Global Electronic Toll Collection Market is Anticipated to grow at CAGR 8.0%, Electronic Toll Collection Market report provides different growth approaches by vendors and leading players – Feig Electronics, Kapsch TrafficCom, Conduent,, EFKON GmbH, TransCore, Thales Group, Raytheon Technology Corporation, Cubic Corporation, Siemens AG, Neology

London, UK -- (SBWire) -- 03/11/2022 --According to the IMR, Electronic Toll Collection Market report, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Electronic Toll Collection Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Electronic Toll Collection Market is based on company profiles and their efforts on increasing product value and production.

The report covers all the prevalent trends playing a major role in the growth of the Electronic Toll Collection Market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the Market's growth during the forecast period. The study provides a holistic perspective on Market growth in terms of revenue estimates and volume estimates, across different geographies.

Global Electronic Toll Collection Market is valued at approximately USD 6.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.00 % over the forecast period 2021-2027.

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Electronic toll collection (ETC) is a wireless system that automatically collects the toll charged to vehicles using toll roads, HOV lanes, toll bridges, and toll tunnels. It is a faster alternative which is replacing toll booths, where vehicles must stop and the driver manually pays the toll with cash or a card. Government initiatives to support digitalization, rising highway development has led to the adoption of Electronic Toll Collection across the forecast period. For Instance: As per the National Conference, investors and other stakeholders with the Union Ministry of Road Transport and Highways have planned to execute infrastructure projects worth Rs. 7 lakh crores in the next 2-3 years itself. Also, with the growing PPP model, the adoption & demand for Electronic Toll Collection is likely to increase the market growth during the forecast period. However, interoperability problems impede the growth of the market over the forecast period of 2021-2027.

The research study includes profiles of leading companies operating in the global Electronic Toll Collection Market. Key players profiled in the report include:
Feig Electronics (Germany)
Kapsch TrafficCom (Austria)
Conduent, Inc. (US)
EFKON GmbH (Germany)
TransCore (US)
Thales Group (France)
Raytheon Technology Corporation (US)
Cubic Corporation (US)
Siemens AG (Germany)
Neology Inc. (US)

Market Segmentation
The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. The report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The segments and sub-segments covered under regional segmentation are:

By Type:
Transponder-/Tag-based Tolling Systems
Other Tolling Systems

By Technology:
RFID
DSRC
Others (GPS, GNSS, ANPR etc.)

By Application:
Highways
Urban Areas

Regional Analysis Covered in this report:
North America [United States, Canada]
Europe [Germany, France, U.K., Italy, Russia]
Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
Latin America [Mexico, Brazil, Argentina]
Middle East & Africa [Turkey, Saudi Arabia, UAE]

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Competitive Outlook
The market growth variables, as well as comprehensive facts on the maximum crucial market competitors, are all examined in this report. Market players, regions, software programs, and exceptional needs can all be used to make contributions to information and understanding. A SWOT analysis of the market is projected in the report. This complete competitive assessment allows you to plan and live before the opposition. A quantitative and qualitative examination of the key element market folks is offered in terms of income, earnings, and price in the forecast time period 2022-2028. In the last segment of the Electronic Toll Collection market research studies, business professionals' perspectives are covered. Gain and apprehend the detailed knowledge of the global market and its commercial environment. This lets you recognize the competitiveness of the industry although because of the overall performance of numerous business people.

Table of Content - Major Key Points
Executive Summary, Market Snapshot, Key Trends, Estimation Methodology, Research Assumption
Global Market Definition and Scope, Currency Conversion Rates
Global Competitor Landscape by Players
Global Electronic Toll Collection Market Dynamics, Drivers, Challenges, Opportunities
Global Electronic Toll Collection Market Industry Analysis, Porter's 5 Force Model, PEST Analysis, Investment Adoption Model
Global Electronic Toll Collection Market Analysis, by Type, by Application, by region
Competitive Intelligence, Top Market Strategies, Company Profiles
Research Process, Attributes & Assumption

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