Global Electronic Toll Collection Market was valued at USD 7.01 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8.01% through 2028. Electronic Toll Collection (ETC) is a sophisticated and automated system used in transportation infrastructure, particularly on highways, bridges, and tunnels, to facilitate the collection of tolls from vehicles passing through designated toll points. Unlike traditional toll collection methods that rely on manual transactions, ETC employs advanced technologies such as RFID (Radio-Frequency Identification), cameras, and sensors to identify vehicles and process payments seamlessly. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=20243 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/electronic-toll-collection-market/20243.html Key Market Players Kapsch TrafficCom AG Conduent, Inc. EFKON GmbH TransCore Thales Group Raytheon Technology Corporation Cubic Corporation Indra Sistemas SA Siemens Mobility Swarco Group

Asia-Pacific electronic toll collection market registered over USD1.03 billion in 2019 and is projected to grow at a CAGR of around 21% during the forecast period, 2022-2026. Electronic toll collection system is equipped with advanced technologies for the management of traffic and reducing traffic at toll plazas. These systems have already gained massive acceptance in developed economies, resulting in increasing demand in developing economies as well. Developing countries are witnessing rapid urbanization, which is boosting the demand for well-connected road network between cities and towns. Moreover, electronic toll collection or ETC provides crucial information like vehicle registration status and helps to reduce pollution, which in turn is expected to positively influence the market in coming years. However, high cost associated with the installation of these systems can emerge as a challenge for the region’s electronic toll collection market. Major companies operating in the region’s electronic toll collection market recorded high sale volumes in the 2020 financial year and the trend is likely to continue during the forecast period. List of major players operating in the region include Kapsch Trafficcom AG, Raytheon Company, Siemens AG, Conduent Incorporated, Cubic Corporation, Thales Group, Quarterhill Inc., Transcore (Roper Technologies), Grenobloise DElectronique Et DAutomatismes (GEA) SA, Efkon GmbH, etc. Key players operating in the market are investing in innovations to earn sound returns on investments. Moreover, strategic moves such as mergers and collaborations are also helping the key players of electronic toll collection market to magnify their customer base and expand sales & distribution networks. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=4019 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/asia-pacific-electronic-toll-collection-market/4019.html