Electronic Toll Collection Market

Electronic Toll Collection Market with COVID-19 Impact Analysis by Technology (RFID, DSRC, ANPR/ALPR, and Satellite-Based), Offering (Hardware, and Back Office and Other Services), Application , Type, and Region - Global Forecast to 2025

Report Code: SE 3461 Jul, 2020, by marketsandmarkets.com

[165 Pages Report]The electronic toll collection market is projected to reach USD 10.0 billion by 2025 from USD 6.9 billion in 2020; it is expected to grow at a CAGR of 7.7% during the forecast period. Major drivers for the growth of the market are ETC as an effective solution to reduce traffic congestion, accidents, and environmental pollution; strong government support to accelerate electronic toll collection; greater convenience and flexibility of cashless payments; and increased use of advanced technologies in transportation infrastructure.

Electronic Toll Collection Market

Impact of COVID-19 on Electronic Toll Collection Market:

The world is facing an economic crisis caused by COVID-19 pandemic. The pandemic has severely affected various industries such as automotive, construction, transportation, semiconductor, etc. Manufacturing units are hampered due to shutdowns and the availability of labor or raw materials. This has resulted in a huge gap between supply and demand. Further, there is a restriction on foreign trades due to the lockdown of international borders, non-operational distribution channels, and various government laws to take precautionary measures for public health and safety.

Electronic tolling systems are a combination of several electronic components and devices, such as transponders, cameras, RFID chips, controllers, and processors. Major suppliers of components and raw materials are originated from countries such as China and the US, which are among the worst affected countries due to COVID-19. As a result, borders are sealed, and strict lockdowns are enforced as preventive measures, thereby having a direct impact on the supply chain of electronic components and devices. Anticipated delay in supply of raw materials to manufacturers who meet the requirements of tolling system integrators, as well as delay in delivery of products to integrators due to stringent regulations and guidelines formulated in the transacting countries are expected to cause sequential effects for a longer period in 2020, leading to supply chain disruptions.

Market Dynamics:

Driver: Strong government support to accelerate electronic toll collection

The ETC market is mainly driven by the initiatives undertaken by different governments to achieve congestion-free or speedy freight transportation on highways and urban areas. To encourage consumption of ETC services, countries are carrying out concessional schemes for drivers. The significant growth of the ETC market is primarily driven by the government initiatives in developing countries for the implementation of ETC systems on highways. Such initiatives aim to enable the smooth flow of vehicles and solve the problem of queues at toll plazas by collecting toll charges electronically.

Restraint: Implementation constraints in emergent nations

Road infrastructure and telecommunication technology are among the basic elements that need to be on top for the installation of an ETC system. Economically developing countries lack suitable infrastructure, along with the absence of required technology, affecting the penetration of ETC systems in these markets. Poor communications infrastructure such as lack of mobile penetration, internet, and computer; inadequate transportation; illiteracy; limitations on electricity supply; and shortage of other key resources are some of the factors that restrict domestic and foreign investments in such countries, which further obstructing the growth of advanced transportation systems, such as ETC, in such countries. Additionally, the outbreak of the COVID-19 pandemic is also expected to have a considerable negative impact on the economic conditions of these countries.

Opportunity: Rising number of public-private partnership agreements in transportation sector

ETC systems are not easy to deploy by a single stakeholder; it requires the collaboration of multiple entities, including telecom operators, infrastructure providers, manufacturers, service providers, public sector, and user groups. Thus, the public–private partnership (PPP) model can be a key to the successful implementation of the integrated ETC system.

In November 2019, new tolls on an 8-mile stretch of Interstate 395 in Northern Virginia, US, initiated operations adding to the state’s growing network of toll lanes. The 3 new reversible high-occupancy toll (HOT) lanes, which replaced the 2 high-occupancy-vehicle (HOV) lanes, are the result of a PPP between Virginia and Transurban (Australia), a road operator company that manages and develops urban toll road networks. Transurban (Australia) is expected to manage and operate the new toll lanes. Such developments in the US are observed as some of the latest additions to the growing trend in the country for PPP, creating growth opportunities for the ETC market.

Challenge: Issues related to interoperability, common, standards, as well as selection of toll technology

Current issues for implementing ETC systems are related to interoperability and technology selection. Although some toll facilities at certain locations are currently interoperable (that is, one tag can be used at all toll facilities), there is a lack of interoperability standards with other states and with toll facilities at border crossings of the states or countries. The need for interoperability between border crossings and toll roads will continue to increase, especially for the toll roads that are built near the border. Further, technology selection directly impacts interoperability.

Based on application, highways held larger share of the electronic toll collection market in 2019.

The electronic toll collection market for highways is significantly driven by its adoption, mainly in developing countries. Strong government initiatives are likely to add electronic toll collection options at existing toll plazas on highways, which is expected to create tremendous growth opportunities for the ETC market for highway applications. ETC systems play a crucial role in collecting a toll on highways, tunnels, and bridges. Conventional or manual toll collection has been transitioning to all-electronic tolling (AET) and high-tech transportation systems. Highways often have high-speed traffic, and traffic congestion may lead to fatal accidents and emission of toxic gases. To ensure safety and maintain the free flow of traffic, governments across the world focus of implementing electronic toll collection systems on highways.

The transponder-/tag-based tolling systems segment projected to account for large size of the electronic toll collection market during the forecast period.

Transponders have been widely used for vehicle identification in different countries. Transponders or tags are mounted on vehicles to communicate with the roadside equipment and carry out toll payment transaction without the need to stop a car. Transponders consist of basic information, including the identification number, toll facility, and vehicle type, among others. The vehicle identification number is linked to the customer’s account from which the appropriate toll is automatically deducted, or the customer is billed. The use of transponder-based tolling systems has ensured lower emissions from vehicles.

North America estimated to account for the largest size of the electronic toll collection market in 2019.

Electronic Toll Collection Market  by Region

North America is expected to continue to lead the electronic toll collection market by capturing the largest market size throughout the forecast period. The US and Canada are the key countries in North America with most vehicles per person, which is one of the most contributing factors to the growth of the electronic toll collection market. Additionally, both the countries have the largest networks of interstate and state highways wherein advanced toll collection systems are installed at many locations, and several toll installation projects are in progress for lanes with high traffic. Leading companies such as TransCore (US), Raytheon (US), and Conduent (US) in the electronic toll collection market have their base in North America while having operations in countries across the world. They contribute significantly to the growth of the electronic toll collection market in the region.

APAC to witness the highest CAGR in electronic toll collection market during the forecast period

Electronic Toll Collection Market  by Region

APAC is expected to witness a considerable growth rate during the forecast period. Factors providing growth opportunities to the electronic toll collection market in this region include strong government initiatives to introduce and promote the use of electronic toll collection systems, rapid urbanization demanding improved road networks, and high adoption rate of electronic toll systems in developing nations such as India, South Korea, Australia, and Malaysia. Developed countries in the region such as China and Japan have been significantly contributing to the market growth as they had electronic toll systems installed on existing and newly developed highway infrastructures.

Key Market Players

Kapsch TrafficCom (Austria), Conduent Business Services, LLC (US), EFKON GmbH (Austria), TransCore (US), Thales Group (France), Raytheon Technologies Corporation (US), Cubic Corporation (US), Siemens (Germany), Neology, Inc. (US), and VINCI (France) are a few major players in the electronic toll collection market.

Report Scope

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD) Billion/million

Segments covered

Type, technology, offering, and application

Regions covered

North America, Europe, APAC, and RoW

Companies covered

Kapsch TrafficCom (Austria), Conduent Business Services, LLC (US), EFKON GmbH (Austria), TransCore (US), Thales Group (France), Raytheon Technologies Corporation (US), Cubic Corporation (US), Siemens (Germany), Neology, Inc. (US), VINCI (France), and Feig Electronic GmbH (Germany) are a few major players in the electronic toll collection market.

Electronic Toll Collection Market Segmentation:

In this report, the electronic toll collection market has been segmented into the following categories:

By Type:

  • Transponder-/Tag-based Tolling Systems
  • Other Tolling Systems

By Technology:

  • RFID
  • DSRC
  • Others (GPS, GNSS, ANPR etc.)

By Offering:

  • Hardware
  • Back Office and Other Services

By Application:

  • Highways
  • Urban Areas

By Region:

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  1. In June 2019, Kapsch TrafficCom signed a contract with the Canadian IBI Group to expand its toll management footprint in Europe by equipping the Olympia Odos Greek motorway with 30 free-flow rebate stations.
  2. In January 2019, the Buffalo and Fort Erie Public Bridge Authority (US) selected TransCore to develop an integrated electronic toll collection and border analytics system on the Peace Bridge, which crosses the Niagara River, connecting Buffalo, New York, and Fort Erie, Ontario.
  3. In November 2018, Conduent signed a contract with the Los Angeles County Metropolitan Transportation Authority (Metro) to deploy a new tolling platform, which enabled Metro to use enhanced analytics capabilities on ExpressLanes to cut congestion.
  4. In November 2018, Kapsch TrafficCom acquired eTrans Systems (eTrans), which is a Virginia-based provider of connected and autonomous vehicle (CAV) solutions that provide the foundation for a wide range of safety and mobility applications.
  5. In March 2018, Kapsch TrafficCom and Axxès SAS (France) collaborated to launch an onboard unit (OBU), which is certified for the EETS.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 ELECTRONIC TOLL COLLECTION MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA
           FIGURE 2 ELECTRONIC TOLL COLLECTION MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
           FIGURE 3 ELECTRONIC TOLL COLLECTION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/SERVICES OFFERED IN ELECTRONIC TOLL COLLECTION MARKET
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ADOPTION LEVEL OF ELECTRONIC TOLL COLLECTION BY DIFFERENT END USERS
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for obtaining market size using bottom-up analysis
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.2 Top-down approach
                    2.2.1.3 Approach for obtaining market size using top-down analysis
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           FIGURE 9 ASSUMPTIONS OF RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 36)
    FIGURE 10 TRANSPONDER-/TAG-BASED TOLLING SYSTEMS TO CONTINUE TO COMMAND ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
    FIGURE 11 RFID TECHNOLOGY-BASED ELECTRONIC TOLL COLLECTION SYSTEMS TO CONTINUE TO ACCOUNT FOR LARGEST MARKET SIZE THROUGHOUT FORECAST PERIOD
    FIGURE 12 BACK OFFICE OPERATIONS AND OTHER SERVICES TO WITNESS HIGHER CAGR IN ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
    FIGURE 13 HIGHWAYS TO REGISTER HIGHER CAGR IN ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, DURING FORECAST PERIOD
    FIGURE 14 ELECTRONIC TOLL COLLECTION MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    3.1 COVID-19 IMPACT ON ELECTRONIC TOLL COLLECTION MARKET
           FIGURE 15 ELECTRONIC TOLL COLLECTION MARKET – SCENARIO ANALYSIS

4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRONIC TOLL COLLECTION MARKET
           FIGURE 16 GOVERNMENT INITIATIVES TO REDUCE CONGESTION TO DRIVE GROWTH OF ELECTRONIC TOLL COLLECTION MARKET
    4.2 ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY TECHNOLOGY AND OFFERING
           FIGURE 17 RFID-BASED ETC SYSTEMS AND BACK OFFICE SERVICES HELD LARGEST SHARE OF NORTH AMERICAN MARKET IN 2019
    4.3 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION
           FIGURE 18 HIGHWAYS TO CONTINUE TO DOMINATE ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
    4.4 COUNTRY-WISE ELECTRONIC TOLL COLLECTION MARKET GROWTH RATE
           FIGURE 19 CHINA TO RECORD HIGHEST CAGR IN GLOBAL ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 44)
    5.1 MARKET DYNAMICS
           FIGURE 20 ETC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.1.1 DRIVERS
           FIGURE 21 ETC MARKET DRIVERS AND THEIR IMPACT
                    5.1.1.1 Effective solution to reduce traffic congestion, accidents, and environmental pollution
                    5.1.1.2 Strong government support to accelerate electronic toll collection
                    5.1.1.3 Greater convenience and flexibility of cashless payments
                    5.1.1.4 Increased use of advanced digital technologies in transportation infrastructure
           5.1.2 RESTRAINTS
                    5.1.2.1 Implementation constraints in emergent nations
           5.1.3 OPPORTUNITIES
                    FIGURE 22 ETC MARKET OPPORTUNITIES AND THEIR IMPACT
                    5.1.3.1 Growing utilization of blockchain technology in toll collection systems
                    5.1.3.2 Rising number of public–private partnership agreements in transportation sector
                    5.1.3.3 Increasing transition to all-electronic tolling systems from manual or coin-based tolling systems
           5.1.4 CHALLENGES
                    FIGURE 23 ETC MARKET RESTRAINTS AND CHALLENGES AND THEIR IMPACT
                    5.1.4.1 Issues related to interoperability, common standards, as well as selection of toll technology

6 INDUSTRY TRENDS (Page No. - 51)
    6.1 VALUE CHAIN ANALYSIS
           FIGURE 24 ELECTRONIC TOLL COLLECTION VALUE CHAIN
    6.2 CASE STUDY ANALYSIS
           6.2.1 MASSACHUSETTS DEPARTMENT OF TRANSPORTATION (MASSDOT)
                    TABLE 1 BENEFITS OF UPGRADED BACK OFFICE SOLUTION BY TRANSCORE TO ENHANCE OVERALL E-ZPASS CUSTOMER SERVICE EXPERIENCE
           6.2.2 MINISTRY OF ROAD TRANSPORT AND HIGHWAYS AND NATIONAL HIGHWAYS AUTHORITY OF INDIA
                    TABLE 2 STAR SYSTEMS (HONG KONG) PROVIDED ITS EXPERTISE IN RFID ELECTRONIC TOLL COLLECTION EQUIPMENT FOR TOLL PLAZAS IN INDIA
           6.2.3 PROMOTORA Y OPERADORA DE INFRAESTRUCTURA (PINFRA)
                    TABLE 3 SICE IMPLEMENTED ELECTRONIC TOLL SYSTEMS IN MEXICO
           6.2.4 GOVERNMENT OF BRAZIL
                    TABLE 4 GOVERNMENT OF BRAZIL WORKED WITH INTEL AND LOCAL INDUSTRIES FOR SMART HIGHWAY SYSTEMS
    6.3 REGION-WISE RECENT DEVELOPMENTS IN ELECTRONIC TOLL COLLECTION MARKET
           TABLE 5 DEVELOPMENTS IN NORTH AMERICA
           TABLE 6 DEVELOPMENTS IN EUROPE
           TABLE 7 DEVELOPMENTS IN APAC
    6.4 TOLL PAYMENT METHODS
           6.4.1 INTRODUCTION
           6.4.2 PREPAID TOLL PAYMENTS
           6.4.3 POST-PAID TOLL PAYMENTS
           6.4.4 PREPAID/POST-PAID COMBINATION
    6.5 PARAMETERS FOR CHARGING TOLL AMOUNT
           6.5.1 INTRODUCTION
           6.5.2 DISTANCE BASED
           6.5.3 POINT BASED
           6.5.4 TIME BASED
           6.5.5 PERIMETER BASED
    6.6 COVID-19 OVERVIEW
           6.6.1 OVERVIEW AND STATISTICS

7 ELECTRONIC TOLL COLLECTION MARKET, BY TYPE (Page No. - 60)
    7.1 INTRODUCTION
           FIGURE 25 TRANSPONDER-/TAG-BASED TOLLING SYSTEMS TO DOMINATE ELECTRONIC TOLL COLLECTION MARKET THROUGHOUT FORECAST PERIOD
           TABLE 8 ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2017–2025 (USD MILLION)
    7.2 TRANSPONDER-/TAG-BASED TOLLING SYSTEMS
           TABLE 9 ELECTRONIC TOLL COLLECTION MARKET FOR TRANSPONDER-/TAG-BASED TOLLING SYSTEMS, BY REGION, 2017–2025 (USD MILLION)
           FIGURE 26 PRE- AND POST-COVID-19 IMPACT ANALYSIS FOR TRANSPONDER-/TAG-BASED TOLLING SYSTEM MARKET
    7.3 OTHER TOLLING SYSTEMS
           TABLE 10 ELECTRONIC TOLL COLLECTION MARKET FOR OTHER TOLLING SYSTEMS, BY REGION, 2017–2025 (USD MILLION)
           FIGURE 27 PRE- AND POST-COVID-19 IMPACT ANALYSIS FOR OTHER TOLLING SYSTEMS
    7.4 IMPACT OF COVID-19 ON TYPES OF TOLLING SYSTEMS

8 ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY (Page No. - 65)
    8.1 INTRODUCTION
           FIGURE 28 RFID TECHNOLOGY TO ACCOUNT FOR LARGEST SIZE OF ELECTRONIC TOLL COLLECTION MARKET IN 2025
           TABLE 11 ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017–2025 (USD BILLION)
    8.2 RADIO-FREQUENCY IDENTIFICATION (RFID)
           8.2.1 RFID REMAINS LARGELY ADOPTED TECHNOLOGY IN GLOBAL ELECTRONIC TOLL COLLECTION MARKET
                    FIGURE 29 PRE- AND POST-COVID-19 ANALYSIS OF MARKET FOR RFID TECHNOLOGY-BASED ELECTRONIC TOLL COLLECTION SYSTEMS
    8.3 DEDICATED SHORT-RANGE COMMUNICATION (DSRC)
           8.3.1 HIGH ADOPTION OF DSRC TECHNOLOGY-BASED ETC SYSTEMS IN EUROPE BOOSTS MARKET GROWTH
                    FIGURE 30 PRE- AND POST-COVID-19 ANALYSIS OF MARKET FOR DSRC TECHNOLOGY-BASED ELECTRONIC TOLL COLLECTION SYSTEMS
    8.4 OTHER TECHNOLOGIES
           8.4.1 BOOMING TREND OF GNSS-/GPS-ENABLED ELECTRONIC TOLL COLLECTION TECHNIQUES TO PROPEL MARKET GROWTH
                    FIGURE 31 PRE- AND POST-COVID-19 ANALYSIS OF MARKET FOR ELECTRONIC TOLL COLLECTION SYSTEMS BASED ON OTHER TECHNOLOGIES
    8.5 IMPACT OF COVID-19 ON TECHNOLOGIES OF TOLLING SYSTEMS

9 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING (Page No. - 72)
    9.1 INTRODUCTION
           FIGURE 32 BACK OFFICE AND OTHER SERVICES TO CONTINUE TO COMMAND ELECTRONIC TOLL COLLECTION MARKET DURING FORECAST PERIOD
           TABLE 12 ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2017–2025 (USD BILLION)
    9.2 HARDWARE
           9.2.1 HIGH ADOPTION OF ADVANCED TOLLING SYSTEMS TO BOOST DEMAND FOR HARDWARE OFFERINGS
                    TABLE 13 ELECTRONIC TOLL COLLECTION MARKET FOR HARDWARE, BY REGION, 2017–2025 (USD MILLION)
                    FIGURE 33 PRE- AND POST-COVID-19 ANALYSIS OF MARKET FOR HARDWARE USED IN ELECTRONIC TOLL COLLECTION SYSTEMS, 2020–2025 (USD MILLION)
    9.3 BACK OFFICE AND OTHER SERVICES
           9.3.1 INCREASED REQUIREMENT TO PROCESS HIGH VOLUME OF TRANSACTIONS CREATING DEMAND FOR BACK OFFICE AND OTHER SERVICES
                    TABLE 14 ELECTRONIC TOLL COLLECTION MARKET FOR BACK OFFICE AND OTHER SERVICES, BY REGION, 2017–2025 (USD MILLION)
                    FIGURE 34 PRE- AND POST-COVID-19 ANALYSIS OF MARKET FOR BACK OFFICE AND OTHER SERVICES, 2017–2025 (USD MILLION)
    9.4 IMPACT OF COVID-19 ON HARDWARE AND SERVICE OFFERINGS RELATED TO TOLLING SYSTEMS

10 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION (Page No. - 77)
     10.1 INTRODUCTION
               FIGURE 35 HIGHWAYS APPLICATION TO CONTINUE TO LEAD ELECTRONIC TOLL COLLECTION MARKET DURING 2020–2025
               TABLE 15 ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
     10.2 HIGHWAYS
             10.2.1 GOVERNMENTS PLANS TO PROMOTE FASTER DIGITAL PAYMENTS AT TOLL PLAZAS ACCELERATE DEMAND FOR ETC SYSTEMS ON HIGHWAYS
                       TABLE 16 ELECTRONIC TOLL COLLECTION MARKET FOR HIGHWAYS, BY REGION, 2017–2025 (USD MILLION)
                       FIGURE 36 PRE- AND POST-COVID-19 ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR HIGHWAYS, 2020–2025 (USD MILLION)
     10.3 URBAN AREAS
             10.3.1 DEPLOYMENT OF ETC SOLUTIONS TO ENSURE CONGESTION-FREE TRAFFIC FLOW IN URBAN AREAS PROPELS MARKET GROWTH
                       TABLE 17 ELECTRONIC TOLL COLLECTION MARKET FOR URBAN AREAS, BY REGION, 2017–2025 (USD MILLION)
                       FIGURE 37 PRE- AND POST-COVID-19 ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR URBAN AREAS, 2020–2025 (USD MILLION)
     10.4 IMPACT OF COVID-19 ON APPLICATIONS

11 GEOGRAPHICAL ANALYSIS (Page No. - 82)
     11.1 INTRODUCTION
               FIGURE 38 NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF ELECTRONIC TOLL COLLECTION MARKET IN 2025
               TABLE 18 ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2017–2025 (USD MILLION)
     11.2 NORTH AMERICA
               TABLE 19 ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
               TABLE 20 ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
               TABLE 21 ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2017–2025 (USD MILLION)
               TABLE 22 ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY OFFERING, 2017–2025 (USD MILLION)
               TABLE 23 ELECTRONIC TOLL MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
               FIGURE 39 ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT: NORTH AMERICA
             11.2.1 IMPACT OF COVID-19 ON ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA
                       FIGURE 40 PRE- AND POST-COVID-19 ANALYSIS FOR ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, 2020–2025 (USD MILLION)
             11.2.2 US
                       11.2.2.1 US to continue to dominate electronic toll collection market in North America throughout forecast period
                                   TABLE 24 ELECTRONIC TOLL COLLECTION MARKET IN US, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 25 ELECTRONIC TOLL COLLECTION MARKET IN US, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 26 ELECTRONIC TOLL COLLECTION MARKET IN US, BY APPLICATION, 2017–2025 (USD MILLION)
             11.2.3 CANADA
                       11.2.3.1 Canada to exhibit implementation of ETC systems on major highways and bridges connecting cities
                                   TABLE 27 ELECTRONIC TOLL COLLECTION MARKET IN CANADA, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 28 ELECTRONIC TOLL COLLECTION MARKET IN CANADA, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 29 ELECTRONIC TOLL COLLECTION MARKET IN CANADA, BY APPLICATION, 2017–2025 (USD MILLION)
             11.2.4 MEXICO
                       11.2.4.1 Mexico to carry out highway development projects to connect neighboring countries propelling market growth
                                   TABLE 30 ELECTRONIC TOLL COLLECTION MARKET IN MEXICO, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 31 ELECTRONIC TOLL COLLECTION MARKET IN MEXICO, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 32 ELECTRONIC TOLL COLLECTION MARKET IN MEXICO, BY APPLICATION, 2017–2025 (USD MILLION)
     11.3 EUROPE
               TABLE 33 ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
               TABLE 34 ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
               TABLE 35 ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY TECHNOLOGY, 2017–2025 (USD MILLION)
               TABLE 36 ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY OFFERING, 2017–2025 (USD MILLION)
               TABLE 37 ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
               FIGURE 41 ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT: EUROPE
             11.3.1 IMPACT OF COVID-19 ON ELECTRONIC TOLL COLLECTION MARKET IN EUROPE
                       FIGURE 42 PRE- AND POST-COVID-19 ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, 2020–2025 (USD MILLION)
             11.3.2 EU5
                       11.3.2.1 Collaborations between automotive companies and technology providers fuel market growth
                                   TABLE 38 ELECTRONIC TOLL COLLECTION MARKET IN EU5, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 39 ELECTRONIC TOLL COLLECTION MARKET IN EU5, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 40 ELECTRONIC TOLL COLLECTION MARKET IN EU5, BY APPLICATION, 2017–2025 (USD MILLION)
             11.3.3 WESTERN EUROPE
                       11.3.3.1 New installations and modification of electronic toll systems in western Europe foster market growth
                                   TABLE 41 ELECTRONIC TOLL COLLECTION MARKET IN WESTERN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 42 ELECTRONIC TOLL COLLECTION MARKET WESTERN EUROPE, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 43 ELECTRONIC TOLL COLLECTION MARKET IN WESTERN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
             11.3.4 REST OF EUROPE
                       TABLE 44 ELECTRONIC TOLL COLLECTION MARKET IN REST OF EUROPE, BY TYPE, 2017–2025 (USD MILLION)
                       TABLE 45 ELECTRONIC TOLL COLLECTION MARKET IN REST OF EUROPE, BY OFFERING, 2017–2025 (USD MILLION)
                       TABLE 46 ELECTRONIC TOLL COLLECTION MARKET IN REST OF EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
     11.4 APAC
               TABLE 47 ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
               TABLE 48 ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY TYPE, 2017–2025 (USD MILLION)
               TABLE 49 ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY TECHNOLOGY, 2017–2025 (USD MILLION)
               TABLE 50 ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY OFFERING, 2017–2025 (USD MILLION)
               TABLE 51 ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
               FIGURE 43 ELECTRONIC TOLL COLLECTION MARKET SNAPSHOT: APAC
             11.4.1 IMPACT OF COVID-19 ON ELECTRONIC TOLL COLLECTION MARKET IN APAC
                       FIGURE 44 PRE- AND POST-COVID-19 IMPACT ON ELECTRONIC TOLL COLLECTION MARKET IN APAC, 2020–2025 (USD MILLION)
             11.4.2 CHINA
                       11.4.2.1 China to hold prominent share of electronic toll collection market in APAC in 2025
                                   TABLE 52 ELECTRONIC TOLL COLLECTION MARKET IN CHINA, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 53 ELECTRONIC TOLL COLLECTION MARKET IN CHINA, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 54 ELECTRONIC TOLL COLLECTION MARKET IN CHINA, BY APPLICATION, 2017–2025 (USD MILLION)
             11.4.3 JAPAN
                       11.4.3.1 Technologically equipped ecosystem offers potential growth opportunities for ETC market
                                   TABLE 55 ELECTRONIC TOLL COLLECTION MARKET IN JAPAN, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 56 ELECTRONIC TOLL COLLECTION MARKET IN JAPAN, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 57 ELECTRONIC TOLL COLLECTION MARKET IN JAPAN, BY APPLICATION, 2017–2025 (USD MILLION)
             11.4.4 SOUTH KOREA
                       11.4.4.1 Major developments such as Hi-pass cards foster South Korean market growth
                                   TABLE 58 ELECTRONIC TOLL COLLECTION MARKET IN SOUTH KOREA, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 59 ELECTRONIC TOLL COLLECTION MARKET IN SOUTH KOREA, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 60 ELECTRONIC TOLL COLLECTION MARKET IN SOUTH KOREA, BY APPLICATION, 2017–2025 (USD MILLION)
             11.4.5 REST OF APAC
                       TABLE 61 ELECTRONIC TOLL COLLECTION MARKET REST OF APAC, BY TYPE, 2017–2025 (USD MILLION)
                       TABLE 62 ELECTRONIC TOLL COLLECTION MARKET REST OF APAC, BY OFFERING, 2017–2025 (USD MILLION)
                       TABLE 63 ELECTRONIC TOLL COLLECTION MARKET IN REST OF APAC, BY APPLICATION, 2017–2025 (USD MILLION)
     11.5 ROW
               TABLE 64 ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
               TABLE 65 ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY TYPE, 2017–2025 (USD MILLION)
               TABLE 66 ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY TECHNOLOGY, 2017–2025 (USD MILLION)
               TABLE 67 ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY OFFERING, 2017–2025 (USD MILLION)
               TABLE 68 ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
             11.5.1 IMPACT OF COVID-19 ON ELECTRONIC TOLL COLLECTION MARKET IN ROW
                       FIGURE 45 PRE- AND POST-COVID-19 ANALYSIS FOR ELECTRONIC TOLL COLLECTION MARKET IN ROW, 2020–2025 (USD MILLION)
             11.5.2 MIDDLE EAST AND AFRICA
                       11.5.2.1 Need to streamline traffic flow on highways and urban roads propel growth of ETC market
                                   TABLE 69 ELECTRONIC TOLL COLLECTION MARKET IN MIDDLE EAST AND AFRICA, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 70 ELECTRONIC TOLL COLLECTION MARKET IN MIDDLE EAST AND AFRICA, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 71 ELECTRONIC TOLL COLLECTION MARKET IN MIDDLE EAST AND AFRICA, BY APPLICATION, 2017–2025 (USD MILLION)
             11.5.3 SOUTH AMERICA
                       11.5.3.1 Developing economies and wide network of highways creating high-growth opportunities for South America ETC market
                                   TABLE 72 ELECTRONIC TOLL COLLECTION MARKET IN SOUTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
                                   TABLE 73 ELECTRONIC TOLL COLLECTION MARKET IN SOUTH AMERICA, BY OFFERING, 2017–2025 (USD MILLION)
                                   TABLE 74 ELECTRONIC TOLL COLLECTION MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 111)
     12.1 OVERVIEW
               FIGURE 46 COMPANIES ADOPTED PRODUCT LAUNCH AS KEY GROWTH STRATEGY FROM 2017 TO 2020
     12.2 MARKET RANKING ANALYSIS (2019)
               FIGURE 47 ELECTRONIC TOLL COLLECTION MARKET: RANKING OF KEY COMPANIES (2019)
     12.3 COMPETITIVE SCENARIO AND TRENDS
     12.4 RECENT DEVELOPMENTS (TOP 5 PLAYERS)
             12.4.1 PRODUCT LAUNCHES
                       TABLE 75 PRODUCT LAUNCHES, 2018
             12.4.2 PARTNERSHIPS/AGREEMENTS/CONTRACTS
                       TABLE 76 PARTNERSHIPS/AGREEMENTS/CONTRACTS, 2018–2019
             12.4.3 ACQUISITIONS
                       TABLE 77 ACQUISITIONS, 2017–2018
     12.5 COMPETITIVE LEADERSHIP MAPPING, 2019
             12.5.1 VISIONARY LEADERS
             12.5.2 DYNAMIC DIFFERENTIATORS
             12.5.3 INNOVATORS
             12.5.4 EMERGING COMPANIES
                       FIGURE 48 ELECTRONIC TOLL COLLECTION MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019

13 COMPANY PROFILES (Page No. - 118)
(Business Overview, Products/solutions/services Offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View)*
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
             13.2.1 KAPSCH TRAFFICCOM
                       FIGURE 49 KAPSCH TRAFFICCOM: COMPANY SNAPSHOT
             13.2.2 CONDUENT BUSINESS SERVICES, LLC
                       FIGURE 50 CONDUENT BUSINESS SERVICES, LLC: COMPANY SNAPSHOT
             13.2.3 EFKON GMBH
             13.2.4 TRANSCORE
             13.2.5 THALES GROUP
                       FIGURE 51 THALES GROUP: COMPANY SNAPSHOT
             13.2.6 RAYTHEON TECHNOLOGIES CORPORATION
                       FIGURE 52 RAYTHEON COMPANY: COMPANY SNAPSHOT
             13.2.7 CUBIC CORPORATION
                       FIGURE 53 CUBIC CORPORATION: COMPANY SNAPSHOT
             13.2.8 SIEMENS
                       FIGURE 54 SIEMENS: COMPANY SNAPSHOT
             13.2.9 NEOLOGY, INC.
             13.2.10 FEIG ELECTRONICS
             13.2.11 VINCI
                       FIGURE 55 VINCI: COMPANY SNAPSHOT
     13.3 OTHER IMPORTANT PLAYERS
             13.3.1 TOSHIBA
             13.3.2 MITSUBISHI HEAVY INDUSTRIES, LTD.
             13.3.3 ABERTIS
             13.3.4 Q-FREE
             13.3.5 QUARTERHILL INC. (INTERNATIONAL ROAD DYNAMICS INC.)
             13.3.6 TECSIDEL, S.A.
             13.3.7 PERCEPTICS, LLC.
             13.3.8 STAR SYSTEMS INTERNATIONAL
             13.3.9 G.E.A.
             13.3.10 ELECTRONIC TRANSACTION CONSULTANTS (ETC) CORPORATION
             13.3.11 ARH INC.
             13.3.12 SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A. (SICE)
             13.3.13 AUTOSTRADE PER L'ITALIA SPA (ATLANTIA)
             13.3.14 JENOPTIK
             13.3.15 NORBIT
     13.4 KEY INNOVATORS
             13.4.1 FAR EASTERN ELECTRONIC TOLL COLLECTION CO. (FETC)
             13.4.2 TOLL COLLECT GMBH
             13.4.3 GEOTOLL
             13.4.4 INDRA SISTEMAS, S.A.
             13.4.5 KISTLER GROUP
             13.4.6 AMERICAN TRAFFIC SOLUTIONS

*Details on Business Overview, Products/solutions/services Offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 159)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involved 4 major activities for estimating the current size of the electronic toll collection market. Exhaustive secondary research was carried out to collect information on the market, peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments of the market.

Secondary Research

Secondary sources referred to for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, electronic toll collection-related journals; directories; and databases. The secondary data was collected and analyzed to arrive at the overall market size estimations, which was further validated through the primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information relevant to this report. Extensive primary research was conducted after understanding and analyzing the electronic toll collection market through secondary research. Several primary interviews were conducted with the key opinion leaders from both demand and supply side across 4 regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). RoW comprises the Middle East and Africa and South America. Approximately 25% of the primary interviews were conducted with the demand side, while approximately 75% with the supply side. This primary data was collected mainly through telephonic interviews, which accounted for approximately 80% of the total primary interviews. Besides, questionnaires and emails were also used to collect the data.

Electronic Toll Collection Market  Size, and Share

Market Size Estimation

Both top-down and bottom-up approaches were implemented to estimate and validate the total size of the electronic toll collection market. These methods were also used extensively to estimate the size of the markets based on various segments. The research methodology used to estimate the market size included the following steps:

  • The key players in the industry and markets were identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each market segment and subsegment. The data was triangulated by studying various factors and trends from demand and supply sides across different end users.

Study Objectives

  • To describe and forecast the electronic toll collection (ETC) market, by type, technology, offering, application, in terms of value
  • To describe and forecast the market size, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To analyze the qualitative aspects such as parameters and payment methods pertaining to electronic toll collection, ETC value chain, and industry trends in the ETC market
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contributions to the overall market
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
  • To strategically profile key players in the market and comprehensively analyze their market ranking and core competencies
  • To analyze competitive developments such as contracts, product launches/developments, expansions, and research and development (R&D) activities carried out by players in the ETC market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for this report:

Company Information

  • Detailed analysis and profiling of additional market players based on various blocks of the value chain
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Jul, 2020
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