Electronic Toll Collection Market Share Report, Size, Trends & Forecast 2030

Electronic Toll Collection Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Offering (Systems and Services); Technology (RFID, DSRC, ANPR, GNSS, and Others), and Application (Highways and Urban Zones)

Publication Month : Nov 2023

  • Report Code : TIPRE00002764
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 177
Inquire Before Buy

PRICING

$5190

$4152

[Research Report] The electronic toll collection system market size is valued at US$ 5541.91 million in 2022 and is expected to reach US$ 14369.80 million by 2030. The Electronic Toll Collection System market is expected to record a CAGR of 12.6% from 2022 to 2030.

Analyst Perspective:

Over time, tolling systems have improved in intelligence and efficiency. In addition to eliminating the requirement for physical installations on roadways, smart toll collection systems view data as a resource and use it to improve the security and efficiency of cashless tolls. Since tolls can be used to finance both highway building and maintenance, toll collection is a crucial component of highway operations. Electronic toll collection, which uses a variety of detection and payment technologies to make collection effective and time-saving, has supplanted manual collection in a growing number of cases.

Electronic Toll Collection System Market Overview:

Toll collection at roads, tunnels, or expressways has proven to be an efficient solution for collecting fees and taxes, generating revenue for public-private partnered infrastructure projects or maintenance fees for the state and government agencies. The tolls collected are subsequently utilized for various public services such as maintenance of highways, tunnels, and bridges; financing the future expansion of projects; and managing congestion. In addition, the recent surge in the number of registered vehicles has witnessed a significant rise compared to the transportation infrastructure growth, which can result in congestion and generate the demand for electronic toll collection (ETC) systems. The significant increase in congestion has resulted in a demand for robust and efficient approaches to toll collection at gateways, which is driving the need for automated toll collection systems. The solution in the electronic toll collection system market constitutes a set of hardware equipment and software programs forming a cohesive unit that facilitates the automated toll collection process. The ETC system effectively identifies, classifies, and subsequently collects the transit transaction from prepaid user accounts as per system design. Further, the system provides enforcement for toll violators, vehicle registration, back-office support, congestion management, and intelligent transportation-related services, among other services.

The ETC system offers versatile benefits such as congestion management, minimizing traffic at toll plazas, reducing vehicular traffic at highways, and providing actionable insights into traffic patterns, apart from providing a seamless toll collection process. These benefits have increased the system's popularity among developed countries and fueled the system demand among emerging economies. Moreover, the long-term economic and safety benefits are expected to drive the market during the forecast period. The integration of advanced technology and subsequent improvement in the scope of application ETC system services are projected to have a profound influence on market growth in the coming years.

A solution in the electronic toll collection system market can reduce the chances of accidents by aiding traffic. This system helps in-vehicle devices pay tolls automatically and enhances operational efficiency, thereby elevating customer experiences and providing flexibility in transitioning to a new interoperability standard. Rapid urbanization, coupled with the rise in the adoption of smart transportation systems, will give the electronic toll collection system market a commendable boost during the forecast period.

Customize Research To Suit Your Requirement

We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.

Electronic Toll Collection Market: Strategic Insights

electronic-toll-collection-systems
Market Size Value inUS$ 5541.91 million in 2022
Market Size Value byUS$ 14369.80 million by 2030
Growth rateCAGR of 12.6% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
Analyst Image

Naveen

Have a question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst Image  Speak to Analyst

Electronic Toll Collection System Market Driver:

Government Focus on Transportation Infrastructure Drives Electronic Toll Collection System Market Growth

According to Worldometer, the world's population is rising at a pace of roughly 0.88% each year. The rise in the population globally has encouraged government bodies to invest in building efficient infrastructure to handle a growing population and sustain economic growth. The rising focus on rebuilding the aging infrastructure and the inclusion of smart solutions are key factors fueling the adoption of solutions in the electronic toll collection system market in the region. For instance, in June 2023, 107 transportation infrastructure projects were chosen by the European Commission to receive more than US$ 6.30 billion in EU subsidies from the Connecting Europe Facility (CEF). Also, the German government intends to increase road capacity to accommodate the anticipated growth in freight transportation. According to Informare, as of February 2023, Germany's road freight traffic is expected to grow by 34% by 2051, and the federal government of Germany aims to build new roads to accommodate this increase in traffic, stated the transportation minister.

In November 2021, Congress passed the Bipartisan Infrastructure Deal. Under this deal, the government invests in repairing and rebuilding America's roads and bridges, focusing on climate change mitigation, resilience, equity, as well as safety for all users. Also, the government invested US$ 110 billion to transform poor roads and highways in the country in the next five years. Moreover, according to a joint statement by the US President and Canada's Prime Minister, in March 2023, under the Canadian Critical Minerals Infrastructure Fund, ~US$ 1.09 billion (CAD 1.5 billion) will be invested to support clean energy and transportation infrastructure projects. As per the White House fact sheet in September 2022, the US President and Mexican President relaunched the US-Mexico High-Level Economic Dialogue (HLED) in 2021 to advance shared strategic economic and commercial priorities. The HLED provides a platform for the US and Mexico to leverage their solid economic connection to foster investment in building the transportation infrastructure of Mexico.

Thus, the government's focus on transport infrastructure has encouraged roadway construction, efficient digital adoption of solutions, and rebuilding the aging infrastructure. This leads to increased adoption of solutions in the electronic toll collection system market across the globe as it helps lower the risk of revenue leakage, reduce operating costs, and enhance the toll collection system by reducing traffic congestion.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Electronic Toll Collection System Market Segmental Analysis:

Based on the offering, the electronic toll collection system market is segmented into systems and services. The systems segment held the largest share of the electronic toll collection system market. The solutions in the electronic toll collection system market constitute hardware and software installed across different infrastructures over expressways, bridges, tunnels, onboard vehicles, and toll gateways. The hardware equipment includes lane hardware and toll station hardware. Lane hardware mainly consists of roadside antenna units, high-speed electric barriers, toll lane controllers, ETC lane signal lights, lane traffic lights, multifunction displays for toll collection, lane surveillance cameras, vehicle detectors, switches, computer networks, etc. Toll station hardware mainly contains switches, workstations, and ETC toll servers. ETC systems generally consist of hardware equipment such as transponders, antenna units, signal receivers, toll servers, optical sensors, in-road sensors, overhead cameras, roadside communication units, and tag readers. Two aspects of hardware equipment—one installed at the toll gateways and the other one onboard the vehicle—need to work cohesively for the ETC system to function efficiently. This equipment is responsible for gathering input data points for the software and algorithms to work upon to segregate relevant and nonrelevant data, followed by identification and transaction related to toll.

Based on the gathered data, the system can engage with necessary enforcement or alert the appropriate authority as per the system design. Also, the solutions provider ensures the availability of onboard vehicle tags at the local convenience store, registration of new user accounts, and related back-office support for the error-free functioning of the ETC system. The software helps with data acquisition and data communication. It also helps increase operational efficiencies for the toll collection system.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

Electronic Toll Collection System Market Regional Analysis:

The North America Electronic Toll Collection System market size was valued at US$ 1956.36 million in 2022 and is projected to reach US$ 5417.54 million by 2030; it is expected to register a CAGR of 13.6% from 2022 to 2030. The North America electronic toll collection system market is segmented into the US, Canada, and Mexico. According to Assemblyman, in February 2019, E-ZPass—the country's leading ETC-based system—had over 35 million signal transponders that managed 21 million accounts for electronic toll collection across 17 states. Further, with the vision of becoming a preeminent toll collection program, the system is the largest interoperable network of ETC systems in the world. It generates a revenue of ~US$ 9.0 billion for the partnered agencies. Factors such as scalability, registration of new vehicles, and maintenance of the existing ETC systems are expected to be the major drivers for the US electronic toll collection market during the forecast period. Also, the use of analytics for reporting and gathering actionable insights into traffic patterns for efficient congestion management and traffic monitoring is expected to provide scope for innovative services that could be integrated through the solutions in the electronic toll collection system market, which could provide lucrative business opportunities for the market players—moreover, increasing smart city initiative gaining widespread adoption across the US. For instance, in 2021, Pikepass of Oklahoma Turnpike Authority became the first solution in the electronic toll collection system market in the US. The system can electronically debit the accounts of the registered car owners without the need to stop, resulting in low congestion near toll plazas.

Electronic Toll Collection System Market Key Player Analysis:

Conduent Business Services, LLC., EFKON GmbH, Kapsch TrafficCom AG, Thales, TOSHIBA CORPORATION, TransCore, FAAC S.p.A., MITSUBISHI HEAVY INDUSTRIES, LTD., SICE, and P Square Solutions are among the key players operating in the electronic toll collection system market.

Recent Developments:

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the electronic toll collection system market. A few recent key electronic toll collection system market developments are listed below:

  • In April 2023, Kapsch launched the automatic number plate recognition (ANPR) software update. This update automatically recognizes a license plate that is a number plate, depending on the application.
  • In February 2022, Guatemalan highway operator SiVA announced the deployment of Thales' Peage Intelligent Transport Zero (PITZ) electronic toll collection system along the country's vital Palin-Escuintla toll road corridor.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Offering, Technology, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the estimated global market size for the electronic toll collection market in 2022?

The electronic toll collection market was estimated to be valued at US$ 5541.91 million in 2022 and is projected to reach US$ 14369.80 million by 2030; it is expected to grow at a CAGR of 12.6% during the forecast period.

What are the future trends of the electronic toll collection market?

Satellite-based GPS/GNSS systems is expected to drive the growth of the electronic toll collection market in the coming years.

What will be the electronic toll collection market size by 2030?

The electronic toll collection market is expected to reach US$ 14369.80 million by 2030.

Which key players hold the major market share of the electronic toll collection market?

The key players holding majority shares in the electronic toll collection market include Kapsch TrafficCom AG, Mitsubishi Heavy Industries, LTD., Conduent Business Services, LLC., and TransCore.

What are the driving factors impacting the electronic toll collection market?

Long-term economic and safety benefits, and increasing demand for interoperable electronic tolling systems, are driving factors of electronic toll collection market.

Which is the leading offering segment in the electronic toll collection market?

The systems segment led the electronic toll collection market with a significant share in 2022 and it is also expected to grow with the highest CAGR.

Which is the fastest-growing region in electronic toll collection market?

North America is anticipated to grow with the highest CAGR over the forecast period.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Electronic Toll Collection Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 List of Vendors in Value Chain

5. Electronic Toll Collection Market - Key Industry Dynamics

5.1 Electronic Toll Collection Market - Key Industry Dynamics

5.2 Market Drivers

5.2.1 Long-Term Economic and Safety Benefits

5.2.2 Increasing Demand for Interoperable Electronic Tolling Systems

5.2.3 Government Focus on Transportation Infrastructure

5.3 Market Restraints

5.3.1 Leakage and High CapEx and OpEx Costs

5.3.2 Lack of Standardization and Evaluation Metrics for ETC Systems

5.4 Market Opportunities

5.4.1 Surging Demand for Effective Traffic Management at Toll Plaza

5.4.2 Deployment of Blockchain Technology

5.5 Future Trends

5.5.1 Satellite-Based GPS/GNSS Systems

5.6 Impact of Drivers and Restraints:

6. Electronic Toll Collection Market - Global Market Analysis

6.1 Electronic Toll Collection Market Revenue (US$ Million), 2022 – 2030

6.2 Electronic Toll Collection Market Forecast and Analysis

7. Electronic Toll Collection Market Analysis - Offering

7.1 Systems

7.1.1 Overview

7.1.2 Systems Market, Revenue and Forecast to 2030 (US$ Million)

7.2 Services

7.2.1 Overview

7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)

8. Electronic Toll Collection Market Analysis - Technology

8.1 RFID

8.1.1 Overview

8.1.2 RFID Market Revenue, and Forecast to 2030 (US$ Million)

8.2 DSRC

8.2.1 Overview

8.2.2 DSRC Market Revenue, and Forecast to 2030 (US$ Million)

8.3 ANPR

8.3.1 Overview

8.3.2 ANPR Market Revenue, and Forecast to 2030 (US$ Million)

8.4 GNSS

8.4.1 Overview

8.4.2 GNSS Market Revenue, and Forecast to 2030 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

9. Electronic Toll Collection Market Analysis – Application

9.1 Highways

9.1.1 Overview

9.1.2 Highways Market Revenue, and Forecast to 2030 (US$ Million)

9.2 Urban Zones

9.2.1 Overview

9.2.2 Urban Zones Market Revenue, and Forecast to 2030 (US$ Million)

10. Electronic Toll Collection Market - Geographical Analysis

10.1 Overview

10.2 North America

10.2.1 North America Electronic Toll Collection Market Overview

10.2.2 North America Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.3 North America Electronic Toll Collection Market Breakdown by Offering

10.2.3.1 North America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Offering

10.2.4 North America Electronic Toll Collection Market Breakdown by Technology

10.2.4.1 North America Electronic Toll Collection Market Revenue and Forecasts and Analysis - Technology

10.2.5 North America Electronic Toll Collection Market Breakdown by Application

10.2.5.1 North America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Application

10.2.6 North America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.2.6.1 North America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.2.6.2 US Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.2.1 US Electronic Toll Collection Market Breakdown by Offering

10.2.6.2.2 US Electronic Toll Collection Market Breakdown by Technology

10.2.6.2.3 US Electronic Toll Collection Market Breakdown by Application

10.2.6.3 Canada Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.3.1 Canada Electronic Toll Collection Market Breakdown by Offering

10.2.6.3.2 Canada Electronic Toll Collection Market Breakdown by Technology

10.2.6.3.3 Canada Electronic Toll Collection Market Breakdown by Application

10.2.6.4 Mexico Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.2.6.4.1 Mexico Electronic Toll Collection Market Breakdown by Offering

10.2.6.4.2 Mexico Electronic Toll Collection Market Breakdown by Technology

10.2.6.4.3 Mexico Electronic Toll Collection Market Breakdown by Application

10.3 Europe

10.3.1 Europe Electronic Toll Collection Market Overview

10.3.2 Europe Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.3 Europe Electronic Toll Collection Market Breakdown by Offering

10.3.3.1 Europe Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Offering

10.3.4 Europe Electronic Toll Collection Market Breakdown by Technology

10.3.4.1 Europe Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Technology

10.3.5 Europe Electronic Toll Collection Market Breakdown by Application

10.3.5.1 Europe Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Application

10.3.6 Europe Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.3.6.1 Europe Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.3.6.2 Germany Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.2.1 Germany Electronic Toll Collection Market Breakdown by Offering

10.3.6.2.2 Germany Electronic Toll Collection Market Breakdown by Technology

10.3.6.2.3 Germany Electronic Toll Collection Market Breakdown by Application

10.3.6.3 France Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.3.1 France Electronic Toll Collection Market Breakdown by Offering

10.3.6.3.2 France Electronic Toll Collection Market Breakdown by Technology

10.3.6.3.3 France Electronic Toll Collection Market Breakdown by Application

10.3.6.4 Italy Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.4.1 Italy Electronic Toll Collection Market Breakdown by Offering

10.3.6.4.2 Italy Electronic Toll Collection Market Breakdown by Technology

10.3.6.4.3 Italy Electronic Toll Collection Market Breakdown by Application

10.3.6.5 United Kingdom Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.5.1 United Kingdom Electronic Toll Collection Market Breakdown by Offering

10.3.6.5.2 United Kingdom Electronic Toll Collection Market Breakdown by Technology

10.3.6.5.3 United Kingdom Electronic Toll Collection Market Breakdown by Application

10.3.6.6 Russia Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.6.1 Russia Electronic Toll Collection Market Breakdown by Offering

10.3.6.6.2 Russia Electronic Toll Collection Market Breakdown by Technology

10.3.6.6.3 Russia Electronic Toll Collection Market Breakdown by Application

10.3.6.7 Rest of Europe Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.3.6.7.1 Rest of Europe Electronic Toll Collection Market Breakdown by Offering

10.3.6.7.2 Rest of Europe Electronic Toll Collection Market Breakdown by Technology

10.3.6.7.3 Rest of Europe Electronic Toll Collection Market Breakdown by Application

10.4 Asia Pacific

10.4.1 Asia Pacific Electronic Toll Collection Market Overview

10.4.2 Asia Pacific Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.3 Asia Pacific Electronic Toll Collection Market Breakdown by Offering

10.4.3.1 Asia Pacific Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Offering

10.4.4 Asia Pacific Electronic Toll Collection Market Breakdown by Technology

10.4.4.1 Asia Pacific Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Technology

10.4.5 Asia Pacific Electronic Toll Collection Market Breakdown by Application

10.4.5.1 Asia Pacific Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Application

10.4.6 Asia Pacific Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.4.6.1 Asia Pacific Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.4.6.2 China Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.2.1 China Electronic Toll Collection Market Breakdown by Offering

10.4.6.2.2 China Electronic Toll Collection Market Breakdown by Technology

10.4.6.2.3 China Electronic Toll Collection Market Breakdown by Application

10.4.6.3 Japan Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.3.1 Japan Electronic Toll Collection Market Breakdown by Offering

10.4.6.3.2 Japan Electronic Toll Collection Market Breakdown by Technology

10.4.6.3.3 Japan Electronic Toll Collection Market Breakdown by Application

10.4.6.4 India Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.4.1 India Electronic Toll Collection Market Breakdown by Offering

10.4.6.4.2 India Electronic Toll Collection Market Breakdown by Technology

10.4.6.4.3 India Electronic Toll Collection Market Breakdown by Application

10.4.6.5 Australia Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.5.1 Australia Electronic Toll Collection Market Breakdown by Offering

10.4.6.5.2 Australia Electronic Toll Collection Market Breakdown by Technology

10.4.6.5.3 Australia Electronic Toll Collection Market Breakdown by Application

10.4.6.6 South Korea Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.6.1 South Korea Electronic Toll Collection Market Breakdown by Offering

10.4.6.6.2 South Korea Electronic Toll Collection Market Breakdown by Technology

10.4.6.6.3 South Korea Electronic Toll Collection Market Breakdown by Application

10.4.6.7 Rest of Asia Pacific Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.4.6.7.1 Rest of Asia Pacific Electronic Toll Collection Market Breakdown by Offering

10.4.6.7.2 Rest of Asia Pacific Electronic Toll Collection Market Breakdown by Technology

10.4.6.7.3 Rest of Asia Pacific Electronic Toll Collection Market Breakdown by Application

10.5 Middle East & Africa

10.5.1 Middle East & Africa Electronic Toll Collection Market Overview

10.5.2 Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.3 Middle East & Africa Electronic Toll Collection Market Breakdown by Offering

10.5.3.1 Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Offering

10.5.4 Middle East & Africa Electronic Toll Collection Market Breakdown by Technology

10.5.4.1 Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Technology

10.5.5 Middle East & Africa Electronic Toll Collection Market Breakdown by Application

10.5.5.1 Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Application

10.5.6 Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.5.6.1 Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.5.6.2 Saudi Arabia Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.2.1 Saudi Arabia Electronic Toll Collection Market Breakdown by Offering

10.5.6.2.2 Saudi Arabia Electronic Toll Collection Market Breakdown by Technology

10.5.6.2.3 Saudi Arabia Electronic Toll Collection Market Breakdown by Application

10.5.6.3 UAE Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.3.1 UAE Electronic Toll Collection Market Breakdown by Offering

10.5.6.3.2 UAE Electronic Toll Collection Market Breakdown by Technology

10.5.6.3.3 UAE Electronic Toll Collection Market Breakdown by Application

10.5.6.4 South Africa Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.4.1 South Africa Electronic Toll Collection Market Breakdown by Offering

10.5.6.4.2 South Africa Electronic Toll Collection Market Breakdown by Technology

10.5.6.4.3 South Africa Electronic Toll Collection Market Breakdown by Application

10.5.6.5 Rest of MEA Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.5.6.5.1 Rest of MEA Electronic Toll Collection Market Breakdown by Offering

10.5.6.5.2 Rest of MEA Electronic Toll Collection Market Breakdown by Technology

10.5.6.5.3 Rest of MEA Electronic Toll Collection Market Breakdown by Application

10.6 South America

10.6.1 South America Electronic Toll Collection Market Overview

10.6.2 South America Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.3 South America Electronic Toll Collection Market Breakdown by Offering

10.6.3.1 South America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Offering

10.6.4 South America Electronic Toll Collection Market Breakdown by Technology

10.6.4.1 South America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Technology

10.6.5 South America Electronic Toll Collection Market Breakdown by Application

10.6.5.1 South America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Application

10.6.6 South America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.6.6.1 South America Electronic Toll Collection Market Revenue and Forecasts and Analysis - By Country

10.6.6.2 Brazil Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.6.2.1 Brazil Electronic Toll Collection Market Breakdown by Offering

10.6.6.2.2 Brazil Electronic Toll Collection Market Breakdown by Technology

10.6.6.2.3 Brazil Electronic Toll Collection Market Breakdown by Application

10.6.6.3 Argentina Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.6.3.1 Argentina Electronic Toll Collection Market Breakdown by Offering

10.6.6.3.2 Argentina Electronic Toll Collection Market Breakdown by Technology

10.6.6.3.3 Argentina Electronic Toll Collection Market Breakdown by Application

10.6.6.4 Rest of SAM Electronic Toll Collection Market Revenue and Forecasts to 2030 (US$ Mn)

10.6.6.4.1 Rest of SAM Electronic Toll Collection Market Breakdown by Offering

10.6.6.4.2 Rest of SAM Electronic Toll Collection Market Breakdown by Technology

10.6.6.4.3 Rest of SAM Electronic Toll Collection Market Breakdown by Application

11. Electronic Toll Collection Market – Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players

12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

13.4 Merger and Acquisition

14. Company Profiles

14.1 Conduent Inc

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Kapsch TrafficCom AG

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Mitsubishi Heavy Industries Machinery Systems Ltd

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Thales SA

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Toshiba Infrastructure Systems and Solutions Corp

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 TransCore LP

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Magnetic Autocontrol GmbH

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 The Revenue Markets Inc

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Sociedad Iberica de Construcciones Electricas SA

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 P Square Solutions LLC

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

14.11 Verra Mobility Corp

14.11.1 Key Facts

14.11.2 Business Description

14.11.3 Products and Services

14.11.4 Financial Overview

14.11.5 SWOT Analysis

14.11.6 Key Developments

14.12 Mitsubishi Heavy Industries Ltd

14.12.1 Key Facts

14.12.2 Business Description

14.12.3 Products and Services

14.12.4 Financial Overview

14.12.5 SWOT Analysis

14.12.6 Key Developments

14.13 Cubic Transportation Systems, Inc.

14.13.1 Key Facts

14.13.2 Business Description

14.13.3 Products and Services

14.13.4 Financial Overview

14.13.5 SWOT Analysis

14.13.6 Key Developments

14.14 Q-Free ASA

14.14.1 Key Facts

14.14.2 Business Description

14.14.3 Products and Services

14.14.4 Financial Overview

14.14.5 SWOT Analysis

14.14.6 Key Developments

15. Appendix

15.1 About the Insight Partners

15.2 Word Index

List of Tables

Table 1. Electronic Toll Collection Market Segmentation

Table 2. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Million)

Table 3. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Million) – Offering

Table 4. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Million) - Technology

Table 5. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Million) – Application

Table 6. North America Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 7. North America Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 8. North America Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 9. North America Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 10. US Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 11. US Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 12. US Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 13. Canada Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 14. Canada Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 15. Canada Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 16. Mexico Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 17. Mexico Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 18. Mexico Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 19. Europe Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 20. Europe Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 21. Europe Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 22. Europe Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 23. Germany Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 24. Germany Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 25. Germany Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 26. France Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 27. France Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 28. France Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 29. Italy Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 30. Italy Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 31. Italy Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 32. United Kingdom Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 33. United Kingdom Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 34. United Kingdom Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 35. Russia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 36. Russia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 37. Russia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 38. Rest of Europe Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 39. Rest of Europe Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 40. Rest of Europe Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 41. Asia Pacific Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 42. Asia Pacific Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 43. Asia Pacific Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 44. Asia Pacific Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 45. China Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 46. China Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 47. China Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 48. Japan Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 49. Japan Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 50. Japan Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 51. India Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 52. India Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 53. India Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 54. Australia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 55. Australia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 56. Australia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 57. South Korea Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 58. South Korea Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 59. South Korea Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 60. Rest of Asia Pacific Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 61. Rest of Asia Pacific Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 62. Rest of Asia Pacific Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 63. Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 64. Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 65. Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 66. Middle East & Africa Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 67. Saudi Arabia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 68. Saudi Arabia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 69. Saudi Arabia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 70. UAE Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 71. UAE Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 72. UAE Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 73. South Africa Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 74. South Africa Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 75. South Africa Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 76. Rest of MEA Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 77. Rest of MEA Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 78. Rest of MEA Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 79. South America Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 80. South America Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 81. South America Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 82. South America Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Country

Table 83. Brazil Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 84. Brazil Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 85. Brazil Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 86. Argentina Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 87. Argentina Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 88. Argentina Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 89. Rest of SAM Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Offering

Table 90. Rest of SAM Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology

Table 91. Rest of SAM Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn) – By Application

Table 92. Heat Map Analysis By Key Players

Table 93. List of Abbreviation

List of Figures

Figure 1. Electronic Toll Collection Market Segmentation, By Geography

Figure 2. PEST Analysis

Figure 3. Ecosystem: Electronic Toll Collection Market

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Electronic Toll Collection Market Breakdown by Geography, 2022 and 2030 (%)

Figure 6. Electronic Toll Collection Market Revenue (US$ Million), 2022 – 2030

Figure 7. Electronic Toll Collection Market Share (%) – Offering, 2022 and 2030

Figure 8. Systems Market Revenue and Forecasts To 2030 (US$ Million)

Figure 9. Services Market Revenue and Forecasts To 2030 (US$ Million)

Figure 10. Electronic Toll Collection Market Share (%) Technology, 2022 and 2030

Figure 11. RFID Market Revenue and Forecasts To 2030 (US$ Million)

Figure 12. DSRC Market Revenue and Forecasts To 2030 (US$ Million)

Figure 13. ANPR Market Revenue and Forecasts To 2030 (US$ Million)

Figure 14. GNSS Market Revenue and Forecasts To 2030 (US$ Million)

Figure 15. Others Market Revenue and Forecasts To 2030 (US$ Million)

Figure 16. Electronic Toll Collection Market Share (%) Application, 2022 and 2030

Figure 17. Highways Market Revenue and Forecasts To 2030 (US$ Million)

Figure 18. Urban Zones Market Revenue and Forecasts To 2030 (US$ Million)

Figure 19. Electronic Toll Collection Market Breakdown by Region, 2022 and 2030 (%)

Figure 20. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 21. Electronic Toll Collection Market Breakdown by Offering (2022 and 2030)

Figure 22. Electronic Toll Collection Market Breakdown by Technology (2022 and 2030)

Figure 23. Electronic Toll Collection Market Breakdown by Application (2022 and 2030)

Figure 24. Electronic Toll Collection Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 25. US Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 26. Canada Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 27. Mexico Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 28. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 29. Electronic Toll Collection Market Breakdown by Offering (2022 and 2030)

Figure 30. Electronic Toll Collection Market Breakdown by Technology (2022 and 2030)

Figure 31. Electronic Toll Collection Market Breakdown by Application (2022 and 2030)

Figure 32. Electronic Toll Collection Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 33. Germany Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 34. France Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 35. Italy Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 36. United Kingdom Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 37. Russia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 38. Rest of Europe Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 39. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 40. Electronic Toll Collection Market Breakdown by Offering (2022 and 2030)

Figure 41. Electronic Toll Collection Market Breakdown by Technology (2022 and 2030)

Figure 42. Electronic Toll Collection Market Breakdown by Application (2022 and 2030)

Figure 43. Electronic Toll Collection Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 44. China Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 45. Japan Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 46. India Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 47. Australia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 48. South Korea Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 49. Rest of Asia Pacific Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 50. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 51. Electronic Toll Collection Market Breakdown by Offering (2022 and 2030)

Figure 52. Electronic Toll Collection Market Breakdown by Technology (2022 and 2030)

Figure 53. Electronic Toll Collection Market Breakdown by Application (2022 and 2030)

Figure 54. Electronic Toll Collection Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 55. Saudi Arabia Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 56. UAE Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 57. South Africa Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 58. Rest of MEA Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 59. Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 60. Electronic Toll Collection Market Breakdown by Offering (2022 and 2030)

Figure 61. Electronic Toll Collection Market Breakdown by Technology (2022 and 2030)

Figure 62. Electronic Toll Collection Market Breakdown by Application (2022 and 2030)

Figure 63. Electronic Toll Collection Market Breakdown by Key Countries, 2022 and 2030 (%)

Figure 64. Brazil Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 65. Argentina Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 66. Rest of SAM Electronic Toll Collection Market Revenue and Forecasts To 2030 (US$ Mn)

Figure 67. Company Positioning & Concentration

The List of Companies - Electronic Toll Collection Market

  1. Conduent Inc
  2. Kapsch TrafficCom AG
  3. Thales SA
  4. Toshiba Infrastructure Systems and Solutions Corp
  5. TransCore LP, Magnetic Autocontrol GmbH
  6. The Revenue Markets Inc
  7. Sociedad Iberica de Construcciones Electricas SA
  8. P Square Solutions LLC
  9. Verra Mobility Corp
  10. Mitsubishi Heavy Industries Ltd.
  11. Cubic Transportation Systems, Inc.
  12. Q-Free ASA.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Electronic Toll Collection Market