Our most recent analysis, "Global Electronic Toll Collection Market 2022-2030," predicts that the industry will grow at a CAGR of 10.7% from 2022 to 2030. The electronic toll collection market has had rapid expansion over the last few years, and it is anticipated that this trend will continue throughout the projection period.
According to an analyst, "stifling traffic circumstances are boosting the necessity of congestion tolling as cars expand cities. In addition, as governments look to tolling to close the investment gap, the rapidly expanding infrastructure in developing countries is expected to spur market expansion for electronic toll collection. Governments all over the world are being persuaded by the rapid advancements in ETC technologies to spend heavily in ETC toll lanes.

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Further Key Findings From the Report Suggest:
In 2021, the highway sector accounted for the biggest share of the market for electronic toll collection. Highway traffic congestion is getting worse, creating a greater need for better traffic management, which will probably drive future growth prospects.
A plethora of standardized and cross-comparable statistics, including overall market sizes, market share, industry trends, growth indicators, and subcategory level data by offering, by application, by type, and by area, are included in the research. According to their geographic proximity and similarities in market features, the countries are grouped into five zones.
SEGMENTS COVERED:
Electronic Toll Collection Market by Offerings
· Solution
o RFID Based ETC System
o Video Analytics Based ETC System
o License Plate Capture System
o Axle Based Vehicle Classification System
o Cash Management System
o Toll Monitoring
o Others
· Services
o Installation
o Maintenance & Repair
Electronic Toll Collection Market by Type
· Open Road Tolling
· Plaza Tolling
· Others
Electronic Toll Collection Market by Application
· Highway
· City
Electronic Toll Collection Market by Region
· North America
· Asia Pacific
· Europe
· Latin America
· Middle East & Africa
Company
· Thales Group
· Honeywell International, Inc.
· Transurban Limited
· Transtoll Pty Ltd
· TransCore
· TRMI Systems Integration
· Sensor Dynamics
· Xerox Corporation
· Conduent Business Services, LLC, US
· The 3M Company
· ConnectEast
· EFKON
· Science Applications International Corp.
· DENSO CORPORATION
· Q-Free
· Mitsubishi Heavy Industries, Ltd.
· Perceptics, LLC
· Kapsch TrafficCom AG
· Cubic Transportation Systems, Inc.
· Siemens AG
· International Road Dynamics, Inc.
· Raytheon Company
· Other Key & Niche Players

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

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