Europe Electronic Toll Collection System Market to Grow at a CAGR of 10.9% to reach US$ 3,658.64 million Million from 2021 to 2028

Europe 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 Code : TIPRE00025767
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 134
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The electronic toll collection system market in Europe is expected to grow from US$ 1,775.84 million in 2021 to US$ 3,658.64 million by 2028; it is estimated to grow at a CAGR of 10.9% from 2021 to 2028.

France, Germany, Italy, UK, and Russia are major economies in Europe. Demand for interoperable electronic tolling systems is the major factor driving the growth of the Europe electronic toll collection system market. The toll collection systems projects constitute a public-private partnership model where the government agency or state bodies usually decide the toll pricing. Also, the objective of toll collection has a profound influence over the vehicle classification and dynamic pricing for different category of frequent travelers. Thus, effectively restricting the interoperability of toll collection processes across different states, administrative regions, or province within the country as the toll collection system adopted generally lies at their discretion. However, the recent joint efforts by state and central government agencies for initiating a streamlined process for transit transaction across toll gateways, plazas, parking systems, and traffic management has gained traction in the past few years. Moreover, through collaborative efforts among different state bodies to participate in joint toll collection systems that are accepted by larger government agencies and offering simplified toll collection for different users. This electronic toll collection system operates on a pre-paid account-based system that is adopted by various state agencies for a seamless array of fright fees, toll, and fines across a wider geographical region of the country.

Moreover, 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.

In Europe, France is the hardest-hit country by the COVID-19 outbreak. It is expected to suffer an economic hit due to the lack of revenue from various industries. Additionally, the outbreak of another variant of COVID-19 in the UK has affected the installation of electronic toll collection systems across Europe. Further, the businesses in the region (such as manufacturing and road & highway construction industries) faced severe economic difficulties as they had to suspend their operations or substantially reduce their activities. The growth of the electronic toll collection companies was hampered due to travel restrictions in Europe during the pandemic. However, manufacturing facilities, hospitals, airports, and warehouses have resumed working, and as a result, the travel and traffic have increased. For the tolling industry, the top priority during this pandemic is protecting the health and safety of the toll collectors and customers, and for that, companies are introducing new solutions to collect toll cashless. For instance, in July 2020, Tattile helped Serbia toll road by installing Vega Basic short-range cameras for automatic number plate recognition (ANPR). Vehicles digitally trigger the camera, which sends the image via TCP connection to the lane controller. But now, in 2021, with the release of lockdown restrictions and the beginning of the vaccination process, the road and highway construction activities have started again, and the raw materials are easily available. Thus, this will boost 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 Europe electronic toll collection system market. The Europe electronic toll collection system market is expected to grow at a good CAGR during the forecast period.

Europe Electronic Toll Collection System

Market Revenue and Forecast to 2028 (US$ Million)

Europe Electronic Toll Collection System Market Revenue and Forecast to 2028 (US$ Million)

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Europe Electronic Toll Collection System Market Segmentation

Europe Electronic Toll Collection System Market – By Offering

  • Hardware Equipment
  • Service

Europe Electronic Toll Collection System Market – By Technology

  • ANPR
  • GNSS
  • DSRC
  • Others

Europe Electronic Toll Collection System Market – By Application

  • Highways
  • Urban Area

Europe Electronic Toll Collection System Market, by Country

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Electronic Toll Collection System Market - Companies Mentioned

  • Conduent, Inc.
  • Efkon GmbH
  • Kapsch Trafficcom AG
  • Neology
  • Siemens AG
  • SKYTOLL
  • Thales Group
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

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.

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. Europe Electronic Toll Collection System Market Landscape

4.1 Market Overview

4.2 Europe PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

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

5.1 Key Market Drivers

5.1.1 Long-term economic and safety advantages

5.1.2 Demand for interoperable electronic tolling systems is increasing

5.2 Key Market Restraints

5.2.1 Likelihood of leakage and high CapEx & OpEx expenses

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

5.3 Future Trends

5.3.1 Rise in funding for mobile and satellites-based GPS systems

5.4 Impact Analysis of Drivers and Restraints

6. Electronic Toll Collection System Market – Europe Analysis

6.1 Europe Electronic Toll Collection System Market Overview

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

7. Europe Electronic Toll Collection System Market Analysis – By Offering

7.1 Overview

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

8.1 Overview

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

9.1 Overview

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

10.1 Overview

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

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

10.1.1.1.1 Germany: Electronic Toll Collection System Market- by Offering

10.1.1.1.2 Germany: Electronic Toll Collection System Market- By Technology

10.1.1.1.3 Germany: Electronic Toll Collection System Market- By Application

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

10.1.1.2.1 France: Electronic Toll Collection System Market- by Offering

10.1.1.2.2 France: Electronic Toll Collection System Market- By Technology

10.1.1.2.3 France: Electronic Toll Collection System Market- By Application

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

10.1.1.3.1 Italy: Electronic Toll Collection System Market- by Offering

10.1.1.3.2 Italy: Electronic Toll Collection System Market- By Technology

10.1.1.3.3 Italy: Electronic Toll Collection System Market- By Application

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

10.1.1.4.1 UK: Electronic Toll Collection System Market- by Offering

10.1.1.4.2 UK: Electronic Toll Collection System Market- By Technology

10.1.1.4.3 UK: Electronic Toll Collection System Market- By Application

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

10.1.1.5.1 Russia: Electronic Toll Collection System Market- by Offering

10.1.1.5.2 Russia: Electronic Toll Collection System Market- By Technology

10.1.1.5.3 Russia: Electronic Toll Collection System Market- By Application

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

10.1.1.6.1 Rest of Europe: Electronic Toll Collection System Market- by Offering

10.1.1.6.2 Rest of Europe: Electronic Toll Collection System Market- By Technology

10.1.1.6.3 Rest of Europe: Electronic Toll Collection System Market- By Application

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

11.1 Europe

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 Financial Overview

13.1.4 SWOT Analysis

13.1.5 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 SKYTOLL

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 Siemens Mobility

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

13.6 Thales Group

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 Neology Inc.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 14. Russia: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 15. Russia: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 16. Russia: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 17. Rest of Europe: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 18. Rest of Europe: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)

Table 19. Rest of Europe: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 20. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Electronic Toll Collection System Market Segmentation

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

Figure 3. Europe 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. Europe – PEST Analysis

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

Figure 10. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 30. Russia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Rest of Europe: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Impact of COVID-19 Pandemic in Europe Country Markets

  1. Conduent, Inc.
  2. Efkon GmbH
  3. Kapsch Trafficcom AG
  4. Neology
  5. Siemens AG
  6. SKYTOLL
  7. Thales Group

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.

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