Electronic Toll Collection Market

Electronic Toll Collection Companies - Kapsch TrafficCom AG (Austria) and Conduent, Inc. (US) are the Key Players

The global electronic toll collection market was valued at USD 10.1 billion in 2024 and is projected to reach USD 14.7 billion by 2029; it is expected to register a CAGR of 7.9% during the forecast period. Strong government support through funding and investment in deployment of advanced tolling solutions and technological advancements in transportation infrastructure are attributed to the ever-increasing demand for electronic toll collection system.

Kapsch TrafficCom AG (Austria); Conduent, Inc. (US); TransCore (US); Thales (France); Cubic Corporation (US); Infineon Technologies AG (Germany); Siemens (Germany); EFKON GmbH (Austria); Neology, Inc. (US); FEIG ELECTRONIC (Germany); Toshiba Corporation (Japan); Mitsubishi Heavy Industries, Ltd. (Japan); Q-Free (Germany); Quarterhill Inc. (Canada); Perceptics (US); Star Systems International Ltd. (Hong Kong); G.E.A. (France); Adaptive Recognition Inc. (Hungary); SICE (Spain); Jenoptik AG (Germany); Far Eastern Electronic Toll Collection Co. Ltd. (Taiwan); Toll Collect GmbH (Germany); GeoToll (US); Indra (Spain); and Kistler Group (Switzerland) are some of the key players in the electronic toll collectionmarket.

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Major Electronic Toll Collection companies include:

  • Kapsch TrafficCom AG (Austria)
  • Conduent, Inc. (US)
  • TransCore (US)
  • Thales (France)
  • Cubic Corporation (US)

Kapsch TraficCom AG

Kapsch TraficCom AG specializes in the development, implementation, and operation of electronic toll collection (ETC), traffic management, and connected vehicle solutions. The company aims to improve traffic flow, enhance road safety, and contribute to the development of intelligent transportation infrastructure. Kapsch TraficCom AG is also a supplier of information and communication technologies, solutions, and services for intelligent transport systems (ITS) that are designed for traffic safety and security, sustainable mobility, tolling, and traffic management applications.

The company operates through two business segments: Tolling and Traffic Management. The Tolling segment deals with the installation, and technical and commercial operations of toll collection systems. The company offers technologies necessary to design, develop, implement, and operate road user charging systems, traffic management systems, and urban access and parking management solutions. For seamless electronic toll collection, the company provides various technologies such as automatic number plate recognition (ANPR), dedicated short-range communications (DSRC), and radio frequency identification (RFID) that can be integrated into smart systems. These fully automated solutions help customers ensure mobility, prevent congestion, and reduce pollution.

Conduent, Inc.

Conduent, Inc., formerly known as Xerox Corporation, separated from Xerox in January 2017 and is currently operating as Conduent, Inc. The company provides its customers from the healthcare, transportation, banking, and insurance sectors and government organizations with digital platforms and business process services. It offers medical billing systems, medicaid payment systems, and electronic toll collection systems, as well as supports programs through which health and social services are offered.

Conduent operates through the following segments: Commercial, Government, and Transportation. The Commercial segment provides business process services and customized solutions, including transaction processing, commercial healthcare, and learning services, to clients from various industries, such as automotive, aerospace & defense, communications and media, healthcare, and IT. The Government segment offers business process services to the US federal, state, local, and foreign governments, as well as systems and support to transportation departments and agencies globally. The company’s transportation solutions and services automate workflows, improve efficiencies, reduce operational costs, and enable revenue growth. The transportation segment offers solutions for public safety, transit, curbside management, and road usage charging, including tolling, distance-based, and urban congestion management solutions. Conduent's mission-critical services and solutions are delivered through people, processes, and technologies, making them essential for businesses and governments alike.


TransCore is an expert in transportation solutions and technologies. The company is known for developing and providing a range of transportation management systems, tolling solutions, and intelligent transportation systems (ITS). they design, engineer, and implement systems that make travel on highways, bridges, and urban roadways safer and less congested. TransCore partners with government agencies and private companies to provide innovative tolling solutions, advanced traffic management systems, and RFID technologies.  A subsidiary of ST Engineering, TransCore is committed to leveraging technology to improve transportation infrastructure worldwide.


Thales designs, develops, and manufactures electrical systems and equipment for the aerospace, transport, space, cybersecurity, and defense and security markets. The company operates through its three major business segments—Defense & Security, Aerospace, and Digital Identity & Security. The Aerospace segment comprises avionics, air traffic management, and navigation solutions, among many others. The Transport segment includes the ground transportation systems that deal with railway signaling and digitalization and the control/monitoring of urban transport networks and mainlines, as well as fare collection management solutions.

The Thales Group designs systems for all sectors: land, air, naval, space, and cyberspace (digital networks). It also provides highway authorities and road operators with state-of-the-art solutions and technologies to build better traffic infrastructures. With proven results in the two main technologies underpinning future electronic toll collection systems—DSRC and geo-location—Thales is in a position to offer its customers mix-and-match solutions that meet their specific needs.

Cubic Corporation

Cubic Corporation is a leading provider of fare collection and intelligent transportation systems (ITS). The company is the creator of smart card technology used in many major cities worldwide and is also involved in developing and implementing other transit solutions, such as contactless payments and automated fare collection systems. It delivers integrated systems for transportation and traffic management, as well as provides tools for travellers to choose the most convenient and cost-effective way to pay for their journeys. The company’s technology enables transportation authorities and agencies to manage their demand across the entire transportation network. CTS has created a smarter future with NextCity, which integrates city management, and traveller payment and information. Under the transportation business, the company offers fare collection and revenue management solutions, namely Mobile Suite, NextBus, Road User Charging, Surface Transport Management, and Cubic Interactive. The Cubic Tolling Solution provides an alternative to inflexible, proprietary legacy systems that are difficult and expensive to change, customize, maintain, and modernize. The company develops products such as ticket machines, fare collection gates, real-time passenger information solutions, payment processing and financial management platforms. Apart from this, it focuses on offering parking, IT, traffic management solutions and related services.

Related Reports:

Electronic Toll Collection Market by Technology (RFID and DSRC), Offering (Hardware and Back Office), Application (Highways and Urban Areas), Type (Transponders/Tag-Based Tolling Systems) and Region - Global Forecast to 2029

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Electronic Toll Collection Market Size,  Share & Growth Report
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SE 3461
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