The Global Electronic Toll Collection Market size is estimated to be USD 7.68 billion in 2019
and is predicted to reach USD 18.46 billion by 2030 with a CAGR of 8.3% from 2020-2030.
Electronic Toll Collection is a system which is meant for the automatic toll collection without
stopping at toll booth. This system automatically detects weather the vehicle is registered in
the system or not and when the vehicle crosses the booth the notification is send to the
owners account and collected. This helps in the reduction of vehicle congestions and also
notifies the entry of non-registered vehicle in the city.
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Top Companies: 3M, Transcore Holdings, Inc., Xerox Corporation, TrafficCom, TRMI
Systems Integration, Sensor Dynamics, Toll Collect GmbH, Kapsch, Cubic Transportation
Systems, Inc., Q-Free and others.
The global electronic toll collection market share is analyzed on the basis of subsystem,
technology, application and geography. On the basis of subsystem, the market is segmented
into Automated Vehicle Identification, Automated Vehicle Classification, Violation
Enforcement System, and Transaction Processing. On the basis of technology, the market is
divided into Radio-frequency Identification (RFID), Dedicated Short-range Communication
(DSRC), Infrared, GNSS & GPS, and Video Analytics. Based on application, the market is
fragmented into urban and highways. Geographic breakdown and analysis of each of the
aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and
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North America is expected to hold the major market share owing to the increased adoption
of electronic toll collection system over the forecast period. Furthermore, increase in
technological advancement and presence of developed infrastructure coupled with increase