Electronic Toll Collection Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Electronic Toll Collection Market
The Electronic Toll Collection market size was valued at USD 7.89 billion in 2023, and the market is now projected to grow from USD 8.33 billion in 2024 to USD 16.65 billion by 2032, exhibiting a CAGR of 10.4% during the forecast period of 2024-2032.
The flare-up of the pandemic caused rise and fall in the market growth and influenced economies all over the world, in particular to the transportation and logistics segment, the impact of the COVID-19 episode was exceptionally significant as the nearby and central government authorities of different nations within the world forced a worldwide lockdown. This limited the free development of vehicles and individuals on the street. The worldwide limitations and lockdown totally exasperate the working of transportation and logistics companies. It diminished the number of vehicles running on the street at the least rate and thus retarded the electronic toll collection market growth.
The expanding selection of advanced toll installments and the surge in thruway development around the globe to drive the showcase drift. The government of India conducted the National Electronic Toll Collection (NETC) program to form mindfulness of advanced toll installments among commuters. In India, concurring to NETC Organization, commuters crossed around 2.4 billion online exchanges worth around USD 380.8 billion through advanced installment strategies. It decreased the holding up time of commuters at toll squares. ETC makes a difference to reduce the holdup time by around 2 minutes per vehicle at the toll square.
The rising request for effective activity administration arrangements in toll collection centers is driving advertise development. A well-managed activity over urban zones is critical with rising urbanization and activity blockage. This programmed toll collection framework makes a difference to oversee the activity stream and spare time at the toll square. Expanded activity on the interstates causes extra blockage at the toll squares that come about in misfortune in time and fuel. The progressed programmed toll collection framework employments a few innovations such as RFID labels, devoted brief extend communication, and others. This system spared waiting time and extra costs with conventional tolling.
Comprehensive Analysis of Electronic Toll Collection Market
The electronic toll collection market on the bifurcation of type is categorized into Automatic Vehicle Identification System (AVIS), Violation Enforcement System (VES), Automatic Vehicle Classification (AVC) and other types. The automatic vehicle identification system turns out to be the dominant part of the type segment. On the identification of technology, the market is sectioned into Global Navigation Satellite System (GNSS)/GPS, Radio Frequency Identification (RFID), video analytics, Dedicated Short-Range Communication (DSRC), cell phone tolling and others. Highway and urban area are the two parts of market segmented on the basis of end-user analysis and the highway part to play a domineer.
The continent of North America with a valuation of USD 2.68 billion is anticipated to overwhelm the electronic toll collection market share owing to early appropriation of the progressed technology-based ETC and expanding speculation toward advanced roadways. In North America, the U.S. showcase is prospering astoundingly amid the figure period owing to the fast execution of cutting-edge innovations within the street and transportation industry.
The market is conventionally isolated as typically regularly a generally modern exhibit compared to other markets inside the control electronic courses of action space. The promote is developing with extending technological headways, and there are various well-known brands such as Q-Free (Norway), Thales Group (U.S.), IRD (Canada), EFKON (Austria), Perceptics (U.S.), TRMI System Integration (Japan), Transcore Holdings, Inc. (U.S.), Mitsubishi Heavy Industries, Ltd. (Japan), Honeywell International, Inc. (U.S.), Kapsch TrafficCom AG (Austria) and many others.
In June 2022, the company Transcore Systems, a program and benefit supplier, expanded its five-year association with Ohio Turnpike and Infrastructure Commission (OTIC). Through this organization, Transcore Systems got a statewide toll collection, support, and benefit contract for another five a long time.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion)
Segmentation
By Type, Technology, End-user, and Region
Segmentation
By Type
Automatic Vehicle Classification (AVC)
Violation Enforcement System (VES)
Automatic Vehicle Identification System (AVIS)
Others (Transaction Processing/Back Office)
By Technology
Radio Frequency Identification (RFID)
Dedicated Short Range Communication (DSRC)
Global Navigation Satellite System (GNSS)/GPS
Video Analytics
Cell Phone Tolling
Others (Barcode-based ETC)
By End-user
Highway
Urban Area
By Region
North America (By Type, By Technology, By End-user, and By Country)
- U.S. (By Technology)
- Canada (By Technology)
- Mexico (By Technology)
- U.K. (By Technology)
- Germany (By Technology)
- France (By Technology)
- Italy (By Technology)
- Spain (By Technology)
- Russia (By Technology)
- Rest of Europe
- China (By Technology)
- India (By Technology)
- Japan (By Technology)
- Southeast Asia (By Technology)
- Rest of Asia Pacific
- GCC (By Technology)
- South Africa (By Technology)
- Rest of the Middle East and Africa
- Brazil (By Technology)
- Argentina (By Technology)
- Rest of South America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Electronic Toll Collection Key Players Market Share Insights and Analysis, 2021
- 5. Global Electronic Toll Collection Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 5.1.
- 5.1.1. Key Findings
- 5.1.2. By Type (USD Bn)
- 5.1.2.1. Automatic Vehicle Classification (AVC)
- 5.1.2.2. Violation Enforcement System (VES)
- 5.1.2.3. Automatic Vehicle Identification System (AVIS)
- 5.1.2.4. Others (Transaction Processing/ Back Office)
- 5.1.3. By Technology (USD Bn)
- 5.1.3.1. RFID
- 5.1.3.2. Dedicated Short Range Communication (DSRC)
- 5.1.3.3. Global Navigation Satellite System (GNSS)/GPS
- 5.1.3.4. Video Analytics
- 5.1.3.5. Cell Phone Tolling
- 5.1.3.6. Others (Barcode-based ETC)
- 5.1.4. By End-User (USD Bn)
- 5.1.4.1. High-way
- 5.1.4.2. Urban Area
- 5.1.5. By Region (USD Bn)
- 5.1.5.1. North America
- 5.1.5.2. Europe
- 5.1.5.3. Asia Pacific
- 5.1.5.4. Middle East & Africa
- 5.1.5.5. South America
- 6. North America Electronic Toll Collection Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 6.1.
- 6.1.1. Key Findings
- 6.1.2. By Type (USD Bn)
- 6.1.2.1. Automatic Vehicle Classification (AVC)
- 6.1.2.2. Violation Enforcement System (VES)
- 6.1.2.3. Automatic Vehicle Identification System (AVIS)
- 6.1.2.4. Others (Transaction Processing/ Back Office)
- 6.1.3. By Technology (USD Bn)
- 6.1.3.1. RFID
- 6.1.3.2. Dedicated Short Range Communication (DSRC)
- 6.1.3.3. Global Navigation Satellite System (GNSS)/GPS
- 6.1.3.4. Video Analytics
- 6.1.3.5. Cell Phone Tolling
- 6.1.3.6. Others (Barcode-based ETC)
- 6.1.4. By End-User (USD Bn)
- 6.1.4.1. High-way
- 6.1.4.2. Urban Area
- 6.1.5. By Country (USD Bn)
- 6.1.5.1. U.S.
- 6.1.5.1.1. By Technology
- 6.1.5.1.1.1. RFID
- 6.1.5.1.1.2. Dedicated Short Range Communication (DSRC)
- 6.1.5.1.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 6.1.5.1.1.4. Video Analytics
- 6.1.5.1.1.5. Cell Phone Tolling
- 6.1.5.1.1.6. Others (Barcode-based ETC)
- 6.1.5.2. Canada
- 6.1.5.2.1. By Technology
- 6.1.5.2.1.1. RFID
- 6.1.5.2.1.2. Dedicated Short Range Communication (DSRC)
- 6.1.5.2.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 6.1.5.2.1.4. Video Analytics
- 6.1.5.2.1.5. Cell Phone Tolling
- 6.1.5.2.1.6. Others (Barcode-based ETC)
- 6.1.5.3. Mexico
- 6.1.5.3.1. By Technology
- 6.1.5.3.1.1. RFID
- 6.1.5.3.1.2. Dedicated Short Range Communication (DSRC)
- 6.1.5.3.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 6.1.5.3.1.4. Video Analytics
- 6.1.5.3.1.5. Cell Phone Tolling
- 6.1.5.3.1.6. Others (Barcode-based ETC)
- 7. Europe Electronic Toll Collection Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 7.1.
- 7.1.1. Key Findings
- 7.1.2. By Type (USD Bn)
- 7.1.2.1. Automatic Vehicle Classification (AVC)
- 7.1.2.2. Violation Enforcement System (VES)
- 7.1.2.3. Automatic Vehicle Identification System (AVIS)
- 7.1.2.4. Others (Transaction Processing/ Back Office)
- 7.1.3. By Technology (USD Bn)
- 7.1.3.1. RFID
- 7.1.3.2. Dedicated Short Range Communication (DSRC)
- 7.1.3.3. Global Navigation Satellite System (GNSS)/GPS
- 7.1.3.4. Video Analytics
- 7.1.3.5. Cell Phone Tolling
- 7.1.3.6. Others (Barcode-based ETC)
- 7.1.4. By End-User (USD Bn)
- 7.1.4.1. High-way
- 7.1.4.2. Urban Area
- 7.1.5. By Country (USD Bn)
- 7.1.5.1. U.K.
- 7.1.5.1.1. By Technology
- 7.1.5.1.1.1. RFID
- 7.1.5.1.1.2. Dedicated Short Range Communication (DSRC)
- 7.1.5.1.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 7.1.5.1.1.4. Video Analytics
- 7.1.5.1.1.5. Cell Phone Tolling
- 7.1.5.1.1.6. Others (Barcode-based ETC)
- 7.1.5.2. Germany
- 7.1.5.2.1. By Technology
- 7.1.5.2.1.1. RFID
- 7.1.5.2.1.2. Dedicated Short Range Communication (DSRC)
- 7.1.5.2.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 7.1.5.2.1.4. Video Analytics
- 7.1.5.2.1.5. Cell Phone Tolling
- 7.1.5.2.1.6. Others (Barcode-based ETC)
- 7.1.5.3. France
- 7.1.5.3.1. By Technology
- 7.1.5.3.1.1. RFID
- 7.1.5.3.1.2. Dedicated Short Range Communication (DSRC)
- 7.1.5.3.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 7.1.5.3.1.4. Video Analytics
- 7.1.5.3.1.5. Cell Phone Tolling
- 7.1.5.3.1.6. Others (Barcode-based ETC)
- 7.1.5.4. Italy
- 7.1.5.4.1. By Technology
- 7.1.5.4.1.1. RFID
- 7.1.5.4.1.2. Dedicated Short Range Communication (DSRC)
- 7.1.5.4.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 7.1.5.4.1.4. Video Analytics
- 7.1.5.4.1.5. Cell Phone Tolling
- 7.1.5.4.1.6. Others (Barcode-based ETC)
- 7.1.5.5. Spain
- 7.1.5.5.1. By Technology
- 7.1.5.5.1.1. RFID
- 7.1.5.5.1.2. Dedicated Short Range Communication (DSRC)
- 7.1.5.5.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 7.1.5.5.1.4. Video Analytics
- 7.1.5.5.1.5. Cell Phone Tolling
- 7.1.5.5.1.6. Others (Barcode-based ETC)
- 7.1.5.6. Russia
- 7.1.5.6.1. By Technology
- 7.1.5.6.1.1. RFID
- 7.1.5.6.1.2. Dedicated Short Range Communication (DSRC)
- 7.1.5.6.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 7.1.5.6.1.4. Video Analytics
- 7.1.5.6.1.5. Cell Phone Tolling
- 7.1.5.6.1.6. Others (Barcode-based ETC)
- 7.1.5.7. Rest of Europe
- 8. Asia Pacific Electronic Toll Collection Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 8.1.
- 8.1.1. Key Findings
- 8.1.2. By Type (USD Bn)
- 8.1.2.1. Automatic Vehicle Classification (AVC)
- 8.1.2.2. Violation Enforcement System (VES)
- 8.1.2.3. Automatic Vehicle Identification System (AVIS)
- 8.1.2.4. Others (Transaction Processing/ Back Office)
- 8.1.3. By Technology (USD Bn)
- 8.1.3.1. RFID
- 8.1.3.2. Dedicated Short Range Communication (DSRC)
- 8.1.3.3. Global Navigation Satellite System (GNSS)/GPS
- 8.1.3.4. Video Analytics
- 8.1.3.5. Cell Phone Tolling
- 8.1.3.6. Others (Barcode-based ETC)
- 8.1.4. By End-User (USD Bn)
- 8.1.4.1. High-way
- 8.1.4.2. Urban Area
- 8.1.5. By Country (USD Bn)
- 8.1.5.1. China
- 8.1.5.1.1. By Technology
- 8.1.5.1.1.1. RFID
- 8.1.5.1.1.2. Dedicated Short Range Communication (DSRC)
- 8.1.5.1.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 8.1.5.1.1.4. Video Analytics
- 8.1.5.1.1.5. Cell Phone Tolling
- 8.1.5.1.1.6. Others (Barcode-based ETC)
- 8.1.5.2. India
- 8.1.5.2.1. By Technology
- 8.1.5.2.1.1. RFID
- 8.1.5.2.1.2. Dedicated Short Range Communication (DSRC)
- 8.1.5.2.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 8.1.5.2.1.4. Video Analytics
- 8.1.5.2.1.5. Cell Phone Tolling
- 8.1.5.2.1.6. Others (Barcode-based ETC)
- 8.1.5.3. Japan
- 8.1.5.3.1. By Technology
- 8.1.5.3.1.1. RFID
- 8.1.5.3.1.2. Dedicated Short Range Communication (DSRC)
- 8.1.5.3.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 8.1.5.3.1.4. Video Analytics
- 8.1.5.3.1.5. Cell Phone Tolling
- 8.1.5.3.1.6. Others (Barcode-based ETC)
- 8.1.5.4. Southeast Asia
- 8.1.5.4.1. By Technology
- 8.1.5.4.1.1. RFID
- 8.1.5.4.1.2. Dedicated Short Range Communication (DSRC)
- 8.1.5.4.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 8.1.5.4.1.4. Video Analytics
- 8.1.5.4.1.5. Cell Phone Tolling
- 8.1.5.4.1.6. Others (Barcode-based ETC)
- 8.1.5.5. Rest of Asia Pacific
- 9. Middle East and Africa Electronic Toll Collection Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 9.1.
- 9.1.1. Key Findings
- 9.1.2. By Type (USD Bn)
- 9.1.2.1. Automatic Vehicle Classification (AVC)
- 9.1.2.2. Violation Enforcement System (VES)
- 9.1.2.3. Automatic Vehicle Identification System (AVIS)
- 9.1.2.4. Others (Transaction Processing/ Back Office)
- 9.1.3. By Technology (USD Bn)
- 9.1.3.1. RFID
- 9.1.3.2. Dedicated Short Range Communication (DSRC)
- 9.1.3.3. Global Navigation Satellite System (GNSS)/GPS
- 9.1.3.4. Video Analytics
- 9.1.3.5. Cell Phone Tolling
- 9.1.3.6. Others (Barcode-based ETC)
- 9.1.4. By End-User (USD Bn)
- 9.1.4.1. High-way
- 9.1.4.2. Urban Area
- 9.1.5. By Country (USD Bn)
- 9.1.5.1. GCC
- 9.1.5.1.1. By Technology
- 9.1.5.1.1.1. RFID
- 9.1.5.1.1.2. Dedicated Short Range Communication (DSRC)
- 9.1.5.1.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 9.1.5.1.1.4. Video Analytics
- 9.1.5.1.1.5. Cell Phone Tolling
- 9.1.5.1.1.6. Others (Barcode-based ETC)
- 9.1.5.2. South Africa
- 9.1.5.2.1. By Technology
- 9.1.5.2.1.1. RFID
- 9.1.5.2.1.2. Dedicated Short Range Communication (DSRC)
- 9.1.5.2.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 9.1.5.2.1.4. Video Analytics
- 9.1.5.2.1.5. Cell Phone Tolling
- 9.1.5.2.1.6. Others (Barcode-based ETC)
- 9.1.5.3. Rest of MEA
- 10. South America Electronic Toll Collection Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2018-2029
- 10.1.
- 10.1.1. Key Findings
- 10.1.2. By Type (USD Bn)
- 10.1.2.1. Automatic Vehicle Classification (AVC)
- 10.1.2.2. Violation Enforcement System (VES)
- 10.1.2.3. Automatic Vehicle Identification System (AVIS)
- 10.1.2.4. Others (Transaction Processing/ Back Office)
- 10.1.3. By Technology (USD Bn)
- 10.1.3.1. RFID
- 10.1.3.2. Dedicated Short Range Communication (DSRC)
- 10.1.3.3. Global Navigation Satellite System (GNSS)/GPS
- 10.1.3.4. Video Analytics
- 10.1.3.5. Cell Phone Tolling
- 10.1.3.6. Others (Barcode-based ETC)
- 10.1.4. By End-User (USD Bn)
- 10.1.4.1. High-way
- 10.1.4.2. Urban Area
- 10.1.5. By Country (USD Bn)
- 10.1.5.1. Brazil
- 10.1.5.1.1. By Technology
- 10.1.5.1.1.1. RFID
- 10.1.5.1.1.2. Dedicated Short Range Communication (DSRC)
- 10.1.5.1.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 10.1.5.1.1.4. Video Analytics
- 10.1.5.1.1.5. Cell Phone Tolling
- 10.1.5.1.1.6. Others (Barcode-based ETC)
- 10.1.5.2. Argentina
- 10.1.5.2.1. By Technology
- 10.1.5.2.1.1. RFID
- 10.1.5.2.1.2. Dedicated Short Range Communication (DSRC)
- 10.1.5.2.1.3. Europe Navigation Satellite System (GNSS)/GPS
- 10.1.5.2.1.4. Video Analytics
- 10.1.5.2.1.5. Cell Phone Tolling
- 10.1.5.2.1.6. Others (Barcode-based ETC)
- 10.1.5.3. Rest of South America
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Thales Group
- 11.1.1. Overview
- 11.1.2. Offerings/Business Segments
- 11.1.3. Employee Size
- 11.1.4. Key Financials
- 11.1.5. Recent Developments
- 11.2. TRMI Systems Integration
- 11.2.1. Overview
- 11.2.2. Offerings/Business Segments
- 11.2.3. Employee Size
- 11.2.4. Key Financials
- 11.2.5. Recent Developments
- 11.3. EFKON
- 11.3.1. Overview
- 11.3.2. Offerings/Business Segments
- 11.3.3. Employee Size
- 11.3.4. Key Financials
- 11.3.5. Recent Developments
- 11.4. Honeywell International, Inc.
- 11.4.1. Overview
- 11.4.2. Offerings/Business Segments
- 11.4.3. Employee Size
- 11.4.4. Key Financials
- 11.4.5. Recent Developments
- 11.5. Kapsch TrafficCom AG
- 11.5.1. Overview
- 11.5.2. Offerings/Business Segments
- 11.5.3. Employee Size
- 11.5.4. Key Financials
- 11.5.5. Recent Developments
- 11.6. Mitsubishi Heavy Industries, Ltd.
- 11.6.1. Overview
- 11.6.2. Offerings/Business Segments
- 11.6.3. Employee Size
- 11.6.4. Key Financials
- 11.6.5. Recent Developments
- 11.7. Perceptics
- 11.7.1. Overview
- 11.7.2. Offerings/Business Segments
- 11.7.3. Employee Size
- 11.7.4. Key Financials
- 11.7.5. Recent Developments
- 11.8. Q-Free
- 11.8.1. Overview
- 11.8.2. Offerings/Business Segments
- 11.8.3. Employee Size
- 11.8.4. Key Financials
- 11.8.5. Recent Developments
- 11.9. IRD
- 11.9.1. Overview
- 11.9.2. Offerings/Business Segments
- 11.9.3. Employee Size
- 11.9.4. Key Financials
- 11.9.5. Recent Developments
- 11.10. Transcore Holdings, Inc.
- 11.10.1. Overview
- 11.10.2. Offerings/Business Segments
- 11.10.3. Employee Size
- 11.10.4. Key Financials
- 11.10.5. Recent Developments
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