Global Electronic Toll Collection Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Electronic Toll Collection Market is presumed to reach the market size of nearly USD 22.94 Billion by 2032 from USD 11.05 Billion in 2023 with a CAGR of 8.46% under the study period 2024-2032.

Electronic toll collection (ETC) systems automate the process of toll payment on highways, bridges, and tunnels using electronic devices such as transponders and cameras. Vehicles equipped with ETC devices can pass through toll points without stopping, as the toll is automatically deducted from a prepaid account or billed to the vehicle owner. ETC systems enhance traffic flow, reduce congestion, and enhance fuel efficiency by eliminating the need for manual toll collection. They offer convenience for drivers and operational efficiency for toll operators, contributing to a smoother and faster travel experience.

MARKET DYNAMICS

The electronic toll collection (ETC) market is witnessing significant growth driven by transportation authorities and infrastructure operators' increasing adoption of electronic tolling systems to improve traffic flow, reduce congestion, and enhance toll collection efficiency. Electronic toll collection technologies, such as RFID tags, dedicated short-range communication (DSRC), and automatic license plate recognition (ALPR), offer faster and more convenient payment options for motorists, leading to shorter wait times and reduced fuel consumption. Furthermore, the growing urbanization and expansion of road networks in developing regions drive the need for advanced tolling solutions to manage traffic volume and generate revenue for infrastructure development. Technological advancements in ETC systems, including interoperable payment platforms and mobile applications, enhance user experience and expand market opportunities. Additionally, government initiatives promoting cashless transactions and digitalization of toll collection processes are driving the adoption of electronic tolling systems. The growing attention to environmental sustainability and the implementation of road pricing schemes to reduce vehicle emissions further contribute to market growth. Moreover, the rising demand for integrated transportation management solutions and smart city initiatives is fuelling investment in electronic toll collection infrastructure worldwide. As transportation authorities prioritize efficiency, sustainability, and user convenience, the market is expected to grow in the coming years. However, high installation costs and technical complexities may hinder the market growth in the next few years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Electronic Toll Collection. The growth and trends of Electronic Toll Collection industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Electronic Toll Collection market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Type

Automatic Vehicle Classification (AVC)
Automatic Vehicle Identification System (AVIS)
Violation Enforcement System (VES)
Others

By Technology

Radio Frequency Identification (RFID)
Dedicated Short Range Communication (DSRC)
Global Navigation Satellite System (GNSS) and GPS
Cell Phone Tolling
Others

By Application

Highways
Urban Areas

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Electronic Toll Collection market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Electronic Toll Collection market include EFKON GmbH, Kapsch TrafficCom AG, Conduent Inc., TransCore, Thales, Siemens, Cubic Corporation, Mitsubishi Heavy Industries Ltd., Neology Inc., Toshiba Infrastructure Systems & Solutions Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11215523

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. ELECTRONIC TOLL COLLECTION - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Technology
- 3.7.3 Market Attractiveness Analysis By Application
- 3.7.4 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY TYPE

5.1. Overview By Type
5.2. Historical and Forecast Data Analysis By Type
5.3. Automatic Vehicle Classification (AVC) Historic and Forecast Sales By Regions
5.4. Automatic Vehicle Identification System (AVIS) Historic and Forecast Sales By Regions
5.5. Violation Enforcement System (VES) Historic and Forecast Sales By Regions
5.6. Others Historic and Forecast Sales By Regions

6. GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY TECHNOLOGY

6.1. Overview By Technology
6.2. Historical and Forecast Data Analysis By Technology
6.3. Radio Frequency Identification (RFID) Historic and Forecast Sales By Regions
6.4. Dedicated Short Range Communication (DSRC) Historic and Forecast Sales By Regions
6.5. Global Navigation Satellite System (GNSS) and GPS Historic and Forecast Sales By Regions
6.6. Cell Phone Tolling Historic and Forecast Sales By Regions
6.7. Others Historic and Forecast Sales By Regions

7. GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY APPLICATION

7.1. Overview By Application
7.2. Historical and Forecast Data Analysis By Application
7.3. Highways Historic and Forecast Sales By Regions
7.4. Urban Areas Historic and Forecast Sales By Regions

8. GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY GEOGRAPHY

8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
- 8.3.1 Overview, Historic and Forecast Data Sales Analysis
- 8.3.2 North America By Segment Sales Analysis
- 8.3.3 North America By Country Sales Analysis
- 8.3.4 United States Sales Analysis
- 8.3.5 Canada Sales Analysis
- 8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
- 8.4.1 Overview, Historic and Forecast Data Sales Analysis
- 8.4.2 Europe By Segment Sales Analysis
- 8.4.3 Europe By Country Sales Analysis
- 8.4.4 United Kingdom Sales Analysis
- 8.4.5 France Sales Analysis
- 8.4.6 Germany Sales Analysis
- 8.4.7 Italy Sales Analysis
- 8.4.8 Russia Sales Analysis
- 8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
- 8.5.1 Overview, Historic and Forecast Data Sales Analysis
- 8.5.2 Asia Pacific By Segment Sales Analysis
- 8.5.3 Asia Pacific By Country Sales Analysis
- 8.5.4 China Sales Analysis
- 8.5.5 India Sales Analysis
- 8.5.6 Japan Sales Analysis
- 8.5.7 South Korea Sales Analysis
- 8.5.8 Australia Sales Analysis
- 8.5.9 South East Asia Sales Analysis
- 8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
- 8.6.1 Overview, Historic and Forecast Data Sales Analysis
- 8.6.2 Latin America By Segment Sales Analysis
- 8.6.3 Latin America By Country Sales Analysis
- 8.6.4 Brazil Sales Analysis
- 8.6.5 Argentina Sales Analysis
- 8.6.6 Peru Sales Analysis
- 8.6.7 Chile Sales Analysis
- 8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
- 8.7.1 Overview, Historic and Forecast Data Sales Analysis
- 8.7.2 Middle East & Africa By Segment Sales Analysis
- 8.7.3 Middle East & Africa By Country Sales Analysis
- 8.7.4 Saudi Arabia Sales Analysis
- 8.7.5 UAE Sales Analysis
- 8.7.6 Israel Sales Analysis
- 8.7.7 South Africa Sales Analysis
- 8.7.8 Rest Of Middle East And Africa Sales Analysis

9. COMPETITIVE LANDSCAPE OF THE ELECTRONIC TOLL COLLECTION COMPANIES

9.1. Electronic Toll Collection Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments

10. COMPANY PROFILES OF ELECTRONIC TOLL COLLECTION INDUSTRY

10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. EFKON GmbH
- 10.3.1 Company Overview
- 10.3.2 Company Revenue
- 10.3.3 Products
- 10.3.4 Recent Developments
10.4. Kapsch TrafficCom AG
- 10.4.1 Company Overview
- 10.4.2 Company Revenue
- 10.4.3 Products
- 10.4.4 Recent Developments
10.5. Conduent Inc.
- 10.5.1 Company Overview
- 10.5.2 Company Revenue
- 10.5.3 Products
- 10.5.4 Recent Developments
10.6. TransCore
- 10.6.1 Company Overview
- 10.6.2 Company Revenue
- 10.6.3 Products
- 10.6.4 Recent Developments
10.7. Thales
- 10.7.1 Company Overview
- 10.7.2 Company Revenue
- 10.7.3 Products
- 10.7.4 Recent Developments
10.8. Siemens
- 10.8.1 Company Overview
- 10.8.2 Company Revenue
- 10.8.3 Products
- 10.8.4 Recent Developments
10.9. Cubic Corporation
- 10.9.1 Company Overview
- 10.9.2 Company Revenue
- 10.9.3 Products
- 10.9.4 Recent Developments
10.10. Mitsubishi Heavy Industries Ltd.
- 10.10.1 Company Overview
- 10.10.2 Company Revenue
- 10.10.3 Products
- 10.10.4 Recent Developments
10.11. Neology Inc.
- 10.11.1 Company Overview
- 10.11.2 Company Revenue
- 10.11.3 Products
- 10.11.4 Recent Developments
10.12. Toshiba Infrastructure Systems & Solutions Corporation
- 10.12.1 Company Overview
- 10.12.2 Company Revenue
- 10.12.3 Products
- 10.12.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies