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South America Electronic Toll Collection System Market

2021

South America 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: TIPRE00025772 | No. of Pages: 109 | Category: Electronics and Semiconductor | Status: Published

Market Insights

South America Electronic Toll Collection System Market to Grow at a CAGR of 9.3% to reach US$ 550.39 million Million from 2021 to 2028

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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.

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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

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. SAM Electronic Toll Collection System Market Landscape

4.1 Market Overview

4.2 SAM PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

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

5.1 Key Market Drivers

5.1.1 Economic and safety advantages in years to come

5.1.2 Significant need of interoperable electronic tolling systems

5.2 Key Market Restraints

5.2.1 Chances of leakage as well as high CapEx and OpEx expense

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

5.3 Future Trends

5.3.1 Mobile and satellites-based GPS systems witness rise in funding

5.4 Impact Analysis of Drivers and Restraints

6. Electronic Toll Collection System Market – SAM Analysis

6.1 SAM Electronic Toll Collection System Market Overview

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

7. SAM Electronic Toll Collection System Market Analysis By Offering

7.1 Overview

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

8.1 Overview

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

9.1 Overview

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

10.1 Overview

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

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

10.1.1.1.1 Brazil: Electronic Toll Collection System Market- by Offering

10.1.1.1.2 Brazil: Electronic Toll Collection System Market- By Technology

10.1.1.1.3 Brazil: Electronic Toll Collection System Market- By Application

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

10.1.1.2.1 Argentina: Electronic Toll Collection System Market- by Offering

10.1.1.2.2 Argentina: Electronic Toll Collection System Market- By Technology

10.1.1.2.3 Argentina: Electronic Toll Collection System Market- By Application

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

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

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

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

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

11.1 SAM

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

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

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

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

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

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

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

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

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

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

Table 11. List of Abbreviation

LIST OF FIGURES

Figure 1. SAM Electronic Toll Collection System Market Segmentation

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

Figure 3. SAM 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. SAM – PEST Analysis

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

Figure 10. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 29. Impact of COVID-19 Pandemic in SAM 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 SAM 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 SAM 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 SAM 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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