Electronic Toll Collection Market 2023 Modernizing Transportation with Electronic Toll Collection
Global Electronic Toll Collection market was worth USD 9.2 Bn in 2022, and is projected to grow at a CAGR of 9.5% to reach USD 22.3 Bn from 2023 to 2032. Electronic Toll Collection (ETC) Market Overview: The Electronic Toll Collection market offers efficient and convenient solutions for collecting tolls on highways and roads using electronic payment methods. ETC systems eliminate the need for manual toll collection, reducing traffic congestion and enhancing the overall transportation experience. The market's growth is driven by factors such as urbanization, the need for improved traffic management, and the demand for seamless mobility solutions. ETC…
- Date: August 21, 2023
- Author: Timmy Thomas
- Category: Taiwan News