Global electronic toll collection market size estimated to grow by USD 6642.5 million from 2022 to 2027

According to Technavio, the global electronic toll collection market size is estimated to grow by USD 6642.5 million from 2022 to 2027. The market is estimated to grow at a CAGR of 10.55% during the forecast period. APAC will account for 40% of the market's growth during the forecast period - For more Insights on market size Request a sample report

The market share growth of the highways segment will be higher than the other segments during the forecast period. Due to a rise in infrastructure development and better traffic management practices at toll booths on highways, the highways segment, which currently holds the biggest market share of the electronic toll collection market, is anticipated to dominate the market during the projected period.
Geography overview.

By geography, the global electronic toll collection market is segmented into APAC, Europe, North America, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global electronic toll collection market.

APAC will account for 36% of the market's growth during the forecast period. Rapid digitalization is increasing the demand for electronic toll collection in the region, which is why emerging economies like China, India, Indonesia, and Malaysia are seeing growth in the adoption of electronic toll-collecting systems. Due to the high rate of RFID tag adoption in APAC and the governmental regulations to install RFID tags in cars, the region is expected to grow significantly throughout the projection period.