Road Electronic Toll Collection System (ETC) Market Growth Analysis, Market Dynamics, Key Players an

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• As of 2024, the global Road Electronic Toll Collection System (ETC) market is valued at US$ 10,084.24 million. It is expected to grow significantly and reach US$ 15,026.52 million by 2031, representing a compound annual growth rate (CAGR) of 5.85% during the forecast period from 2025 to 2031. Regionally, North America is projected to grow from US$ 3,794.52 million in 2024 to US$ 5,238.36 million by 2031 at a CAGR of 4.92%. Asia-Pacific, driven by infrastructure expansion and technological advancements, is forecasted to grow from US$ 2,172.25 million to US$ 3,690.90 million, at a CAGR of 7.53% during the same period.

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• The Road Electronic Toll Collection System (ETC) market refers to the industry centered around the deployment and management of automated toll collection systems for road networks. ETC systems utilize technologies such as Radio Frequency Identification (RFID), Dedicated Short-Range Communications (DSRC), and other advanced solutions to electronically collect toll fees without requiring vehicles to stop. These systems are designed to enhance traffic flow, reduce congestion, improve fuel efficiency, and streamline revenue collection for governments and private infrastructure developers.

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By Applications

• Highways/Expressway

• Urban Areas

•Mundys

•Kapsch TrafficCom

•Conduent

•ITIS Holding •DKV Mobility

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