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Electronic Toll Collection (ETC) Market Share

Report ID: GMI1615
Published Date: Sep 2023
Report Format: PDF

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Electronic Toll Collection (ETC) Market Share

Major companies operating in the electronic toll collection market are

Kapsch TrafficCom
Xerox Corporation
Atlantia S p A
Thales Group
TransCore
Q-Free ASA
Conduent Business Services LLC

These companies are focused on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner the maximum market revenue.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of electronic toll collection (ETC) reached USD 7.3 billion in 2022 and is set to grow at over 12.6% CAGR from 2023 to 2032, due to increasing use of advanced technologies in transport applications worldwide.

The radio-frequency identification (RFID) technology segment held over 25% of the market share in 2022, on account of the increasing demand for convenient and touch-free payment methods.

North America registered over 35% of market share in 2022, owing to the rapid technological advancements in the region.

Kapsch TrafficCom, Xerox Corporation, Atlantia S p A, Thales Group, TransCore, Q-Free ASA, and Conduent Business Services, LLC. are some of the major electronic toll collection companies worldwide.