Global Electric Toll Collection Market was valued at USD 5.57 billion in 2023 which is expected reach USD 15.7 billion by 2030 at a CAGR 8.3%.
Electronic toll collection is also referred as ETC. It is type of high end technology which helps to improve traffic flow and saves time of driver. ETC uses latest technological solutions like GPS, GNSS, and DSRC toll collection and tracking solutions. This system helps to reduce delay on toll tunnels high accuracy vehicle lane, and toll roads in order to improve efficiency of toll collection system.
Increase in demand for safety and efficacy of transportation infrastructure is the key driving factor which is expected to boost the global electronic toll collection market growth. Furthermore, increase in technological advancements in this industry like GNSS and GPS technology adopted by Japan in their systems, have enforced government across the world to make heavy investments on toll lanes will have the positive impact on market growth. Moreover, increase in government support in framing new regulations and standards regarding the implementation of these systems which is expected to propel the market growth.
However, issues related to interoperability, common standards, and selection of toll technology is the major challenging factor which is expected to hinder the global electronic toll collection market growth. Also, high initial cost with significant operating and maintenance costs will obstruct the market growth.
Global Electronic Toll Collection Market is segmented into type such as Transporter or Tag Based Toll Collection Systems, and Others, by technology such as Radio- Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), and Others. Further, market is segmented into application such as Highways, and Urban Areas.
Also, Global Electronic Toll Collection Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as Siemens AG, Raytheon Company, Thales Group, Transcore, Kapsch Trafficcom AG, Efkon GmbH, Neology, Cubic Transportation Systems, Inc., and Vinci
By Type
Transporter or Tag Based Toll Collection Systems
Others
By Technology Radio- Frequency Identification (RFID) Dedicated Short Range Communication (DSRC) Others
By Application
Highways
Urban Areas
Global Electronic Toll Collection Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Electronic Toll Collection Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Electronic Toll Collection Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Electronic Toll Collection Market Share Analysis, By Type
5.3 Global Electronic Toll Collection Market Size and Forecast, By Type
5.3.1 Transporter or Tag Based Toll Collection System
5.3.2 Others
6 Global Electronic Toll Collection Market , By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Electronic Toll Collection Market Share Analysis, By Technology
6.3 Global Electronic Toll Collection Market Size and Forecast, By Technology
6.3.1 Radio Frequency Identification (RFID)
6.3.2 Dedicated Short Range Communication (DSRC)
6.3.3 Others
7 Global Electronic Toll Collection Market, Application
7.1 Y-o-Y Growth Comparison, Application
7.2 Global Electronic Toll Collection Market Share Analysis, Application
7.3 Global Electronic Toll Collection Market Size and Forecast, Application
7.3. 1 Highway
7.3.2 Urban Areas
8Global Electronic Toll Collection Market, By Region
8.1 Global Electronic Toll Collection Market Share Analysis, By Region
8.2 Global Electronic Toll Collection Market Share Analysis, By Region
8.3 Global Electronic Toll Collection Market Size and Forecast, By Region
9 North America Electronic Toll Collection Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Electronic Toll Collection Market Share Analysis, By Type
9.3 North America Electronic Toll Collection Market Size and Forecast, By Technology
9.4 North America Electronic Toll Collection Market Size and Forecast, Application
9.5 North America Electronic Toll Collection Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10EuropeElectronic Toll Collection Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Electronic Toll Collection Market Share Analysis, By Type
10.3 Europe Electronic Toll Collection Market Size and Forecast, By Technology
10.4 Europe Electronic Toll Collection Market Size and Forecast, Application
10.5 Europe Electronic Toll Collection Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11Asia Pacific Electronic Toll Collection Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Electronic Toll Collection Market Share Analysis, By Type
11.3 Asia Pacific Electronic Toll Collection Market Size and Forecast, By Technology
11.4 Asia Pacific Electronic Toll Collection Market Size and Forecast, Application
11.5 Asia Pacific Electronic Toll Collection Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12Latin America Electronic Toll Collection Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Electronic Toll Collection Market Share Analysis, By Type
12.3 Latin America Electronic Toll Collection Market Size and Forecast, By Technology
12.4 Latin America Electronic Toll Collection Market Size and Forecast, Application
12.5 Latin America Electronic Toll Collection Market Size and Forecast, Country
13Middle East Electronic Toll Collection Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Electronic Toll Collection Market Share Analysis, By Type
13.3 Middle East Electronic Toll Collection Market Size and Forecast, By Technology
13.4 Middle East Electronic Toll Collection Market Size and Forecast, Application
13.5 Middle East Electronic Toll Collection Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15Company Profiles
15.1 Siemens AG
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Raytheon Company
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Thales Group
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Transcore
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Kapsch Trafficcom AG
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Efkon GmbH
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Neology
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Cubic Transportation Systems, Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Vinci
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
