Global ETC Systems Market 2021-2025

Global ETC Systems Market 2021-2025

Technavio has been monitoring the ETC systems market and it is poised to grow by $ 4.93 bn during 2021-2025, progressing at a CAGR of 8.75% during the forecast period. Our report on the ETC systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising demand for ETC systems in road tax collection and convenience offered for users and operators. In addition, rising demand for the ETC systems in road tax collection is anticipated to boost the growth of the market as well.

The ETC systems market analysis includes the technology segment and geographic landscape.

Technavio's ETC systems market is segmented as below:

By TechnologyRFID-basedDSRCothersBy Geographical LandscapeAPACEuropeNorth AmericaSouth AmericaMEAThis study identifies the regulatory mandates to install RFID tagsas one of the prime reasons driving the ETC systems market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on ETC systems market covers the following areas:ETC systems market sizingETC systems market forecastETC systems market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ETC systems market vendors that include Cubic Corp., EFKON GmbH, FEIG ELECTRONIC GmbH, Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Siemens AG, Thales Group, and Toshiba Corp. Also, the ETC systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Cubic Corp., EFKON GmbH, FEIG ELECTRONIC GmbH, Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Siemens AG, Thales Group, Toshiba Corp.