Rising Smart Transportation Demand Boosts Electronic Toll...

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2026-04-27 12:43:38 -

Rising Smart Transportation Demand Boosts Electronic Toll Collection Market, Led by Kapsch TrafficCom, Conduent, and Thales Group

The global electronic toll collection system market was valued at USD 16.2 billion in 2023 and is projected to reach USD 33.9 billion by the end of 2034, expanding at a CAGR of 6.7% from 2024 to 2034. Market growth is driven by increasing adoption of smart transportation systems, rising traffic congestion, and the need for efficient, contactless tolling solutions. Additionally, government...

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