Product Code: PM2527
The global electronic toll collection market size is expected to reach USD 14.01 billion by 2030 according to a new study by Polaris Market Research. The report "Electronic Toll Collection Market Share, Size, Trends, Industry Analysis Report, By Type (Transponder-/Tag-based Tolling Systems, Other Tolling Systems); By Technology (RFID, DSRC, Others); By Offering; By Application; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising adoption of electronic toll collection systems over manual toll collection methods on roadways and highways is expected to fuel the growth of the industry over the forecast period. It is a system that is used to collect toll payments electronically and allows monetary transactions between vehicles and toll systems.
The demand for ETC is being driven by the increase in government initiatives to encourage congestion-free transportation. The ability of commuters to anticipate travel time can be impacted by traffic congestion, which can also increase fuel consumption and air pollution. To facilitate a smooth flow of vehicles, governments in several nations are urging the adoption of the industry.
The introduction of Radio-frequency Identification (RFID) sensors and the use of real-time tracking and monitoring systems for automobiles are two further technological developments that are promoting the development of the industry. Additionally, the IoT architecture's integration with rapidly improving data transmission, mobility, cloud, and sensor technologies is predicted to accelerate the growth of the industry for this technology.
Major participants such as Siemens, Cubic Corporation, Mitsubishi Heavy Industries, Ltd., FEIG, Jenoptik AG, Kapsch Trafficcom AG, Conduent, Inc., Neology, Inc., Q-Free, Raytheon Technologies Corporation, Efkon GmbH, Star Systems International Ltd., Thales, Toshiba Corporation, and Transcore are some of the key players operating in the global market.
Electronic Toll Collection Market Report Highlights
In type segment, transponder-/tag-based tolling system to account higher growth rate during forecast period due to its effectiveness than toll booths
In application segment, highways segment is expected to account for higher growth rate during forecast period owing to the rising infrastructural development across the globe
North America accounted for the largest revenue share in the global market in 2021 due to the growing technological advancements in the region
The global market is highly competitive owing to the existence of large industry players with global presence Siemens, Cubic Corporation, Mitsubishi Heavy Industries, Ltd., FEIG, Jenoptik AG, Kapsch Trafficcom AG.
Polaris market research has segmented the electronic toll collection market report on the basis of type, offering, technology, application, and region:
Electronic Toll Collection, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Transponder-/Tag-based Tolling Systems
Other Tolling Systems
Electronic Toll Collection, Offering Outlook (Revenue - USD Billion, 2018 - 2030)
Hardware
Back-office and Other Services
Electronic Toll Collection, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
RFID
DSRC
Others
Electronic Toll Collection, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Highways
Urban Areas
Electronic Toll Collection, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Russia
Asia Pacific
China
India
Japan
Singapore
South Korea
Australia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Electronic Toll Collection Market Insights
- 4.1. Electronic Toll Collection - Industry Snapshot
- 4.2. Electronic Toll Collection Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increased convenience due to cashless payments
- 4.2.1.2. High government support for increasing deployment of electronic toll collection systems
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Implementation constraints in developing countries
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Electronic Toll Collection Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Electronic Toll Collection Market, by Application
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 5.3. Highways
- 5.3.1. Global Electronic Toll Collection Market, by Highways, by Region, 2018 - 2030 (USD Billion)
- 5.4. Urban Areas
- 5.4.1. Global Electronic Toll Collection Market, by Urban Areas, by Region, 2018 - 2030 (USD Billion)
6. Global Electronic Toll Collection Market, by Offering
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 6.3. Hardware
- 6.3.1. Global Electronic Toll Collection Market, by Hardware, by Region, 2018 - 2030 (USD Billion)
- 6.4. Back-office and Other Services
- 6.4.1. Global Electronic Toll Collection Market, by Back-office and Other Services, by Region, 2018 - 2030 (USD Billion)
7. Global Electronic Toll Collection Market, by Type
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 7.3. Transponder-/Tag-based Tolling Systems
- 7.3.1. Global Electronic Toll Collection Market, by Transponder-/Tag-based Tolling Systems, by Region, 2018 - 2030 (USD Billion)
- 7.4. Other Tolling Systems
- 7.4.1. Global Electronic Toll Collection Market, by Other Tolling Systems, by Region, 2018 - 2030 (USD Billion)
8. Global Electronic Toll Collection Market, by Technology
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 8.3. RFID
- 8.3.1. Global Electronic Toll Collection Market, by RFID, by Region, 2018 - 2030 (USD Billion)
- 8.4. DSRC
- 8.4.1. Global Electronic Toll Collection Market, by DSRC, by Region, 2018 - 2030 (USD Billion)
- 8.5. Others
- 8.5.1. Global Electronic Toll Collection Market, by Others, by Region, 2018 - 2030 (USD Billion)
9. Global Electronic Toll Collection Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Electronic Toll Collection Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 9.3. Electronic Toll Collection Market - North America
- 9.3.1. North America: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.2. North America: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.3.3. North America: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.3.4. North America: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.3.5. Electronic Toll Collection Market - U.S.
- 9.3.5.1. U.S.: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.5.2. U.S.: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.3.5.3. U.S.: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.3.5.4. U.S.: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.3.6. Electronic Toll Collection Market - Canada
- 9.3.6.1. Canada: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.3.6.2. Canada: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.3.6.3. Canada: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.3.6.4. Canada: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.4. Electronic Toll Collection Market - Europe
- 9.4.1. Europe: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.2. Europe: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.3. Europe: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.4.4. Europe: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.4.5. Electronic Toll Collection Market - UK
- 9.4.5.1. UK: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.5.2. UK: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.5.3. UK: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.4.5.4. UK: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.4.6. Electronic Toll Collection Market - France
- 9.4.6.1. France: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.6.2. France: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.6.3. France: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.4.6.4. France: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.4.7. Electronic Toll Collection Market - Germany
- 9.4.7.1. Germany: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.7.2. Germany: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.7.3. Germany: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.4.7.4. Germany: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.4.8. Electronic Toll Collection Market - Italy
- 9.4.8.1. Italy: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.8.2. Italy: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.8.3. Italy: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.4.8.4. Italy: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.4.9. Electronic Toll Collection Market - Spain
- 9.4.9.1. Spain: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.9.2. Spain: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.9.3. Spain: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.4.9.4. Spain: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.4.10. Electronic Toll Collection Market - Netherlands
- 9.4.10.1. Netherlands: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.10.2. Netherlands: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.10.3. Netherlands: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.4.10.4. Netherlands: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.4.11. Electronic Toll Collection Market - Russia
- 9.4.11.1. Russia: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.4.11.2. Russia.: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.4.11.3. Russia: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.4.11.4. Russia: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.5. Electronic Toll Collection Market - Asia Pacific
- 9.5.1. Asia Pacific: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.2. Asia Pacific: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.3. Asia Pacific: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.5.4. Asia Pacific: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.5.5. Electronic Toll Collection Market - China
- 9.5.5.1. China: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.5.2. China.: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.5.3. China: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.5.5.4. China: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.5.6. Electronic Toll Collection Market - India
- 9.5.6.1. India: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.6.2. India.: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.6.3. India: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.5.6.4. India: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.5.7. Electronic Toll Collection Market - Japan
- 9.5.7.1. Japan: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.7.2. Japan.: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.7.3. Japan: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.5.7.4. Japan: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.5.8. Electronic Toll Collection Market - Malaysia
- 9.5.8.1. Malaysia: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.8.2. Malaysia.: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.8.3. Malaysia: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.5.8.4. Malaysia: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.5.9. Electronic Toll Collection Market - Indonesia
- 9.5.9.1. Indonesia: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.9.2. Indonesia.: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.9.3. Indonesia: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.5.9.4. Indonesia: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.5.10. Electronic Toll Collection Market - South Korea
- 9.5.10.1. South Korea: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.5.10.2. South Korea.: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.5.10.3. South Korea: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.5.10.4. South Korea: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.6. Electronic Toll Collection Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.2. Middle East & Africa: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.3. Middle East & Africa: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.6.4. Middle East & Africa: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.6.5. Electronic Toll Collection Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.5.2. Saudi Arabia: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.5.3. Saudi Arabia: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.6.5.4. Saudi Arabia: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.6.6. Electronic Toll Collection Market - South Africa
- 9.6.6.1. South Africa: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.6.2. South Africa: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.6.3. South Africa: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.6.6.4. South Africa: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.6.7. Electronic Toll Collection Market - Israel
- 9.6.7.1. Israel: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.7.2. Israel: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.7.3. Israel: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.6.7.4. Israel: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.6.8. Electronic Toll Collection Market - UAE
- 9.6.8.1. UAE: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.6.8.2. UAE: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.6.8.3. UAE: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.6.8.4. UAE: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.7. Electronic Toll Collection Market - Latin America
- 9.7.1. Latin America: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.2. Latin America: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.7.3. Latin America: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.7.4. Latin America: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.7.5. Electronic Toll Collection Market - Mexico
- 9.7.5.1. Mexico: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.5.2. Mexico: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.7.5.3. Mexico: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.7.5.4. Mexico: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.7.6. Electronic Toll Collection Market - Brazil
- 9.7.6.1. Brazil: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.6.2. Brazil: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.7.6.3. Brazil: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.7.6.4. Brazil: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
- 9.7.7. Electronic Toll Collection Market - Argentina
- 9.7.7.1. Argentina: Electronic Toll Collection Market, by Application, 2018 - 2030 (USD Billion)
- 9.7.7.2. Argentina: Electronic Toll Collection Market, by Technology, 2018 - 2030 (USD Billion)
- 9.7.7.3. Argentina: Electronic Toll Collection Market, by Offering, 2018 - 2030 (USD Billion)
- 9.7.7.4. Argentina: Electronic Toll Collection Market, by Type, 2018 - 2030 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Conduent, Inc.
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Benchmarking
- 11.1.4. Recent Development
- 11.2. Cubic Corporation
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Benchmarking
- 11.2.4. Recent Development
- 11.3. Efkon GmbH
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Benchmarking
- 11.3.4. Recent Development
- 11.4. Feig Electronic
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Benchmarking
- 11.4.4. Recent Development
- 11.5. Jenoptik AG
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Benchmarking
- 11.5.4. Recent Development
- 11.6. Kapsch Trafficcom AG
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Benchmarking
- 11.6.4. Recent Development
- 11.7. Mitsubishi Heavy Industries, Ltd.
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Benchmarking
- 11.7.4. Recent Development
- 11.8. Neology, Inc
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Benchmarking
- 11.8.4. Recent Development
- 11.9. Q-Free
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Benchmarking
- 11.9.4. Recent Development
- 11.10. Raytheon Technologies Corporation
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Benchmarking
- 11.10.4. Recent Development
- 11.11. Siemens
- 11.11.1. Company Overview
- 11.11.2. Financial Performance
- 11.11.3. Product Benchmarking
- 11.11.4. Recent Development
- 11.12. Star Systems International Ltd
- 11.12.1. Company Overview
- 11.12.2. Financial Performance
- 11.12.3. Product Benchmarking
- 11.12.4. Recent Development
- 11.13. Thales
- 11.13.1. Company Overview
- 11.13.2. Financial Performance
- 11.13.3. Product Benchmarking
- 11.13.4. Recent Development
- 11.14. Toshiba Corporation
- 11.14.1. Company Overview
- 11.14.2. Financial Performance
- 11.14.3. Product Benchmarking
- 11.14.4. Recent Development
- 11.15. Transcore
- 11.15.1. Company Overview
- 11.15.2. Financial Performance
- 11.15.3. Product Benchmarking
- 11.15.4. Recent Development