United States Electronic Toll Collection Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

United States Electronic Toll Collection Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A2956
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Market Overview:

The United States electronic toll collection market is expected to exhibit a CAGR of 9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Electronic toll collection (ETC) is an automated system that utilizes automatic vehicle classification (AVC), violation enforcement system (VES) and automatic vehicle identification (AVI) to recognize registered vehicles and perform electronic monetary transactions. It also saves travel time, offers a cashless facility, minimizes congestion and facilitates transaction speed. Nowadays, ETC systems are integrated with video analytics, radio-frequency identification (RFID), dedicated short-range communications (DSRC), global navigation satellite system (GNSS) and global positioning system (GPS) technologies to improve the speed and efficiency of traffic flow in the United States.

 

 
 

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The rising population and the increasing on-road vehicles lead to congestion at toll plazas on highways and roads. This, in confluence with the developed logistics and transport infrastructure, represents one of the key factors increasing the adoption of ETC systems in the United States. Apart from this, these systems aid in tracking stolen automobiles and managing over-speeding vehicles, which is acting as another major factor bolstering the market growth. Furthermore, the US Government is planning on utilizing revenue from toll collection in the development of highway infrastructure. This, along with the growing focus on smart transportation systems, is anticipated to drive the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States electronic toll collection market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on technology, system, subsystem, offering, toll charging and application.

Breakup by Technology:

 

 
 

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  • RFID
  • DSRC
  • Others
     

Breakup by System:

  • Transponder - or Tag-Based Toll Collection Systems
  • Other Toll Collection Systems
     

Breakup by Subsystem:

  • Automated Vehicle Identification
  • Automated Vehicle Classification
  • Violation Enforcement System
  • Transaction Processing
     

Breakup by Offering:

  • Hardware
  • Back Office and Other Services
     

Breakup by Toll Charging:

  • Distance Based
  • Point Based
  • Time Based
  • Perimeter Based
     

Breakup by Application:

  • Highways
  • Urban Areas
     

Breakup by Region:

  • Northeast
  • Midwest
  • South
  • West
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Technology, System, Subsystem, Offering, Toll Charging, Application, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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United States Electronic Toll Collection Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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