![]() ![]() For instance, the European government has planned to reduce greenhouse gas emission by 55% by 2030. Growth can be attributed to increased focus of the government on reducing carbon emissions and adopt digital technologies. This leads to increasing toll payment processing time and significantly reduces traffic congestion.Įurope ETC market revenue is poised to witness a significant growth during the forecast period. The implementation of digital toll systems in the urban zones of congested cities allows to charge tolls without vehicles having to slow down. As cities and urban transportation face challenges related to traffic congestion, poor road safety, and inadequate parking spaces, the demand for ETC systems increases. The growing demand for mobility in urban zones has led to an increase in the adoption of intelligent traffic management solutions to improve the performance and safety of transport infrastructure. Request for a sample of this research report ![]() ![]() The new toll system enables in-vehicle device to automatically pay tolls and helps to improve the operational efficiency, enhance customer experience, and also provide flexibility in moving to a new interoperability standard. In November 2020, the Japanese government announced to replace manual toll collection facilities with electronic tolling systems following the outbreak of coronavirus among toll collectors. The countries worldwide are implementing electronic toll systems to address the ever-increasing problems of traffic congestion and road maintenance. The rapid urbanization and adoption of smart transportation systems will drive the industry growth.Įlectronic toll collection systems help in traffic mobility, reducing the chances of accidents and improving environmental impact. has recently added a new report on the electronic toll collection market which estimates the market valuation for ETC systems will cross US$ 10 billion by 2027. ![]()
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