North America Electronic Toll Collection Market Size, Share & Industry Trends Analysis Report By Type (Transponder-/Tag-based Tolling Systems and Other Tolling Systems), By Technology, By Offering, By Application, By Country and Growth Forecast, 2022 - 20

North America Electronic Toll Collection Market Size, Share & Industry Trends Analysis Report By Type (Transponder-/Tag-based Tolling Systems and Other Tolling Systems), By Technology, By Offering, By Application, By Country and Growth Forecast, 2022 - 2028

The North America Electronic Toll Collection Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).

Electronic toll collection is a more affordable option than a staffed booth since it delivers transparency and lowers transaction costs for government organizations. Further, advantages like shorter wait times, enhanced safety, and improved traffic are set to propel the use of electronic toll collection booths, driving the electronic toll collection market ahead.

Cashless tolling, which is already in use on a number of toll roads & bridges, is the way of the tolling future. Numerous avenues exist for the general population to gain from the system. Because cars do not have to stop or slow down in order to pay their toll at a physical booth, cashless tolling in particular makes travel speedier and more convenient. The benefits include decreased engine idling, less fuel being spent, and fewer toll plaza accidents.

The North American road system has developed over time into a sophisticated network of physical infrastructure, including bridges, roads, & overpasses, all of which are intended to handle heavy traffic. An equally complex network of human systems focused on a hierarchy of governmental agencies and their related financial backing, has established the system and continues to alter and maintain it. The development of the road network took place over several decades, in part due to changes in transportation technology and the availability of resources.

The US market dominated the North America Electronic Toll Collection Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,966.2 million by 2028. The Canada market is poised to grow at a CAGR of 7.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.8% during (2022 - 2028).

Based on Type, the market is segmented into Transponder-/Tag-based Tolling Systems and Other Tolling Systems. Based on Technology, the market is segmented into RFID, Dedicated Short-Range Communication (DSRC), and Others. Based on Offering, the market is segmented into Back-office & Other Services and Hardware. Based on Application, the market is segmented into Highways and Urban Areas. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Raytheon Technologies Corporation, Kapsch TrafficCom AG (Datax Handels Gmbh), Conduent, Incorporated, Cubic Corporation, Siemens AG, TransCore (ST Engineering), Efkon GmbH (STRABAG SE), and FEIG ELECTRONIC GmbH.

Scope of the Study

Market Segments covered in the Report:

By Type

  • Transponder-/Tag-based Tolling Systems
  • Other Tolling Systems
By Technology
  • RFID
  • Dedicated Short-Range Communication (DSRC)
  • Others
By Offering
  • Back-office & Other Services
  • Hardware
By Application
  • Highways
  • Urban Areas
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Thales Group S.A.
  • Raytheon Technologies Corporation
  • Kapsch TrafficCom AG (Datax Handels Gmbh)
  • Conduent, Incorporated
  • Cubic Corporation
  • Siemens AG
  • TransCore (ST Engineering)
  • Efkon GmbH (STRABAG SE)
  • FEIG ELECTRONIC GmbH
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electronic Toll Collection Market, by Type
1.4.2 North America Electronic Toll Collection Market, by Technology
1.4.3 North America Electronic Toll Collection Market, by Offering
1.4.4 North America Electronic Toll Collection Market, by Application
1.4.5 North America Electronic Toll Collection Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Electronic Toll Collection Market by Type
3.1 North America Transponder-/Tag-based Tolling Systems Market by Country
3.2 North America Other Tolling Systems Market by Country
Chapter 4. North America Electronic Toll Collection Market by Technology
4.1 North America RFID Market by Country
4.2 North America Dedicated Short-Range Communication (DSRC) Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Electronic Toll Collection Market by Offering
5.1 North America Back-office & Other Services Market by Country
5.2 North America Hardware Market by Country
Chapter 6. North America Electronic Toll Collection Market by Application
6.1 North America Highways Market by Country
6.2 North America Urban Areas Market by Country
Chapter 7. North America Electronic Toll Collection Market by Country
7.1 US Electronic Toll Collection Market
7.1.1 US Electronic Toll Collection Market by Type
7.1.2 US Electronic Toll Collection Market by Technology
7.1.3 US Electronic Toll Collection Market by Offering
7.1.4 US Electronic Toll Collection Market by Application
7.2 Canada Electronic Toll Collection Market
7.2.1 Canada Electronic Toll Collection Market by Type
7.2.2 Canada Electronic Toll Collection Market by Technology
7.2.3 Canada Electronic Toll Collection Market by Offering
7.2.4 Canada Electronic Toll Collection Market by Application
7.3 Mexico Electronic Toll Collection Market
7.3.1 Mexico Electronic Toll Collection Market by Type
7.3.2 Mexico Electronic Toll Collection Market by Technology
7.3.3 Mexico Electronic Toll Collection Market by Offering
7.3.4 Mexico Electronic Toll Collection Market by Application
7.4 Rest of North America Electronic Toll Collection Market
7.4.1 Rest of North America Electronic Toll Collection Market by Type
7.4.2 Rest of North America Electronic Toll Collection Market by Technology
7.4.3 Rest of North America Electronic Toll Collection Market by Offering
7.4.4 Rest of North America Electronic Toll Collection Market by Application
Chapter 8. Company Profiles
8.1 Thales Group S.A.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research and Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.2 Raytheon Technologies Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 Kapsch TrafficCom AG (Datax Handelsgmbh)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Geographical Expansions:
8.4 Conduent, Incorporated
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.5 Cubic Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research and Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Siemens AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 TransCore (ST Engineering)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.8 EFKON GmbH (STRABAG SE)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 FEIG ELECTRONIC GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Acquisition and Mergers:
8.10. Neology Inc. (One Equity Partners)
8.10.1 Company Overview

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