Automatic Tolling System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Offering (Hardware, and Services) and Type (Unmanned Self-Service Automated Tollbooth Collection Systems, Unmanned Automated Toll Booth Collection Systems, and Unmanned Wireless Automated Toll Booth Collection Systems)

Publication Month: Jun 2021 | Report Code: TIPRE00023227 | No. of Pages: 156 | Category: Automotive and Transportation | Status: Published

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The automatic tolling system market is expected to grow from US$ 7,678.8 million in 2021 to US$ 11,065.6 million by 2028; it is estimated to grow at a CAGR of 5.4% during 2021–2028.

 

Digitalization of toll collection can be witnessed across the world. Italy, China, Japan, Australia, the UK, Canada, Mexico, and many more are involved using electronic toll systems. For instance, the Korea Expressway Corporation operates hi-pass system for automatic toll collection on all the national express roads and numerous BTO/BTL roads in South Korea. Similarly, Japan has executed electronic tolling collection system nearly two decades ago. In China, over 100 million drivers are equipped with electronic toll collection devices to pay toll fee automatically on the country’s highways. The electronic toll collection system is serving as a platform for smart road technology. In 2019, approximately 2,500 highways nationwide were under construction to install electronic toll collection machines. As per the Chinese government, the number of drivers in China utilizing electronic toll collection system was anticipated to grow and reach 180 million by 2019 end. Such huge estimation regarding the adoption of electronic tolling collection systems will help enabling the market growth.

 

Impact of COVID-19 Pandemic on Automatic Tolling System Market

The COVID-19 pandemic has shaken several industries. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicles and human’s movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities.

 

The worldwide lockdown to minimize the transmission of virus has significantly disrupted the supply chain activities. Further, there is a restriction on foreign trades due to the lockdown of international borders, non-operational distribution channels, and various government laws to take precautionary measures for public health and safety.

 

Automatic tolling systems combine multiple electronic components and devices, such as transponders, cameras, RFID chips, controllers, and processors. Major suppliers of parts and raw materials are from countries such as China and the US, which are among the worst affected countries due to COVID-19. As a result of the pandemic, strict lockdowns are enforced as preventive measures, thereby directly impacting the supply chain of electronic components and devices. Thus, the delay in the supply of raw materials to manufacturers who meet the requirements of tolling system integrators is expected to cause sequential effects in the year 2020. However, in 2021, with the uplifting of lockdowns and vaccination process, the shipment of raw materials has started again. Therefore, this factor is helping in creating a positive scenario in the growth of global automatic tolling system market.

 

Lucrative Regions for Automatic Tolling System Providers

Lucrative Regions for Automatic Tolling System Providers

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Automatic Tolling System Market Insights

 

Long-term economic and safety benefits

The toll collection centers are strategically placed toll plazas or collection units that are levied for tax collection, congestion management or maintenance fees for public infrastructure. The volume of traffic flow plays a crucial role in determining the location of toll plazas and subsequently requires a robust and effective toll collection solution. Over the past few years, a surge in congestion at toll plazas has been witnessed due to the increase in the number of vehicles crossing through the tolls. As a result, the toll plazas end up attributing to more fuel consumption for cars and high vehicular pollution due to congestion. For instance, according to a joint study conducted by Transport Corporation of India and Indian Institute of Management, Calcutta (IIM-C), India consumed US$ 14.7 billion worth of additional fuel due to lack of efficiency in freight transportation by road in the country in 2015. Moreover, the delays amounted to almost US$ 6.6 billion to the Indian economy.  Also, the delays generally caused at the toll gateways elevates the risk of vehicle accidents and safety to compensate for the loss of time incurred at the congestion.

 

As a result, an electronic toll collection offers a competent alternative solution to the current manual toll for minimizing the congestion at toll gateways and providing seamless transit transaction without the need of supervision. The electronic toll collection systems operate an account-based system that automatically identifies, classifies, and subsequently charges the vehicle owner as per the agency regulations without the need to stop at the toll plazas. The effective deployment of ETC systems has versatile benefits such as vehicular pollution, congestion management, seamless transit transactions, and intelligent transportation services at expressways. Thus, the long-term benefits associated with the adoption of ETC systems is driving the market penetration of these systems across various emerging economies and is likely to provide profitable business opportunities for the market players during the forecast period.

 

Offering - Based Market Insights

Based on offering, the automatic tolling system market is segmented into hardware and services. The services segment led the automated tolling system market. With continuous deployment of electronic and automatic tolling system in both developed & developing economies, the scope of services to run tolling system will continue to rise.

 

Automatic Tolling System Market, by Offering, 2020 and 2028 (%)

Automatic Tolling System Market, by Offering, 2020 and 2028 (%)

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Type-Based Market Insights

Based on type, the automatic tolling system market is segmented into unmanned self-service automated toll booth collection system, unmanned automated toll booth collection system, and unmanned wireless automated toll booth collection system. The unmanned automated toll booth collection system segment led the automated tolling system market.

 

Strategic Insights

The players operating in the automatic tolling system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

 

  • In June 2021, STMicroelectronics has begun delivering the first Stellar SR6 automotive microcontrollers (MCUs) for automotive industry leaders to support the next generation of advanced vehicle electronics to deliver new levels of performance and safety.
  • In May 2021, Indra company has been awarded the contract to supply all the traffic management technology, intelligent transport systems, communications and toll systems for a major new highway in South America, thus expanding its operations further.

 

The global automatic tolling system market has been segmented as mentioned below:


By Offering

  • Hardware
  • Services

 

By Type

  • Unmanned Self-Service Automated Tollbooth Collection System
  • Unmanned Automated Toll Booth Collection System
  • Unmanned Wireless Automated Toll Booth Collection System

 

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

 

Company Profiles

  • Mitsubishi Heavy Industries Machinery Systems, LTD.
  • Raytheon Technologies Corporation
  • STMicroelectronics N.V.
  • Thales Group
  • Indra Sistemas, S.A.
  • Conduent Business Services, LLC
  • Neology Inc.
  • Feig Electronic
  • Siemens Mobility
  • IBI Group
  • Tecsidel, S.A.
  • Iteris, Inc.
  • TransCore, LP
  • EFKON GmbH

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.            Automatic Tolling System Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        Asia Pacific

4.2.4        Middle East & Africa

4.2.5        South America

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.            Automatic Tolling System Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Digitalization of toll collection

5.1.2        Long-term economic and safety benefits

5.2       Market Restraints

5.2.1        Possibility of leakage and high CapEx & OpEx costs

5.3       Market Opportunities

5.3.1        Surging demand for effective toll management systems in emerging economies

5.4       Future Trends

5.4.1        Emergence of new technologies to make highly advanced tolling systems

5.5       Impact Analysis of Drivers and Restraints

6.            Automatic Tolling System Market – Global Analysis

6.1       Automatic Tolling System Market Overview

6.2       Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

6.3       Market Positioning – Five Key Players

7.            Automatic Tolling System Market Analysis – By Offering

7.1       Overview

7.2       Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)

7.3       Hardware

7.3.1        Overview

7.3.2        Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

7.4       Services

7.4.1        Overview

7.4.2        Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

8.            Automatic Tolling System Market Analysis – By Type

8.1       Overview

8.2       Automatic Tolling System Market Breakdown, By Type (2020 and 2028)

8.3       Unmanned Self-Service Automated Toll Booth Collection System

8.3.1        Overview

8.3.2        Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

8.4       Unmanned Automated Toll Booth Collection System

8.4.1        Overview

8.4.2        Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

8.5       Unmanned Wireless Automated Toll Booth Collection System

8.5.1        Overview

8.5.2        Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

9.            Automatic Tolling System Market – Geographic Analysis

9.1       Overview

9.2       North America: Automatic Tolling System Market

9.2.1        North America: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.2.2        North America: Automatic Tolling System Market, by Offering

9.2.3        North America: Automatic Tolling System Market, by Type

9.2.4        North America: Automatic Tolling System Market, by Key Country

9.2.4.1      US: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1      US: Automatic Tolling System Market, by Offering

9.2.4.1.2      US: Automatic Tolling System Market, by Type

9.2.4.2      Canada: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1      Canada: Automatic Tolling System Market, by Offering

9.2.4.2.2      Canada: Automatic Tolling System Market, by Type

9.2.4.3      Mexico: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1      Mexico: Automatic Tolling System Market, by Offering

9.2.4.3.2      Mexico: Automatic Tolling System Market, by Type

9.3       Europe: Automatic Tolling System Market

9.3.1        Europe: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2        Europe: Automatic Tolling System Market, by Offering

9.3.3        Europe: Automatic Tolling System Market, by Type

9.3.4        Europe: Automatic Tolling System Market, by Key Country

9.3.4.1      Germany: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1      Germany: Automatic Tolling System Market, by Offering

9.3.4.1.2      Germany: Automatic Tolling System Market, by Type

9.3.4.2      France: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1      France: Automatic Tolling System Market, by Offering

9.3.4.2.2      France: Automatic Tolling System Market, by Type

9.3.4.3      Italy: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1      Italy: Automatic Tolling System Market, by Offering

9.3.4.3.2      Italy: Automatic Tolling System Market, by Type

9.3.4.4      UK: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1      UK: Automatic Tolling System Market, by Offering

9.3.4.4.2      UK: Automatic Tolling System Market, by Type

9.3.4.5      Russia: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1      Russia: Automatic Tolling System Market, by Offering

9.3.4.5.2      Russia: Automatic Tolling System Market, by Type

9.3.4.6      Rest of Europe: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1      Rest of Europe: Automatic Tolling System Market, by Offering

9.3.4.6.2      Rest of Europe: Automatic Tolling System Market, by Type

9.4       Asia Pacific: Automatic Tolling System Market

9.4.1        Asia Pacific: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.2        Asia Pacific: Automatic Tolling System Market, by Offering

9.4.3        Asia Pacific: Automatic Tolling System Market, by Type

9.4.4        Asia Pacific: Automatic Tolling System Market, by Key Country

9.4.4.1      Australia: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1      Australia: Automatic Tolling System Market, by Offering

9.4.4.1.2      Australia: Automatic Tolling System Market, by Type

9.4.4.2      China: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1      China: Automatic Tolling System Market, by Offering

9.4.4.2.2      China: Automatic Tolling System Market, by Type

9.4.4.3      India: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1      India: Automatic Tolling System Market, by Offering

9.4.4.3.2      India: Automatic Tolling System Market, by Type

9.4.4.4      Japan: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1      Japan: Automatic Tolling System Market, by Offering

9.4.4.4.2      Japan: Automatic Tolling System Market, by Type

9.4.4.5      South Korea: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1      South Korea: Automatic Tolling System Market, by Offering

9.4.4.5.2      South Korea: Automatic Tolling System Market, by Type

9.4.4.6      Rest of Asia Pacific: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1      Rest of Asia Pacific: Automatic Tolling System Market, by Offering

9.4.4.6.2      Rest of Asia Pacific: Automatic Tolling System Market, by Type

9.5       Middle East & Africa (MEA): Automatic Tolling System Market

9.5.1        MEA: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.5.2        MEA: Automatic Tolling System Market, by Offering

9.5.3        MEA: Automatic Tolling System Market, by Type

9.5.4        MEA: Automatic Tolling System Market, by Key Country

9.5.4.1      South Africa: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1      South Africa: Automatic Tolling System Market, by Offering

9.5.4.1.2      South Africa: Automatic Tolling System Market, by Type

9.5.4.2      Saudi Arabia: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1      Saudi Arabia: Automatic Tolling System Market, by Offering

9.5.4.2.2      Saudi Arabia: Automatic Tolling System Market, by Type

9.5.4.3      UAE: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1      UAE: Automatic Tolling System Market, by Offering

9.5.4.3.2      UAE: Automatic Tolling System Market, by Type

9.5.4.4      Rest of MEA: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1      Rest of MEA: Automatic Tolling System Market, by Offering

9.5.4.4.2      Rest of MEA: Automatic Tolling System Market, by Type

9.6       South America: Automatic Tolling System Market

9.6.1        South America: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.6.2        South America: Automatic Tolling System Market, by Offering

9.6.3        South America: Automatic Tolling System Market, by Type

9.6.4        South America: Automatic Tolling System Market, by Key Country

9.6.4.1      Brazil: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1      Brazil: Automatic Tolling System Market, by Offering

9.6.4.1.2      Brazil: Automatic Tolling System Market, by Type

9.6.4.2      Argentina: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1      Argentina: Automatic Tolling System Market, by Offering

9.6.4.2.2      Argentina: Automatic Tolling System Market, by Type

9.6.4.3      Rest of SAM: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1      Rest of SAM: Automatic Tolling System Market, by Offering

9.6.4.3.2      Rest of SAM: Automatic Tolling System Market, by Type

10.         Automatic Tolling System Market- COVID-19 Impact Analysis

10.1    Overview

10.1.1     North America: Impact Assessment of COVID-19 Pandemic

10.1.2     Europe: Impact Assessment of COVID-19 Pandemic

10.1.3     Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.1.4     MEA: Impact Assessment of COVID-19 Pandemic

10.1.5     SAM: Impact Assessment of COVID-19 Pandemic

11.         Industry Landscape

11.1    Overview

11.2    Market Initiative

11.3    New Development

12.         Company Profiles

12.1    Mitsubishi Heavy Industries Machinery Systems, LTD.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    Raytheon Technologies Corporation

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    STMicroelectronics N.V.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Thales Group

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Indra Sistemas, S.A.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    Conduent Business Services, LLC

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Neology Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Feig Electronic

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Siemens Mobility

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 IBI Group

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

12.11 Tecsidel, S.A.

12.11.1   Key Facts

12.11.2   Business Description

12.11.3   Products and Services

12.11.4   Financial Overview

12.11.5   SWOT Analysis

12.11.6   Key Developments

12.12 Iteris, Inc.

12.12.1   Key Facts

12.12.2   Business Description

12.12.3   Products and Services

12.12.4   Financial Overview

12.12.5   SWOT Analysis

12.12.6   Key Developments

12.13 TransCore, LP

12.13.1   Key Facts

12.13.2   Business Description

12.13.3   Products and Services

12.13.4   Financial Overview

12.13.5   SWOT Analysis

12.13.6   Key Developments

12.14 EFKON GmbH

12.14.1   Key Facts

12.14.2   Business Description

12.14.3   Products and Services

12.14.4   Financial Overview

12.14.5   SWOT Analysis

12.14.6   Key Developments

13.         Appendix

13.1    About The Insight Partners

13.2    Word Index


LIST OF TABLES

Table 1.            Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.            North America: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 3.            North America: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.            US: Automatic Tolling System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 5.            US: Automatic Tolling System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 6.            Canada: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 7.            Canada: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.            Mexico: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 9.            Mexico: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Europe: Automatic Tolling System Market, by Offering– Revenue and Forecast to 2028 (US$ Million)

Table 11.          Europe: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Germany: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Germany: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          France: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 15.          France: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Italy: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 17.          Italy: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 18.          UK: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 19.          UK: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Russia: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 21.          Russia: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 22.          Rest of Europe: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 23.          Rest of Europe: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 24.          Asia Pacific: Automatic Tolling System Market, by Offering– Revenue and Forecast to 2028 (US$ Million)

Table 25.          Asia Pacific: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 26.          Australia: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 27.          Australia: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 28.          China: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 29.          China: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 30.          India: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 31.          India: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 32.          Japan: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 33.          Japan: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 34.          South Korea: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 35.          South Korea: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 36.          Rest of Asia Pacific: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 37.          Rest of Asia Pacific: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 38.          MEA Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (USD Million)

Table 39.          MEA: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 40.          South Africa: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 41.          South Africa: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 42.          Saudi Arabia: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 43.          Saudi Arabia: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 44.          UAE: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 45.          UAE: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 46.          Rest of MEA: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 47.          Rest of MEA: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 48.          South America: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 49.          South America: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 50.          Brazil: Automatic Tolling System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 51.          Brazil: Automatic Tolling System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 52.          Argentina: Automatic Tolling System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 53.          Argentina: Automatic Tolling System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 54.          Rest of SAM: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 55.          Rest of SAM: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 56.          List of Abbreviation

 

LIST OF FIGURES

Figure 1.           Automatic Tolling System Market Segmentation

Figure 2.           Automatic Tolling System Market Segmentation – By Geography

Figure 3.           Global Automatic Tolling System Market Overview

Figure 4.           Services Segment held the largest share in 2020

Figure 5.           Automated Toll Booth Collection System Segment held the largest share in 2020

Figure 6.           Europe held the largest share in 2020

Figure 7.           North America: PEST Analysis

Figure 8.           Europe: PEST Analysis

Figure 9.           Asia Pacific: PEST Analysis

Figure 10.        Middle East & Africa: PEST Analysis

Figure 11.        South America: PEST Analysis

Figure 12.        Automatic Tolling System Market – Ecosystem Analysis

Figure 13.        Expert Opinion

Figure 14.        Impact Analysis of Drivers and Restraints

Figure 15.        Automatic Tolling System Market – Geographic Analysis

Figure 16.        Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)

Figure 18.        Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Automatic Tolling System Market Breakdown, By Type (2020 and 2028)

Figure 21.        Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Global Automatic Tolling System Market Revenue Share, by Region (2020 and 2028)

Figure 25.        North America: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        North America: Automatic Tolling System Market Revenue Share, by Offering (2020 and 2028)

Figure 27.        North America: Automatic Tolling System Market Revenue Share, by Type (2020 and 2028)

Figure 28.        North America: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)

Figure 29.        US: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Canada: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Mexico: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32.        Europe: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Europe: Automatic Tolling System Market Revenue Share, by Offering (2020 and 2028)

Figure 34.        Europe: Automatic Tolling System Market Revenue Share, by Type (2020 and 2028)

Figure 35.        Europe: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)

Figure 36.        Germany: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37.        France: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38.        Italy: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39.        UK: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40.        Russia: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41.        Rest of Europe: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42.        Asia Pacific: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43.        Asia Pacific: Automatic Tolling System Market Revenue Share, by Offering (2020 and 2028)

Figure 44.        Asia Pacific: Automatic Tolling System Market Revenue Share, by Type (2020 and 2028)

Figure 45.        Asia Pacific: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)

Figure 46.        Australia: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47.        China: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48.        India: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49.        Japan: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 50.        South Korea: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51.        Rest of Asia Pacific: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52.        MEA: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53.        MEA: Automatic Tolling System Market Revenue Share, by Offering (2020 and 2028)

Figure 54.        MEA: Automatic Tolling System Market Revenue Share, by Type (2020 and 2028)

Figure 55.        MEA: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)

Figure 56.        South Africa: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57.        Saudi Arabia: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58.        UAE: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59.        Rest of MEA: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 60.        South America: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61.        South America: Automatic Tolling System Market Revenue Share, by Offering (2020 and 2028)

Figure 62.        South America: Automatic Tolling System Market Revenue Share, by Type (2020 and 2028)

Figure 63.        South America: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)

Figure 64.        Brazil: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65.        Argentina: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66.        Rest of SAM: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67.        Impact of COVID-19 Pandemic in North American Country Markets

Figure 68.        Impact of COVID-19 Pandemic in Europe Country Markets

Figure 69.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 70.        Impact of COVID-19 Pandemic in MEA Country Markets

Figure 71.        Impact of COVID-19 Pandemic in SAM Country Markets

 

The List of Companies - Automatic Tolling System Market

  1. Conduent Business Services, LLC
  2. Efkon GmbH
  3. Feig Electronic
  4. Mitsubishi Heavy Industries Machinery Systems, Ltd.
  5. Neology, Inc
  6. Raytheon technologies corporation
  7. Siemens mobility
  8. STMicroelectronics
  9. Thales group
  10. Transcore
  11. IBI group
  12. Iteris, Inc
  13. Tecsidel, S.A.
  14. Indra Sistemas

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global automatic tolling 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 global automatic tolling 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 global market trends and outlook coupled with the factors driving the 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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Frequently Asked Questions

Presently, Europe held the largest share of the global automatic tolling system market. The new advanced technologies in toll collection for smoother flow of vehicles are widely adopted in Europe. For instance, Toll4Europe provides European electronic tolling service (EETS) tolling system and offers a range of smart value-added services. The EETS system has linked two main technologies—Global navigation satellite-based system (GNSS) and dedicated short-range communication (DSRC). Further, The Siemens Mobility & Logistics company is implementing GNSS Tolling Solution in countries such as France, Austria, and Slovakia. EFKON GmbH, FEIG ELECTRONIC GmbH, Siemens Mobility GmbH, STMicroelectronics, Thales Group, and Indra Sistemas SA are among the other prominent players of automatic tolling system in Europe.

Digitalization of toll collection can be witnessed across the globe. Italy, China, Japan, Australia, the UK, Canada, Mexico, and many more are involved using electronic toll systems. For instance, the Korea Expressway Corporation operates hi-pass system for automatic toll collection on all the national express roads and numerous BTO/BTL roads in South Korea. Similarly, Japan has executed electronic tolling collection system nearly two decades ago. In September 2020, Singapore has declared about their plans to commence with deploying satellite-based Electronic Road Pricing network that would remove the need of physical gantries. Such developments are boosting digitalization at tolls

The unmanned automated toll booth collection system is leading the global automatic tolling system market. The unmanned automated toll booths generally have no toll gate. These toll systems look more like lanes and are usually marked specifically for drivers with a toll account linked to a toll pass. The drivers with toll passes are able to drive through the marked lane where an RFID reader can read the RFID tag located on the vehicle.

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