The global electronic toll collection market is expected to reach USD 14.56 billion by 2030, at a CAGR of 7.60% from 2022 to 2030. Electronic toll collection market growth would be driven by an effective way to decrease traffic congestion, environmental pollution, and accidents; government help to promote electronic toll collection; greater comfort and convenience of cashless payments; and the rising use of cutting-edge technologies in transport infrastructure.
An electronic toll collection (ETC) system is an automatic tool that uses advanced cameras and detectors to function in different areas of a toll booth. Electronic toll collection can automatically grab pictures of the automobile's registration plate and check the transponders connected to vehicles to automatically collect the proper toll when the vehicle departs the toll booth. It uses different cutting-edge solutions, like video analytics, Global Positioning System (GPS), Global Navigation Satellite System (GNSS), and Dedicated Short-Range Communications (DSRC) for vehicle tracking and toll collection process. The process saves journey time for travelers, delivers a cashless facility, lowers the traffic congestion at the toll booths, and fastens toll transactions. The global ETC market is majorly pushed by the rising need to reduce traffic jams, owing to the growing numeral of automobiles on the road and increasing congestion. Government steps for the cashless transactions and the development of the smart cities in additional countries are some other features that are expected to push the growth of the ETC market . Also, strategic alliances, acquisitions, and mergers, additionally support market growth. For example, in April 2018, TransCore declared the opening regarding the publication of specific protocols and measures known as "Super eGo (SeGo)" for the simplification and improved ease in the adoption of multi-protocol readers and transponders.
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The electronic toll collection market is primarily pushed by the steps undertaken by various governments to execute traffic-free roads for speedy cargo vehicles on highways and urban areas. Countries are rolling out a discounted program for drivers to promote electronic toll collection services. Government actions in developing nations mainly drive the substantial development of the ETC market to execute electronic toll collection systems on highways. Such steps aim to allow the easy flow of vehicles and avoid the issue of lines at toll plazas by electronically collecting toll fees.
Telecommunication technology and road infrastructure are essential factors for establishing an electronic toll collection system. Economically developing nations lack proper infrastructure, and the lack of technological advancements affects the implementation of electronic toll collection systems in these areas. Badly affected communications infrastructure such as lack of mobile service, computer, internet facility, imperfect conveyance; illiteracy; restrictions on the power supply; and deficiency of other vital resources are some of the elements that limit foreign and domestic investments in such countries, which further obstruct the development in the improvement of transport systems, like electronic toll collection, in such countries.
Electronic toll collection systems are difficult to install by a single partner; it needs the cooperation of numerous entities, including manufacturers, infrastructure providers, telecom operators, assistance providers, the public sector, and user groups. Thus, the private-public-partnership type successfully helps in incorporating an electronic toll collection system.
Recent problems with implementing electronic toll collection systems are connected to interaction and technology choice. Even though some toll facilities in specific areas are currently interlinked, a single tag can be utilized at various tolls; there is a shortage of inter-operation with different states and toll facilities at crossings the border of the states or nations. The requirement for interoperability among toll roads and border crossings will continuously rise, particularly for the toll roads constructed at the border. Additionally, technology selection straightforwardly hits interoperability.
The global electronic toll collection market has been segmented based on application, technology, type, and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global electronic toll collection market, with a 33.6% share of the market revenue in 2021.
North America Region Electronic Toll Collection Market Share in 2021 - 33.6%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global electronic toll collection industry.
In June 2019, Kapsch TrafficCom signed an agreement with the IBI Canadian Group to extend its toll managing footprint in Europe by providing the Olympia Odos Greek motorway with 30 free-flow discount stations.
As per The Brainy Insights, the size of the electronic toll collection market was valued at USD 7.53 billion in 2021 to USD 14.56 billion by 2030.
Global electronic toll collection market is growing at a CAGR of 7.60% during the forecast period 2022-2030.
The global electronic toll collection market has been segmented based application, technology, type, and regions. The highways segment led the market in 2021. The Radio-Frequency Identification (RFID) segment led the market in 2021.
North America region emerged as the largest market for the electronic toll collection market.
The market's growth will be influenced by the government aid to accelerate electronic toll collection.
Execution constraints in developing countries could hamper the market growth.
An increasing numeral of public-private partnership agreements in the transportation sector of electronic toll collection systems will provide huge opportunities to the market.
Key players are Conduent Business Services, LLC, Cubic Corporation, EFKON GmbH, Feig Electronic GmbH , Kapsch TrafficCom , Neology, Inc., Raytheon Technologies Corporation Siemens ,Thales Group , TransCore , and VINCI.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Application
4.3.2. Market Attractiveness Analysis by Technology
4.3.3. Market Attractiveness Analysis by Type
4.3.4. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Government aid to accelerate electronic toll collection
5.3. Restraints
5.3.1. Execution constraints in developing countries
5.4. Opportunities
5.4.1. An increasing numeral of public-private partnership agreements in the transportation sector
5.5. Challenges
5.5.1. The problem is linked to inter-operation, standard guidelines, and a preference for toll technology
6. Global Electronic Toll Collection Market Analysis and Forecast, By Application:
6.1. Segment Overview
6.2. Urban Areas
6.3. Highways
7. Global Electronic Toll Collection Market Analysis and Forecast, By Technology
7.1. Segment Overview
7.2. Dedicated Short-Range Communication (DSRC)
7.3. Radio-Frequency Identification (RFID)
7.4. Others
8. Global Electronic Toll Collection Market Analysis and Forecast, By Type
8.1. Segment Overview
8.2. Transponder- Or Tag-Based Toll Collection Systems
8.3. Other Toll Collection Systems
9. Global Electronic Toll Collection Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Electronic Toll Collection Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Electronic Toll Collection Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Conduent Business Services, LLC
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Cubic Corporation
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. EFKON GmbH.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Feig Electronic GmbH.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Mace Security International, Inc
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Neology, Inc
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Raytheon Technologies Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Siemens
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Thales Group
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. TransCore
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. VINCI
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
1. Global Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
2. Global Urban Areas Electronic Toll Collection Market, By Region, 2019-2030 (USD Billion)
3. Global Highways Electronic Toll Collection Market, By Region, 2019-2030 (USD Billion)
4. Global Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
5. Global Dedicated Short-Range Communication (DSRC) Electronic Toll Collection Market, By Region, 2019-2030 (USD Billion)
6. Global Radio-Frequency Identification (RFID) Electronic Toll Collection Market, By Region, 2019-2030 (USD Billion)
7. Global Others Electronic Toll Collection Market, By Region, 2019-2030 (USD Billion)
8. Global Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
9. Global Transponder- or tag-based toll collection systems Electronic Toll Collection Market, By Region, 2019-2030 (USD Billion)
10. Global Other toll collection systems Electronic Toll Collection Market, By Region, 2019-2030 (USD Billion)
11. North America Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
12. North America Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
13. North America Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
14. U.S. Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
15. U.S. Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
16. U.S. Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
17. Canada Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
18. Canada Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
19. Canada Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
20. Mexico Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
21. Mexico Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
22. Mexico Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
23. Europe Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
24. Europe Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
25. Europe Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
26. Germany Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
27. Germany Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
28. Germany Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
29. France Electronic Toll Collection Market, By Application 2019-2030 (USD Billion)
30. France Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
31. France Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
32. U.K. Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
33. U.K. Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
34. U.K. Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
35. Italy Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
36. Italy Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
37. Italy Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
38. Spain Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
39. Spain Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
40. Spain Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
41. Asia Pacific Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
42. Asia Pacific Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
43. Asia Pacific Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
44. Japan Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
45. Japan Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
46. Japan Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
47. China Electronic Toll Collection Market, By Application 2019-2030 (USD Billion)
48. China Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
49. China Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
50. India Electronic Toll Collection Market, By Application 2019-2030 (USD Billion)
51. India Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
52. India Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
53. South America Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
54. South America Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
55. South America Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
56. Brazil Electronic Toll Collection Market, By Application 2019-2030 (USD Billion)
57. Brazil Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
58. Brazil Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
59. Middle East and Africa Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
60. Middle East and Africa Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
61. Middle East and Africa Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
62. UAE Electronic Toll Collection Market, By Application, 2019-2030 (USD Billion)
63. UAE Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
64. UAE Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
65. South Africa Electronic Toll Collection Market, By Application 2019-2030 (USD Billion)
66. South Africa Electronic Toll Collection Market, By Technology, 2019-2030 (USD Billion)
67. South Africa Electronic Toll Collection Market, By Type, 2019-2030 (USD Billion)
List of Figures
1. Global Electronic Toll Collection Market Segmentation
2. Electronic Toll Collection Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Electronic Toll Collection Market Attractiveness Analysis by Application
9. Global Electronic Toll Collection Market Attractiveness Analysis by Technology
10. Global Electronic Toll Collection Market Attractiveness Analysis by Type
11. Global Electronic Toll Collection Market Attractiveness Analysis by Region
12. Global Electronic Toll Collection Market: Dynamics
13. Global Electronic Toll Collection Market Share by Application (2022 & 2030)
14. Global Electronic Toll Collection Market Share by Technology (2022 & 2030)
15. Global Electronic Toll Collection Market Share by Type (2022 & 2030)
16. Global Electronic Toll Collection Market Share by Regions (2022 & 2030)
17. Global Electronic Toll Collection Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global electronic toll collection market based on below mentioned segments:
Global Electronic Toll Collection Market by Application:
Global Electronic Toll Collection Market by Technology:
Global Electronic Toll Collection Market by Method Type:
Global Electronic Toll Collection Market by Region:
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