The Global Electronic Toll Collection Market report published by VynZ Research provides a producer outline by covering industry patterns, the market size by region, and global market size. It focuses on offering detailed information about market potential, trends, opportunities, challenges, restraints, and drivers in the current environment, as well as on-the-ground insights. The historical period is considered as 2015-2020 and the forecasted period is 2021-2027.
The Global Electronic Toll Collection Market is expected to reach 12.2 billion by 2027, at a CAGR of 7.9% during the forecast period.
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COVID-19 Impact
Flight cancellations, travel bans and quarantines, restaurants closed, all indoor/outdoor events restricted, many countries declared states of emergency, massive supply chain delays, stock market volatility, reduced business confidence, rising anxiety among the population, and economic uncertainty about future. All these have slowed down the growth in the Global Electronic Toll Collection Market due to the COVID-19 pandemic.
The Global Electronic Toll Collection Market research report incorporates market goals and degrees over a long period of time by highlighting key market segments and driving players. The Global Electronic Toll Collection Market focuses on the key global manufacturers and defines, describes, and analyzes sales volume, value, market share, industry landscape, SWOT analysis, and future development plans.
Market Breakdown Analysis
The report is the most comprehensive resource of several types of segmental analyses of the Global Market from various perspectives. The Global Electronic Toll Collection Market research study is unique and accurate due to analysts' pragmatic approach by studying various market sectors and the top-down and bottom-up techniques used to anticipate market sizes.
Breakdown by:
By Type
- Transponder-/Tag-based Tolling Systems
- Other Tolling Systems
By Sub-System Type
- Automatic Vehicle Classification (AVC)
- Violation Enforcement System (VES)
- Automatic Vehicle Identification System (AVIS)
- Others
By Payment Method
- Prepaid
- Hybrid
- Postpaid
By Technology
- Radio-frequency Identification (RFID)
- Dedicated Short-range communication (DSRC)
- Infrared
- GNSS & GPS
- Video Analytics
By Application
- Highway
- Bridges
- Urban Areas
Competitive Landscape
Aside from segment classification information, the document demonstrates a thorough understanding of competitor positioning, global, local, and regional developments, financial projections, and supply chain offerings. The Global Electronic Toll Collection Market research offers a comprehensive overview of the industry, including information on the industry chain and applications. A study has been conducted to examine the current market scenario and future growth prospects of the global market.
Top Market Players are:
- Kapsch TrafficCom AG
- Conduent Business Services, LLC
- EFKON GmbH
- Thales Group
- Raytheon Technologies Corporation
- TransCore
- Siemens
- Cubic Corporation
- Neology Inc.
- FEIG ELECTRONIC
- Toshiba Infrastructure Systems & Solutions Corporation
FAQ—
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