electronic toll collection market industry Demand and Forecast to 2030 by Top Key Players Overview from Ankita Raut's blog

The Electronic Toll Collection (ETC) market is a rapidly growing sector of the transportation industry. ETC systems use technology such as RFID and GPS to allow drivers to pay tolls electronically without the need to stop at a toll booth. This technology provides a more efficient and convenient way for drivers to travel on toll roads, while also reducing traffic congestion and improving air quality. The ETC market is expected to continue its growth in the coming years, driven by increasing demand for advanced transportation systems, government initiatives for smart cities, and rising traffic congestion in urban areas. Key players in the ETC market include companies such as Kapsch TrafficCom, Thales Group, and Siemens AG, among others. As the market continues to evolve, the adoption of ETC systems is likely to become increasingly widespread, ultimately transforming the way we travel on toll roads.

Read More: https://www.fortunebusinessinsights.com/electronic-toll-collection-market-107310

The global electronic toll collection market size was valued at USD 7.89 billion in 2021 and is projected to grow from USD 8.33 billion in 2022 to USD 16.65 billion by 2029, exhibiting a CAGR of 10.4% during the forecast period

Key Players:

·         Thales Group (U.S.)

·         TRMI Systems Integration (Japan)

·         EFKON (Austria)

·         Honeywell International, Inc. (U.S.)

·         Kapsch TrafficCom AG (Austria)

·         Mitsubishi Heavy Industries, Ltd. (Japan)

·         Perceptics (U.S.)

·         Q-Free (Norway)

·         IRD (Canada)

·         Transcore Holdings, Inc. (U.S.)

Major Table Of Contents:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Competition Landscape
5. Broadcast Equipment Market Segmentation
6. Broadcast Equipment Market Regional and Country Analysis

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