Transport E-Toll Market Size, Share, Growth, Trends, Type, Application, Analysis and Forecast by 2029

Transport E-Toll Market will reach at an estimated value of USD 18.12 billion by 2028 and grow at a CAGR of 10.20% in the forecast period of 2021 to 2028. Rise in the development of smart transportation systems acts as an essential factor driving the transport E-toll market.

Electronic toll collection (ETC) is defined as a wireless system to automatically collect the usage fee or toll charged to vehicles using toll HOV lanes, roads, toll bridges, and toll tunnels. It is a faster alternative that is replacing toll booths, where vehicles must stop and the driver manually pays the toll with cash or a card.

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Rise in the demand for effective traffic management at toll collection center is a crucial factor accelerating the market growth, also increase in the cashless travelling and increase in the reduced environmental pollution are the major factors among others boosting the transport E-toll market. Moreover, increase in the adoption of ETC system in the developing regions and rise in the stringent government regulations regarding toll collection will further create new opportunities for transport E-toll market in the forecast period mentioned above.

Key Market Players:

Xerox Corporation, TransCore, Intelligent Transpotation Systems (India) Pvt. Ltd., EFKON GmbH, Honeywell International Inc., Thales Group, Conduent Business Services, LLC, Toshiba Corporation, Mitsubishi Heavy Industries Machinery Systems, Ltd., Verra Mobility, FEIG ELECTRONIC GmbH, International Road Dynamics Inc., Atlantia S.p.A., Tecsidel, S.A., Siemens AG, Cubic Corporation, Kapsch TrafficCom, Perceptics, LLC, Jenoptik AG, ARH Inc., Kent- QuaLiX, Electronic Transaction Consultants, LLC and Q-Free ASA among other domestic and global players

We can add or profile new company as per client need in the report. Final confirmation to be provided by research team depending upon the difficulty of survey

The research provides answers to the following key questions:

**What is the expected growth rate of the Transport E-Toll market? What will be the market size for the forecast period?

**What are the major driving forces responsible for transforming the trajectory of the industry?

**Who are major vendors dominating the Transport E-Toll industry across different regions? What are their winning strategies to stay ahead in the competition?

**What are the market trends business owners can rely upon in the coming years?

**What are the threats and challenges expected to restrict the progress of the industry across different countries?

**What are the key opportunities that business owners can bank on for the forecast period?

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Global Transport E-Toll Market report consists of most recent market information with which companies can attain in depth analysis of this industry and future trends. With the global market data provided in the Transport E-Toll report, it has become easy to gain global perspective for the international business. By accomplishing an inspiration from the marketing strategies of rivals, businesses can set up inventive ideas and striking sales targets which in turn make them achieve competitive advantage over its competitors. Thus, the Transport E-Toll market report is an indispensable model to have increments in business activities, qualitative work done and enhanced profits.

Key Market Segmentation:

By Technology (RFID,DSRC, Others),

Subsystem (Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, Transaction Processing),

Offering (Hardware, Back Office, Other Services),

Toll Charging (Distance Based, Point Based, Time Based, Perimeter Based),

Application (Highways, Urban Areas),

System (Transponder, Other Toll Collection Systems)

? North America?(USA, Canada)

? Europe?(Germany, France, UK, Italy, Russia, Spain, Netherlands, Switzerland, Belgium)

? Asia Pacific?(China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Vietnam)

? Middle East and Africa?(Turkey, Saudi Arabia, UAE, South Africa, Israel, Egypt, Nigeria)

? Latin America?(Brazil, Mexico, Argentina, Colombia, Chile, Peru)

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