PUBLISHER: TechNavio | PRODUCT CODE: 1177467
PUBLISHER: TechNavio | PRODUCT CODE: 1177467
Technavio has been monitoring the electronic toll collection market and is forecast to grow by $6642.5 million during 2022-2027, accelerating at a CAGR of 10.55% during the forecast period. Our report on the electronic toll collection market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for electronic toll collection systems in road tax collection, convenient for users and operators, and regulatory mandates to install RFID tags.
Technavio's electronic toll collection market is segmented as below:
By Application
By Technology
By Geographical Landscape
This study identifies the growing popularity of RFID-based license plates as one of the prime reasons driving the electronic toll collection market growth during the next few years. Also, a high emphasis on reducing carbon footprint in Europe and increasing smart city initiatives will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electronic toll collection market vendors that include ABERTIS INFRAESTRUCTURAS SA, Cubic Corp., EFKON GmbH, Electronic Transaction Consultants, LLC, FEIG ELECTRONIC GmbH, G.E.A., International Road Dynamics Inc., Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., Neology Inc., Perceptics Inc., Q Free ASA, Raytheon Technologies Corp., SICE TyS, Siemens AG, Star Systems International Ltd., TECSIDEL S.A, Thales Group, Toshiba Corp., and TransCore. Also, the electronic toll collection market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Exhibits: