ETC Systems: Top Drivers that will Enable COVID-19 Recovery

Growth Drivers and Market Forecast for 2021-2025

The Global ETC Systems Market is projected to grow by $ 4.93 bn, accelerating at a CAGR of 8.75% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.


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ETC Systems Market: Key Market Drivers

Technavio has identified  Rising demand of ETC system in road tax collection as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Top Drivers for ETC Systems Market Size to Grow by $ 4.93 bn During 2021-2025

ETC Systems Market: Segment List

This report provides a detailed analysis of the market by Technology (RFID-based, DSRC, and others) and Geography (APAC, Europe, North America, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report 

ETC Systems Market: Vendor Landscape

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cubic Corp., EFKON GmbH, FEIG ELECTRONIC GmbH, Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Siemens AG, Thales Group, and Toshiba Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of 8.75%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 4.93 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Rising demand of ETC system in road tax collection will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    36% growth will originate from APAC
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Cubic Corp., EFKON GmbH, FEIG ELECTRONIC GmbH, Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Siemens AG, Thales Group, and Toshiba Corp.
     
  7. What are the market segments covered in this report?
    The market is segmented by Technology (RFID-based, DSRC, and others) and Geography (APAC, Europe, North America, South America, and MEA)
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