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.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
1INTRODUCTION (Page No. - 22)
1.1Study Objectives
1.2Market Definition and Scope
1.2.1Inclusions and exclusions
1.3Study Scope
1.3.1Markets covered
Figure 1Electronic toll collection market segmentation
1.3.2Regional scope
1.3.3Years considered
1.4Currency
1.5Limitations
1.6Stakeholders
2RESEARCH METHODOLOGY (Page No. - 26)
2.1Research Data
Figure 2Electronic toll collection market: Process flow of market size estimation
Figure 3Electronic toll collection market: Research design
2.1.1Secondary data
2.1.1.1Key data from secondary sources
2.1.2Primary data
2.1.2.1Breakdown of primaries
2.1.2.2Key data from primary sources
2.1.2.3Key industry insights
2.1.3Secondary and primary research
2.2Market Size Estimation
Figure 4Market size estimation methodology: Approach 1 (supply side): Revenue generated by companies from solutions/products/services offered in electronic toll collection market
Figure 5Market size estimation methodology: Approach 2 (demand side): Adoption level of electronic toll collection by different end users
2.2.1Bottom-up approach
2.2.1.1Approach for obtaining market size using bottom-up analysis
Figure 6Market size estimation methodology: Bottom-up approach
2.2.1.2Top-down approach
2.2.1.3Approach for obtaining market size using top-down analysis
Figure 7Market size estimation methodology: Top-down approach
2.3Market Breakdown and Data Triangulation
Figure 8Data triangulation
2.4Research Assumptions
Figure 9Assumptions of research study
3EXECUTIVE SUMMARY (Page No. - 36)
Figure 10Transponder-/tag-based tolling systems to continue to command electronic toll collection market during forecast period
Figure 11RFID technology-based electronic toll collection systems to continue to account for largest market size throughout forecast period
Figure 12Back office operations and other services to witness higher CAGR in electronic toll collection market during forecast period
Figure 13Highways to register higher CAGR in electronic toll collection market, by application, during forecast period
Figure 14Electronic toll collection market in APAC to grow at highest CAGR during forecast period
3.1COVID-19 Impact on Electronic Toll Collection Market
Figure 15Electronic toll collection market – Scenario analysis
4PREMIUM INSIGHTS (Page No. - 41)
4.1Attractive Opportunities in Electronic Toll Collection MARKET<
Figure 16Government initiatives to reduce congestion to drive growth of electronic toll collection market
4.2Electronic Toll Collection Market in North America, By Technology and Offering
Figure 17RFID-based etc systems and back office services held largest share of North American market in 2019
4.3Electronic Toll Collection Market, By Application
Figure 18Highways to continue to dominate electronic toll collection market during forecast period
4.4Country-Wise Electronic Toll Collection Market Growth Rate
Figure 19China to record highest CAGR in global electronic toll collection market during forecast period
5MARKET OVERVIEW (Page No. - 44)
5.1Market Dynamics
Figure 20ETC market: Drivers, restraints, opportunities, and challenges
5.1.1Drivers
Figure 21ETC market drivers and their impact
5.1.1.1Effective solution to reduce traffic congestion, accidents, and environmental pollution
5.1.1.2Strong government support to accelerate electronic toll collection
5.1.1.3Greater convenience and flexibility of cashless payments
5.1.1.4Increased use of advanced digital technologies in transportation infrastructure
5.1.2Restraints
5.1.2.1Implementation constraints in emergent nations
5.1.3Opportunities
Figure 22ETC market opportunities and their impact
5.1.3.1Growing utilization of blockchain technology in toll collection systems
5.1.3.2Rising number of public–private partnership agreements in transportation sector
5.1.3.3Increasing transition to all-electronic tolling systems from manual or coin-based tolling systems
5.1.4Challenges
Figure 23ETC market restraints and challenges and their impact
5.1.4.1Issues related to interoperability, common standards, as well as selection of toll technology
6INDUSTRY TRENDS (Page No. - 51)
6.1Value Chain Analysis
Figure 24Electronic toll collection value chain
6.2Case Study Analysis
6.2.1Massachusetts department of transportation (massDOT)
Table 1Benefits of upgraded back office solution by transcore to enhance overall E-zpass customer service experience
6.2.2Ministry of road transport and highways and national highways authority of India
Table 2Star systems (Hong Kong) provided its expertise in RFID electronic toll collection equipment for toll plazas in India
6.2.3Promotora y operadora de infraestructura (PINFRA)
Table 3SICE implemented electronic toll systems in Mexico
6.2.4Government of Brazil
Table 4Government of Brazil worked with intel and local industries for smart highway systems
6.3Region-Wise Recent Developments in Electronic Toll Collection Market
Table 5Developments in North America
Table 6Developments in Europe
Table 7Developments in APAC
6.4Toll Payment Methods
6.4.1Introduction
6.4.2Prepaid toll payments
6.4.3Post-paid toll payments
6.4.4Prepaid/post-paid combination
6.5Parameters for Charging Toll Amount
6.5.1Introduction
6.5.2Distance based
6.5.3Point based
6.5.4Time based
6.5.5Perimeter based
6.6COVID-19 Overview
6.6.1Overview and statistics
7ELECTRONIC TOLL COLLECTION MARKET, BY TYPE (Page No. - 60)
7.1Introduction
Figure 25Transponder-/tag-based tolling systems to dominate electronic toll collection market throughout forecast period
Table 8Electronic toll collection market, by type, 2017–2025 (USD Million)
7.2Transponder-/Tag-Based Tolling Systems
Table 9Electronic toll collection market for transponder-/tag-based tolling systems, by region, 2017–2025 (USD Million)
Figure 26Pre- and Post-COVID-19 impact analysis for transponder-/tag-based tolling system market
7.3Other Tolling Systems
Table 10Electronic toll collection market for other tolling systems, by region, 2017–2025 (USD Million)
Figure 27Pre- and Post-COVID-19 impact analysis for other tolling systems
7.4Impact of COVID-19 on Types of Tolling Systems
8ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY (Page No. - 65)
8.1Introduction
Figure 28RFID technology to account for largest size of electronic toll collection market in 2025
Table 11Electronic toll collection market, by technology, 2017–2025 (USD Billion)
8.2Radio-Frequency Identification (RFID)
8.2.1RFID remains largely adopted technology in global electronic toll collection market
Figure 29Pre- and Post-COVID-19 analysis of market for RFID technology-based electronic toll collection systems
8.3Dedicated Short-Range Communication (DSRC)
8.3.1High adoption of dsrc technology-based ETC systems in Europe boosts market growth
Figure 30Pre- and Post-COVID-19 analysis of market for DSRC technology-based electronic toll collection systems
8.4Other Technologies
8.4.1Booming trend of GNSS-/GPS-enabled electronic toll collection techniques to propel market growth
Figure 31Pre- and Post-COVID-19 analysis of market for electronic toll collection systems based on other technologies
8.5Impact of COVID-19 on Technologies of Tolling Systems
9ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING (Page No. - 72)
9.1Introduction
Figure 32Back office and other services to continue to command electronic toll collection market during forecast period
Table 12Electronic toll collection market, by offering, 2017–2025 (USD Billion)
9.2Hardware
9.2.1High adoption of advanced tolling systems to boost demand for hardware offerings
Table 13Electronic toll collection market for hardware, by region, 2017–2025 (USD Million)
Figure 33Pre- and Post-COVID-19 analysis of market for hardware used in electronic toll collection systems, 2020–2025 (USD Million)
9.3Back Office and Other Services
9.3.1Increased requirement to process high volume of transactions creating demand for back office and other services
Table 14Electronic toll collection market for back office and other services, by region, 2017–2025 (USD Million)
Figure 34Pre- and Post-COVID-19 analysis of market for back office and other services, 2017–2025 (USD Million)
9.4Impact of COVID-19 on Hardware and Service Offerings Related to Tolling Systems
10ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION (Page No. - 77)
10.1Introduction
Figure 35Highways application to continue to lead electronic toll collection market during 2020–2025
Table 15Electronic toll collection market, by application, 2017–2025 (USD Million)
10.2Highways
10.2.1Governments plans to promote faster digital payments at toll plazas accelerate demand for ETC systems on highways
Table 16Electronic toll collection market for highways, by region, 2017–2025 (USD Million)
Figure 36Pre- and Post-COVID-19 analysis of electronic toll collection market for highways, 2020–2025 (USD Million)
10.3Urban Areas
10.3.1Deployment of ETC solutions to ensure congestion-free traffic flow in urban areas propels market growth
Table 17Electronic toll collection market for urban areas, by region, 2017–2025 (USD Million)
Figure 37Pre- and Post-COVID-19 analysis of electronic toll collection market for urban areas, 2020–2025 (USD Million)
10.4Impact of COVID-19 on Applications
11GEOGRAPHICAL ANALYSIS (Page No. - 82)
11.1Introduction
Figure 38North America to account for largest size of electronic toll collection market in 2025
Table 18Electronic toll collection market, by region, 2017–2025 (USD Million)
11.2North America
Table 19Electronic toll collection market in North America, by country, 2017–2025 (USD Million)
Table 20Electronic toll collection market in North America, by type, 2017–2025 (USD Million)
Table 21Electronic toll collection market in North America, by technology, 2017–2025 (USD Million)
Table 22Electronic toll collection market in North America, by offering, 2017–2025 (USD Million)
Table 23Electronic toll market in North America, by application, 2017–2025 (USD Million)
Figure 39Electronic toll collection market snapshot: North America
11.2.1Impact of COVID-19 on electronic toll collection market in North America
Figure 40Pre- and Post-COVID-19 analysis for electronic toll collection market in North America, 2020–2025 (USD Million)
11.2.2US
11.2.2.1US to continue to dominate electronic toll collection market in North America throughout forecast period
Table 24Electronic toll collection market in US, by type,2017–2025 (USD Million)
Table 25Electronic toll collection market in US, by offering, 2017–2025 (USD Million)
Table 26Electronic toll collection market in US, by application, 2017–2025 (USD Million)
11.2.3Canada
11.2.3.1Canada to exhibit implementation of ETC systems on major highways and bridges connecting cities
Table 27Electronic toll collection market in Canada, by type, 2017–2025 (USD Million)
Table 28Electronic toll collection market in Canada, by offering, 2017–2025 (USD Million)
Table 29Electronic toll collection market in Canada, by application, 2017–2025 (USD Million)
11.2.4Mexico
11.2.4.1Mexico to carry out highway development projects to connect neighboring countries propelling market growth
Table 30Electronic toll collection market in Mexico, by type, 2017–2025 (USD Million)
Table 31Electronic toll collection market in Mexico, by offering, 2017–2025 (USD Million)
Table 32Electronic toll collection market in Mexico, by application, 2017–2025 (USD Million)
11.3Europe
Table 33Electronic toll collection market in Europe, by country, 2017–2025 (USD Million)
Table 34Electronic toll collection market in Europe, by type, 2017–2025 (USD Million)
Table 35Electronic toll collection market in Europe, by technology, 2017–2025 (USD Million)
Table 36Electronic toll collection market in Europe, by offering, 2017–2025 (USD Million)
Table 37Electronic toll collection market in Europe, by application, 2017–2025 (USD Million)
Figure 41Electronic toll collection market snapshot: Europe
11.3.1Impact of COVID-19 on electronic toll collection market in Europe
Figure 42Pre- and Post-COVID-19 analysis of electronic toll collection market in Europe, 2020–2025 (USD Million)
11.3.2EU5
11.3.2.1Collaborations between automotive companies and technology providers fuel market growth
Table 38Electronic toll collection market in EU5, by type,2017–2025 (USD Million)
Table 39Electronic toll collection market in EU5, by offering, 2017–2025 (USD Million)
Table 40Electronic toll collection market in EU5, by application, 2017–2025 (USD Million)
11.3.3Western Europe
11.3.3.1New installations and modification of electronic toll systems in Western Europe foster market growth
Table 41Electronic toll collection market in Western Europe, by type, 2017–2025 (USD Million)
Table 42Electronic toll collection market western Europe, by offering, 2017–2025 (USD Million)
Table 43Electronic toll collection market in western Europe, by application, 2017–2025 (USD Million)
11.3.4Rest of Europe
Table 44Electronic toll collection market in Rest of Europe, by type, 2017–2025 (USD Million)
Table 45Electronic toll collection market in Rest of Europe, by offering, 2017–2025 (USD Million)
Table 46Electronic toll collection market in Rest of Europe, by application, 2017–2025 (USD Million)
11.4APAC
Table 47Electronic toll collection market in APAC, by country, 2017–2025 (USD Million)
Table 48Electronic toll collection market in APAC, by type, 2017–2025 (USD Million)
Table 49Electronic toll collection market in APAC, by technology, 2017–2025 (USD Million)
Table 50Electronic toll collection market in APAC, by offering, 2017–2025 (USD Million)
Table 51Electronic toll collection market in APAC, by application, 2017–2025 (USD Million)
Figure 43Electronic toll collection market snapshot: APAC
11.4.1Impact of COVID-19 on electronic toll collection market in APAC
Figure 44Pre- and Post-COVID-19 impact on electronic toll collection market in APAC, 2020–2025 (USD Million)
11.4.2China
11.4.2.1China to hold prominent share of electronic toll collection market in APAC in 2025
Table 52Electronic toll collection market in China, by type, 2017–2025 (USD Million)
Table 53Electronic toll collection market in China, by offering, 2017–2025 (USD Million)
Table 54Electronic toll collection market in China, by application, 2017–2025 (USD Million)
11.4.3Japan
11.4.3.1Technologically equipped ecosystem offers potential growth opportunities for ETC market
Table 55Electronic toll collection market in Japan, by type, 2017–2025 (USD Million)
Table 56Electronic toll collection market in Japan, by offering, 2017–2025 (USD Million)
Table 57Electronic toll collection market in Japan, by application, 2017–2025 (USD Million)
11.4.4South Korea
11.4.4.1Major developments such as Hi-pass cards foster South Korean market growth
Table 58Electronic toll collection market in South Korea, by type, 2017–2025 (USD Million)
Table 59Electronic toll collection market in South Korea, by offering, 2017–2025 (USD Million)
Table 60Electronic toll collection market in South Korea, by application, 2017–2025 (USD Million)
11.4.5Rest of APAC
Table 61Electronic toll collection market Rest of APAC, by type, 2017–2025 (USD Million)
Table 62Electronic toll collection market Rest of APAC, by offering, 2017–2025 (USD Million)
Table 63Electronic toll collection market in Rest of APAC, by application, 2017–2025 (USD Million)
11.5ROW
Table 64Electronic toll collection market in ROW, by region, 2017–2025 (USD Million)
Table 65Electronic toll collection market in ROW, by type, 2017–2025 (USD Million)
Table 66Electronic toll collection market in ROW, by technology, 2017–2025 (USD Million)
Table 67Electronic toll collection market in ROW, by offering, 2017–2025 (USD Million)
Table 68Electronic toll collection market in ROW, by application, 2017–2025 (USD Million)
11.5.1Impact of COVID-19 on electronic toll collection market in ROW
Figure 45Pre- and Post-COVID-19 analysis for electronic toll collection market in ROW, 2020–2025 (USD Million)
11.5.2Middle East and Africa
11.5.2.1Need to streamline traffic flow on highways and urban roads propel growth of ETC market
Table 69Electronic toll collection market in Middle East and Africa, by type, 2017–2025 (USD Million)
Table 70Electronic toll collection market in Middle East and Africa, by offering, 2017–2025 (USD Million)
Table 71Electronic toll collection market in Middle East and Africa, by application, 2017–2025 (USD Million)
11.5.3South America
11.5.3.1Developing economies and wide network of highways creating high-growth opportunities for South America ETC market
Table 72Electronic toll collection market in South America, by type, 2017–2025 (USD Million)
Table 73Electronic toll collection market in South America, by offering, 2017–2025 (USD Million)
Table 74Electronic toll collection market in South America, by application, 2017–2025 (USD Million)
12COMPETITIVE LANDSCAPE (Page No. - 111)
12.1Overview
Figure 46Companies adopted product launch as key growth strategy from 2017 to 2020
12.2Market Ranking Analysis (2019)
Figure 47Electronic toll collection market: Ranking of key companies (2019)
12.3Competitive Scenario and Trends
12.4Recent Developments (Top 5 Players)
12.4.1Product launches
Table 75Product launches, 2018
12.4.2Partnerships/agreements/contracts
Table 76Partnerships/agreements/contracts, 2018–2019
12.4.3Acquisitions
Table 77Acquisitions, 2017–2018
12.5Competitive Leadership Mapping, 2019
12.5.1Visionary leaders
12.5.2Dynamic differentiators
12.5.3Innovators
12.5.4Emerging companies
Figure 48Electronic toll collection market (Global) competitive leadership mapping, 2019
13COMPANY PROFILES (Page No. - 118)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, COVID-19-related Developments, SWOT Analysis, and MnM View)*
13.1Introduction
13.2Key Players
13.2.1KAPSCH TRAFFICCOM
Figure 49KAPSCH TRAFFICCOM: Company snapshot
13.2.2CONDUENT BUSINESS SERVICES, LLC
Figure 50CONDUENT BUSINESS SERVICES, LLC: Company snapshot
13.2.3EFKON GMBH
13.2.4TRANSCORE
13.2.5THALES GROUP
Figure 51THALES GROUP: Company snapshot
13.2.6RAYTHEON TECHNOLOGIES CORPORATION
Figure 52RAYTHEON COMPANY: Company snapshot
13.2.7CUBIC CORPORATION
Figure 53CUBIC CORPORATION: Company snapshot
13.2.8SIEMENS
Figure 54SIEMENS: Company snapshot
13.2.9NEOLOGY, INC.
13.2.10FEIG ELECTRONICS
13.2.11VINCI
Figure 55VINCI: Company snapshot
13.3Other Important Players
13.3.1TOSHIBA
13.3.2MITSUBISHI HEAVY INDUSTRIES, LTD.
13.3.3ABERTIS
13.3.4Q-FREE
13.3.5QUARTERHILL INC. (INTERNATIONAL ROAD DYNAMICS INC.)
13.3.6TECSIDEL, S.A.
13.3.7PERCEPTICS, LLC.
13.3.8STAR SYSTEMS INTERNATIONAL
13.3.9G.E.A.
13.3.10ELECTRONIC TRANSACTION CONSULTANTS (ETC) CORPORATION
13.3.11ARH INC.
13.3.12SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A. (SICE)
13.3.13AUTOSTRADE PER L'ITALIA SPA (ATLANTIA)
13.3.14JENOPTIK
13.3.15NORBIT
13.4Key Innovators
13.4.1FAR EASTERN ELECTRONIC TOLL COLLECTION CO. (FETC)
13.4.2TOLL COLLECT GMBH
13.4.3GEOTOLL
13.4.4INDRA SISTEMAS, S.A.
13.4.5KISTLER GROUP
13.4.6AMERICAN TRAFFIC SOLUTIONS
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, COVID-19-related Developments, SWOT Analy sis, and MnM View might not be captured in case of unlisted companies.
14APPENDIX (Page No. - 159)
14.1Discussion Guide
14.2Knowledge Store: MarketsandMarkets’ Subscription Portal
14.3Available Customizations
14.4Related Reports
14.5Author 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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Report Code
SE 3461
Published ON
Jul, 2020
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