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 | No. of Pages: 176 | Category: Electronics and Semiconductor | Status: Published

    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.

    Strategic Insights

    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.

    Lucrative Regions in Electronic Toll Collection System Market

    Lucrative Regions in 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

    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. Electronic Toll Collection System Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America – PEST Analysis

    4.2.2 Europe – PEST Analysis

    4.2.3 Asia-Pacific – PEST Analysis

    4.2.4 Middle East and Africa – PEST Analysis

    4.2.5 South America – PEST Analysis

    4.3 Ecosystem Analysis

    4.4 Expert Opinion

    5. Electronic Toll Collection System Market – Key Market Dynamics

    5.1 Key Market Drivers

    5.1.1 Long term economic and safety benefits

    5.1.2 Increase in demand for interoperable electronic tolling systems

    5.2 Key Market Restraints

    5.2.1 Possibility of leakage and high CapEx & OpEx costs

    5.2.2 Lack of standardization and evaluation metrics for ETC systems

    5.3 Key Market Opportunities

    5.3.1 Potential surge in demand for effective traffic management at toll plaza in emerging economies

    5.4 Future Trends

    5.4.1 Investment in mobile and satellites based GPS systems

    5.5 Impact Analysis of Drivers and Restraints

    6. Electronic Toll Collection System Market – Global Analysis

    6.1 Electronic Toll Collection System Market Global Overview

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

    6.3 Market Positioning – Five Key Players

    7. Electronic Toll Collection System Market Analysis – By Offering

    7.1 Overview

    7.2 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. Electronic Toll Collection System Market – By Technology

    8.1 Overview

    8.2 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. Electronic Toll Collection System Market – By Application

    9.1 Overview

    9.2 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. Electronic Toll Collection System Market – Geographic Analysis

    10.1 Overview

    10.2 North America: Electronic Toll Collection System Market

    10.2.1 North America: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    10.2.2 North America: Electronic Toll Collection System Market- by Offering

    10.2.3 North America: Electronic Toll Collection System Market- By Technology

    10.2.4 North America: Electronic Toll Collection System Market- By Application

    10.2.5 North America: Electronic Toll Collection System Market- by Key Country

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

    10.2.5.1.1 US: Electronic Toll Collection System Market- by Offering

    10.2.5.1.2 US: Electronic Toll Collection System Market- By Technology

    10.2.5.1.3 US: Electronic Toll Collection System Market- By Application

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

    10.2.5.2.1 Canada: Electronic Toll Collection System Market- by Offering

    10.2.5.2.2 Canada: Electronic Toll Collection System Market- By Technology

    10.2.5.2.3 Canada: Electronic Toll Collection System Market- By Application

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

    10.2.5.3.1 Mexico: Electronic Toll Collection System Market- by Offering

    10.2.5.3.2 Mexico: Electronic Toll Collection System Market- By Technology

    10.2.5.3.3 Mexico: Electronic Toll Collection System Market- By Application

    10.3 Europe: Electronic Toll Collection System Market

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

    10.3.2 Europe: Electronic Toll Collection System Market- by Offering

    10.3.3 Europe: Electronic Toll Collection System Market- By Technology

    10.3.4 Europe: Electronic Toll Collection System Market- By Application

    10.3.5 Europe: Electronic Toll Collection System Market- by Key Country

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

    10.3.5.1.1 Germany: Electronic Toll Collection System Market- by Offering

    10.3.5.1.2 Germany: Electronic Toll Collection System Market- By Technology

    10.3.5.1.3 Germany: Electronic Toll Collection System Market- By Application

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

    10.3.5.2.1 France: Electronic Toll Collection System Market- by Offering

    10.3.5.2.2 France: Electronic Toll Collection System Market- By Technology

    10.3.5.2.3 France: Electronic Toll Collection System Market- By Application

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

    10.3.5.3.1 Italy: Electronic Toll Collection System Market- by Offering

    10.3.5.3.2 Italy: Electronic Toll Collection System Market- By Technology

    10.3.5.3.3 Italy: Electronic Toll Collection System Market- By Application

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

    10.3.5.4.1 UK: Electronic Toll Collection System Market- by Offering

    10.3.5.4.2 UK: Electronic Toll Collection System Market- By Technology

    10.3.5.4.3 UK: Electronic Toll Collection System Market- By Application

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

    10.3.5.5.1 Russia: Electronic Toll Collection System Market- by Offering

    10.3.5.5.2 Russia: Electronic Toll Collection System Market- By Technology

    10.3.5.5.3 Russia: Electronic Toll Collection System Market- By Application

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

    10.3.5.6.1 Rest of Europe: Electronic Toll Collection System Market- by Offering

    10.3.5.6.2 Rest of Europe: Electronic Toll Collection System Market- By Technology

    10.3.5.6.3 Rest of Europe: Electronic Toll Collection System Market- By Application

    10.4 APAC: Electronic Toll Collection System Market

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

    10.4.2 APAC: Electronic Toll Collection System Market- by Offering

    10.4.3 APAC: Electronic Toll Collection System Market- By Technology

    10.4.4 APAC: Electronic Toll Collection System Market- By Application

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

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

    10.4.5.1.1 Australia: Electronic Toll Collection System Market- by Offering

    10.4.5.1.2 Australia: Electronic Toll Collection System Market- By Technology

    10.4.5.1.3 Australia: Electronic Toll Collection System Market- By Application

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

    10.4.5.2.1 China: Electronic Toll Collection System Market- by Offering

    10.4.5.2.2 China: Electronic Toll Collection System Market- By Technology

    10.4.5.2.3 China: Electronic Toll Collection System Market- By Application

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

    10.4.5.3.1 India: Electronic Toll Collection System Market- by Offering

    10.4.5.3.2 India: Electronic Toll Collection System Market- By Technology

    10.4.5.3.3 India: Electronic Toll Collection System Market- By Application

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

    10.4.5.4.1 Japan: Electronic Toll Collection System Market- by Offering

    10.4.5.4.2 Japan: Electronic Toll Collection System Market- By Technology

    10.4.5.4.3 Japan: Electronic Toll Collection System Market- By Application

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

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

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

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

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

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

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

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

    10.5 MEA: Electronic Toll Collection System Market

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

    10.5.2 MEA: Electronic Toll Collection System Market- by Offering

    10.5.3 MEA: Electronic Toll Collection System Market- By Technology

    10.5.4 MEA: Electronic Toll Collection System Market- By Application

    10.5.5 MEA: Electronic Toll Collection System Market- by Key Country

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

    10.5.5.1.1 South Africa: Electronic Toll Collection System Market- by Offering

    10.5.5.1.2 South Africa: Electronic Toll Collection System Market- By Technology

    10.5.5.1.3 South Africa: Electronic Toll Collection System Market- By Application

    10.5.5.2 Saudi Arabia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    10.5.5.2.1 Saudi Arabia: Electronic Toll Collection System Market- by Offering

    10.5.5.2.2 Saudi Arabia: Electronic Toll Collection System Market- By Technology

    10.5.5.2.3 Saudi Arabia: Electronic Toll Collection System Market- By Application

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

    10.5.5.3.1 UAE: Electronic Toll Collection System Market- by Offering

    10.5.5.3.2 UAE: Electronic Toll Collection System Market- By Technology

    10.5.5.3.3 UAE: Electronic Toll Collection System Market- By Application

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

    10.5.5.4.1 Rest of MEA: Electronic Toll Collection System Market- by Offering

    10.5.5.4.2 Rest of MEA: Electronic Toll Collection System Market- By Technology

    10.5.5.4.3 Rest of MEA: Electronic Toll Collection System Market- By Application

    10.6 SAM: Electronic Toll Collection System Market

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

    10.6.2 SAM: Electronic Toll Collection System Market- by Offering

    10.6.3 SAM: Electronic Toll Collection System Market- By Technology

    10.6.4 SAM: Electronic Toll Collection System Market- By Application

    10.6.5 SAM: Electronic Toll Collection System Market- by Key Country

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

    10.6.5.1.1 Brazil: Electronic Toll Collection System Market- by Offering

    10.6.5.1.2 Brazil: Electronic Toll Collection System Market- By Technology

    10.6.5.1.3 Brazil: Electronic Toll Collection System Market- By Application

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

    10.6.5.2.1 Argentina: Electronic Toll Collection System Market- by Offering

    10.6.5.2.2 Argentina: Electronic Toll Collection System Market- By Technology

    10.6.5.2.3 Argentina: Electronic Toll Collection System Market- By Application

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

    10.6.5.3.1 Rest of SAM: Electronic Toll Collection System Market- by Offering

    10.6.5.3.2 Rest of SAM: Electronic Toll Collection System Market- By Technology

    10.6.5.3.3 Rest of SAM: Electronic Toll Collection System Market- By Application

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

    11.1 Overview

    11.2 North America

    11.3 Europe

    11.4 Asia Pacific

    11.5 Middle East and Africa

    11.6 South America

    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 SKYTOLL

    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 Siemens Mobility

    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

    13.9 Thales Group

    13.9.1 Key Facts

    13.9.2 Business Description

    13.9.3 Products and Services

    13.9.4 Financial Overview

    13.9.5 SWOT Analysis

    13.9.6 Key Developments

    13.10 Neology Inc.

    13.10.1 Key Facts

    13.10.2 Business Description

    13.10.3 Products and Services

    13.10.4 Financial Overview

    13.10.5 SWOT Analysis

    13.10.6 Key Developments

    14. Appendix

    14.1 About The Insight Partners

    14.2 Word Index

    LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Table 20. France: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 21. France: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 22. France: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 23. Italy: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 24. Italy: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 25. Italy: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 26. UK: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 27. UK: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 28. UK: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 29. Russia: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 30. Russia: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 31. Russia: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 32. Rest of Europe: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 33. Rest of Europe: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 34. Rest of Europe: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 35. APAC: Electronic Toll Collection System Market- by Offering – Revenue and Forecast to 2028 (US$ Million)

    Table 36. APAC: Electronic Toll Collection System Market- By Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 37. APAC: Electronic Toll Collection System Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 38. Australia: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 39. Australia: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 40. Australia: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 41. China: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 42. China: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 43. China: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 44. India: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 45. India: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 46. India: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 47. Japan: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 48. Japan: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 49. Japan: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 50. South Korea: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 51. South Korea: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 52. South Korea: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 53. Rest of APAC: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 54. Rest of APAC: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 55. Rest of APAC: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 56. MEA: Electronic Toll Collection System Market- by Offering– Revenue and Forecast to 2028 (US$ Million)

    Table 57. MEA: Electronic Toll Collection System Market- By Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 58. MEA: Electronic Toll Collection System Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 59. South Africa: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 60. South Africa: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 61. South Africa: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 62. Saudi Arabia: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 63. Saudi Arabia: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 64. Saudi Arabia: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 65. UAE: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 66. UAE: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 67. UAE: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 68. Rest of MEA: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 69. Rest of MEA: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 70. Rest of MEA: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 71. SAM: Electronic Toll Collection System Market- by Offering – Revenue and Forecast to 2028 (US$ Million)

    Table 72. SAM: Electronic Toll Collection System Market- By Technology – Revenue and Forecast to 2028 (US$ Million)

    Table 73. SAM: Electronic Toll Collection System Market- By Application – Revenue and Forecast to 2028 (US$ Million)

    Table 74. Brazil: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 75. Brazil: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 76. Brazil: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 77. Argentina: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

    Table 78. Argentina: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 79. Argentina: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 80. Rest of SAM: Electronic Toll Collection System Market- by Offering–Revenue and Forecast to 2028 (US$ Million)

    Table 81. Rest of SAM: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

    Table 82. Rest of SAM: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

    Table 83. List of Abbreviation

    LIST OF FIGURES

    Figure 1. Electronic Toll Collection System Market Segmentation

    Figure 2. Electronic Toll Collection System Market Segmentation – By Geography

    Figure 3. Global 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. Europe was the Largest Revenue Contributor in 2020

    Figure 8. North America – PEST Analysis

    Figure 9. Europe – PEST Analysis

    Figure 10. Asia-Pacific – PEST Analysis

    Figure 11. Middle East and Africa – PEST Analysis

    Figure 12. South America – PEST Analysis

    Figure 13. Electronic Toll Collection System Market– Ecosystem Analysis

    Figure 14. Expert Opinion

    Figure 15. Electronic Toll Collection System Market: Impact Analysis of Drivers and Restraints

    Figure 16. Geographic Overview of Electronic Toll Collection System Market

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

    Figure 18. Electronic Toll Collection System Market Revenue Share, by Offering (2020 and 2028)

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

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

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

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

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

    Figure 24. DSRC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 25. Others: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 26. Electronic Toll Collection System Market Revenue Share, by Application (2020 and 2028)

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

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

    Figure 29. Electronic Toll Collection System Market Revenue Share, By Region (2020 and 2028)

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

    Figure 31. North America: Electronic Toll Collection System Market Revenue Share, by Technology (2020 and 2028)

    Figure 32. North America: Electronic Toll Collection System Market Revenue Share, By Technology (2020 and 2028)

    Figure 33. North America: Electronic Toll Collection System Market Revenue Share, By Application (2020 and 2028)

    Figure 34. North America: Electronic Toll Collection System Market Revenue Share, by Key Country (2020 and 2028)

    Figure 35. US: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 36. Canada: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 37. Mexico: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 38. Europe: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 39. Europe: Electronic Toll Collection System Market Revenue Share, By Offering (2020 and 2028)

    Figure 40. Europe: Electronic Toll Collection System Market Revenue Share, By Technology (2020 and 2028)

    Figure 41. Europe: Electronic Toll Collection System Market Revenue Share, By Application (2020 and 2028)

    Figure 42. Europe: Electronic Toll Collection System Market Revenue Share, By Key Country (2020 and 2028)

    Figure 43. Germany: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 44. France: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 45. Italy: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 46. UK: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 47. Russia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 48. Rest of Europe: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 49. APAC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 50. APAC: Electronic Toll Collection System Market Revenue Share, By Offering (2020 and 2028)

    Figure 51. APAC: Electronic Toll Collection System Market Revenue Share, By Technology (2020 and 2028)

    Figure 52. APAC: Electronic Toll Collection System Market Revenue Share, By Application (2020 and 2028)

    Figure 53. APAC: Electronic Toll Collection System Market Revenue Share, By Key Country (2020 and 2028)

    Figure 54. Australia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 55. China: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 56. India: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 57. Japan: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 58. South Korea: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 59. Rest of APAC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 60. MEA: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 61. MEA: Electronic Toll Collection System Market Revenue Share, By Offering (2020 and 2028)

    Figure 62. MEA: Electronic Toll Collection System Market Revenue Share, By Technology (2020 and 2028)

    Figure 63. MEA: Electronic Toll Collection System Market Revenue Share, By Application (2020 and 2028)

    Figure 64. MEA: Electronic Toll Collection System Market Revenue Share, By Key Country (2020 and 2028)

    Figure 65. South Africa: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 66. Saudi Arabia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 67. UAE: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 68. Rest of MEA: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 69. SAM: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 70. SAM: Electronic Toll Collection System Market Revenue Share, By Offering (2020 and 2028)

    Figure 71. SAM: Electronic Toll Collection System Market Revenue Share, By Technology (2020 and 2028)

    Figure 72. SAM: Electronic Toll Collection System Market Revenue Share, By Application (2020 and 2028)

    Figure 73. SAM: Electronic Toll Collection System Market Revenue Share, By Key Country (2020 and 2028)

    Figure 74. Brazil: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 75. Argentina: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 76. Rest of SAM: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 77. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 78. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 79. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 80. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 81. Impact of COVID-19 Pandemic in South America Country Markets

    Figure 82. electronic toll collection system Market, Industry Landscape (2015-2018) %

    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

     

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    Frequently Asked Questions

    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.
    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.
    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.
    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.
    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.
    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.

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