U.S. Electronic Toll Collection Market is expected to grow with the CAGR of 9.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
U.S. electronic toll collection market is a fragmented market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in U.S. electronic toll collection market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.
Raytheon Company (a subsidiary of Raytheon Technologies Corporation) is the dominating player in U.S. electronic toll collection market. The other key players existing in the market includes Cubic Corporation, The Revenue Markets Inc., GeoToll, Thales Group, Siemens, MITSUBISHI HEAVY INDUSTRIES MACHINERY SYSTEMS, LTD. (a subsidiary of MITSUBISHI HEAVY INDUSTRIES, LTD.), Toshiba Infrastructure Systems & Solutions Corporation, International Road Dynamics Inc. (a subsidiary of Quarterhill Inc.), Perceptics, LLC among others.
Raytheon Company (a subsidiary of Raytheon Technologies Corporation)
Raytheon Company (a subsidiary of Raytheon Technologies Corporation) is headquartered in Virginia, U.S. The company is engaged in communications, sensors, and command control technologies for providing solutions to transportation and tolling. The product categories of the company include Advanced Tech, Air Dominance, Command & control, Communications, Transportation & Technology, Communication & Navigation out of which Transportation Technology and Tolling are market focused segment. For instance,
The company has presence in North America, Europe, and Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Raytheon Missiles & Defense (U.S.), Forcepoint (U.S.), Raytheon-Ebasco Indonesia Ltd (Indonesia), Applied Signal Technology (U.S.) and among others.
Cubic Corporation is headquartered in California, U.S. and it was established in year 1951. The company is engaged in offering technology solutions such as road user charging, mobile suite, and others for defense & transportation applications. Some of the business segment include Cubic Transportation Systems (CTS), Cubic Mission Solutions (CMS) and Cubic Global Defense Systems (CDS) and the market focused business segment is Cubic Transportation System (CTS). The solutions category includes C4ISR, Transportation System out of which Transportation is the market focused solutions category. For instance,
The company has presence in North America, Asia-Pacific, and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Cubic Transportation Systems (U.S.), Delerrok Inc. (U.S.), Teralogics (U.S.), Motion DSP (U.S.), GATR Technologies Inc., (U.S.) and among others
Siemens is headquartered in Munich, Germany and which was founded in 1847. The company is engaged in providing smart mobility solutions for rail and road transport, intelligent infrastructure for buildings and automation and digitalization out of which the market focused category is Mobility. Some of the product categories include building technology, Drive technology, energy, financing, healthcare, industrial automation, mobility, services, software out of which mobility is the market focused product category. For instance,
The company has global presence in North America, Europe, Asia-Pacific, Middle East, and Africa. In addition, company also generates revenue through the subsidiary such as Siemens Helathineers (Germany), Gamesa Corporacion Technologic (Spain), Siemens India (India), Siemens Mobility (Germany) and Mendix (U.S.) and among others.