The global electronic toll collection market is expected to grow from USD 6.83 billion 2017 to USD 12.09 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 8.50%.

"Need advance electronic toll collection systems and other mobility solutions to increase overcome traffic congestion with improved traffic flow per lane
is one of the factors largely attributing to the growth of electronic toll collection market globally"

The factors attributing to the growth of the market are need advance electronic toll collection systems and other mobility solutions to increase overcome traffic congestion with improved traffic flow per lane, increased allocation of funds by the government to deploy advance infrastructure for toll collection process, improved convenience and transparency in toll collection process due to cashless travel facility, and increasing undertaking of smart city projects globally across the world. However, some factors such as sluggish transportation infrastructure sector in underdeveloped countries, and high operation and maintenance costs may hinder the market growth. The global electronic toll collection market is expected to showcase the opportunities such as asian cities focussing to deploy its solutions for public transport, rising ppp in transportation sector, and rapid transition towards all-electronic tolling systems. In the near future, the market may face the possible challenges in the growth due to and non-uniformity in technology selection resulting in several interoperability and standardization issues across deployments. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global electronic toll collection market market."Hardware: The highest growing component for the global electronic toll collection market"

On the basis of component, the global electronic toll collection market is studied across Hardware, Service, and Software. Among all these component, the Hardware is projected to hold the largest market share while the Service has the potential to grow the market with the highest CAGR in the forecast period."Offline: The highest growing mode for the global electronic toll collection market"

On the basis of mode, the global electronic toll collection market is studied across Offline and Online. Among all these mode, the Offline is projected to hold the largest market share while the Online has the potential to grow the market with the highest CAGR in the forecast period."Integrated Open Road Tolling with Existing Toll Facilities: The highest growing operation for the global electronic toll collection market"

On the basis of operation, the global electronic toll collection market is studied across Dynamic Tolling, Integrated Open Road Tolling with Existing Toll Facilities, Mileage-Based User Fees, Open Road Tolling, and Video Tolling. Among all these operation, the Integrated Open Road Tolling with Existing Toll Facilities is projected to hold the largest market share while the Video Tolling has the potential to grow the market with the highest CAGR in the forecast period."Dedicated Short-Range Communication: The highest growing technology for the global electronic toll collection market"

On the basis of technology, the global electronic toll collection market is studied across Dedicated Short-Range Communication, Global Navigation Satellite System/Global Positioning System, Radio-Frequency Identification, Video Analytics /ANPR/ALPR, and Weight-Based Tolling. Among all these technology, the Dedicated Short-Range Communication is projected to hold the largest market share while the Global Navigation Satellite System/Global Positioning System has the potential to grow the market with the highest CAGR in the forecast period."Urban Areas: The highest growing application for the global electronic toll collection market"

On the basis of application, the global electronic toll collection market is studied across Highways and Urban Areas. Among all these application, the Urban Areas has captured the maximum market share while the Highways has the opportunity to emerge with the highest CAGR."Americas: The highest growing geography for the global electronic toll collection market"

On the basis of geography, the global electronic toll collection market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.

"Abertis Infraestructuras S.A.: The potential growing player for the global electronic toll collection market"

The key players profiled in the global electronic toll collection market are Abertis Infraestructuras S.A., Conduent Incorporated, Cubic Transportation Systems, Inc., Efkon AG, Far Eastern Electronic Toll Collection Co. (FETC), Geotoll, Indra Sistemas, S.A., Kapsch Trafficcom AG, Kistler Group, Mitsubishi Heavy Industries, Ltd., Neology, Inc., Q-Free ASA, Quarterhill Inc., Raytheon Company, Siemens AG, Thales Group, Toll Collect GmbH, Toshiba Corporation, Transcore, and Vinci.


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global electronic toll collection market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global electronic toll collection market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global electronic toll collection market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global electronic toll collection market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global electronic toll collection market.