Electronic Toll Collection Market Applications, Dynamics, Development Status and Outlook 2030

0
291

Electronic Toll Collection Market Highlights

MRFR analysis reveals that the Global, the size of the electronic Toll collection market Revenue is expected to surpass the market value of USD 16.54 billion by the year 2030 while registering a CAGR of 10.3% driven by the increasing adoption of electronic equipment, wireless connectivity, and prevalence of internet connectivity.

Market Research Future (MRFR), along with its latest report on the electronic Toll collection market 2020, releases the impact of COVID 19 pandemic on the market. Other causes that are observed to cast powerful impact on the market is expected to promote the expansion of the electronic Toll collection market in the years to come. As per MRFR analysis, the expansion of the electronic Toll collection market can be attributed to rise in the need for electronic solutions with increased time efficiency. The use of automation facilities in identification of vehicles and technological advancements across transportation industry can cause the expansion of the market.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4971

Electronic Toll Collection Market Segmental Analysis

The segment study of the electronic Toll collection market is done by type, means of collection, product, technology, and application. 

The type based segments of the electronic toll collection market are all automatic number plate recognition (ANPR), electronic tolling (AET), and electronic toll collection (ETC) among others. The electronic toll collection (ETC) segment can rise at 13.2% CAGR across the review period. From 2017 to 2023, the electronic toll collection market value can rise from USD 2,731.2 million to USD 5,652.8 million.

The product-based segments of the electronic toll collection market are automated vehicle classification (AVC) and automatic vehicle identification (AVI). The automatic vehicle identification segment can generate revenue worth USD 8,582.8 million on the conclusion of the study period.

The technology based segments of the electronic toll collection market are radio frequency identification (RFID), dedicated short-range communications (DSRC), and global positioning system (GPS) among others. The dedicated short-range communication segment can bring turnover of about USD 4,390.6 million by 2023. The dedicated short-range communication segment can thrive at 12.3% CAGR in the years to come.

The means of collection-based segment of the electronic toll collection market are post-paid and prepaid. The prepaid segment can rise at 12.2% CAGR in the evaluation period.

The application-based segments of the electronic toll collection market are urban, and highways among others. The highways segment can thrive at 12% CAGR across the assessment period.

Electronic Toll Collection Market Competitive Analysis

Thales SA, Conduent Inc., Xerox Corporation, Kapsch TrafficCom AG, Q-Free ASA, Cubic Corporation, Siemens AG, The Revenue Markets Inc., Grenobloise dElectronique ET dAutomatismes (GEA) SA, Quarterhill Inc., and Raytheon Co are some noteworthy contenders in the electronic toll collection market global market.

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

Electronic Toll Collection Market Regional Analysis

The Middle East, Africa, Asia Pacific, North America, and Europe are major regions where ongoing trends and growth prospects of the electronic toll collection market are studied. The rise in the need for digital payments at toll facilities can underline the expansion of the market in North America across the study period in the years to come. The increase in digital transfer practise can boost the expansion of the electronic toll collection market in Asia Pacific and Europe. Developments in communications standards and increase in the tangibility of mega smart city can bolster the expansion of the electronic toll collection market in India and other regions of APAC across the study period. The rise of the electronic toll collection market in APAC can also be attribute to the increase in the demand of consumers demand for extraordinary improvements in the compactness of computer hardware. The presence of modern technologies, such as high-performance identification tags and wireless networks can boost the expansion of the regional market in the assessment period.

Contact us:

Market Research Future®,

99 Hudson Street,

 5Th Floor,

New York, New York 10013,

United States of America

Phone: +1 628 258 0071(US),+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

 

Read More Articles-

Emission Monitoring System Market Size, Share, Demand and Growth By 2030

Serial NOR Flash Market Overview  Key Companies Profile and Forecast To 2030

 

Sponsorizzato
πŸ“’ System Update: Sharkbow Marketplace is Now Open!

We are excited to announce the **launch of the Sharkbow Marketplace!** πŸŽ‰ Now you can:

  • πŸ›οΈ List and sell your products – Open your own store easily.
  • πŸ“¦ Manage orders effortlessly – Track sales and communicate with buyers.
  • πŸš€ Reach thousands of buyers – Expand your business with ease.

Start selling today and grow your online business on Sharkbow! πŸ›’

Open Your Store πŸš€ βœ–
Cerca
Sponsorizzato

πŸš€ What Can You Do on Sharkbow?

Sharkbow.com gives you endless possibilities! Explore these powerful features and start creating today:

  • πŸ“ Create Posts – Share your thoughts with the world.
  • 🎬 Create Reels – Short videos that capture big moments.
  • πŸ“Ί Create Watch Videos – Upload long-form content for your audience.
  • πŸ“ Write Blogs – Share stories, insights, and experiences.
  • πŸ›οΈ Sell Products – Launch and manage your online store.
  • πŸ“£ Create Pages – Build your brand, business, or project.
  • πŸŽ‰ Create Events – Plan and promote your upcoming events.
  • πŸ‘₯ Create Groups – Connect and build communities.
  • ⏳ Create Stories – Share 24-hour disappearing updates.

Join Sharkbow today and make the most out of these features! πŸš€

Start Creating Now πŸš€
Categorie
Leggi tutto
Altre informazioni
Europe Extruded Polystyrene (XPS) Market, Outlook: Post Covid-19 Scenario by 2030
Introduction The Europe Extruded Polystyrene (XPS) market is experiencing remarkable growth,...
By Rahul Miller 2023-09-07 10:50:59 0 689
Altre informazioni
Bag Making Machine Market: Overview, Data Updates, Reports Analysis & Forecast | FMI
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the...
By Niranjan Krade 2023-06-26 22:13:04 0 882
Altre informazioni
Hybrid Composites Market To Surpass USD 25.02 Billion By 2032: Research Study by Reports and Data
The Hybrid Composites Market is projected to reach USD 25.02 Billion by 2032, with strong growth...
By Anuj Kharde 2023-05-30 06:52:12 0 476
Altre informazioni
Dextromethorphan is Expected to Showcase a CAGR Of 3% Owing to the rising demand for cough suppressants | Univdatos Market Insights
According to a new report published by UnivDatos Markets Insights, the Dextromethorphan market...
By Neha Jagtap 2023-07-18 12:48:13 0 515
Health
Nobivac Canine Flu Bivalent Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2028
The Nobivac Canine Flu Bivalent Market report provides detailed analysis of global...
By Amol Shinde 2022-11-03 10:26:46 0 289