Electronic Toll Collection Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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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

 

 

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Report

Description

The Electronic Toll Collection Market is estimated to be valued at USD 4,831.9 million in 2021 and is poised to grow at a significant CAGR of 8.4% over 2022-2028. The electronic toll collection (ETC) system is a high-tech device that collects tolls automatically without the vehicle having to stop. It uses new technical solutions like DSRC, GPS, and GNSS to collect toll and tracking technologies, and video analytics to effectively control traffic in congested locations, hence simplifying toll collection. The transponder/tag-based tolling systems segment is expected to account for substantial growth of the electronic toll collecting market during the forecast period. In many nations, transponder-/tag-based tolling systems have been frequently employed for vehicle identification. Vehicles are equipped with a transponder/tag that allows them to connect with roadside equipment and conduct toll payment transactions without having to stop the car due to these convenient facilities of transponder-/tag-based tolling systems. Furthermore, Players are focused on expanding their services in the market. in June 2019, Kapsch TrafficCom signed a contract with the Canadian IBI Group to expand its toll management footprint in Europe by equipping the Olympia Odos Greek motorway with 30 free-flow rebate stations. Increase in demand for the improved traffic management at toll collecting centers, increased cashless travel amenities, expensive initial installation, and operational costs of ETC, and increased acceptance of ETC.

Recent Market 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

MARKET SUMMARY
-
8.4%
  • Study Period- 2022-2028
  • Base Year- 2021
  • 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,
  • Thales Group,
  • Feig Electronic GmbH,
  • Vitronic,
  • Darts Engineering.
Electronic Toll Collection Market

Dynamics

The growing use of electronic toll collection along with the growing requirement for effective traffic management solutions is a key factor driving the growth of the market. Smooth traffic flow and time savings at the toll booth are ensured by proper and effective traffic management. Congestion at toll plazas is exacerbated by increasing traffic on national roads, resulting in time and fuel losses. To make toll payments directly from its associated prepaid or postpaid account, the future electronic toll collecting system employs technologies such as RFID with an on-board unit called tag. Furthermore, RFID technique allows drivers to pass toll booths without having to stop and reduces traffic congestion.


North-America got significant share

Electronic Toll Collection Market

The Electronic Toll Collection market in North America is likely to hold the highest revenue share of 38.0% in 2021 and it is projected to increase at a significant growth rate in the future. The United States and Canada are the primary North American countries with the most automobiles per person, which is one of the most important factor driving the electronic toll collecting market forward. Furthermore, both countries have the world's greatest networks of interstate and state roads, with innovative toll collecting systems deployed in several sites and other toll installation projects underway for high-traffic sections. In addition, improvements like real-time vehicle tracking and monitoring via GPS/GNSS, as well as the deployment of RFID sensors in growing nations such as Japan, China, and India, is driving the growth of the electronic toll collecting market.

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

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • 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


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


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 (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)

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

The Electronic Toll Collection Market is estimated to be valued at USD 4,831.9 million in 2021 and is poised to grow at a significant CAGR of 8.4% over 2022-2028. The electronic toll collection (ETC) system is a high-tech device that collects tolls automatically without the vehicle having to stop. It uses new technical solutions like DSRC, GPS, and GNSS to collect toll and tracking technologies, and video analytics to effectively control traffic in congested locations, hence simplifying toll collection. The transponder/tag-based tolling systems segment is expected to account for substantial growth of the electronic toll collecting market during the forecast period. In many nations, transponder-/tag-based tolling systems have been frequently employed for vehicle identification. Vehicles are equipped with a transponder/tag that allows them to connect with roadside equipment and conduct toll payment transactions without having to stop the car due to these convenient facilities of transponder-/tag-based tolling systems. Furthermore, Players are focused on expanding their services in the market. in June 2019, Kapsch TrafficCom signed a contract with the Canadian IBI Group to expand its toll management footprint in Europe by equipping the Olympia Odos Greek motorway with 30 free-flow rebate stations. Increase in demand for the improved traffic management at toll collecting centers, increased cashless travel amenities, expensive initial installation, and operational costs of ETC, and increased acceptance of ETC.

Recent Market 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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