Electronic Toll Collection System Market to Grow at a CAGR of 10.5% to reach US$ 10,604.7 Million from 2021 to 2028

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

Publication Month : Oct 2021

  • Report Code : TIPRE00002764
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 176
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The electronic toll collection system market was valued at US$ 5,266.4 million in 2021 and is projected to reach US$ 10,604.7 million by 2028; it is expected to grow at a CAGR of 10.5% from 2021 to 2028.

The toll collection centers are strategically placed toll plazas or collection units that are levied to fulfill tax collection, congestion management, or maintenance fees for public infrastructure, among other revenue collection techniques. As a result, the volume of traffic flow plays a crucial role in determining the location of toll plazas and requires a robust and effective toll collection solution which will rise the adoption for the same. However, the past few years have witnessed a surge in congestion at toll plazas due to the increase in the number of vehicles passing through the tolls. As a result, the toll plazas end up attributing to more fuel consumption for cars and increased vehicular pollution due to the congestion. Also, the delays generally caused at the toll gateways elevate the risk of vehicle accidents and safety to compensate for the loss of time incurred at the congestion. Toll collection system projects constitute a public-private partnership model where government agencies or state bodies usually decide toll pricing. Also, the objective of toll collection has a profound influence over the vehicle classification and dynamic pricing for different categories of frequent travelers.

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Electronic Toll Collection System Market: Strategic Insights

Market Size Value inUS$ 5,266.4 Million in 2021
Market Size Value byUS$ 10,604.7 Million by 2028
Growth rateCAGR of 10.5% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Impact of COVID-19 Pandemic on Electronic Toll Collection System Market

The COVID-19 outbreak has negatively affected the overall growth rate of the global electronic toll collection system market in 2020. This can be attributed to the decline in revenue of companies operating in the market, owing to supply and demand disruptions across the value chain. However, in 2021, with the relaxation of lockdown restrictions and the beginning of the vaccination process, the shipment of raw materials has started again. Many countries and toll collecting companies have adopted digital transformation to effectively run their business in these challenging times. Electronic toll collection system providers are also focusing on bringing new solutions, partnerships, and collaborations to overcome the COVID-19 outbreak. Therefore, this factor is helping in creating a positive scenario in the growth of the global electronic toll collection system market.

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Market Insights – Electronic Toll Collection System Market

Increase in Demand for Interoperable Electronic Tolling Systems

The toll collection centers are strategically placed toll plazas or collection units that are levied to fulfill tax collection, congestion management, or maintenance fees for public infrastructure, among other revenue collection techniques. However, state and central government agencies' joint efforts for initiating a streamlined transit transaction process across toll gateways, plazas, parking systems, and traffic management have gained traction in the past few years. Also, the adoption of a complete interoperable toll collection system could have application across parking fees payment at airports, malls, bus stations, and intelligent transportation services, among other innovative services. Thus, there is an increase in demand for interoperable and robust electronic toll collection by the government and state agencies, which is projected to fuel the need for electronic toll collection systems.

Technology-Based Insights

Based on technology, the electronic toll collection system market is segmented into ANPR, GNSS, DSRC, and others. The DSRC segment held the largest market share in 2020.

Players operating in the electronic toll collection system market are mainly focused on the development of advanced and efficient products.

  • In July 2021, Neology, Inc. announced an expanded, multi-year agreement with the Norwegian Public Roads Administration (NPRA) for its traffic enforcement solutions driven by the latest in mobile ANPR camera and artificial intelligence (AI) technology to support real-time analytics and decision making. Neology's ANPR safer community solutions provide enhanced performance, creating immediate impact where other solutions fail. The dual-camera system, coupled with advanced AI-powered vehicle recognition technology, enables officers to detect and focus on non-compliant vehicles with enhanced vision system capabilities.
  • In May 2021, Slovenian Motorway Company DARS and SkyToll signed a contract to develop and operate an electronic vignette system. SkyToll won the tender with a bid of EUR 15.7 million to develop a system for the payment of electronic vignettes and provide five-year technological support to the system.

The electronic toll collection system market has been segmented as follows:

Electronic Toll Collection System Market – by Offering

  • Hardware Equipment
  • Service

Electronic Toll Collection System Market – by Technology       

  • ANPR
  • GNSS
  • DSRC
  • Others

Electronic Toll Collection System Market – by Application       

  • Highways
  • Urban Area

Electronic Toll Collection System Market – by Geography

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

Electronic Toll Collection System Market – Company Profiles

  • Continuum Electroproducts LLP
  • Conduent, Inc.
  • Efkon GmbH
  • Kapsch Trafficcom AG
  • Mitsubishi Heavy Industries Machinery Systems, LTD.
  • Neology
  • Qualix Information System
  • Skytoll
  • Siemens AG
  • Thales Group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Offering, Technology

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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

What are key driving factors behind electronic toll collection system market growth?

Increase in demand for interoperable electronic tolling systems, long term economic and safety benefits, demand for effective traffic management at toll plaza in emerging economies, and investment in mobile and satellites-based GPS systems are some of the factors driving the electronic toll collection system market.

What are key market opportunities for electronic toll collection system market?

The state of road infrastructure plays a crucial role in the growth of the economy as it connects the important cities, towns, and metropolitan cities for freight transportation by road. Moreover, the continuous maintenance, expansion as well as improvement in expressways, highways, bridges, and tunnels ensure the continuous uninterrupted movement of goods that contribute towards their value-add to the GDP of a country. However, matching of road infrastructure growth along with the number of registered vehicles can be quite challenging for the administrators. As a result, the central or state government agency deploy various tolls, fees, the tax levied across strategic locations on roadways for financing new infrastructure, maintenance, controlling traffic, and management of congestion of vehicles to name a few objectives of toll gateways.

Which deployment type is expected to dominate the market in the forecast period?

The global electronic toll collection system market was dominated by the DSRC segment with market share of more than 51% in 2020. Among developing economies especially in Asian countries the surge in traffic at toll collection centers is driving the adoption of these RFID based systems owing to their easy maintenance and low costs. Also, the systems can efficiently function despite bad weather, poor image detection or subjected to privacy concerns, unlike GNSS and ANPR based systems.

Which region has dominated the electronic toll collection system market in 2020?

In 2020, Europe led the market with a substantial revenue share, followed by North America and APAC. Asia Pacific is a prospective market for electronic toll collection system market players.

Which are the major companies operating in the electronic toll collection system market?

The major companies in electronic toll collection system includes Conduent, Inc.; Kapsch; Thales Group; Mitsubishi Heavy Industries Machinery Systems, Ltd.; and Neology. The listing of these five key players is derived by considering following key parameters: overall revenue, segmental revenue, brand image & industry expertise, current electronic toll collection system portfolio and related products, customer base, geographical reach, research and development investments, patents, technology integration, new product launches, partnerships, mergers & acquisitions and other market related activities.

Which are the major technologies used in electronic toll collection system?

The popularity of RFID (Radio Frequency Identification) based system seems evident from the current list of offering form the leading players. As a result, the DSRC (Dedicated Short-Range Communication) communication system has enjoyed a significant market share over the past few decades owing to easy maintenance, low cost of capital expenditure as well as operation. Automatic number plate recognition system and global navigational satellite system are other technologies used in electronic toll collection system market.

The List of Companies - Electronic Toll Collection Systems Market

  1. Continuum Electroproducts LLP
  2. Conduent, Inc.
  3. Efkon GmbH
  4. Kapsch Trafficcom AG
  5. Mitsubishi Heavy Industries Machinery Systems, LTD.
  6. Neology
  7. Qualix Information System
  8. Skytoll
  9. Siemens AG
  10. Thales Group


The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

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:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

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.

  1. 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:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 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.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. 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.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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