South America Electronic Toll Collection System Market Size, Share, and Analysis by 2028

The electronic toll collection system market in SAM is expected to grow from US$ 312.56 million in 2021 to US$ 550.39 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028.

Brazil, and Argentina are major economies in SAM. Mobile and satellites-based GPS systems witness rise in funding is the major factor driving the growth of the SAM electronic toll collection system market. The commercialization of global positioning systems (GPS or GNSS) has substantially broadened its scope of application in various daily activities. For instance, the use of GPS systems installed onboard vehicles could also be utilized for toll collection purposes thereby effectively eliminating the need for any tolling infrastructure or system requirements. Moreover, other benefits such as low cost per transaction, maintainability, accessibility to web-based account and no infrastructure required for integration of new route among other advantages are expected to drive the GPS based toll collection systems. In addition, the availability of cost of sharing the GPS technology owing to sharing of service also lowers the cost of maintenance and operational costs of this systems. Thus, providing a substantial advantage over the existing toll collection systems. However, the recent growing awareness towards data privacy, data protection regulations and its ability to enforce violation are expected to restrict the penetration of this technology to a wider audience. As a result, the post subsequent improvements in data privacy and protection are achieved and regulated by the government, the technology is expected to provide profitable opportunities for the market players.  

SAM countries have been witnessing growth in several industries over the past few years. Industries such as automotive, aerospace, and equipment manufacturing have experienced a fair growth rate. However, the COVID-19 pandemic has affected several sectors, including the toll collection activity. Due to the non-availability of raw materials, the market has been negatively affected. The electronic toll collection includes various semiconductor components, and most of these components are needed to import from other countries. Due to supply chain disruption, the work was halted, which has negatively impacted the market in 2020. Moreover, various governments-imposed lockdowns, resulting in restricted or no movement of people and goods in April and May 2020. However, restrictions have been lifted, and economies are slowly moving toward normal growth. Manufacturing units were hampered due to shutdowns and the availability of raw material and labor as transportation and traveling were restrictions. In 2021, with the release of lockdown measures and the beginning of the vaccination process, raw materials' shipment has started again, and the development of older toll collection systems has resumed. Therefore, this will fuel 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 SAM electronic toll collection system market. The SAM electronic toll collection system market is expected to grow at a good CAGR during the forecast period.

SAM Electronic Toll Collection System Market Segmentation

 

SAM Electronic Toll Collection System Market – By Offering

• Hardware Equipment
• Service

SAM Electronic Toll Collection System Market – By Technology

• ANPR
• GNSS
• DSRC
• Others

SAM Electronic Toll Collection System Market – By Application

• Highways
• Urban Area

SAM Electronic Toll Collection System Market, by Country

• Brazil
• Argentina
• Rest of SAM

SAM Electronic Toll Collection System Market - Companies Mentioned

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

South America Electronic Toll Collection System Report Scope