United States Electronic Toll Market Size, Share, Growth, Analysis, Top Companies, Report 2022-2027

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The latest report from the IMARC group, titled “Electronic toll market in the United States: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on the electronic toll market in the United States. The report also includes competitor and regional analysis, as well as contemporary market advancements.

The electronic toll market in the United States should post a 9% CAGR during the period 2022-2027. An electronic toll system (ETC) is considered to be a complex and latest method of toll collection. It allows vehicles to pass through a toll facility without stopping the driver. It facilitates the flow of traffic, thus contributing to efficient traffic management. It offers various benefits, such as increased time efficiency, vehicle identification, and technological advancements. ETC market players in the United States offer a wide range of solutions, such as software services, system integration and operation of toll systems, including maintenance, payment processing and insurance of income.

We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Trends in the electronic toll market in the United States:

The market in the United States is mainly driven by significant growth in the electronics and information technology industry. In this light, strict government regulations regarding carbon emissions and increased public spending on infrastructure development are contributing significantly to the demand for these systems. Furthermore, the emerging trend towards fully electronic toll systems offers lucrative growth opportunities for market players across the region. Apart from this, the increasing use of sophisticated technologies in transport systems and the growing number of policy measures aimed at speeding up automatic toll collection, reducing traffic jams, collisions and environmental damage, as well as the convenience of cashless transactions, act as other growth factors. The factors.

Additionally, the ability of ETC lanes to improve traffic speed and performance while saving time and digitally charging a toll to an existing customer account is driving market expansion. Moreover, rapid technological advancements such as integration with GNSS and GPS technologies and widespread use of blockchain technology in toll collection systems are also driving the market growth.

Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/united-states-electronic-toll-collection-market

Key Market Segmentation:

Breakdown by technology:

Breakdown by system:

  • Transponder – or beacon based toll systems
  • Other toll systems

Breakdown by subsystem:

  • Automated vehicle identification
  • Automated vehicle classification
  • Violation enforcement system
  • Transaction in progress

Break by offer:

  • Material
  • Back office and other services

Break by toll:

  • Based on distance
  • Point-based
  • time based
  • Perimeter-based

Breakdown by application:

Competitive landscape with key players:

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

Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market drivers and success factors
  • SWOT analysis
  • Value chain
  • Complete mapping of the competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include major business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are at the top of the list. company expertise.

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