New

Middle East and Africa Electronic Toll Collection System Market

2021

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)

Publication Month: Nov 2021 | Report Code: TIPRE00025771 | No. of Pages: 114 | Category: Electronics and Semiconductor | Status: Published

Market Insights

Middle East and Africa Electronic Toll Collection System Market to Grow at a CAGR of 9.3% to reach US$ 1,366.95 million Million from 2021 to 2028

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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.
MEA electronic toll collection system market

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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

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. MEA Electronic Toll Collection System Market Landscape

4.1 Market Overview

4.2 MEA PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

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

5.1 Key Market Drivers

5.1.1 Future advantages in terms of economy and safety

5.1.2 Interoperable electronic tolling systems are at trend

5.2 Key Market Restraints

5.2.1 High CapEx & OpEx costs including possibility of leakage

5.2.2 The absence of ETC system standardisation and evaluation metrics

5.3 Future Trends

5.3.1 Expenditure in GPS systems, both mobile and satellite-based

5.4 Impact Analysis of Drivers and Restraints

6. Electronic Toll Collection System Market – MEA Analysis

6.1 MEA Electronic Toll Collection System Market Overview

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

7. MEA Electronic Toll Collection System Market Analysis By Offering

7.1 Overview

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

8.1 Overview

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

9.1 Overview

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

10.1 Overview

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

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

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

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

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

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

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

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

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

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

10.1.1.3.1 UAE: Electronic Toll Collection System Market- by Offering

10.1.1.3.2 UAE: Electronic Toll Collection System Market- By Technology

10.1.1.3.3 UAE: Electronic Toll Collection System Market- By Application

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

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

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

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

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

11.1 MEA

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 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 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 Siemens Mobility

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 Thales Group

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

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. MEA Electronic Toll Collection System Market Segmentation

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

Figure 3. MEA 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. UAE was the Largest Revenue Contributor in 2020

Figure 8. MEA – PEST Analysis

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

Figure 10. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 30. Impact of COVID-19 Pandemic in MEA Country Markets

  1. Conduent, Inc.
  2. Efkon GmbH
  3. Kapsch Trafficcom AG
  4. Siemens AG
  5. Thales Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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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