Electronic Toll Collection (ETC) Systems

Global Electronic Toll Collection (ETC) Systems Market to Reach US$19.8 Billion by 2030

The global market for Electronic Toll Collection (ETC) Systems estimated at US$12.1 Billion in the year 2024, is expected to reach US$19.8 Billion by 2030, growing at a CAGR of 8.6% over the analysis period 2024-2030. RFID, one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$13.7 Billion by the end of the analysis period. Growth in the DSRC segment is estimated at 8.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.7 Billion While China is Forecast to Grow at 10.1% CAGR

The Electronic Toll Collection (ETC) Systems market in the U.S. is estimated at US$3.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.1% and 7.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.

Global Electronic Toll Collection (ETC) Systems Market - Key Trends & Drivers Summarized

Electronic Toll Collection (ETC) systems represent a significant advancement in traffic management, providing a seamless and efficient method for toll collection on highways and bridges. These systems use various technologies, including RFID, GPS/GNSS, and video tolling, to automate toll payments, reducing the need for physical toll booths and manual transactions. By facilitating automatic toll payments, ETC systems help to reduce traffic congestion, minimize delays, and improve overall travel efficiency. Vehicles equipped with an electronic tag or transponder can pass through toll plazas without stopping, as the toll amount is automatically deducted from the user`s account. This automation not only enhances the user experience but also reduces operational costs and increases toll revenue collection efficiency for operators.

Construction of new roads and highways and refurbishment or expansion of existing networks is being undertaken by countries across the world to address traffic congestion. Public sector investments into infrastructure development projects including mega-scale road projects continues to gain momentum across the world, especially in developing economies.

Technological advancements have played a crucial role in the evolution of ETC systems. RFID technology, widely used in ETC, enables quick and accurate vehicle identification and toll deduction. The integration of GPS/GNSS has further expanded the capabilities of ETC systems, allowing for distance-based tolling and real-time traffic monitoring. Video tolling, which uses advanced camera systems and license plate recognition technology, provides an alternative for vehicles without electronic tags, ensuring that all vehicles are accounted for. Additionally, the development of interoperable ETC systems, which allow seamless toll payments across different regions and operators, has greatly enhanced the convenience and usability of these systems. Innovations in data analytics and mobile payment solutions have also contributed to the sophistication and user-friendliness of ETC systems, making them more accessible to a broader audience.

The growth in the Electronic Toll Collection market is driven by several factors, including technological advancements, government initiatives, and changing consumer behavior. The ongoing development of advanced technologies, such as RFID, GPS/GNSS, and video analytics, has significantly improved the efficiency and accuracy of ETC systems, making them more reliable and effective. Government initiatives aimed at reducing traffic congestion, lowering emissions, and improving road infrastructure are also propelling the adoption of ETC systems worldwide. The increasing trend towards smart city projects and intelligent transportation systems (ITS) further boosts the demand for ETC solutions. Consumer behavior is shifting towards a preference for convenient and hassle-free travel experiences, leading to a higher adoption rate of ETC systems. Additionally, the rising number of vehicles and the need for efficient toll collection mechanisms to support infrastructure development are key factors contributing to the market`s expansion.

SCOPE OF STUDY:

The report analyzes the Electronic Toll Collection (ETC) Systems market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Technology (RFID, DSRC, Other Technologies); Application (Highways, Urban Areas)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 77 Featured) -

• Abertis
• Sanef
• Atlantia S.p.A
• Conduent, Inc.
• Cubic® Transportation Systems, Inc.
• DENSO Corporation
• Efkon Gmbh
• Far Eastern Electronic Toll Collection Co., Ltd. (FETC)
• G.E.A.
• GeoToll
• International Road Dynamics Inc.
• Kapsch Trafficcom AG
• Magnetic Autocontrol GmbH
• Neology, Inc.
• Perceptics LLC
• Q-Free ASA
• Siemens AG
• Star Systems International Ltd.
• Thales Group
• Toll Collect GmbH
• Toshiba Corporation
• TransCore
• TRMI Systems Integration

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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