$4550
$2730
The automatic tolling system market is expected to grow from US$ 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
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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 (%)
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- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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.
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Automatic Tolling System Market: Strategic Insights
Market Size Value in US$ 7,678.8 Million in 2021 Market Size Value by US$ 11,065.6 Million by 2028 Growth rate CAGR of 5.4% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automatic Tolling System Market: Strategic Insights
Market Size Value in | US$ 7,678.8 Million in 2021 |
Market Size Value by | US$ 11,065.6 Million by 2028 |
Growth rate | CAGR of 5.4% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystThe 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering and Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
The List of Companies - Automatic Tolling System Market
- Conduent Business Services, LLC
- Efkon GmbH
- Feig Electronic
- Mitsubishi Heavy Industries Machinery Systems, Ltd.
- Neology, Inc
- Raytheon technologies corporation
- Siemens mobility
- STMicroelectronics
- Thales group
- Transcore
- IBI group
- Iteris, Inc
- Tecsidel, S.A.
- Indra Sistemas
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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