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
[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.
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.
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
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 |
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Forecast units |
Value (USD) Billion/million |
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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
- 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.
- 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.
- 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.
- 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.
- 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):
Which are the major companies in the electronic toll collection market? What are their major strategies to strengthen their market presence?
The major companies in the electronic toll collection market are – Kapsch TafficComf, Conduent, EFKON, TransCore, and Thales Group. The major strategies adopted by these players are agreements and acquisitions.
Which is the potential market for electronic toll collection in terms of region?
APAC is the fastest-growing market for electronic toll collection. APAC is a manufacturing—intensive region with the presence of a large number of companies across various sectors. Governments in the region aim to introduce and promote use of electronic toll collection systems through different initiatives. Rapid urbanization demands improved road networks, which creates opportunities for advanced transportation systems including electronic toll collection. Developing countries in the region such as India, South Korea, Australia, and Malaysia has observed high adoption rate of electronic toll systems. 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.
Which applications are expected to drive the growth of the market in the next 5 years?
Highways and urban areas are the application fields of electronic toll collection system. Market for highways is expected to have largest market share in 2025 with a significant growth rate between 2020 and 2025. 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.
What are the opportunities for new market entrants?
The overall impact of COVID-19 on application modernization market is expected to be optimistic due to rise is demand for remote working, and enhanced customer experience .
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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.
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
Get in-depth analysis of the COVID-19 impact on the Electronic Toll Collection Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Electronic Toll Collection Market
Request For Special Pricing
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Electronic Toll Collection Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Electronic Toll Collection Market
I am looking for a section of this report that specifies what % of toll roads by country/region are using electronic tolling. As an example for the India and Australia, I would like to know how many toll transactions are processed a year (in any form) and how many of those are processed through electronic tolling. Is that included within this report?
I am a technology provider for ETC in the Europe region. I am interested in your overview of the international ETC market and what market trends you have identified. Does your report include information specific to top regional countries in each region such as UK, Germany, France, Italy,US, Canada, China, India, Australia, Japan, Middle Eastern countries etc.?
I am a consultant working on RFID technology. Could your report help me in analyzing the newest RFID based toll collection solutions currently used? Is there a solution that can be made to secure encryption / decryption on the servers of the relevant authority without the need to install an encryption key to the RFID reader with the software and network infrastructure to be produced within the scope of the project?
I am looking for latest e-toll market report that informs about market dynamics, company profiles and shares, tecnological trends etc. Does the report provide infromation about countrywise ETC projects, entities involved, cost of project and other related information?
We are the biggest back office service providers in the Central Europe. Looking forward to information about the competitive landscape of the major players in the back-office segment of the ETC. Could you provide market share/ranking of such companies globally? Also, could you share the list of contracts of these companies for last 2-3 years?