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Asia Pacific Electronic Toll Collection System Market

2021

Asia Pacific Electronic Toll Collection System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Hardware Equipment and Service), Technology (ANPR, GNSS, DSRC, and Others), and Application (Highways and Urban Zones)

Publication Month: Nov 2021 | Report Code: TIPRE00025770 | No. of Pages: 143 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Asia Pacific Electronic Toll Collection System Market to Grow at a CAGR of 11.8% to reach US$ 2,345.77 million Million from 2021 to 2028

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The electronic toll collection system market in APAC is expected to grow from US$ 1,072.94 million in 2021 to US$ 2,345.77 million by 2028; it is estimated to grow at a CAGR of 11.8% from 2021 to 2028.

Australia, China, India Japan, and South Korea are major economies in APAC. Significant Investment in mobile and satellites-based GPS technologies is increasing which is the major factor driving the growth of the APAC electronic toll collection system market. The commercialization of global positioning systems (GPS or GNSS) has substantially broadened its scope of application in various daily activities. For instance, the use of GPS systems installed onboard vehicles could also be utilized for toll collection purposes thereby effectively eliminating the need for any tolling infrastructure or system requirements. Moreover, other benefits such as low cost per transaction, maintainability, accessibility to web-based account and no infrastructure required for integration of new route among other advantages are expected to drive the GPS based toll collection systems. In addition, the availability of cost of sharing the GPS technology owing to sharing of service also lowers the cost of maintenance and operational costs of this systems. Thus, providing a substantial advantage over the existing toll collection systems. However, the recent growing awareness towards data privacy, data protection regulations and its ability to enforce violation are expected to restrict the penetration of this technology to a wider audience. As a result, the post subsequent improvements in data privacy and protection are achieved and regulated by the government, the technology is expected to provide profitable opportunities for the market players.

The COVID-19 outbreak that emerged in China has affected several neighboring countries like India, South Korea, and Japan. The COVID-19 outbreak has significantly affected the electronic toll collection market in 2020. The imposition of a ban on commercial activities disrupted the industrial supply chains in APAC, leading to raw material shortages. As the electronic toll collection includes various semiconductor components such as cameras, and most of these components are produced in China and other countries of APAC, which were severely affected by the COVID-19 pandemic. There are also restrictions on international trade as lockdowns are imposed on the borders of countries. All these factors have limited transportation and traveling on the road, which has limited the growth of the market in the region in 2020. The pandemic has boosted the digital transformation of industries; companies are focusing more on digital platforms to interact with their customers. Also, the companies are expanding their services in other regions. Governments of this region are adopting cashless solutions for electronic toll collections. For instance, the National Payments Corporation of India (NPCI) has initiated the emergence of the digital payment ecosystems in India, launching innovative and successful initiatives such as UPI, IMPS, Bharat Bill Pay, and electronic toll collection through FASTags.However, in 2021, with the release of lockdown restrictions and the beginning of the vaccination process, the shipment of raw materials has started again, and the construction of highways has also begun. This will lead the growth of the electronic toll collection market in the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC electronic toll collection system market. The APAC electronic toll collection system market is expected to grow at a good CAGR during the forecast period.

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APAC Electronic Toll Collection System Market Segmentation

APAC Electronic Toll Collection System Market – By Offering

  • Hardware Equipment
  • Service

APAC Electronic Toll Collection System Market – By Technology

  • ANPR
  • GNSS
  • DSRC
  • Others

APAC Electronic Toll Collection System Market – By Application

  • Highways
  • Urban Area

APAC Electronic Toll Collection System Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC

APAC Electronic Toll Collection System Market - Companies Mentioned

  • Conduent, Inc.
  • CONTINUUM ELECTROPRODUCTS LLP
  • Efkon GmbH
  • Kapsch Trafficcom AG
  • Mitsubishi Heavy Industries Machinery Systems, LTD
  • QUALIX INFORMATION SYSTEM
  • Siemens AG
  • Thales Group

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. APAC Electronic Toll Collection System Market Landscape

4.1 Market Overview

4.2 APAC PEST Analysis

4.2.1 Ecosystem Analysis

4.3 Expert Opinion

5. APAC Electronic Toll Collection System Market – Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Economic and safety benefits for future

5.1.2 Popularity for interoperable electronic tolling systems is growing

5.2 Key Market Restraints

5.2.1 Potential chances of leakage including high CapEx & OpEx costs

5.2.2 ETC systems suffer from inadequate standardisation and analysis techniques

5.3 Key Market Opportunities

5.3.1 High demand for effective traffic management at toll plaza in developing countries

5.4 Future Trends

5.4.1 Significant Investment in mobile and satellites-based GPS technologies

5.5 Impact Analysis of Drivers and Restraints

6. Electronic Toll Collection System Market – APAC Analysis

6.1 APAC Electronic Toll Collection System Market Overview

6.2 APAC Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

7. APAC Electronic Toll Collection System Market Analysis – By Offering

7.1 Overview

7.2 APAC Electronic Toll Collection System Market, By Offering (2020 and 2028)

7.3 Hardware Equipment

7.3.1 Overview

7.3.2 Hardware Equipment: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Service

7.4.1 Overview

7.4.2 Service: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

8. APAC Electronic Toll Collection System Market – By Technology

8.1 Overview

8.2 APAC Electronic Toll Collection System Market, by Technology (2020 and 2028)

8.3 ANPR

8.3.1 Overview

8.3.2 ANPR: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

8.4 GNSS

8.4.1 Overview

8.4.2 GNSS: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

8.5 DSRC

8.5.1 Overview

8.5.2 DSRC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

9. APAC Electronic Toll Collection System Market – By Application

9.1 Overview

9.2 APAC Electronic Toll Collection System Market, by Application (2020 and 2028)

9.3 Highways

9.3.1 Overview

9.3.2 Highways: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Urban Zones

9.4.1 Overview

9.4.2 Urban Zones: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

10. APAC Electronic Toll Collection System Market – Country Analysis

10.1 Overview

10.1.1 APAC: Electronic Toll Collection System Market- by Key Country

10.1.1.1 Australia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Australia: Electronic Toll Collection System Market- by Offering

10.1.1.1.2 Australia: Electronic Toll Collection System Market- By Technology

10.1.1.1.3 Australia: Electronic Toll Collection System Market- By Application

10.1.1.2 China: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 China: Electronic Toll Collection System Market- by Offering

10.1.1.2.2 China: Electronic Toll Collection System Market- By Technology

10.1.1.2.3 China: Electronic Toll Collection System Market- By Application

10.1.1.3 India: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 India: Electronic Toll Collection System Market- by Offering

10.1.1.3.2 India: Electronic Toll Collection System Market- By Technology

10.1.1.3.3 India: Electronic Toll Collection System Market- By Application

10.1.1.4 Japan: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.4.1 Japan: Electronic Toll Collection System Market- by Offering

10.1.1.4.2 Japan: Electronic Toll Collection System Market- By Technology

10.1.1.4.3 Japan: Electronic Toll Collection System Market- By Application

10.1.1.5 South Korea: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.5.1 South Korea: Electronic Toll Collection System Market- by Offering

10.1.1.5.2 South Korea: Electronic Toll Collection System Market- By Technology

10.1.1.5.3 South Korea: Electronic Toll Collection System Market- By Application

10.1.1.6 Rest of APAC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.6.1 Rest of APAC: Electronic Toll Collection System Market- by Offering

10.1.1.6.2 Rest of APAC: Electronic Toll Collection System Market- By Technology

10.1.1.6.3 Rest of APAC: Electronic Toll Collection System Market- By Application

11. APAC Electronic Toll Collection System Market- COVID-19 Impact Analysis

11.1 APAC

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Merger and acquisition

12.4 New Product Development

13. Company Profiles

13.1 CONTINUUM ELECTROPRODUCTS LLP

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Conduent, Inc.

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Financial Overview

13.2.4 SWOT Analysis

13.2.5 Key Developments

13.3 EFKON GmbH

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Kapsch TrafficCom AG

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Mitsubishi Heavy Industries Machinery Systems, LTD.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 QUALIX INFORMATION SYSTEM

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Siemens Mobility

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Thales Group

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. APAC Electronic Toll Collection System Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. Australia: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 3. Australia: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 4. Australia: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 5. China: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 6. China: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 7. China: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 8. India: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 9. India: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 10. India: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 11. Japan: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 12. Japan: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 13. Japan: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 14. South Korea: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 15. South Korea: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 16. South Korea: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 17. Rest of APAC: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of APAC: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of APAC: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 20. List of Abbreviation

LIST OF FIGURES

Figure 1. APAC Electronic Toll Collection System Market Segmentation

Figure 2. APAC Electronic Toll Collection System Market Segmentation – By Country

Figure 3. APAC Electronic Toll Collection System Market Overview

Figure 4. Service Segment Held the Largest Market Share in 2020

Figure 5. DSRC Held the Largest Market Share in 2020

Figure 6. Highways Held the Largest Market Share in 2020

Figure 7. China was the Largest Revenue Contributor in 2020

Figure 8. APAC – PEST Analysis

Figure 9. APAC Electronic Toll Collection System Market– Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. APAC Electronic Toll Collection System Market: Impact Analysis of Drivers and Restraints

Figure 12. APAC Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. APAC Electronic Toll Collection System Market Revenue Share, by Offering (2020 and 2028)

Figure 14. APAC Hardware Equipment: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. APAC Service Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. APAC Electronic Toll Collection System Market Revenue Share, by Technology (2020 and 2028)

Figure 17. APAC ANPR: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. APAC GNSS: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. APAC DSRC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. APAC Others: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. APAC Electronic Toll Collection System Market Revenue Share, by Application (2020 and 2028)

Figure 22. APAC Highways: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. APAC Urban Zones: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. APAC: Electronic Toll Collection System Market, by key Country – Revenue (2020) (US$ Million)

Figure 25. APAC: Electronic Toll Collection System Market Revenue Share, By Key Country (2020 and 2028)

Figure 26. Australia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. China: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. India: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Japan: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. South Korea: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Rest of APAC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Impact of COVID-19 Pandemic in APAC Country Markets

  1. Conduent, Inc.
  2. CONTINUUM ELECTROPRODUCTS LLP
  3. Efkon GmbH
  4. Kapsch Trafficcom AG
  5. Mitsubishi Heavy Industries Machinery Systems, LTD
  6. QUALIX INFORMATION SYSTEM
  7. Siemens AG
  8. Thales Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC electronic toll collection system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC electronic toll collection system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the electronic toll collection system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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