NEW YORK, Nov. 30, 2021 /PRNewswire/ -- The ETC systems market is expected to grow by USD 4.93 billion, at a CAGR of 8.75%, between 2020 and 2025. Technavio's market forecast reports help businesses make confident decisions with detailed research and analysis.
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This 120-page report on the ETC systems market includes segmentation by technology and geography. It also includes the latest trends, drivers, and challenges. The rising demand for ETC systems in road tax collection and convenience for users and operators are driving the growth of the market. However, high capital investment in DSRC and GNSS-based ETC systems is impeding the growth of the market.
Major ETC Systems Companies:
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ETC Systems Market Technology Outlook (Revenue, USD bn, 2020-2025)
ETC Systems Market Geography Outlook (Revenue, USD bn, 2020-2025)
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ETC Systems Market Scope |
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Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.75% |
Market growth 2021-2025 |
USD 4.93 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.84 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 36% |
Key consumer countries |
China, US, India, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Companies profiled |
Cubic Corp., EFKON GmbH, FEIG ELECTRONIC GmbH, Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Siemens AG, Thales Group, and Toshiba Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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