Global Electronic Toll Collection Market Research Report: Forecast (2024-2030)

Electronic Toll Collection Market - By Type (Transponders/Tag-based Tolling Systems, Others), By Payment Mode (Prepaid Pay Tolls, Post-Paid Pay Tolls), By Technology (Radio-Frequen......cy Identification [RFID], Dedicated Short-Range Communication [DSRC], Others), By Offering (Hardware, Back Office, Other Services), By Application (Highways, Urban Areas) and others Read more

  • ICT & Electronics
  • May 2024
  • 184
  • PDF, Excel, PPT

Market Definition

To make toll payment easy, electronic toll collection fast-tracks the process of paying for tolls. This is done through cashless transactions that help to reduce congestion resulting from traditional methods of paying in the form of cash or using credit cards at a given toll site. The devices allow cars to pass through booths without stopping, using scanners to collect money. Unlike cash tolls, electronic systems accommodate vehicles without transponders, facilitating smoother traffic flow on toll roads, whether privately or publicly managed. By eliminating manual operations, electronic toll collection significantly reduces traffic congestion.

Market Insights & Analysis: Global Electronic Toll Collection Market (2024-30):

The Global Electronic Toll Collection Market size is estimated to be USD 10.08 billion in 2024 & is expected to grow at a CAGR of around 8.9% during the forecast period, i.e., 2024-30. The burgeoning electronic toll collection market is propelled by several key factors, including the pressing imperative to alleviate traffic congestion and curtail road accidents. These urgent concerns underscore a growing demand for innovative solutions within the transportation sector. Thus, the market for automatic toll-collection systems is experiencing significant growth, particularly in urban areas. According to the recent U.S. Beauro Report, the economic toll of urban congestion exceeds USD 30 billion annually. Consequently, both the public and governmental sectors are embracing electronic toll-collection solutions to address these challenges.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 8.9%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled Kapsch TrafficCom AG, Neology, Conduent, Inc., Efkon Gmbh, TransCore, Thales, Cubic Corporation, Siemens, Infineon Technologies Ag, Feig Electronic, Toshiba Corporation, Mitsubishi Heavy Industries, Ltd., Quarterhill Inc., Perceptics, Llc, Star Systems International Ltd., Others
Market Value (2024) USD 10.08 Billion

 

ETC systems not only mitigate congestion at toll plazas but also lower collection costs, boost capacity, and fortify audit controls. In addition, they promote fuel efficiency and environmental sustainability and minimize driver frustration and time waste. These advantages make ETC systems particularly crucial for urban toll facilities serving large commuter populations. Moreover, the market accelerates on the back of a growing global urban population and increased government spending on smart infrastructure, according to the World Bank Report 2021, which indicates that the global urban population is expected to reach about 6.68 billion by 2050, compared to 4.46 billion in recent years. Consumers are actively switching to electronic toll collection because of increased blockchain technology usage. This transition marks a departure from traditional coin-based or manual tolling methods towards more efficient and secure blockchain-based solutions.

This trend is further improved by cooperation between the public and private sectors in the transport industry, a windfall opportunity for participants. The market awaits significant expansion in the upcoming period as blockchain technology continues to revolutionize toll collection systems. In essence, technological advancements are playing a crucial role in reshaping the structure of transportation infrastructure, introducing an easy and effective way to collect tolls. The electronic toll collection market is thus sure to take off significantly, with governments and private entities showing strong signs of investing in modern systems, meaning that strong growth prospects loom large on the horizon.

Moreover, the incorporation of advanced radars, sensors, and high-resolution surveillance cameras also facilitates the detailed behavior analysis of the traffic patterns in certain areas, providing local government organizations with up-to-date data and aiding in decision-making. Aside from their development, the continuous implementation of modern technologies, such as the Internet of Things and GPS/GNS-based toll collection systems in interconnected cars, contributes to the efficient design and operation of an automated toll collection system. In this context, the increasing tendency toward the utilization of modern technologies will boost the global automated toll collection market, suggesting profitability and promising opportunities for businesses in the field.

  1. Market Segmentation
  2. Introduction
    1. Market Definition
    2. Research Process
    3. Assumption
  3. Executive Summary
  4. Global Electronic Toll Collection Market Trends & Insights
  5. Global Electronic Toll Collection Market Dynamics
    1. Growth Drivers
    2. Challenges
  6. Global Electronic Toll Collection Market Hotspot & Opportunities
  7. Global Electronic Toll Collection Market Regulation & Policy
  8. Global Electronic Toll Collection Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type
        1. Transponders/Tag-based Tolling Systems- Market Size & Forecast 2019-2030, (USD Million)
        2. Others- Market Size & Forecast 2019-2030, (USD Million)
      2. By Payment Mode
        1. Prepaid Pay Tolls- Market Size & Forecast 2019-2030, (USD Million)
        2. Post-Paid Pay Tolls- Market Size & Forecast 2019-2030, (USD Million)
      3. By Technology
        1. Radio-Frequency Identification (RFID)- Market Size & Forecast 2019-2030, (USD Million)
        2. Dedicated Short-Range Communication (DSRC)- Market Size & Forecast 2019-2030, (USD Million)
        3. Others- Market Size & Forecast 2019-2030, (USD Million)
      4. By Offering
        1. Hardware- Market Size & Forecast 2019-2030, (USD Million)
        2. Back Office- Market Size & Forecast 2019-2030, (USD Million)
        3. Other Services- Market Size & Forecast 2019-2030, (USD Million)
      5. By Application- Market Size & Forecast 2019-2030, (USD Million)
        1. Highways- Market Size & Forecast 2019-2030, (USD Million)
        2. Urban Areas- Market Size & Forecast 2019-2030, (USD Million)
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      7. By Company
        1. Competition Characteristics
        2. Revenue Shares
  9. North America Electronic Toll Collection Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      3. By Payment Mode- Market Size & Forecast 2019-2030, (USD Million)
      4. By Technology- Market Size & Forecast 2019-2030, (USD Million)
      5. By Application- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. The US
        2. Canada
        3. Mexico
    3. The US Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    4. Canada Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    5. Mexico Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
  10. South America Electronic Toll Collection Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      3. By Payment Mode- Market Size & Forecast 2019-2030, (USD Million)
      4. By Technology- Market Size & Forecast 2019-2030, (USD Million)
      5. By Application- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    4. Argentina Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
  11. Europe Electronic Toll Collection Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      3. By Payment Mode- Market Size & Forecast 2019-2030, (USD Million)
      4. By Technology- Market Size & Forecast 2019-2030, (USD Million)
      5. By Application- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    3. The UK Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    4. Germany Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    5. France Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    6. Italy Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    7. Spain Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
  12. The Middle East & Africa Electronic Toll Collection Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      3. By Payment Mode- Market Size & Forecast 2019-2030, (USD Million)
      4. By Technology- Market Size & Forecast 2019-2030, (USD Million)
      5. By Application- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. Saudi Arabia
        2. The UAE
        3. South Africa
        4. Rest of the Middle East & Africa
    3. Saudi Arabia Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    4. The UAE Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    5. South Africa Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
  13. Asia-Pacific Electronic Toll Collection Market Outlook, 2019- 2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030, (USD Million)
      2. By Offering- Market Size & Forecast 2019-2030, (USD Million)
      3. By Payment Mode- Market Size & Forecast 2019-2030, (USD Million)
      4. By Technology- Market Size & Forecast 2019-2030, (USD Million)
      5. By Application- Market Size & Forecast 2019-2030, (USD Million)
      6. By Country- Market Size & Forecast 2019-2030, (USD Million)
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Australia
        6. Rest of Asia-Pacific
    3. China Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    4. Japan Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    5. South Korea Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    6. India Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
    7. Australia Electronic Toll Collection Market Outlook, 2019-2030
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Type- Market Size & Forecast 2019-2030, (USD Million)
        2. By Application- Market Size & Forecast 2019-2030, (USD Million)
        3. By Offering- Market Size & Forecast 2019-2030, (USD Million)
  14. Global Electronic Toll Collection Market Key Strategic Imperatives for Success & Growth
  15. Competitive Outlook
    1. Company Profiles
      1. Kapsch TrafficCom AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Neology
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Conduent, Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Efkon Gmbh
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Transcore
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Thales
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Cubic Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Siemens
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Infineon Technologies Ag
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Feig Electronic
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Toshiba Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Mitsubishi Heavy Industries, Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Quarterhill Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Perceptics, Llc
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Star Systems International Ltd.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  16. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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