Global Electronic Toll Collection (ETC) Systems Market Growth 2023-2029

Global Electronic Toll Collection (ETC) Systems Market Growth 2023-2029

Electronic toll collection (ETC) aims to eliminate the delay on toll roads by collecting tolls electronically. ETC determines whether the cars passing are enrolled in the program, alerts enforcers for those that are not, and electronically debits the accounts of registered car owners without requiring them to stop.

LPI (LP Information)' newest research report, the “Electronic Toll Collection (ETC) Systems Industry Forecast” looks at past sales and reviews total world Electronic Toll Collection (ETC) Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Electronic Toll Collection (ETC) Systems sales for 2023 through 2029. With Electronic Toll Collection (ETC) Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electronic Toll Collection (ETC) Systems industry.

This Insight Report provides a comprehensive analysis of the global Electronic Toll Collection (ETC) Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electronic Toll Collection (ETC) Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Electronic Toll Collection (ETC) Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electronic Toll Collection (ETC) Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Toll Collection (ETC) Systems.

The global Electronic Toll Collection (ETC) Systems market size is projected to grow from US$ 4735.6 million in 2022 to US$ 6157.9 million in 2029; it is expected to grow at a CAGR of 6157.9 from 2023 to 2029.

Electronic toll collection (ETC) aims to eliminate the delay on toll roads by collecting tolls electronically. ETC determines whether the cars passing are enrolled in the program, alerts enforcers for those that are not, and electronically debits the accounts of registered car owners without requiring them to stop.

This report presents a comprehensive overview, market shares, and growth opportunities of Electronic Toll Collection (ETC) Systems market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Vehicle Automatic Understanding System
Short Range Communication
Global Position Finding Satellite System

Segmentation by application
Highway
Urban
Bridge
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Xerox
3M
Kapsch Trafficom AG
Q-Free
Cubic Transportation Systems, Inc.
Telematics
Siemens
Thales Group
Transcore
Hitachi
MHI
TRMI
Illinoistollway
Metro Infrasys
Conduent Business Services

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electronic Toll Collection (ETC) Systems market?

What factors are driving Electronic Toll Collection (ETC) Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electronic Toll Collection (ETC) Systems market opportunities vary by end market size?

How does Electronic Toll Collection (ETC) Systems break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.