Middle East and Africa Electronic Toll Collection System Market Opportunities by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Middle East and Africa 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)

Report Date : Nov 2021
Report Code : TIPRE00025771

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 114

Page Updated: Nov 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The electronic toll collection system market in MEA is expected to grow from US$ 731.93 million in 2021 to US$ 1,366.95 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028.

Saudi Arabia, South Africa, and UAE are major economies in MEA. Significant Interoperable electronic tolling systems are at trend which is the major factor driving the growth of the MEA electronic toll collection system market. 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.

The MEA region comprises South Africa, the UAE, Saudi Arabia, and other countries. South Africa recorded the highest number of COVID-19 cases in the MEA region, followed by Saudi Arabia and the UAE. The Middle East & Africa region has a smaller number of companies operating or offering market-specific solutions. Further, according to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy has witnessed a sharp slowdown in 2020. The COVID-19 outbreak has negatively impacted the construction businesses of roads and highways in the region due to the supply chain disruption. Moreover, the transportation sector was affected due to the non-movement of vehicles in 2020. Thus, the revenue collected from toll booths decreased, negatively impacting the growth of the electronic toll collection market in the region. However, in 2021, with the release of lockdown restrictions and the beginning of vaccination processes, the road and highway construction and developments have started again, helping create a favorable scenario for 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 MEA electronic toll collection system market. The MEA electronic toll collection system market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

MEA Electronic Toll Collection System Market Segmentation

MEA Electronic Toll Collection System Market – By Offering

Hardware Equipment
Service

MEA Electronic Toll Collection System Market – By Technology

ANPR
GNSS
DSRC
Others

MEA Electronic Toll Collection System Market – By Application

Highways
Urban Area

MEA Electronic Toll Collection System Market, by Country

Saudi Arabia
South Africa
UAE
Rest of MEA

MEA Electronic Toll Collection System Market - Companies Mentioned

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

Middle East and Africa Electronic Toll Collection System Report Scope

Report Attribute	Details
Market size in 2021	US$ 731.93 Million
Market Size by 2028	US$ 1,366.95 Million
Global CAGR (2021 - 2028)	9.3%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Offering Hardware Equipment and Service By Technology ANPR GNSS DSRC By Application Highways and Urban Zones
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Conduent, Inc. Efkon GmbH Kapsch Trafficcom AG Siemens AG Thales Group

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the Middle East and Africa Electronic Toll Collection System Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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