The electronic toll collection system market in MEA is expected to grow from US$ 731.93 million in 2021 to US$ 1,366.95 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028.
Saudi Arabia, South Africa, and UAE are major economies in MEA. Significant Interoperable electronic tolling systems are at trend which is the major factor driving the growth of the MEA electronic toll collection system market. the data generated via electronic toll collection transponders and RFID tags could also provide meaningful insights into the traffic patterns and congestions at various expressways and highways. Subsequently, using those insights for improving the congestion, traffic management, and other intelligent transportation services. Also, the adoption of exhaustive interoperable toll collection system could also have application across parking fees payment at airports, malls, bus stations, and intelligent transportation services among other innovative services. Thus, the demand for interoperable and robust electronic toll collection by the government as well as state agencies is gaining popularity and is subsequently projected to fuel the demand for electronic toll collection systems in the coming years.The MEA region comprises South Africa, the UAE, Saudi Arabia, and other countries. South Africa recorded the highest number of COVID-19 cases in the MEA region, followed by Saudi Arabia and the UAE. The Middle East & Africa region has a smaller number of companies operating or offering market-specific solutions. Further, according to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy has witnessed a sharp slowdown in 2020. The COVID-19 outbreak has negatively impacted the construction businesses of roads and highways in the region due to the supply chain disruption. Moreover, the transportation sector was affected due to the non-movement of vehicles in 2020. Thus, the revenue collected from toll booths decreased, negatively impacting the growth of the electronic toll collection market in the region. However, in 2021, with the release of lockdown restrictions and the beginning of vaccination processes, the road and highway construction and developments have started again, helping create a favorable scenario for the electronic toll collection market in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA electronic toll collection system market. The MEA electronic toll collection system market is expected to grow at a good CAGR during the forecast period.
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MEA Electronic Toll Collection System Market Segmentation
MEA Electronic Toll Collection System Market – By Offering
- Hardware Equipment
- Service
MEA Electronic Toll Collection System Market – By Technology
- ANPR
- GNSS
- DSRC
- Others
MEA Electronic Toll Collection System Market – By Application
- Highways
- Urban Area
MEA Electronic Toll Collection System Market, by Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Electronic Toll Collection System Market - Companies Mentioned
- Conduent, Inc.
- Efkon GmbH
- Kapsch Trafficcom AG
- Siemens AG
- Thales Group
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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. MEA Electronic Toll Collection System Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Electronic Toll Collection System Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Future advantages in terms of economy and safety
5.1.2 Interoperable electronic tolling systems are at trend
5.2 Key Market Restraints
5.2.1 High CapEx & OpEx costs including possibility of leakage
5.2.2 The absence of ETC system standardisation and evaluation metrics
5.3 Future Trends
5.3.1 Expenditure in GPS systems, both mobile and satellite-based
5.4 Impact Analysis of Drivers and Restraints
6. Electronic Toll Collection System Market – MEA Analysis
6.1 MEA Electronic Toll Collection System Market Overview
6.2 MEA Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
7. MEA Electronic Toll Collection System Market Analysis By Offering
7.1 Overview
7.2 MEA Electronic Toll Collection System Market, By Offering (2020 and 2028)
7.3 Hardware Equipment
7.3.1 Overview
7.3.2 Hardware Equipment: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Service
7.4.1 Overview
7.4.2 Service: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA Electronic Toll Collection System Market – By Technology
8.1 Overview
8.2 MEA Electronic Toll Collection System Market, by Technology (2020 and 2028)
8.3 ANPR
8.3.1 Overview
8.3.2 ANPR: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 GNSS
8.4.1 Overview
8.4.2 GNSS: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
8.5 DSRC
8.5.1 Overview
8.5.2 DSRC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
9. MEA Electronic Toll Collection System Market – By Application
9.1 Overview
9.2 MEA Electronic Toll Collection System Market, by Application (2020 and 2028)
9.3 Highways
9.3.1 Overview
9.3.2 Highways: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Urban Zones
9.4.1 Overview
9.4.2 Urban Zones: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
10. MEA Electronic Toll Collection System Market – Country Analysis
10.1 Overview
10.1.1 MEA: Electronic Toll Collection System Market- by Key Country
10.1.1.1 South Africa: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Electronic Toll Collection System Market- by Offering
10.1.1.1.2 South Africa: Electronic Toll Collection System Market- By Technology
10.1.1.1.3 South Africa: Electronic Toll Collection System Market- By Application
10.1.1.2 Saudi Arabia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Electronic Toll Collection System Market- by Offering
10.1.1.2.2 Saudi Arabia: Electronic Toll Collection System Market- By Technology
10.1.1.2.3 Saudi Arabia: Electronic Toll Collection System Market- By Application
10.1.1.3 UAE: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Electronic Toll Collection System Market- by Offering
10.1.1.3.2 UAE: Electronic Toll Collection System Market- By Technology
10.1.1.3.3 UAE: Electronic Toll Collection System Market- By Application
10.1.1.4 Rest of MEA: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Electronic Toll Collection System Market- by Offering
10.1.1.4.2 Rest of MEA: Electronic Toll Collection System Market- By Technology
10.1.1.4.3 Rest of MEA: Electronic Toll Collection System Market- By Application
11. MEA Electronic Toll Collection System Market- COVID-19 Impact Analysis
11.1 MEA
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and acquisition
12.4 New Product Development
13. Company Profiles
13.1 Conduent, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EFKON GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Kapsch TrafficCom AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Siemens Mobility
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Thales Group
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Electronic Toll Collection System Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. South Africa: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of MEA: Electronic Toll Collection System Market- by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Electronic Toll Collection System Market- By Technology –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Electronic Toll Collection System Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Electronic Toll Collection System Market Segmentation
Figure 2. MEA Electronic Toll Collection System Market Segmentation – By Country
Figure 3. MEA Electronic Toll Collection System Market Overview
Figure 4. Service Segment Held the Largest Market Share in 2020
Figure 5. DSRC Held the Largest Market Share in 2020
Figure 6. Highways Held the Largest Market Share in 2020
Figure 7. UAE was the Largest Revenue Contributor in 2020
Figure 8. MEA – PEST Analysis
Figure 9. MEA Electronic Toll Collection System Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. MEA Electronic Toll Collection System Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Electronic Toll Collection System Market Revenue Share, by Offering (2020 and 2028)
Figure 14. MEA Hardware Equipment: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Service Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Electronic Toll Collection System Market Revenue Share, by Technology (2020 and 2028)
Figure 17. MEA ANPR: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA GNSS: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA DSRC: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Others: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Electronic Toll Collection System Market Revenue Share, by Application (2020 and 2028)
Figure 22. MEA Highways: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Urban Zones: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. MEA: Electronic Toll Collection System Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. MEA: Electronic Toll Collection System Market Revenue Share, By Key Country (2020 and 2028)
Figure 26. South Africa: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Saudi Arabia: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. UAE: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of MEA: Electronic Toll Collection System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in MEA Country Markets
- Conduent, Inc.
- Efkon GmbH
- Kapsch Trafficcom AG
- Siemens AG
- Thales Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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