Electronic Toll Collection Market: By System Type, By Technology, Dedicated Short-range Communication, GNSS & GPS), Payment Method, By Application and Region Forecast 2019-2030

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Electronic Toll Collection Market Size, Share, Growth, Trends, and Global Industry Analysis: By System Type (Transponder-/Tag-based Tolling Systems, Other Tolling Systems), By Technology (Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), GNSS & GPS), Payment Method (Prepaid, Postpaid), By Application (Highways, Urban Areas) and Region Forecast 2019-2030

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Electronic Toll Collection Market size was valued at US$ 6,018.3 million in 2023 and is projected to reach a value of US$ 10,835 million by 2030, with a CAGR of 8.4% from 2024-2030. The growing importance towards the faster and congestion free toll collection on highways. Strong government support to accelerate electronic toll collection and growing urbanization are the key driving factors for the high adoption of electronic toll collection solutions across the world. High initial cost of installation and interoperability issues are some of the restraining factors for the market growth.

The Transponder-/Tag-based Tolling Systems segment accounted to have 86.39% market share with a market value of 5.2 billion in 2023. In terms of technology, Radio-frequency Identification (RFID) segment has major market share followed by the Dedicated Short-range Communication (DSRC), and GNSS & GPS. In terms of payment method, Prepaid segment dominates the market with more than 85% market share followed by the postpaid segment. Over the forecast period ETC market has major opportunities due to increase in the public private partnerships (PPP) agreements. The need for nationwide development of highways and expressways in less time encourages governments of numerous countries to sign more PPP agreements, which in turn gives new growth opportunity to the ETC solution and service providers.

Key Developments

  • In November 2020, Kapsch completed the development of a brand-new electronic tolling (AET) system for the New York State Thruway Authority (NYSTA), which is now fully operational and collecting money.

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Electronic Toll Collection Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.4%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Electronic Toll Collection Market Dynamics

The Electronic Toll Collection Market is growing with a high single digit growth rate over the forecast period owing to the favourable government support and policies. The shifting from manual toll collection system to ETC is a growing trend in many countries of the world. Governments across the world are taking initiatives to build congestion-free and speedy transportation systems on highways and urban areas. To encourage the use of ETC over traditional toll facilities, governments are offering various concessional schemes for the drivers. These initiatives are taking more pace in developing economies to enable smooth flow of vehicles and avoid creation of queues at toll plazas.

Furthermore, the Paris Agreement 2015 for environment protection also acts as a major driving factor for the adoption of ETC solution and services to reduce greenhouse gas emissions. Both transportation management and ETC solutions are crucial tools in minimizing greenhouse gas emissions and thus, being widely adopted in large parts of the world. The major drawbacks for the ETC market are the high installation cost. In addition to that, for an ETC market, a good road infrastructure as well as telecommunication technology is essential elements. The economically developing nations lack basic infrastructure and the required communication technologies, thus affecting the growth of ETC solutions in these markets.

Electronic Toll Collection Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 6,018.3 million

Market Size in 2030

US$ 10,835 million

Market CAGR

8.4%

By System Type

  • Transponder-/Tag-based Tolling Systems
  • Other Tolling Systems

By Technology

  • Radio-frequency Identification (RFID)
  • Dedicated Short-range Communication (DSRC)
  • GNSS & GPS

By Payment Method

  • Prepaid
  • Postpaid

By Application

  • Highways
  • Urban Areas

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The electronic toll collection market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis.

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Frequently Asked Questions

The global electronic toll collection market size was valued at US$ 6,018.3 million in 2023 and is projected to grow at a CAGR of 8.4% from 2024-2030.

Kapsch TrafficCom (Austria), Conduent Business Services LLC (US), EFKON GmbH (Austria), TransCore (US), Thales Group (France), Raytheon Technologies Corporation (US)

North America, Europe are the biggest markets for the Electronic Toll Collection (ETC) market. USA, Germany, and UK are the key markets.

Strong Government Support, Favourable Policies, and Growing Urbanization are the key drivers for the Electronic Toll Collection (ETC) market.

1. Executive Summary
2. Global Electronic Toll Collection Market Introduction
2.1. Global Electronic Toll Collection Market Taxonomy
2.2. Global Electronic Toll Collection Market Definitions
2.2.1. By Collection Type
2.2.2. By Technology
2.2.3. By Payment Method
2.2.4. By Application
2.2.5. By Region
3. Global Electronic Toll Collection Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Electronic Toll Collection Market Dynamic Factors - Impact Analysis
3.6. Global Electronic Toll Collection Market Competition Landscape
4. Global Electronic Toll Collection Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Electronic Toll Collection Market, By Collection Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Transponder-/Tag-based Tolling Collections
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Other Tolling Collections
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Electronic Toll Collection Market, By Technology, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1. Radio-frequency Identification (RFID)
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Dedicated Short-range Communication (DSRC)
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. GNSS & GPS
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Electronic Toll Collection Market, By Payment Method, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1. Prepaid
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Postpaid
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Electronic Toll Collection Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. Highways
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Urban Areas
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Electronic Toll Collection Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Electronic Toll Collection Market - Opportunity Analysis Index, By Collection Type, Technology, Payment Method, Application, and Region, 2024 - 2030
10. North America Electronic Toll Collection Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. Collection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Transponder-/Tag-based Tolling Collections
10.1.2. Other Tolling Collections
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Radio-frequency Identification (RFID)
10.2.2. Dedicated Short-range Communication (DSRC)
10.2.3. GNSS & GPS
10.2.4. Others
10.3. Payment Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Prepaid
10.3.2. Postpaid
10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Highways
10.4.2. Urban Areas
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Electronic Toll Collection Market - Opportunity Analysis Index, By Collection Type, Technology, Payment Method, Application, and Country, 2024 - 2030
10.7. North America Electronic Toll Collection Market Dynamics Trends
11. Europe Electronic Toll Collection Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Collection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Transponder-/Tag-based Tolling Collections
11.1.2. Other Tolling Collections
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Radio-frequency Identification (RFID)
11.2.2. Dedicated Short-range Communication (DSRC)
11.2.3. GNSS & GPS
11.2.4. Others
11.3. Payment Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Prepaid
11.3.2. Postpaid
11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Highways
11.4.2. Urban Areas
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Electronic Toll Collection Market - Opportunity Analysis Index, By Collection Type, Technology, Payment Method, Application, and Country, 2024 - 2030
11.7. Europe Electronic Toll Collection Market Dynamics Trends
12. Asia-Pacific Electronic Toll Collection Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Collection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Transponder-/Tag-based Tolling Collections
12.1.2. Other Tolling Collections
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Radio-frequency Identification (RFID)
12.2.2. Dedicated Short-range Communication (DSRC)
12.2.3. GNSS & GPS
12.2.4. Others
12.3. Payment Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Prepaid
12.3.2. Postpaid
12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Highways
12.4.2. Urban Areas
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Electronic Toll Collection Market - Opportunity Analysis Index, By Collection Type, Technology, Payment Method, Application, and Country, 2024 - 2030
12.7. Asia-Pacific Electronic Toll Collection Market Dynamics Trends
13. Latin America Electronic Toll Collection Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Collection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Transponder-/Tag-based Tolling Collections
13.1.2. Other Tolling Collections
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Radio-frequency Identification (RFID)
13.2.2. Dedicated Short-range Communication (DSRC)
13.2.3. GNSS & GPS
13.2.4. Others
13.3. Payment Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Prepaid
13.3.2. Postpaid
13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Highways
13.4.2. Urban Areas
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Electronic Toll Collection Market - Opportunity Analysis Index, By Collection Type, Technology, Payment Method, Application, and Country, 2024 - 2030
13.7. Latin America Electronic Toll Collection Market Dynamics Trends
14. Middle East and Africa Electronic Toll Collection Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
14.1. Collection Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Transponder-/Tag-based Tolling Collections
14.1.2. Other Tolling Collections
14.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Radio-frequency Identification (RFID)
14.2.2. Dedicated Short-range Communication (DSRC)
14.2.3. GNSS & GPS
14.2.4. Others
14.3. Payment Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Prepaid
14.3.2. Postpaid
14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Highways
14.4.2. Urban Areas
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Electronic Toll Collection Market - Opportunity Analysis Index, By Collection Type, Technology, Payment Method, Application, and Country, 2024 - 2030
14.7. MEA Electronic Toll Collection Market Dynamics Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Kapsch TrafficCom
15.2.2. Windsor Detroit Borderlink Limited
15.2.3. FETC International Co, Ltd.
15.2.4. EFKON GmbH
15.2.5. Neology, Inc.
15.2.6. VINCI
15.2.7. Cubic Transportation
15.2.8. Conduent Business Services, LLC
15.2.9. Thales Group
15.2.10. Feig Electronic GmbH
15.2.11. Vitronic
15.2.12. Darts Engineering
15.2.13. Transurban
15.2.14. Macquarie
15.2.15. Meridiam
15.2.16. I Squared Capital
16. Research Methodology
17. Key Assumptions and Acronyms

Key Market Players

  • Kapsch TrafficCom (Austria)
  • Conduent Business Services LLC (US)
  • EFKON GmbH (Austria)
  • TransCore (US)
  • Thales Group (France)
  • Raytheon Technologies Corporation (US)
  • Cubic Corporation (US)
  • Siemens (Germany)
  • Neology (US)
  • VINCI (France)
  • Feig Electronic GmbH (Germany)

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