Published by Uma Rajagopal
Posted on December 29, 2021
According to the latest report by IMARC Group, titled “Electronic Toll Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the electronic toll collection market size reached US$ 8.60 Billion in 2020. Looking forward, the market is expected to exceed US$ 17.9 Billion by 2026, expanding at a CAGR of 13.0% during 2021-2026.
Electronic toll collection (ETC) is an intelligent wireless toll collecting system that is utilized for accumulating levy automatically by eliminating road and traffic congestion. It deploys various latest technological solutions, such as global navigation satellite system (GNSS), global positioning systems (GPS), dedicated short-range communication (DSRC) toll collection, tracking and video analytics for improving the efficiency of the toll collection process. ETC is commercially available in varying types, such as transponder and tag-based toll collection systems.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/electronic-toll-collection-market/requestsample
Global Electronic Toll Collection Market Trends:
The integration of radio-frequency identification (RFID) sensors in ETC, along with the widespread utilization of real-time monitoring and tracking device on automobiles, are primarily contributing toward the market growth. In addition to this, the fueling requirement for efficient traffic management solutions is providing a considerable boost to the market growth. Apart from this, numerous initiatives undertaken by the governments of various nations for strengthening transportation infrastructure and the rapidly expanding automotive sector are creating a positive outlook for the market.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/electronic-toll-collection-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Technology:
Breakup by System:
Breakup by Subsystem:
Breakup by Offering:
Breakup by Toll Charging:
Breakup by Application:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
According to the latest report by IMARC Group, titled “Electronic Toll Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the electronic toll collection market size reached US$ 8.60 Billion in 2020. Looking forward, the market is expected to exceed US$ 17.9 Billion by 2026, expanding at a CAGR of 13.0% during 2021-2026.
Electronic toll collection (ETC) is an intelligent wireless toll collecting system that is utilized for accumulating levy automatically by eliminating road and traffic congestion. It deploys various latest technological solutions, such as global navigation satellite system (GNSS), global positioning systems (GPS), dedicated short-range communication (DSRC) toll collection, tracking and video analytics for improving the efficiency of the toll collection process. ETC is commercially available in varying types, such as transponder and tag-based toll collection systems.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/electronic-toll-collection-market/requestsample
Global Electronic Toll Collection Market Trends:
The integration of radio-frequency identification (RFID) sensors in ETC, along with the widespread utilization of real-time monitoring and tracking device on automobiles, are primarily contributing toward the market growth. In addition to this, the fueling requirement for efficient traffic management solutions is providing a considerable boost to the market growth. Apart from this, numerous initiatives undertaken by the governments of various nations for strengthening transportation infrastructure and the rapidly expanding automotive sector are creating a positive outlook for the market.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/electronic-toll-collection-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Breakup by Technology:
Breakup by System:
Breakup by Subsystem:
Breakup by Offering:
Breakup by Toll Charging:
Breakup by Application:
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Latest Market Research Reports by IMARC Group (2021-2026):
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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