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Europe Electronic Toll Collection System Market

2021

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

Publication Month: Nov 2021 | Report Code: TIPRE00025767 | No. of Pages: 134 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Europe Electronic Toll Collection System Market to Grow at a CAGR of 10.9% to reach US$ 3,658.64 million Million from 2021 to 2028

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The electronic toll collection system market in Europe is expected to grow from US$ 1,775.84 million in 2021 to US$ 3,658.64 million by 2028; it is estimated to grow at a CAGR of 10.9% from 2021 to 2028.

France, Germany, Italy, UK, and Russia are major economies in Europe. Demand for interoperable electronic tolling systems is the major factor driving the growth of the Europe electronic toll collection system market. The toll collection systems projects constitute a public-private partnership model where the government agency or state bodies usually decide the toll pricing. Also, the objective of toll collection has a profound influence over the vehicle classification and dynamic pricing for different category of frequent travelers. Thus, effectively restricting the interoperability of toll collection processes across different states, administrative regions, or province within the country as the toll collection system adopted generally lies at their discretion. However, the recent joint efforts by state and central government agencies for initiating a streamlined process for transit transaction across toll gateways, plazas, parking systems, and traffic management has gained traction in the past few years. Moreover, through collaborative efforts among different state bodies to participate in joint toll collection systems that are accepted by larger government agencies and offering simplified toll collection for different users. This electronic toll collection system operates on a pre-paid account-based system that is adopted by various state agencies for a seamless array of fright fees, toll, and fines across a wider geographical region of the country.

Moreover, the data generated via electronic toll collection transponders and RFID tags could also provide meaningful insights into the traffic patterns and congestions at various expressways and highways. Subsequently, using those insights for improving the congestion, traffic management, and other intelligent transportation services. Also, the adoption of exhaustive interoperable toll collection system could also have application across parking fees payment at airports, malls, bus stations, and intelligent transportation services among other innovative services. Thus, the demand for interoperable and robust electronic toll collection by the government as well as state agencies is gaining popularity and is subsequently projected to fuel the demand for electronic toll collection systems in the coming years.

In Europe, France is the hardest-hit country by the COVID-19 outbreak. It is expected to suffer an economic hit due to the lack of revenue from various industries. Additionally, the outbreak of another variant of COVID-19 in the UK has affected the installation of electronic toll collection systems across Europe. Further, the businesses in the region (such as manufacturing and road & highway construction industries) faced severe economic difficulties as they had to suspend their operations or substantially reduce their activities. The growth of the electronic toll collection companies was hampered due to travel restrictions in Europe during the pandemic. However, manufacturing facilities, hospitals, airports, and warehouses have resumed working, and as a result, the travel and traffic have increased. For the tolling industry, the top priority during this pandemic is protecting the health and safety of the toll collectors and customers, and for that, companies are introducing new solutions to collect toll cashless. For instance, in July 2020, Tattile helped Serbia toll road by installing Vega Basic short-range cameras for automatic number plate recognition (ANPR). Vehicles digitally trigger the camera, which sends the image via TCP connection to the lane controller. But now, in 2021, with the release of lockdown restrictions and the beginning of the vaccination process, the road and highway construction activities have started again, and the raw materials are easily available. Thus, this will boost the growth of the electronic toll collection market in the region.

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

Europe Electronic Toll Collection System

Market Revenue and Forecast to 2028 (US$ Million)

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

Get more information on this report :


Europe Electronic Toll Collection System Market Segmentation

Europe Electronic Toll Collection System Market – By Offering

  • Hardware Equipment
  • Service

Europe Electronic Toll Collection System Market – By Technology

  • ANPR
  • GNSS
  • DSRC
  • Others

Europe Electronic Toll Collection System Market – By Application

  • Highways
  • Urban Area

Europe Electronic Toll Collection System Market, by Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Electronic Toll Collection System Market - Companies Mentioned

  • Conduent, Inc.
  • Efkon GmbH
  • Kapsch Trafficcom AG
  • Neology
  • Siemens AG
  • SKYTOLL
  • Thales Group

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe Electronic Toll Collection System Market Landscape

4.1 Market Overview

4.2 Europe PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

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

5.1 Key Market Drivers

5.1.1 Long-term economic and safety advantages

5.1.2 Demand for interoperable electronic tolling systems is increasing

5.2 Key Market Restraints

5.2.1 Likelihood of leakage and high CapEx & OpEx expenses

5.2.2 ETC systems suffer from a lack of standardisation and evaluation metrics

5.3 Future Trends

5.3.1 Rise in funding for mobile and satellites-based GPS systems

5.4 Impact Analysis of Drivers and Restraints

6. Electronic Toll Collection System Market – Europe Analysis

6.1 Europe Electronic Toll Collection System Market Overview

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

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

7.1 Overview

7.2 Europe 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. Europe Electronic Toll Collection System Market – By Technology

8.1 Overview

8.2 Europe 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. Europe Electronic Toll Collection System Market – By Application

9.1 Overview

9.2 Europe 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. Europe Electronic Toll Collection System Market – Country Analysis

10.1 Overview

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

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

10.1.1.1.1 Germany: Electronic Toll Collection System Market- by Offering

10.1.1.1.2 Germany: Electronic Toll Collection System Market- By Technology

10.1.1.1.3 Germany: Electronic Toll Collection System Market- By Application

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

10.1.1.2.1 France: Electronic Toll Collection System Market- by Offering

10.1.1.2.2 France: Electronic Toll Collection System Market- By Technology

10.1.1.2.3 France: Electronic Toll Collection System Market- By Application

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

10.1.1.3.1 Italy: Electronic Toll Collection System Market- by Offering

10.1.1.3.2 Italy: Electronic Toll Collection System Market- By Technology

10.1.1.3.3 Italy: Electronic Toll Collection System Market- By Application

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

10.1.1.4.1 UK: Electronic Toll Collection System Market- by Offering

10.1.1.4.2 UK: Electronic Toll Collection System Market- By Technology

10.1.1.4.3 UK: Electronic Toll Collection System Market- By Application

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

10.1.1.5.1 Russia: Electronic Toll Collection System Market- by Offering

10.1.1.5.2 Russia: Electronic Toll Collection System Market- By Technology

10.1.1.5.3 Russia: Electronic Toll Collection System Market- By Application

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

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

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

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

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

11.1 Europe

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 Conduent, Inc.

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Financial Overview

13.1.4 SWOT Analysis

13.1.5 Key Developments

13.2 EFKON GmbH

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Kapsch TrafficCom AG

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 SKYTOLL

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 Siemens Mobility

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 Thales Group

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 Neology Inc.

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

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 20. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Electronic Toll Collection System Market Segmentation

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

Figure 3. Europe 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. Europe – PEST Analysis

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

Figure 10. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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