Electronic Toll Collection Market by Technology (RFID and DSRC), Offering (Hardware and Back Office), Application (Highways and Urban Areas), Type (Transponders/Tag-Based Tolling Systems) and Region - Global Forecast to 2029
The global electronic toll collection market was valued at USD 10.1 billion in 2024 and is projected to reach USD 14.7 billion by 2029; it is expected to register a CAGR of 7.9% during the forecast period. Technological advancements in transportation infrastructure is driving the growth of the electronic toll collection market. Whereas overreliance of ETC on technology and susceptibility to technical failure is restraining the growth of the electronic toll collection market.
“The RFID segment is expected to grow at the second higher CAGR during the forecast period.”
The RFID segment is expected to grow at a second higher CAGR of 8.0% during the forecast period. RFID technology utilizes radio-frequency electromagnetic fields to identify objects that carry RFID tags. This technology is used for electronic identification, tracking, and storing information on a tag. Two-way radio transmitters/receivers, also called interrogators or readers, send a signal to the tag and read its response. RFID readers scan the tag and send the information to the database for storage. RFID is a prominent electronic toll collection technology due to its low operational cost. RFID's ability to support interoperability fosters seamless toll transactions across various toll booths and regions, contributing to user convenience. The integration of RFID systems with backend operations allows for real-time monitoring and efficient data management, providing insights into traffic patterns and revenue collection.
The hardware offering segment is likely to grow at the second higher CAGR during the forecast period
The hardware segment is expected to grow at a CAGR of 7.0% during the forecast period. Electronic Toll collection (ETC) hardware systems have shown to increase revenue collection by reducing leakage and improving accuracy in toll transactions. This makes them an attractive option for toll operators and government agencies looking to maximize toll revenue. The support and mandates from government authorities to implement ETC systems can significantly boost their adoption. Governments may also promote the use of electronic toll collection to improve overall transportation efficiency and reduce traffic congestion.
“The RoW segment is likely to grow at the second highest CAGR during the forecast period.”
The market in RoW is expected to witness the second highest CAGR of 8.0% during the forecast period. Many countries in the Middle East and Africa are investing heavily in infrastructure development, including the construction and maintenance of roads and highways. Toll collection systems provide a means to generate revenue for these projects while ensuring their proper upkeep. Governments in the Middle East and Africa are implementing initiatives to modernize transportation systems. Regulatory support and mandates for the adoption of electronic toll collection can further drive the growth of these systems
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
Research Coverage:
The report segments the electronic toll collection market and forecasts its size by offering, type, panel size, location, vertical, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the electronic toll collection ecosystem.
Key Benefits to Buy the Report:
“The RFID segment is expected to grow at the second higher CAGR during the forecast period.”
The RFID segment is expected to grow at a second higher CAGR of 8.0% during the forecast period. RFID technology utilizes radio-frequency electromagnetic fields to identify objects that carry RFID tags. This technology is used for electronic identification, tracking, and storing information on a tag. Two-way radio transmitters/receivers, also called interrogators or readers, send a signal to the tag and read its response. RFID readers scan the tag and send the information to the database for storage. RFID is a prominent electronic toll collection technology due to its low operational cost. RFID's ability to support interoperability fosters seamless toll transactions across various toll booths and regions, contributing to user convenience. The integration of RFID systems with backend operations allows for real-time monitoring and efficient data management, providing insights into traffic patterns and revenue collection.
The hardware offering segment is likely to grow at the second higher CAGR during the forecast period
The hardware segment is expected to grow at a CAGR of 7.0% during the forecast period. Electronic Toll collection (ETC) hardware systems have shown to increase revenue collection by reducing leakage and improving accuracy in toll transactions. This makes them an attractive option for toll operators and government agencies looking to maximize toll revenue. The support and mandates from government authorities to implement ETC systems can significantly boost their adoption. Governments may also promote the use of electronic toll collection to improve overall transportation efficiency and reduce traffic congestion.
“The RoW segment is likely to grow at the second highest CAGR during the forecast period.”
The market in RoW is expected to witness the second highest CAGR of 8.0% during the forecast period. Many countries in the Middle East and Africa are investing heavily in infrastructure development, including the construction and maintenance of roads and highways. Toll collection systems provide a means to generate revenue for these projects while ensuring their proper upkeep. Governments in the Middle East and Africa are implementing initiatives to modernize transportation systems. Regulatory support and mandates for the adoption of electronic toll collection can further drive the growth of these systems
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 – 35%, Tier 2 – 45%, Tier 3 – 20%
- By Designation— C-level Executives - 40%, Directors - 30%, Others - 30%
- By Region—North America - 40%, Europe - 30%, Asia Pacific - 20%, RoW - 10%
Research Coverage:
The report segments the electronic toll collection market and forecasts its size by offering, type, panel size, location, vertical, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the electronic toll collection ecosystem.
Key Benefits to Buy the Report:
- Analysis of key drivers (Urgent need to mitigate traffic congestion and reduce road accidents, Strong government support through funding and investment in deployment of advanced tolling solutions). Restraint (Overreliance of ETC on technology and susceptibility to technical failure, ETC implementation constraints in developing countries), Opportunity (Significant focus on minimizing fuel consumption and emissions for economic and environmental gains, Integration of blockchain technology into toll collection systems), Challenges (Data privacy concerns, Interoperability issues associated with tolling systems)
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the electronic toll collection market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the electronic toll collection market across varied regions
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the electronic toll collection market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Kapsch TrafficCom AG (Austria); Conduent, Inc. (US); TransCore (US); Thales (France); Cubic Corporation (US); Infineon Technologies AG (Germany); Siemens (Germany); EFKON GmbH (Austria); Neology, Inc. (US); FEIG ELECTRONIC (Germany)) among others in the electronic toll collection market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 MARKETS COVERED
FIGURE 1 ELECTRONIC TOLL COLLECTION MARKET SEGMENTATION
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 INTRODUCTION
FIGURE 2 ELECTRONIC TOLL COLLECTION MARKET: RESEARCH DESIGN
2.2 RESEARCH DATA
FIGURE 3 ELECTRONIC TOLL COLLECTION MARKET: RESEARCH APPROACH
2.2.1 SECONDARY DATA
2.2.1.1 List of major secondary sources
2.2.1.2 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 List of key participants in primary interviews
2.2.2.2 Breakdown of primaries
2.2.2.3 Key data from primary sources
2.2.2.4 Key industry insights
2.3 FACTOR ANALYSIS
2.3.1 SUPPLY-SIDE ANALYSIS
FIGURE 4 REVENUE GENERATED FROM SALES OF ELECTRONIC TOLL COLLECTIONS
FIGURE 5 ELECTRONIC TOLL COLLECTION MARKET: REVENUE ANALYSIS OF CONDUENT, INC.
2.4 MARKET SIZE ESTIMATION METHODOLOGY
FIGURE 6 ELECTRONIC TOLL COLLECTION MARKET: SUPPLY-SIDE ANALYSIS
2.4.1 BOTTOM-UP APPROACH
2.4.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 7 ELECTRONIC TOLL COLLECTION MARKET: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.4.2.1 Approach to arrive at market size using top-down approach (supply side)
FIGURE 8 ELECTRONIC TOLL COLLECTION MARKET: TOP-DOWN APPROACH
2.5 GROWTH PROJECTIONS AND FORECAST-RELATED ASSUMPTIONS
TABLE 1 ELECTRONIC TOLL COLLECTION MARKET GROWTH ASSUMPTIONS
2.6 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 ELECTRONIC TOLL COLLECTION MARKET: DATA TRIANGULATION
2.6.1 RESEARCH ASSUMPTIONS
TABLE 2 ELECTRONIC TOLL COLLECTION MARKET: RESEARCH ASSUMPTIONS
2.6.2 RESEARCH LIMITATIONS
2.6.3 RISK ASSESSMENT
TABLE 3 ELECTRONIC TOLL COLLECTION MARKET: RISK ASSESSMENT
2.7 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT
TABLE 4 ELECTRONIC TOLL COLLECTION MARKET: PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT
3 EXECUTIVE SUMMARY
FIGURE 10 ELECTRONIC TOLL COLLECTION MARKET, 2020–2029 (USD MILLION)
FIGURE 11 HIGHWAYS TO DOMINATE ELECTRONIC TOLL COLLECTION MARKET FROM 2024 TO 2029
FIGURE 12 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS TO LEAD ELECTRONIC TOLL COLLECTION MARKET THROUGHOUT FORECAST PERIOD
FIGURE 13 OTHER TECHNOLOGIES TO RECORD HIGHEST CAGR IN ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
FIGURE 14 ASIA PACIFIC TO RECORD HIGHEST CAGR IN ELECTRONIC TOLL COLLECTION MARKET FROM 2024 TO 2029
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ELECTRONIC TOLL COLLECTION MARKET
FIGURE 15 TECHNOLOGICAL ADVANCEMENTS IN TRANSPORTATION INFRASTRUCTURE TO DRIVE ELECTRONIC TOLL COLLECTION MARKET GROWTH
4.2 ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY COUNTRY
FIGURE 16 US TO RECORD HIGHEST CAGR IN NORTH AMERICAN ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
4.3 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION
FIGURE 17 HIGHWAYS TO REGISTER HIGHER CAGR IN ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
4.4 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING
FIGURE 18 BACK OFFICE & OTHER SERVICES SEGMENT TO RECORD HIGHER CAGR IN ELECTRONIC TOLL COLLECTION MARKET FROM 2024 TO 2029
4.5 ELECTRONIC TOLL COLLECTION MARKET FOR HARDWARE OFFERINGS, BY REGION
FIGURE 19 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN ELECTRONIC TOLL COLLECTION MARKET FOR HARDWARE OFFERINGS DURING FORECAST PERIOD
4.6 ELECTRONIC TOLL COLLECTION MARKET, BY REGION
FIGURE 20 NORTH AMERICA TO HOLD LARGEST SHARE OF ELECTRONIC TOLL COLLECTION MARKET, IN TERMS OF VALUE, IN 2029
4.7 ELECTRONIC TOLL COLLECTION MARKET, BY GEOGRAPHY
FIGURE 21 ASEAN COUNTRIES TO RECORD HIGHEST CAGR IN GLOBAL ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 ELECTRONIC TOLL COLLECTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 23 ELECTRONIC TOLL COLLECTION MARKET: IMPACT OF DRIVERS
5.2.1.1 Urgent need to mitigate traffic congestion and reduce road accidents
5.2.1.2 Strong government support to deploy advanced tolling solutions
5.2.1.3 High convenience of automated toll payment options
5.2.1.4 Technological advancements in transportation infrastructure
5.2.2 RESTRAINTS
FIGURE 24 ELECTRONIC TOLL COLLECTION MARKET: IMPACT OF RESTRAINTS
5.2.2.1 Overreliance of ETC systems on technology and their susceptibility to technical failure
5.2.2.2 ETC implementation constraints in developing countries
5.2.2.3 High initial cost of GPS- and GNSS-based ETC systems
5.2.3 OPPORTUNITIES
FIGURE 25 ELECTRONIC TOLL COLLECTION MARKET: IMPACT OF OPPORTUNITIES
5.2.3.1 Significant focus on minimizing fuel consumption and emissions for economic and environmental gains
5.2.3.2 Integration of blockchain technology into toll collection systems
5.2.3.3 Rising number of public–private partnership agreements in transportation sector
5.2.3.4 Increasing adoption of all-electronic tolling systems
5.2.4 CHALLENGES
FIGURE 26 ELECTRONIC TOLL COLLECTION MARKET: IMPACT OF CHALLENGES
5.2.4.1 Data privacy concerns
5.2.4.2 Interoperability issues associated with tolling systems
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE OF RFID DEVICES OFFERED BY KEY PLAYERS
FIGURE 28 AVERAGE SELLING PRICE OF RFID DEVICES OFFERED BY KEY PLAYERS
TABLE 5 AVERAGE SELLING PRICE OF RFID DEVICES AND SOFTWARE, 2015–2023 (USD)
5.4.2 AVERAGE SELLING PRICE OF ELECTRONIC TOLL COLLECTION SYSTEM, BY REGION
TABLE 6 AVERAGE SELLING PRICE TREND, BY REGION (USD MILLION)
5.5 VALUE CHAIN ANALYSIS
FIGURE 29 ELECTRONIC TOLL COLLECTION MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
FIGURE 30 KEY PLAYERS IN ECOSYSTEM
TABLE 7 ROLE OF PARTICIPANTS IN ECOSYSTEM
5.7 INVESTMENT AND FUNDING SCENARIO
FIGURE 31 INVESTMENT AND FUNDING IN ELECTRONIC TOLL COLLECTION TECHNOLOGY
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 RFID
5.8.1.2 DSRC
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 GNSS/GPS
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 ALPR and ANPR
5.9 PATENT ANALYSIS
TABLE 8 LIST OF MAJOR PATENTS, 2022–2023
FIGURE 32 NUMBER OF PATENTS APPLIED AND GRANTED, 2013–2023
FIGURE 33 REGIONAL ANALYSIS OF PATENTS, 2023
5.10 TRADE ANALYSIS
5.10.1 IMPORT DATA
TABLE 9 IMPORT SCENARIO FOR HS CODE 8530-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
FIGURE 34 IMPORT DATA FOR HS CODE 8530-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.10.2 EXPORT DATA
TABLE 10 EXPORT SCENARIO FOR HS CODE 8530-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
FIGURE 35 EXPORT DATA FOR HS CODE 8530-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.11 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 11 ELECTRONIC TOLL COLLECTION: LIST OF KEY CONFERENCES AND EVENTS, 2023–2024
5.12 CASE STUDY ANALYSIS
5.12.1 WESTERN DIGITAL AND THEOBROMA SYSTEMS PROVIDED CUSTOMIZED TOLL COLLECTION SYSTEM FOR EUROPEAN PROJECT
5.12.2 SICE UPGRADED HUMBER BRIDGE TOLLING SYSTEM FOR OPTIMIZED TRAFFIC MANAGEMENT AND REVENUE GENERATION
5.12.3 MASSACHUSETTS DEPARTMENT OF TRANSPORTATION SELECTED TRANSCORE FOR E-ZPASS CUSTOMER SERVICE ENHANCEMENT
5.12.4 ERC SELECTED CLOUD-BASED TOLLING SOLUTION FROM COGNIZANT TO MAXIMIZE REVENUE
5.12.5 PLUS MALAYSIA USED TAPWAY’S AI AND NVIDIA’S GPUS IN RFID TOLL TRACKING SYSTEM BASED ON ANPR TECHNOLOGY
5.13 TARIFFS, REGULATIONS, AND STANDARDS
5.13.1 COUNTRY-WISE TARIFFS FOR HS CODE 8530-COMPLIANT PRODUCTS
TABLE 12 MFN TARIFF FOR HS CODE 8530-COMPLIANT PRODUCTS EXPORTED BY CHINA (2023)
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.3 STANDARDS
5.14 PORTER’S FIVE FORCES ANALYSIS
TABLE 17 ELECTRONIC TOLL COLLECTION MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 36 ELECTRONIC TOLL COLLECTION MARKET: PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 THREAT OF SUBSTITUTES
5.14.3 BARGAINING POWER OF SUPPLIERS
5.14.4 BARGAINING POWER OF BUYERS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)
5.15.2 BUYING CRITERIA
FIGURE 38 KEY BUYING CRITERIA, BY APPLICATION
TABLE 19 KEY BUYING CRITERIA, BY APPLICATION
6 PAYMENT METHODS ADOPTED TO PAY TOLLS
6.1 INTRODUCTION
6.2 PREPAID
6.3 POST-PAID
7 ELECTRONIC TOLL COLLECTION MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 39 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS TO HOLD LARGER SHARE OF ELECTRONIC TOLL COLLECTION MARKET IN 2029
TABLE 20 ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 21 ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
7.2 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS
7.2.1 SCALABILITY, COST-EFFECTIVENESS, AND SEAMLESS INTEGRATION FEATURES TO SUPPORT HIGH DEMAND
TABLE 22 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 23 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
7.3 OTHER TYPES
TABLE 24 OTHER TYPES: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 25 OTHER TYPES: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
8 ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
FIGURE 40 RFID TECHNOLOGY TO CAPTURE LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
TABLE 26 ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 27 ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
8.2 RADIO-FREQUENCY IDENTIFICATION (RFID)
8.2.1 LARGE-SCALE UTILIZATION OF RFID TAGS IN ETC SYSTEMS TO ACCELERATE SEGMENTAL GROWTH
8.3 DEDICATED SHORT-RANGE COMMUNICATION (DSRC)
8.3.1 HIGH ADOPTION OF DSRC TECHNOLOGY-BASED ETC SYSTEMS IN EUROPE TO FUEL MARKET GROWTH
8.4 OTHER TECHNOLOGIES
9 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING
9.1 INTRODUCTION
FIGURE 41 BACK OFFICE & OTHER SERVICES TO DOMINATE ELECTRONIC TOLL COLLECTION MARKET THROUGHOUT FORECAST PERIOD
TABLE 28 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 29 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
9.2 HARDWARE
9.2.1 NEED FOR UNINTERRUPTED TRAFFIC FLOW AT TOLL PLAZAS TO BOOST ADOPTION
TABLE 30 HARDWARE: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 31 HARDWARE: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
9.3 BACK OFFICE & OTHER SERVICES
9.3.1 REQUIREMENT TO PROCESS HIGH-VOLUME TRANSACTIONS TO FUEL DEMAND
TABLE 32 BACK OFFICE & OTHER SERVICES: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 33 BACK OFFICE & OTHER SERVICES: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
10 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 42 HIGHWAYS TO CAPTURE LARGER MARKET SHARE THAN URBAN AREAS THROUGHOUT FORECAST PERIOD
TABLE 34 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 35 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
10.2 HIGHWAYS
10.2.1 GROWING TRAFFIC AT TOLL PLAZAS TO BOOST DEMAND
TABLE 36 HIGHWAYS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 37 HIGHWAYS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
10.3 URBAN AREAS
10.3.1 GROWING EMPHASIS ON TRAFFIC CONGESTION MANAGEMENT TO FOSTER MARKET GROWTH
TABLE 38 URBAN AREAS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 39 URBAN AREAS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
11 ELECTRONIC TOLL COLLECTION MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 43 NORTH AMERICA CAPTURED LARGEST MARKET SHARE IN 2023
TABLE 40 ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 41 ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 42 ELECTRONIC TOLL COLLECTION MARKET FOR RFID TAGS, BY REGION, 2020–2023 (MILLION UNITS)
TABLE 43 ELECTRONIC TOLL COLLECTION MARKET FOR RFID TAGS, BY REGION, 2024–2029 (MILLION UNITS)
11.2 NORTH AMERICA
FIGURE 44 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT
TABLE 44 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 45 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 46 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 47 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 48 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 49 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 50 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 51 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 52 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 53 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.2.1 US
11.2.1.1 Growing emphasis on modernizing road infrastructure to boost demand
TABLE 54 US: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 55 US: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.2.2 CANADA
11.2.2.1 Rising installation of ETC systems on major highways and bridges to drive market
TABLE 56 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 57 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.2.3 MEXICO
11.2.3.1 Increasing number of projects for connecting neighboring countries to contribute to market growth
TABLE 58 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 59 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.2.4 RECESSION IMPACT ON MARKET IN NORTH AMERICA
11.3 EUROPE
FIGURE 45 EUROPE: ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT
TABLE 60 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY GEOGRAPHY, 2020–2023 (USD MILLION)
TABLE 61 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY GEOGRAPHY, 2024–2029 (USD MILLION)
TABLE 62 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 63 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 64 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 65 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 66 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 67 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 68 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 69 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.3.1 EU5 COUNTRIES
11.3.1.1 Presence of various automobile manufacturers and ETC solution providers to accelerate market growth
TABLE 70 EU5 COUNTRIES: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 71 EU5 COUNTRIES: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.3.2 WESTERN EUROPE
11.3.2.1 Significant focus of key players, such as Kapsch TrafficCom and EFKON GmbH, on securing ETC projects to drive market
TABLE 72 WESTERN EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 73 WESTERN EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.4 REST OF EUROPE
TABLE 74 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 75 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.4.1 RECESSION IMPACT ON MARKET IN EUROPE
11.5 ASIA PACIFIC
FIGURE 46 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT
TABLE 76 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 77 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 78 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 79 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 80 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 81 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 82 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 83 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 84 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 85 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.1 CHINA
11.5.1.1 Strong government support to automate toll payments to boost ETC system adoption
TABLE 86 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 87 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.2 JAPAN
11.5.2.1 Rising need to reduce traffic at toll gates to fuel ETC demand
TABLE 88 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 89 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.3 ASEAN COUNTRIES
11.5.3.1 Multi-lane free-flow (MLFF) system project in Indonesia to support market growth
TABLE 90 ASEAN COUNTRIES: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 91 ASEAN COUNTRIES: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.4 REST OF ASIA PACIFIC
TABLE 92 REST OF ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 93 REST OF ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.5 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
11.6 ROW
TABLE 94 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 95 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 96 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 97 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 98 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 99 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 100 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 101 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 102 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 103 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.6.1 SOUTH AMERICA
11.6.1.1 Wide network of roads to fuel deployment of ETC systems
TABLE 104 SOUTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 105 SOUTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.6.2 MIDDLE EAST & AFRICA
TABLE 106 MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 107 MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.6.2.1 GCC countries
11.6.2.1.1 Rising government initiatives toward smart city development to augment market growth
11.6.2.2 Rest of Middle East & Africa
TABLE 108 MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 109 MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
11.6.3 RECESSION IMPACT ON MARKET IN ROW
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023
TABLE 110 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS, 2020–2023
12.3 ELECTRONIC TOLL COLLECTION MARKET SHARE ANALYSIS, 2023
FIGURE 47 ELECTRONIC TOLL COLLECTION MARKET SHARE ANALYSIS, 2023
TABLE 111 ELECTRONIC TOLL COLLECTION MARKET: DEGREE OF COMPETITION, 2023
12.4 REVENUE ANALYSIS OF TOP PLAYERS, 2019–2023
FIGURE 48 FIVE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN ELECTRONIC TOLL COLLECTION MARKET, 2019–2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 49 ELECTRONIC TOLL COLLECTION MARKET MAP
12.6 ELECTRONIC TOLL COLLECTION MARKET: FINANCIAL METRICS
FIGURE 50 FINANCIAL METRICS
12.7 ELECTRONIC TOLL COLLECTION MARKET: BRAND/PRODUCT COMPARISON
FIGURE 51 BRAND COMPARISON
12.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.8.1 STARS
12.8.2 EMERGING LEADERS
12.8.3 PERVASIVE PLAYERS
12.8.4 PARTICIPANTS
FIGURE 52 ELECTRONIC TOLL COLLECTION MARKET: COMPANY EVALUATION MATRIX, (KEY PLAYERS), 2023
12.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.8.5.1 Company footprint
FIGURE 53 ELECTRONIC TOLL COLLECTION MARKET: COMPANY FOOTPRINT
12.8.5.2 Offering footprint
TABLE 112 ELECTRONIC TOLL COLLECTION MARKET: OFFERING FOOTPRINT
12.8.5.3 Type footprint
TABLE 113 ELECTRONIC TOLL COLLECTION MARKET: TYPE FOOTPRINT
12.8.5.4 Technology footprint
TABLE 114 ELECTRONIC TOLL COLLECTION MARKET: TECHNOLOGY FOOTPRINT
12.8.5.5 Application footprint
TABLE 115 ELECTRONIC TOLL COLLECTION MARKET: APPLICATION FOOTPRINT
12.8.5.6 Region footprint
TABLE 116 ELECTRONIC TOLL COLLECTION MARKET: REGION FOOTPRINT
12.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.9.1 PROGRESSIVE COMPANIES
12.9.2 RESPONSIVE COMPANIES
12.9.3 DYNAMIC COMPANIES
12.9.4 STARTING BLOCKS
FIGURE 54 ELECTRONIC TOLL COLLECTION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
12.9.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
12.9.5.1 Detailed list of startups/SMEs
TABLE 117 ELECTRONIC TOLL COLLECTION MARKET: LIST OF KEY STARTUPS/SMES
12.9.5.2 Competitive benchmarking of key startups/SMES
TABLE 118 ELECTRONIC TOLL COLLECTION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.10 COMPETITIVE SCENARIOS AND TRENDS
12.10.1 PRODUCT LAUNCHES
TABLE 119 ELECTRONIC TOLL COLLECTION MARKET: PRODUCT LAUNCHES, JANUARY 2020–DECEMBER 2023
12.10.2 DEALS
TABLE 120 ELECTRONIC TOLL COLLECTION MARKET: DEALS, JANUARY 2020–DECEMBER 2023
12.10.3 EXPANSIONS
TABLE 121 ELECTRONIC TOLL COLLECTION MARKET: EXPANSIONS, JANUARY 2020–DECEMBER 2023
13 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 KEY PLAYERS
13.1.1 KAPSCH TRAFFICCOM AG
TABLE 122 KAPSCH TRAFFICCOM AG: COMPANY OVERVIEW
FIGURE 55 KAPSCH TRAFFICCOM AG: COMPANY SNAPSHOT
TABLE 123 KAPSCH TRAFFICCOM AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 124 KAPSCH TRAFFICCOM AG: DEALS
TABLE 125 KAPSCH TRAFFICCOM AG: EXPANSIONS
13.1.2 CONDUENT, INC.
TABLE 126 CONDUENT, INC.: COMPANY OVERVIEW
FIGURE 56 CONDUENT, INC.: COMPANY SNAPSHOT
TABLE 127 CONDUENT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 CONDUENT, INC.: DEALS
13.1.3 EFKON GMBH
TABLE 129 EFKON GMBH: COMPANY OVERVIEW
TABLE 130 EFKON GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 EFKON GMBH: PRODUCT LAUNCHES
TABLE 132 EFKON GMBH: OTHERS
13.1.4 TRANSCORE
TABLE 133 TRANSCORE: COMPANY OVERVIEW
TABLE 134 TRANSCORE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 135 TRANSCORE: PRODUCT LAUNCHES
TABLE 136 TRANSCORE: DEALS
TABLE 137 TRANSCORE: OTHERS
13.1.5 THALES
TABLE 138 THALES: COMPANY OVERVIEW
FIGURE 57 THALES: COMPANY SNAPSHOT
TABLE 139 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 140 THALES: DEALS
13.1.6 CUBIC CORPORATION
TABLE 141 CUBIC CORPORATION: COMPANY OVERVIEW
TABLE 142 CUBIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 143 CUBIC CORPORATION: PRODUCT LAUNCHES
13.1.7 SIEMENS
TABLE 144 SIEMENS: COMPANY OVERVIEW
FIGURE 58 SIEMENS: COMPANY SNAPSHOT
TABLE 145 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.8 INFINEON TECHNOLOGIES AG
TABLE 146 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
FIGURE 59 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 147 INFINEON TECHNOLOGIES AG: PRODUCT/SERVICE/SOLUTION OFFERED
13.1.9 NEOLOGY
TABLE 148 NEOLOGY: COMPANY OVERVIEW
TABLE 149 NEOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 150 NEOLOGY: DEALS
13.1.10 FEIG ELECTRONIC
TABLE 151 FEIG ELECTRONIC: COMPANY OVERVIEW
TABLE 152 FEIG ELECTRONIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 153 FEIG ELECTRONIC: PRODUCT LAUNCHES
TABLE 154 FEIG ELECTRONIC: DEALS
13.2 OTHER PLAYERS
13.2.1 TOSHIBA CORPORATION
13.2.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
13.2.3 Q-FREE
13.2.4 QUARTERHILL INC.
13.2.5 PERCEPTICS, LLC
13.2.6 STAR SYSTEMS INTERNATIONAL LTD.
13.2.7 GEA
13.2.8 ADAPTIVE RECOGNITION INC.
13.2.9 SICE
13.2.10 JENOPTIK AG
13.2.11 FAR EASTERN ELECTRONIC TOLL COLLECTION CO. LTD. (FETC)
13.2.12 TOLL COLLECT GMBH
13.2.13 GEOTOLL
13.2.14 INDRA SISTEMAS, S.A.
13.2.15 KISTLER GROUP
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 MARKETS COVERED
FIGURE 1 ELECTRONIC TOLL COLLECTION MARKET SEGMENTATION
1.3.3 REGIONAL SCOPE
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
1.9 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 INTRODUCTION
FIGURE 2 ELECTRONIC TOLL COLLECTION MARKET: RESEARCH DESIGN
2.2 RESEARCH DATA
FIGURE 3 ELECTRONIC TOLL COLLECTION MARKET: RESEARCH APPROACH
2.2.1 SECONDARY DATA
2.2.1.1 List of major secondary sources
2.2.1.2 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 List of key participants in primary interviews
2.2.2.2 Breakdown of primaries
2.2.2.3 Key data from primary sources
2.2.2.4 Key industry insights
2.3 FACTOR ANALYSIS
2.3.1 SUPPLY-SIDE ANALYSIS
FIGURE 4 REVENUE GENERATED FROM SALES OF ELECTRONIC TOLL COLLECTIONS
FIGURE 5 ELECTRONIC TOLL COLLECTION MARKET: REVENUE ANALYSIS OF CONDUENT, INC.
2.4 MARKET SIZE ESTIMATION METHODOLOGY
FIGURE 6 ELECTRONIC TOLL COLLECTION MARKET: SUPPLY-SIDE ANALYSIS
2.4.1 BOTTOM-UP APPROACH
2.4.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
FIGURE 7 ELECTRONIC TOLL COLLECTION MARKET: BOTTOM-UP APPROACH
2.4.2 TOP-DOWN APPROACH
2.4.2.1 Approach to arrive at market size using top-down approach (supply side)
FIGURE 8 ELECTRONIC TOLL COLLECTION MARKET: TOP-DOWN APPROACH
2.5 GROWTH PROJECTIONS AND FORECAST-RELATED ASSUMPTIONS
TABLE 1 ELECTRONIC TOLL COLLECTION MARKET GROWTH ASSUMPTIONS
2.6 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 ELECTRONIC TOLL COLLECTION MARKET: DATA TRIANGULATION
2.6.1 RESEARCH ASSUMPTIONS
TABLE 2 ELECTRONIC TOLL COLLECTION MARKET: RESEARCH ASSUMPTIONS
2.6.2 RESEARCH LIMITATIONS
2.6.3 RISK ASSESSMENT
TABLE 3 ELECTRONIC TOLL COLLECTION MARKET: RISK ASSESSMENT
2.7 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT
TABLE 4 ELECTRONIC TOLL COLLECTION MARKET: PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT
3 EXECUTIVE SUMMARY
FIGURE 10 ELECTRONIC TOLL COLLECTION MARKET, 2020–2029 (USD MILLION)
FIGURE 11 HIGHWAYS TO DOMINATE ELECTRONIC TOLL COLLECTION MARKET FROM 2024 TO 2029
FIGURE 12 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS TO LEAD ELECTRONIC TOLL COLLECTION MARKET THROUGHOUT FORECAST PERIOD
FIGURE 13 OTHER TECHNOLOGIES TO RECORD HIGHEST CAGR IN ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
FIGURE 14 ASIA PACIFIC TO RECORD HIGHEST CAGR IN ELECTRONIC TOLL COLLECTION MARKET FROM 2024 TO 2029
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ELECTRONIC TOLL COLLECTION MARKET
FIGURE 15 TECHNOLOGICAL ADVANCEMENTS IN TRANSPORTATION INFRASTRUCTURE TO DRIVE ELECTRONIC TOLL COLLECTION MARKET GROWTH
4.2 ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY COUNTRY
FIGURE 16 US TO RECORD HIGHEST CAGR IN NORTH AMERICAN ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
4.3 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION
FIGURE 17 HIGHWAYS TO REGISTER HIGHER CAGR IN ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
4.4 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING
FIGURE 18 BACK OFFICE & OTHER SERVICES SEGMENT TO RECORD HIGHER CAGR IN ELECTRONIC TOLL COLLECTION MARKET FROM 2024 TO 2029
4.5 ELECTRONIC TOLL COLLECTION MARKET FOR HARDWARE OFFERINGS, BY REGION
FIGURE 19 ASIA PACIFIC TO WITNESS HIGHEST CAGR IN ELECTRONIC TOLL COLLECTION MARKET FOR HARDWARE OFFERINGS DURING FORECAST PERIOD
4.6 ELECTRONIC TOLL COLLECTION MARKET, BY REGION
FIGURE 20 NORTH AMERICA TO HOLD LARGEST SHARE OF ELECTRONIC TOLL COLLECTION MARKET, IN TERMS OF VALUE, IN 2029
4.7 ELECTRONIC TOLL COLLECTION MARKET, BY GEOGRAPHY
FIGURE 21 ASEAN COUNTRIES TO RECORD HIGHEST CAGR IN GLOBAL ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 ELECTRONIC TOLL COLLECTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 23 ELECTRONIC TOLL COLLECTION MARKET: IMPACT OF DRIVERS
5.2.1.1 Urgent need to mitigate traffic congestion and reduce road accidents
5.2.1.2 Strong government support to deploy advanced tolling solutions
5.2.1.3 High convenience of automated toll payment options
5.2.1.4 Technological advancements in transportation infrastructure
5.2.2 RESTRAINTS
FIGURE 24 ELECTRONIC TOLL COLLECTION MARKET: IMPACT OF RESTRAINTS
5.2.2.1 Overreliance of ETC systems on technology and their susceptibility to technical failure
5.2.2.2 ETC implementation constraints in developing countries
5.2.2.3 High initial cost of GPS- and GNSS-based ETC systems
5.2.3 OPPORTUNITIES
FIGURE 25 ELECTRONIC TOLL COLLECTION MARKET: IMPACT OF OPPORTUNITIES
5.2.3.1 Significant focus on minimizing fuel consumption and emissions for economic and environmental gains
5.2.3.2 Integration of blockchain technology into toll collection systems
5.2.3.3 Rising number of public–private partnership agreements in transportation sector
5.2.3.4 Increasing adoption of all-electronic tolling systems
5.2.4 CHALLENGES
FIGURE 26 ELECTRONIC TOLL COLLECTION MARKET: IMPACT OF CHALLENGES
5.2.4.1 Data privacy concerns
5.2.4.2 Interoperability issues associated with tolling systems
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.4 PRICING ANALYSIS
5.4.1 AVERAGE SELLING PRICE OF RFID DEVICES OFFERED BY KEY PLAYERS
FIGURE 28 AVERAGE SELLING PRICE OF RFID DEVICES OFFERED BY KEY PLAYERS
TABLE 5 AVERAGE SELLING PRICE OF RFID DEVICES AND SOFTWARE, 2015–2023 (USD)
5.4.2 AVERAGE SELLING PRICE OF ELECTRONIC TOLL COLLECTION SYSTEM, BY REGION
TABLE 6 AVERAGE SELLING PRICE TREND, BY REGION (USD MILLION)
5.5 VALUE CHAIN ANALYSIS
FIGURE 29 ELECTRONIC TOLL COLLECTION MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
FIGURE 30 KEY PLAYERS IN ECOSYSTEM
TABLE 7 ROLE OF PARTICIPANTS IN ECOSYSTEM
5.7 INVESTMENT AND FUNDING SCENARIO
FIGURE 31 INVESTMENT AND FUNDING IN ELECTRONIC TOLL COLLECTION TECHNOLOGY
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGIES
5.8.1.1 RFID
5.8.1.2 DSRC
5.8.2 COMPLEMENTARY TECHNOLOGIES
5.8.2.1 GNSS/GPS
5.8.3 ADJACENT TECHNOLOGIES
5.8.3.1 ALPR and ANPR
5.9 PATENT ANALYSIS
TABLE 8 LIST OF MAJOR PATENTS, 2022–2023
FIGURE 32 NUMBER OF PATENTS APPLIED AND GRANTED, 2013–2023
FIGURE 33 REGIONAL ANALYSIS OF PATENTS, 2023
5.10 TRADE ANALYSIS
5.10.1 IMPORT DATA
TABLE 9 IMPORT SCENARIO FOR HS CODE 8530-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
FIGURE 34 IMPORT DATA FOR HS CODE 8530-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.10.2 EXPORT DATA
TABLE 10 EXPORT SCENARIO FOR HS CODE 8530-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
FIGURE 35 EXPORT DATA FOR HS CODE 8530-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
5.11 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 11 ELECTRONIC TOLL COLLECTION: LIST OF KEY CONFERENCES AND EVENTS, 2023–2024
5.12 CASE STUDY ANALYSIS
5.12.1 WESTERN DIGITAL AND THEOBROMA SYSTEMS PROVIDED CUSTOMIZED TOLL COLLECTION SYSTEM FOR EUROPEAN PROJECT
5.12.2 SICE UPGRADED HUMBER BRIDGE TOLLING SYSTEM FOR OPTIMIZED TRAFFIC MANAGEMENT AND REVENUE GENERATION
5.12.3 MASSACHUSETTS DEPARTMENT OF TRANSPORTATION SELECTED TRANSCORE FOR E-ZPASS CUSTOMER SERVICE ENHANCEMENT
5.12.4 ERC SELECTED CLOUD-BASED TOLLING SOLUTION FROM COGNIZANT TO MAXIMIZE REVENUE
5.12.5 PLUS MALAYSIA USED TAPWAY’S AI AND NVIDIA’S GPUS IN RFID TOLL TRACKING SYSTEM BASED ON ANPR TECHNOLOGY
5.13 TARIFFS, REGULATIONS, AND STANDARDS
5.13.1 COUNTRY-WISE TARIFFS FOR HS CODE 8530-COMPLIANT PRODUCTS
TABLE 12 MFN TARIFF FOR HS CODE 8530-COMPLIANT PRODUCTS EXPORTED BY CHINA (2023)
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.3 STANDARDS
5.14 PORTER’S FIVE FORCES ANALYSIS
TABLE 17 ELECTRONIC TOLL COLLECTION MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 36 ELECTRONIC TOLL COLLECTION MARKET: PORTER’S FIVE FORCES ANALYSIS
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 THREAT OF SUBSTITUTES
5.14.3 BARGAINING POWER OF SUPPLIERS
5.14.4 BARGAINING POWER OF BUYERS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)
5.15.2 BUYING CRITERIA
FIGURE 38 KEY BUYING CRITERIA, BY APPLICATION
TABLE 19 KEY BUYING CRITERIA, BY APPLICATION
6 PAYMENT METHODS ADOPTED TO PAY TOLLS
6.1 INTRODUCTION
6.2 PREPAID
6.3 POST-PAID
7 ELECTRONIC TOLL COLLECTION MARKET, BY TYPE
7.1 INTRODUCTION
FIGURE 39 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS TO HOLD LARGER SHARE OF ELECTRONIC TOLL COLLECTION MARKET IN 2029
TABLE 20 ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 21 ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
7.2 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS
7.2.1 SCALABILITY, COST-EFFECTIVENESS, AND SEAMLESS INTEGRATION FEATURES TO SUPPORT HIGH DEMAND
TABLE 22 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 23 TRANSPONDERS/TAG-BASED TOLLING SYSTEMS ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
7.3 OTHER TYPES
TABLE 24 OTHER TYPES: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 25 OTHER TYPES: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
8 ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY
8.1 INTRODUCTION
FIGURE 40 RFID TECHNOLOGY TO CAPTURE LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
TABLE 26 ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 27 ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
8.2 RADIO-FREQUENCY IDENTIFICATION (RFID)
8.2.1 LARGE-SCALE UTILIZATION OF RFID TAGS IN ETC SYSTEMS TO ACCELERATE SEGMENTAL GROWTH
8.3 DEDICATED SHORT-RANGE COMMUNICATION (DSRC)
8.3.1 HIGH ADOPTION OF DSRC TECHNOLOGY-BASED ETC SYSTEMS IN EUROPE TO FUEL MARKET GROWTH
8.4 OTHER TECHNOLOGIES
9 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING
9.1 INTRODUCTION
FIGURE 41 BACK OFFICE & OTHER SERVICES TO DOMINATE ELECTRONIC TOLL COLLECTION MARKET THROUGHOUT FORECAST PERIOD
TABLE 28 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 29 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
9.2 HARDWARE
9.2.1 NEED FOR UNINTERRUPTED TRAFFIC FLOW AT TOLL PLAZAS TO BOOST ADOPTION
TABLE 30 HARDWARE: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 31 HARDWARE: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
9.3 BACK OFFICE & OTHER SERVICES
9.3.1 REQUIREMENT TO PROCESS HIGH-VOLUME TRANSACTIONS TO FUEL DEMAND
TABLE 32 BACK OFFICE & OTHER SERVICES: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 33 BACK OFFICE & OTHER SERVICES: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
10 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 42 HIGHWAYS TO CAPTURE LARGER MARKET SHARE THAN URBAN AREAS THROUGHOUT FORECAST PERIOD
TABLE 34 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 35 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
10.2 HIGHWAYS
10.2.1 GROWING TRAFFIC AT TOLL PLAZAS TO BOOST DEMAND
TABLE 36 HIGHWAYS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 37 HIGHWAYS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
10.3 URBAN AREAS
10.3.1 GROWING EMPHASIS ON TRAFFIC CONGESTION MANAGEMENT TO FOSTER MARKET GROWTH
TABLE 38 URBAN AREAS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 39 URBAN AREAS: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
11 ELECTRONIC TOLL COLLECTION MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 43 NORTH AMERICA CAPTURED LARGEST MARKET SHARE IN 2023
TABLE 40 ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 41 ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 42 ELECTRONIC TOLL COLLECTION MARKET FOR RFID TAGS, BY REGION, 2020–2023 (MILLION UNITS)
TABLE 43 ELECTRONIC TOLL COLLECTION MARKET FOR RFID TAGS, BY REGION, 2024–2029 (MILLION UNITS)
11.2 NORTH AMERICA
FIGURE 44 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT
TABLE 44 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 45 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 46 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 47 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 48 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 49 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 50 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 51 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 52 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 53 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.2.1 US
11.2.1.1 Growing emphasis on modernizing road infrastructure to boost demand
TABLE 54 US: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 55 US: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.2.2 CANADA
11.2.2.1 Rising installation of ETC systems on major highways and bridges to drive market
TABLE 56 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 57 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.2.3 MEXICO
11.2.3.1 Increasing number of projects for connecting neighboring countries to contribute to market growth
TABLE 58 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 59 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.2.4 RECESSION IMPACT ON MARKET IN NORTH AMERICA
11.3 EUROPE
FIGURE 45 EUROPE: ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT
TABLE 60 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY GEOGRAPHY, 2020–2023 (USD MILLION)
TABLE 61 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY GEOGRAPHY, 2024–2029 (USD MILLION)
TABLE 62 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 63 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 64 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 65 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 66 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 67 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 68 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 69 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.3.1 EU5 COUNTRIES
11.3.1.1 Presence of various automobile manufacturers and ETC solution providers to accelerate market growth
TABLE 70 EU5 COUNTRIES: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 71 EU5 COUNTRIES: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.3.2 WESTERN EUROPE
11.3.2.1 Significant focus of key players, such as Kapsch TrafficCom and EFKON GmbH, on securing ETC projects to drive market
TABLE 72 WESTERN EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 73 WESTERN EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.4 REST OF EUROPE
TABLE 74 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 75 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.4.1 RECESSION IMPACT ON MARKET IN EUROPE
11.5 ASIA PACIFIC
FIGURE 46 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT
TABLE 76 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 77 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 78 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 79 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 80 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 81 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 82 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 83 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 84 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 85 ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.1 CHINA
11.5.1.1 Strong government support to automate toll payments to boost ETC system adoption
TABLE 86 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 87 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.2 JAPAN
11.5.2.1 Rising need to reduce traffic at toll gates to fuel ETC demand
TABLE 88 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 89 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.3 ASEAN COUNTRIES
11.5.3.1 Multi-lane free-flow (MLFF) system project in Indonesia to support market growth
TABLE 90 ASEAN COUNTRIES: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 91 ASEAN COUNTRIES: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.4 REST OF ASIA PACIFIC
TABLE 92 REST OF ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 93 REST OF ASIA PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.5.5 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
11.6 ROW
TABLE 94 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020–2023 (USD MILLION)
TABLE 95 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 96 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020–2023 (USD MILLION)
TABLE 97 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 98 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2020–2023 (USD MILLION)
TABLE 99 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2024–2029 (USD MILLION)
TABLE 100 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION)
TABLE 101 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 102 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 103 ROW: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.6.1 SOUTH AMERICA
11.6.1.1 Wide network of roads to fuel deployment of ETC systems
TABLE 104 SOUTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 105 SOUTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.6.2 MIDDLE EAST & AFRICA
TABLE 106 MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 107 MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
11.6.2.1 GCC countries
11.6.2.1.1 Rising government initiatives toward smart city development to augment market growth
11.6.2.2 Rest of Middle East & Africa
TABLE 108 MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
TABLE 109 MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
11.6.3 RECESSION IMPACT ON MARKET IN ROW
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023
TABLE 110 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS, 2020–2023
12.3 ELECTRONIC TOLL COLLECTION MARKET SHARE ANALYSIS, 2023
FIGURE 47 ELECTRONIC TOLL COLLECTION MARKET SHARE ANALYSIS, 2023
TABLE 111 ELECTRONIC TOLL COLLECTION MARKET: DEGREE OF COMPETITION, 2023
12.4 REVENUE ANALYSIS OF TOP PLAYERS, 2019–2023
FIGURE 48 FIVE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN ELECTRONIC TOLL COLLECTION MARKET, 2019–2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS
FIGURE 49 ELECTRONIC TOLL COLLECTION MARKET MAP
12.6 ELECTRONIC TOLL COLLECTION MARKET: FINANCIAL METRICS
FIGURE 50 FINANCIAL METRICS
12.7 ELECTRONIC TOLL COLLECTION MARKET: BRAND/PRODUCT COMPARISON
FIGURE 51 BRAND COMPARISON
12.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
12.8.1 STARS
12.8.2 EMERGING LEADERS
12.8.3 PERVASIVE PLAYERS
12.8.4 PARTICIPANTS
FIGURE 52 ELECTRONIC TOLL COLLECTION MARKET: COMPANY EVALUATION MATRIX, (KEY PLAYERS), 2023
12.8.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
12.8.5.1 Company footprint
FIGURE 53 ELECTRONIC TOLL COLLECTION MARKET: COMPANY FOOTPRINT
12.8.5.2 Offering footprint
TABLE 112 ELECTRONIC TOLL COLLECTION MARKET: OFFERING FOOTPRINT
12.8.5.3 Type footprint
TABLE 113 ELECTRONIC TOLL COLLECTION MARKET: TYPE FOOTPRINT
12.8.5.4 Technology footprint
TABLE 114 ELECTRONIC TOLL COLLECTION MARKET: TECHNOLOGY FOOTPRINT
12.8.5.5 Application footprint
TABLE 115 ELECTRONIC TOLL COLLECTION MARKET: APPLICATION FOOTPRINT
12.8.5.6 Region footprint
TABLE 116 ELECTRONIC TOLL COLLECTION MARKET: REGION FOOTPRINT
12.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
12.9.1 PROGRESSIVE COMPANIES
12.9.2 RESPONSIVE COMPANIES
12.9.3 DYNAMIC COMPANIES
12.9.4 STARTING BLOCKS
FIGURE 54 ELECTRONIC TOLL COLLECTION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
12.9.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
12.9.5.1 Detailed list of startups/SMEs
TABLE 117 ELECTRONIC TOLL COLLECTION MARKET: LIST OF KEY STARTUPS/SMES
12.9.5.2 Competitive benchmarking of key startups/SMES
TABLE 118 ELECTRONIC TOLL COLLECTION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.10 COMPETITIVE SCENARIOS AND TRENDS
12.10.1 PRODUCT LAUNCHES
TABLE 119 ELECTRONIC TOLL COLLECTION MARKET: PRODUCT LAUNCHES, JANUARY 2020–DECEMBER 2023
12.10.2 DEALS
TABLE 120 ELECTRONIC TOLL COLLECTION MARKET: DEALS, JANUARY 2020–DECEMBER 2023
12.10.3 EXPANSIONS
TABLE 121 ELECTRONIC TOLL COLLECTION MARKET: EXPANSIONS, JANUARY 2020–DECEMBER 2023
13 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
13.1 KEY PLAYERS
13.1.1 KAPSCH TRAFFICCOM AG
TABLE 122 KAPSCH TRAFFICCOM AG: COMPANY OVERVIEW
FIGURE 55 KAPSCH TRAFFICCOM AG: COMPANY SNAPSHOT
TABLE 123 KAPSCH TRAFFICCOM AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 124 KAPSCH TRAFFICCOM AG: DEALS
TABLE 125 KAPSCH TRAFFICCOM AG: EXPANSIONS
13.1.2 CONDUENT, INC.
TABLE 126 CONDUENT, INC.: COMPANY OVERVIEW
FIGURE 56 CONDUENT, INC.: COMPANY SNAPSHOT
TABLE 127 CONDUENT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 CONDUENT, INC.: DEALS
13.1.3 EFKON GMBH
TABLE 129 EFKON GMBH: COMPANY OVERVIEW
TABLE 130 EFKON GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 EFKON GMBH: PRODUCT LAUNCHES
TABLE 132 EFKON GMBH: OTHERS
13.1.4 TRANSCORE
TABLE 133 TRANSCORE: COMPANY OVERVIEW
TABLE 134 TRANSCORE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 135 TRANSCORE: PRODUCT LAUNCHES
TABLE 136 TRANSCORE: DEALS
TABLE 137 TRANSCORE: OTHERS
13.1.5 THALES
TABLE 138 THALES: COMPANY OVERVIEW
FIGURE 57 THALES: COMPANY SNAPSHOT
TABLE 139 THALES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 140 THALES: DEALS
13.1.6 CUBIC CORPORATION
TABLE 141 CUBIC CORPORATION: COMPANY OVERVIEW
TABLE 142 CUBIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 143 CUBIC CORPORATION: PRODUCT LAUNCHES
13.1.7 SIEMENS
TABLE 144 SIEMENS: COMPANY OVERVIEW
FIGURE 58 SIEMENS: COMPANY SNAPSHOT
TABLE 145 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
13.1.8 INFINEON TECHNOLOGIES AG
TABLE 146 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
FIGURE 59 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
TABLE 147 INFINEON TECHNOLOGIES AG: PRODUCT/SERVICE/SOLUTION OFFERED
13.1.9 NEOLOGY
TABLE 148 NEOLOGY: COMPANY OVERVIEW
TABLE 149 NEOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 150 NEOLOGY: DEALS
13.1.10 FEIG ELECTRONIC
TABLE 151 FEIG ELECTRONIC: COMPANY OVERVIEW
TABLE 152 FEIG ELECTRONIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 153 FEIG ELECTRONIC: PRODUCT LAUNCHES
TABLE 154 FEIG ELECTRONIC: DEALS
13.2 OTHER PLAYERS
13.2.1 TOSHIBA CORPORATION
13.2.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
13.2.3 Q-FREE
13.2.4 QUARTERHILL INC.
13.2.5 PERCEPTICS, LLC
13.2.6 STAR SYSTEMS INTERNATIONAL LTD.
13.2.7 GEA
13.2.8 ADAPTIVE RECOGNITION INC.
13.2.9 SICE
13.2.10 JENOPTIK AG
13.2.11 FAR EASTERN ELECTRONIC TOLL COLLECTION CO. LTD. (FETC)
13.2.12 TOLL COLLECT GMBH
13.2.13 GEOTOLL
13.2.14 INDRA SISTEMAS, S.A.
13.2.15 KISTLER GROUP
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14 APPENDIX
14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
Electronic Toll Collection (E-Toll) system aims to eliminate the delay on toll roads by collecting tolls electronically. ETC system determines whether the vehicles passing are enrolled in the program or not. It alerts enforcers of vehicles which are not enrolled, and electronically debits the accounts of registered car owners, without requiring them to stop. There are many players involved in this market; such as Kapsch TrafficCom (Austria), Q-Free (Norway), 3M (U.S.), EFKON AG (U.S.), Ascendi Group (Portugal), and so on. The most revolutionary application of ETC is in the urban context of congested cities, wherein it facilitates the tolls charging, without having the vehicles to slow down or stop.
This report describes the various components of ETC system such as Automatic Vehicle Identification (AVI), Automatic Vehicle Classification (AVC), Violation/Video Enforcement System (VES), Back office and Integration. This report also covers the major applications of the ETC system on the basis of the different areas of usage; such as highway, and urban. There are various technologies which are included in this study of electronic toll control system. The global ETC system market is divided on the basis of four technologies, namely the RFID based ETC system, DSRC based ETC system, Video Analytics based ETC system, and GNSS/GPS based ETC system. Furthermore, deep segmentation of all the sections is also provided in the report.
Electronic Toll Collection system market is driven by various drivers; such as the need for congestion free toll transactions, improved traffic control, and the need to save travel time.
Although these drivers are driving the needs of the ETC system, this system is yet to be implemented on a strong basis in many of the developing countries such as India.
This report classifies the overall market into four major geographical segments, namely North America, Europe, APAC, and ROW. All the four major regions are further segmented on the basis of the major countries. North America, currently, is the market leader in the overall ETC System market; followed by Europe and APAC. In ROW— The Middle East and Africa have been the largest contributors, off late. ETC system is an emerging technology, which has been gaining the investors’ interest due to its high efficiency and accuracy.
