United States Electronic Toll Collection Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

United States Electronic Toll Collection Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The United States electronic toll collection market is currently witnessing moderate growth. 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.

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. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States electronic toll collection market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, technology, system, subsystem, offering, toll charging and application.

Breakup by Technology:

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.

Key Questions Answered in This Report:

How has the United States electronic toll collection market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the United States electronic toll collection market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the system?
What is the breakup of the market based on the subsystem?
What is the breakup of the market based on the offering?
What is the breakup of the market based on the toll charging?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the United States electronic toll collection market and who are the key players?
What is the degree of competition in the industry?