Electronic Toll Collection Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

$ PRICE - $ 3,000.00$ 8,900.00

Global Electronic Toll Collection Market: By System Type (Transponder-/Tag-based Tolling Systems, Other Tolling Systems), Technology (Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), GNSS & GPS), Payment Method (Prepaid, Postpaid), Application (Highways, Urban Areas) and Region – COVID-19 Impact Analysis and Forecast to 2027

 

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

Electronic Toll Collection Market size was valued at USD 4,256.4 million in 2020 and projected to reach USD 8,520.4 million by 2027 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 population of people living in cities is increasing year over year. In 1800, only 2% of world’s population used to live in urban areas which in 2007, for the first time, crossed the 50% mark. According to the United Nations (UN) estimates, the urban population will account for over 60% by 2030. As the population in cities will increase, businesses within the city and deals with partners outside the city will also increase. This tendency will give rise to increasing volume of transportation. Moreover, with growing population, there number of private vehicles will also increase. Therefore, there is a strong need for good transportation infrastructure now which includes innovative ETC solutions as well. There are currently 3.8 billion smartphone users in the world and fast development in the smartphone and telecommunication technologies are expected to keep the growth rate significant in the foreseeable future. This has opened up new ETC methods and ETC solution providers and they have already started innovating in this direction. Various ETC solution providers are launching different apps to further ease the process of toll collection from vehicle drivers. The phone app offers various advantages, such as solution for interoperability problem, and early calculation and payment of toll charges of a planned trip. According to experts, further compliance programs in this direction might minimize the ETC equipment and infrastructure development costs on roads. The app solution is increasingly being used in numerous parts of the US and is expected to gain popularity soon in other parts of the world as well. For an ETC system, 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. Poor communications infrastructure such as lack of internet service, computer, and mobile phones; lack of electricity supply; inadequate transportation; illiteracy; and shortage of other key resources are some of the factors restraining domestic and foreign investments in such countries. This results in obstruction in the growth of ETC systems in such countries.

Electronic Toll Collection Market

MARKET SUMMARY
-
8.4%
  • Study Period- 2021-2027
  • Base Year- 2020
  • CAGR- 8.4%
  • Major Market-  Asia-Pacific
  • Faster Growing Market- North-America

COVID-19 Impact on

Electronic Toll Collection Market

  • 2020 witnessed a major economic crisis due to COVID-19 pandemic.
  • The transportation sector was one of the worst hit sectors during the pandemic. Worldwide trade also got adversely affected by disruptions in supply chain.
  • In the ETC market, the lockdowns due to COVID-19 slowed down the contracts and severely affected the tolling services revenue as there were strict restrictions on free movement of vehicles on roads.
  • Although, the second half of 2020 experienced a gradual economic recovery, however, returning to the normal state as it was during pre-COVID-19 period is expected to take another 2-3 years.
Key Players
  • Cubic Transportation,
  • Conduent Business Services, LLC,
  • Thales Group,
  • Feig Electronic GmbH,
  • Vitronic,
  • Darts Engineering.
Electronic Toll Collection Market

Trends

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 paces 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.


Electronic Toll Collection Market

Among regions, North America is expected to dominate the global ETC market owing to its several infrastructure projects and fast adoption of innovative technologies in its transportation sector. Asia Pacific is expected to witness the highest growth rate during the forecast period due to large scale development of national highways in various countries of the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Critical Questions Answered in the Report

  • What are the key trends in the global Electronic Toll Collection market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
  • What is the impact of COVID-19 on global Electronic Toll Collection market?
  • What are the key strategies adopted by the major vendors to lead in the global Electronic Toll Collection market?
  • What is the market share of the top vendors?

Key

Target Audience

Electronic Toll Collection Market


Location

GEOGRAPHY


Report

Table Of Content

1. Executive Summary
2. Global Electronic Toll System Market Introduction
2.1. Global Electronic Toll System Market – Taxonomy
2.2. Global Electronic Toll System Market –Definitions
2.2.1. By System 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 System Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Electronic Toll System Market Dynamic Factors – Impact Analysis
3.6. Global Electronic Toll System Market – Competition Landscape
4. Global Electronic Toll System Market Analysis, 2016-2020 and Forecast, 2021-2027
4.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Electronic Toll System Market, By System Type, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
5.1. Transponder-/Tag-based Tolling Systems
5.1.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (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 Systems
5.2.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (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 System Market, By Technology, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
6.1. Radio-frequency Identification (RFID)
6.1.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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 System Market, By Payment Method, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
7.1. Prepaid
7.1.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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 System Market, By Application, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
8.1. Highways
8.1.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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 System Market Forecast, By Region, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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, 2016-2020 and Forecast, 2021-2027 (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 System Market – Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Region, 2021-2027
10. North America Electronic Toll System Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
10.1. System Type Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Transponder-/Tag-based Tolling Systems
10.1.2. Other Tolling Systems
10.2. Technology Analysis 2016-2020 and Forecast 2021-2027 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 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Prepaid
10.3.2. Postpaid
10.4. Application Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Highways
10.4.2. Urban Areas
10.5. Country Analysis 2016-2020 and Forecast 2021-2027 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 System Market – Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2021-2027
10.7. North America Electronic Toll System Market Dynamics – Trends
11. Europe Electronic Toll System Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
11.1. System Type Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Transponder-/Tag-based Tolling Systems
11.1.2. Other Tolling Systems
11.2. Technology Analysis 2016-2020 and Forecast 2021-2027 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 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Prepaid
11.3.2. Postpaid
11.4. Application Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Highways
11.4.2. Urban Areas
11.5. Country Analysis 2016-2020 and Forecast 2021-2027 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 System Market – Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2021-2027
11.7. Europe Electronic Toll System Market Dynamics – Trends
12. Asia-Pacific Electronic Toll System Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
12.1. System Type Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Transponder-/Tag-based Tolling Systems
12.1.2. Other Tolling Systems
12.2. Technology Analysis 2016-2020 and Forecast 2021-2027 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 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Prepaid
12.3.2. Postpaid
12.4. Application Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Highways
12.4.2. Urban Areas
12.5. Country Analysis 2016-2020 and Forecast 2021-2027 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 System Market – Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2021-2027
12.7. Asia-Pacific Electronic Toll System Market Dynamics – Trends
13. Latin America Electronic Toll System Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
13.1. System Type Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Transponder-/Tag-based Tolling Systems
13.1.2. Other Tolling Systems
13.2. Technology Analysis 2016-2020 and Forecast 2021-2027 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 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Prepaid
13.3.2. Postpaid
13.4. Application Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Highways
13.4.2. Urban Areas
13.5. Country Analysis 2016-2020 and Forecast 2021-2027 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 System Market – Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2021-2027
13.7. Latin America Electronic Toll System Market Dynamics – Trends
14. Middle East and Africa Electronic Toll System Market Analysis, 2016-2020 and Forecast, 2021-2027 (Revenue, USD Mn)
14.1. System Type Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Transponder-/Tag-based Tolling Systems
14.1.2. Other Tolling Systems
14.2. Technology Analysis 2016-2020 and Forecast 2021-2027 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 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Prepaid
14.3.2. Postpaid
14.4. Application Analysis 2016-2020 and Forecast 2021-2027 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Highways
14.4.2. Urban Areas
14.5. Country Analysis 2016-2020 and Forecast 2021-2027 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 System Market – Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2021-2027
14.7. MEA Electronic Toll System 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

 


Report

Company Profile

  • Kapsch TrafficCom,
  • Windsor Detroit Borderlink Limited,
  • FETC International Co, Ltd.,
  • EFKON GmbH,
  • Neology, Inc.,
  • VINCI,
  • Cubic Transportation,
  • Conduent Business Services, LLC,
  • Thales Group,
  • Feig Electronic GmbH,
  • Vitronic,
  • Darts Engineering,
  • Transurban,
  • Macquarie,
  • Meridiam, and
  • I Squared Capital

Report

List of Tables and Figures

  • Global Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Global Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Global Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Global Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Global Electronic Toll Collection Market, By Region, 2016-2026 (USD Million)
  • North America Electronic Toll Collection Market, By Country, 2016-2026 (USD Million)
  • North America Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • North America Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • North America Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • North America Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • US Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • US Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • US Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • US Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Canada Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Canada Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Canada Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Canada Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Mexico Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Mexico Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Mexico Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Mexico Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Europe Electronic Toll Collection Market, By Country, 2016-2026 (USD Million)
  • Europe Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Europe Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Europe Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Europe Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Germany Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Germany Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Germany Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Germany Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • UK Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • UK Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • UK Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • UK Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • France Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • France Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • France Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • France Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Italy Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Italy Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Italy Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Italy Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Spain Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Spain Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Spain Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Spain Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Rest of Europe Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Rest of Europe Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Rest of Europe Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Rest of Europe Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Asia-Pacific Electronic Toll Collection Market, By Country, 2016-2026 (USD Million)
  • Asia-Pacific Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Asia-Pacific Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Asia-Pacific Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Asia-Pacific Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • China Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • China Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • China Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • China Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • India Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • India Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • India Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • India Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Japan Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Japan Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Japan Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Japan Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • South Korea Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • South Korea Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • South Korea Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • South Korea Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Rest of Asia-Pacific Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Rest of Asia-Pacific Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Rest of Asia-Pacific Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Rest of Asia-Pacific Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • Middle East and Africa Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • Middle East and Africa Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • Middle East and Africa Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • Middle East and Africa Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)
  • South America Electronic Toll Collection Market, By System Type, 2016-2026 (USD Million)
  • South America Electronic Toll Collection Market, By Technology, 2016-2026 (USD Million)
  • South America Electronic Toll Collection Market, By Payment Method, 2016-2026 (USD Million)
  • South America Electronic Toll Collection Market, By Application, 2016-2026 (USD Million)

 

List of Figures

  • Global Electronic Toll Collection Market: Market Segmentation
  • Global Electronic Toll Collection Market: Research Methodology
  • Breakdown of Primary Interviews
  • Top Down Approach
  • Bottom Up Approach
  • Data Triangulation
  • Global Electronic Toll Collection Market: Drivers, Restraints, Opportunities, and Challenges
  • Global Electronic Toll Collection Market: Porter’s Five Forces Model Analysis
  • Global Electronic Toll Collection Market: Value Chain Analysis
  • Global Electronic Toll Collection Market Share Analysis, By System Type, 2020 and 2026
  • Global Electronic Toll Collection Market Share Analysis, By Technology, 2020 and 2026
  • Global Electronic Toll Collection Market Share Analysis, By Payment Method, 2020 and 2026
  • Global Electronic Toll Collection Market Share Analysis, By Application, 2020 and 2026
  • Global Electronic Toll Collection Market Share Analysis, By Region, 2020 and 2026
  • North America Electronic Toll Collection Market Share Analysis, By Country, 2020 and 2026
  • North America Electronic Toll Collection Market Share Analysis, By System Type, 2020 and 2026
  • North America Electronic Toll Collection Market Share Analysis, By Technology, 2020 and 2026
  • North America Electronic Toll Collection Market Share Analysis, By Payment Method, 2020 and 2026
  • North America Electronic Toll Collection Market Share Analysis, By Application, 2020 and 2026
  • Europe Electronic Toll Collection Market Share Analysis, By Country, 2020 and 2026
  • Europe Electronic Toll Collection Market Share Analysis, By System Type, 2020 and 2026
  • Europe Electronic Toll Collection Market Share Analysis, By Technology, 2020 and 2026
  • Europe Electronic Toll Collection Market Share Analysis, By Payment Method, 2020 and 2026
  • Europe Electronic Toll Collection Market Share Analysis, By Application, 2020 and 2026
  • Asia-Pacific Electronic Toll Collection Market Share Analysis, By Country, 2020 and 2026
  • Asia-Pacific Electronic Toll Collection Market Share Analysis, By System Type, 2020 and 2026
  • Asia-Pacific Electronic Toll Collection Market Share Analysis, By Technology, 2020 and 2026
  • Asia-Pacific Electronic Toll Collection Market Share Analysis, By Payment Method, 2020 and 2026
  • Asia-Pacific Electronic Toll Collection Market Share Analysis, By Application, 2020 and 2026
  • Middle East and Africa Electronic Toll Collection Market Share Analysis, By System Type, 2020 and 2026
  • Middle East and Africa Electronic Toll Collection Market Share Analysis, By Technology, 2020 and 2026
  • Middle East and Africa Electronic Toll Collection Market Share Analysis, By Payment Method, 2020 and 2026
  • Middle East and Africa Electronic Toll Collection Market Share Analysis, By Application, 2020 and 2026
  • South America Electronic Toll Collection Market Share Analysis, By System Type, 2020 and 2026
  • South America Electronic Toll Collection Market Share Analysis, By Technology, 2020 and 2026
  • South America Electronic Toll Collection Market Share Analysis, By Payment Method, 2020 and 2026
  • South America Electronic Toll Collection Market Share Analysis, By Application, 2020 and 2026
  • Global Electronic Toll Collection Market: Competitive Benchmarking
  • Global Electronic Toll Collection Market: Vendor Share Analysis, 2020

Description

Electronic Toll Collection Market size was valued at USD 4,256.4 million in 2020 and projected to reach USD 8,520.4 million by 2027 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 population of people living in cities is increasing year over year. In 1800, only 2% of world’s population used to live in urban areas which in 2007, for the first time, crossed the 50% mark. According to the United Nations (UN) estimates, the urban population will account for over 60% by 2030. As the population in cities will increase, businesses within the city and deals with partners outside the city will also increase. This tendency will give rise to increasing volume of transportation. Moreover, with growing population, there number of private vehicles will also increase. Therefore, there is a strong need for good transportation infrastructure now which includes innovative ETC solutions as well. There are currently 3.8 billion smartphone users in the world and fast development in the smartphone and telecommunication technologies are expected to keep the growth rate significant in the foreseeable future. This has opened up new ETC methods and ETC solution providers and they have already started innovating in this direction. Various ETC solution providers are launching different apps to further ease the process of toll collection from vehicle drivers. The phone app offers various advantages, such as solution for interoperability problem, and early calculation and payment of toll charges of a planned trip. According to experts, further compliance programs in this direction might minimize the ETC equipment and infrastructure development costs on roads. The app solution is increasingly being used in numerous parts of the US and is expected to gain popularity soon in other parts of the world as well. For an ETC system, 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. Poor communications infrastructure such as lack of internet service, computer, and mobile phones; lack of electricity supply; inadequate transportation; illiteracy; and shortage of other key resources are some of the factors restraining domestic and foreign investments in such countries. This results in obstruction in the growth of ETC systems in such countries.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX