronic toll collection market in USA. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Market Segmentation
Technology: automatic vehicle identification (AVI), automated vehicle classification (AVC), violation enforcement system (VES), toll transaction processing system
Means of collection: prepaid, postpaid
Application: roads, bridges, tunnels, ferries

This industry report offers market estimates and forecasts of the USA market, followed by a detailed analysis of the technology, means of collection, and application. The USA market for electronic toll collection can be segmented by technology: automatic vehicle identification (AVI), automated vehicle classification (AVC), violation enforcement system (VES), toll transaction processing system. The toll transaction processing system segment held the largest revenue share in 2022. Electronic toll collection market is further segmented by means of collection: prepaid, postpaid. Among these, the postpaid segment was accounted for the highest revenue generator in 2022. Based on application, the electronic toll collection market is segmented into: roads, bridges, tunnels, ferries. The roads segment captured the largest share of the market in 2022.

Major Companies and Competitive Landscape
The report has also analysed the competitive landscape of the electronic toll collection market in USA with some of the key players being Conduent Incorporated, Cubic Corporation, Electronic Transaction Consultants, LLC., E-Transit Inc., Kapsch AG, Mundys S.p.A., Neology Inc., Singapore Technologies Engineering Ltd., The Revenue Markets Inc., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the electronic toll collection market in USA.
To classify and forecast the electronic toll collection market in USA based on technology, means of collection, application.
To identify drivers and challenges for the electronic toll collection market in USA.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the electronic toll collection market in USA.
To identify and analyze the profile of leading players operating in the electronic toll collection market in USA.

Why Choose This Report
Gain a reliable outlook of the electronic toll collection market in USA forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
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