- Transponder-/Tag-based Tolling Systems,
- Other Tolling Systems
Electronic Toll Collection Market was valued at USD 6,018.3 Million in 2023 and projected to reach USD 10,835 Million by 2030 with a CAGR of 8.4% owing to 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.
Electronic Toll Collection Market 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.
Electronic Toll Collection Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
8.4%
Largest Market
North America
Fastest Growing Market
North America
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.
North-America Got Significant Share
Electronic Toll Collection Market Regional Analysis
North America, Europe are the biggest markets for the ETC Market followed by the Asia Pacific region. In North America and Europe Electronic Toll Collection markets, USA, Germany, and United Kingdom (UK) are the key markets in these regions. In terms of growth rate, Asia Pacific region is growing at a faster growth rate when compared to the North America and Europe regions. In Asia Pacific region, China, Japan, and India are the biggest markets followed by Australia & New Zealand (ANZ), and Indonesia.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The 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
Electronic Toll Collection Market Segmentation
By System Type
By Technology
- Radio-frequency Identification (RFID),
- Dedicated Short-range Communication (DSRC),
- GNSS & GPS
By Payment Method
- Prepaid,
- Postpaid.
By Application
- Highways,
- Urban Areas.
Frequently Asked Questions
Electronic Toll Collection Market was valued at USD 6,018.3 Million in 2023 and projected to reach USD 10,835 Million by 2030 with a CAGR of 8.4%
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, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Transponder-/Tag-based Tolling Collections |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Radio-frequency Identification (RFID) |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. Prepaid |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. Highways |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029 |
| 10. North America Electronic Toll Collection Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Collection Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Prepaid |
| 10.3.2. Postpaid |
| 10.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Highways |
| 10.4.2. Urban Areas |
| 10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 10.7. North America Electronic Toll Collection Market Dynamics Trends |
| 11. Europe Electronic Toll Collection Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Collection Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Prepaid |
| 11.3.2. Postpaid |
| 11.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Highways |
| 11.4.2. Urban Areas |
| 11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 11.7. Europe Electronic Toll Collection Market Dynamics Trends |
| 12. Asia-Pacific Electronic Toll Collection Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Collection Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Prepaid |
| 12.3.2. Postpaid |
| 12.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Highways |
| 12.4.2. Urban Areas |
| 12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 12.7. Asia-Pacific Electronic Toll Collection Market Dynamics Trends |
| 13. Latin America Electronic Toll Collection Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. Collection Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Prepaid |
| 13.3.2. Postpaid |
| 13.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Highways |
| 13.4.2. Urban Areas |
| 13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 13.7. Latin America Electronic Toll Collection Market Dynamics Trends |
| 14. Middle East and Africa Electronic Toll Collection Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 14.1. Collection Type Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Prepaid |
| 14.3.2. Postpaid |
| 14.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Highways |
| 14.4.2. Urban Areas |
| 14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029 |
| 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 |
- 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, Inc. (US)
- VINCI (France),
- Feig Electronic GmbH (Germany)