Global Electronic Toll Collection Systems Market Report 2022: Ease and Efficiency Provided By ETCs Boosting Growth - ResearchAndMarkets.com
The "Electronic Toll Collection (ETC) Systems Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering
DUBLIN--(BUSINESS WIRE)--Oct 28, 2022--
The "Electronic Toll Collection (ETC) Systems Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
The global electronic toll collection (ETC) systems market is projected to grow at a CAGR of 19.41% to reach the market size of US$10,386.709 million by 2027 from US$3,000.579 million in 2020.
ETC systems are considered the most complex and the latest methods for toll collection. This allows the vehicles to pass through a toll facility without stopping the driver. It helps in the smooth traffic flow, thereby contributing towards efficient traffic management as well. Hence the electronic toll collection systems are continuing to evolve owing to several benefits these systems offer in comparison to the other toll collection methods.
