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An In-Depth Analysis of Electronic Toll Collection Market Growth

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OREGAON, PORTLAND, UNITED STATESย , March 21, 2024 /EINPresswire.com/ โ€” Allied Market Research has released a report on the โ€œElectronic Toll Collection Market.โ€ ๐€๐œ๐œ๐จ๐ซ๐๐ข๐ง๐  ๐ญ๐จ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐ญ๐จ๐ฅ๐ฅ ๐œ๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ฌ ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐š๐œ๐ก๐ข๐ž๐ฏ๐ž $๐Ÿ๐Ÿ“,๐Ÿ”๐Ÿ’๐Ÿ–.๐Ÿ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“, ๐š ๐ง๐จ๐ญ๐š๐›๐ฅ๐ž ๐ข๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐Ÿ๐ซ๐จ๐ฆ $๐Ÿ”,๐Ÿ–๐Ÿ“๐Ÿ“.๐Ÿ“ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•, ๐ฐ๐ข๐ญ๐ก ๐š ๐ฌ๐ฉ๐ž๐œ๐ญ๐š๐œ๐ฎ๐ฅ๐š๐ซ ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ๐ŸŽ.๐Ÿ•% ๐›๐ž๐ญ๐ฐ๐ž๐ž๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ– ๐š๐ง๐ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“. The research report delves into modern market strategies and identifies the potential to grow for the future. It covers major market segments, examines market dynamics, highlights key investment pockets, and presents valuable insights and projections for the industry.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ โ€“ https://www.alliedmarketresearch.com/request-sample/780

Increase in demand for effective traffic management at toll collection center, and hype for cashless travelling drive the growth of the global electronic toll collection market. On the other hand, high initial installation and operational cost of electronic toll collection system curb the growth to some extent. Nevertheless, rise in adoption of ETC system in the developing regions, and strict government regulations regarding toll collection are projected to usher in a number of opportunities in the near future.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐“๐จ๐ฅ๐ฅ ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

The electronic toll collection market has been divided into various segments including subsystem, technology, application, and region.

๐“๐ก๐ž ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ž๐ ๐ฏ๐ž๐ก๐ข๐œ๐ฅ๐ž ๐œ๐ฅ๐š๐ฌ๐ฌ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ“-

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ฌ๐ฎ๐›๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ, the automated vehicle classification segment held one-third of the total market revenue in 2017, and is anticipated to rule the roost by 2025. At the same time, the Violation Enforcement system (VES) segment would cite the fastest ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ๐Ÿ‘.๐Ÿ‘% during the forecast period. The other segments discussed in the report include automated vehicle identification and transaction processing.

๐“๐ก๐ž ๐‘๐…๐ˆ๐ƒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐ฅ๐ž๐š๐ ๐ญ๐ก๐ž ๐ญ๐ซ๐š๐ข๐ฅ-

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, the RFID segment contributed to more than two-fifths of the total market share in 2017, and is projected to retain its dominance during 2018โ€“2025. Simultaneously, the ๐†๐๐’๐’ & ๐†๐๐’ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ would showcase the fastest ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ๐Ÿ–.๐Ÿ’% throughout the forecast period. The other segments analyzed in the report take in DSRC, Infrared, and video analytics.

๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ โ€“ https://www.alliedmarketresearch.com/electronic-toll-collection-system-market/purchase-options

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ก๐ž๐ฅ๐ ๐ญ๐ก๐ž ๐ฆ๐š๐ฃ๐จ๐ซ ๐ฌ๐ก๐š๐ซ๐ž ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ•-

๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐ ๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ฒ, North America held the highest share in 2017, garnering nearly two-fifths of the global market. The Asia-Pacific region, on the other hand, would cite the fastest๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ๐Ÿ’.๐Ÿ’% during 2018โ€“2025. The other provinces assessed in the market report include LAMEA and Europe.

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐“๐จ๐ฅ๐ฅ ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐’๐ฎ๐›๐ฌ๐ฒ๐ฌ๐ญ๐ž๐ฆ ๐“๐ฒ๐ฉ๐ž-

Transaction Processing

Violation Enforcement System

Automated Vehicle Classification

Automated Vehicle Identification

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐“๐จ๐ฅ๐ฅ ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ-

Video Analytics

GNSS & GPS

Infrared

Radio-frequency Identification (RFID)

Dedicated Short-range Communication (DSRC)

๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ ๐“๐จ๐ฅ๐ฅ ๐‚๐จ๐ฅ๐ฅ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐๐š๐ฌ๐ž๐ ๐จ๐ง ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง-

Highways

Urban

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐๐ซ๐จ๐œ๐ฎ๐ซ๐ž ๐ญ๐ก๐ž ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  โ€“ https://www.alliedmarketresearch.com/purchase-enquiry/780

๐Œ๐š๐ฃ๐จ๐ซ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

Kapsch Group,
Thales group,
Toshiba Corporation,
Raytheon,
Conduent LLC,
Siemens AG,
TransCore LP,
Cubic Transportation,
Perceptics LLC,
EFKON GmbH.

๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‹๐ข๐ง๐ค๐ฌ
https://www.alliedmarketresearch.com/logistics-market โ€“ Logistics Market By Mode of Transport (Railways, Airways, Roadways, Waterways), By End Use (Healthcare, Manufacturing, Aerospace, Telecommunication, Government and Public Utilities, Banking and Financial Services, Retail, Media and Entertainment, Technology, Trade and Transportation, Others), By Model (1PL, 2PL, 3PL, 4PL): Global Opportunity Analysis and Industry Forecast, 2023-2032

https://www.alliedmarketresearch.com/car-rental-market โ€“ Car Rental Market Size, Share, Competitive Landscape and Trend Analysis Report by Application (Leisure and Commercial), Rental Category (On Airport and Off airport), and Vehicle Type (Luxury car, Executive car, Economical car, Sports Utility Vehicle (SUV), and Multi Utility Vehicle (MUV)): Global Opportunity Analysis and Industry Forecast, 2020โ€“2027

David Correa
Allied Market Research
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+1 5038946022
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