According to the latest report by IMARC Group, titled "United States Electronic Toll Collection Market Report by Technology (RFID, DSRC, and Others), System (Transponder-or Tag-Based Toll Collection Systems, Other Toll Collection Systems), Subsystem (Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, Transaction Processing), Offering (Hardware, Back Office and Other Services), Toll Charging (Distance Based, Point Based, Time Based, Perimeter Based), Application (Highways, Urban Areas), and Region 2025-2033," the United States electronic toll collection market size reached USD 3.3 Billion in 2024. An electronic toll collection (ETC) system is considered to be a complex and the latest method for toll collection. It enables vehicles to pass through a toll facility without halting the driver. It aids in smooth traffic flow, thereby contributing to efficient traffic management. It offers various benefits, such as increased time efficiency, identification of vehicles, and technological advancements. The ETC market players in the United States provide a wide range of solutions, such as software services, system integration, and toll system operations, including maintenance, payment handling and revenue assurance.
United States Electronic Toll Collection Market Trends:
The market in the United States is primarily driven by significant growth in the electronics and IT industry. In line with this, stringent government regulations regarding carbon emissions and the increasing government expenditure on infrastructural development are significantly contributing to the demand for these systems. Furthermore, the emerging trend toward all-electronic tolling systems is offering lucrative growth opportunities to the market players across the region. Apart from this, the rising usage of sophisticated technology in transportation systems and the growing number of policy measures to expedite automatic toll collection, reduce congestion, collisions, and environmental damage, along with the convenience of cashless transactions, are acting as other growth-inducing factors. Moreover, the ability of ETC lanes to improve traffic flow speed and performance while saving time and digitally charging a toll to an existing customer account is strengthening the market expansion. Additionally, rapid technological advancements, such as the integration with GNSS and GPS technology and the widespread utilization of blockchain technology in toll collection systems, are also providing a boost to market growth. Looking forward, the market value is projected to reach USD 6.8 Billion by 2033, expanding at a CAGR of 7.8% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Technology, System, Subsystem, Offering, Toll Charging, Application, Region |
Region Covered | Northeast, Midwest, South, West |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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