U.S. Electronic Toll Collection Market - Industry Trends and Forecast to 2028

U.S. Electronic Toll Collection Market - Industry Trends and Forecast to 2028

U.S. electronic toll collection market is projected to register a CAGR of 9.9% in the forecast period of 2021 to 2028. The new market report contains data for historic year 2019, the base year of calculation is 2020 and the forecast period is 2021 to 2028

Market Segmentation:

U.S. Electronic Toll Collection Market, By Offering (Hardware, Software, Service), Solution (Automated Vehicle Identification (AVI), Automated Vehicle Classification (AVC), Transaction Management, Violation Enforcement System, Others), Technology (Dedicated Short Range Communication (DSRC), GNSS/GPS, Infrared, Radio-Frequency Identification (RFID), Video Analytics), Toll Type (Distance-Based, Point-Based, Time-Based, Perimeter-Based), End Use (Highway, Urban Mobility & Transportation) Industry Trends and Forecast to 2028

Some of the major factors contributing to the growth of the U.S. electronic toll collection market are:

• Growing congestion in traffic

• Technological advancements in toll collection system

Market Players

The key market players for U.S. electronic toll collection market are listed below:

• Cubic Corporation

• The Revenue Markets Inc.

• GeoToll

• Raytheon Company (a subsidiary of Raytheon Technologies Corporation)

• Thales Group, Siemens

• MITSUBISHI HEAVY INDUSTRIES MACHINERY SYSTEMS, LTD. (a subsidiary of MITSUBISHI HEAVY INDUSTRIES, LTD.)

• Toshiba Infrastructure Systems & Solutions Corporation

• International Road Dynamics Inc. (a subsidiary of Quarterhill Inc.)

• Perceptics, LLC

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