Electronic Toll Collection Market

The electronic toll collection market is projected to grow from USD 10.19 billion in 2025 to USD 15.20 billion by 2030 at a CAGR of 8.3% during the forecast period. One of the key drivers is the strong government support, which includes significant funding and investment in developing and deploying advanced tolling solutions. Additionally, the ongoing technological advancements to support transportation networks make toll systems more reliable. These factors, along with the growing awareness about the importance of fast and smooth traffic management, boost the demand for electronic toll collection (ETC) systems.

Major players operating in the electronic toll collection market are Kapsch TrafficCom AG (Austria), Conduent, Incorporated (US), ST Engineering (TransCore) (Singapore), Thales (France), and Siemens (Germany). To boost market presence and product offerings, companies primarily focus on adopting organic and inorganic growth strategies, such as product launches, collaboration, and contracts. These strategies have enabled market leaders to increase the reach of electronic toll collection systems and adhere to changing worldwide regulations, improving their competitive positions in the electronic toll collection market.

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Major Electronic Toll Collection Companies Include:

• Kapsch TrafficCom AG (Austria)
• Conduent, Incorporated (US)
• ST Engineering (TransCore) (Singapore)
• Thales (France)
• Siemens (Germany)

In April 2024, Kapsch TrafficCom AG launched the latest Automatic Number Plate Recognition (ANPR) engine, specifically engineered for the North American market. This new solution represents a major advancement in license plate recognition technology, offering improved performance, versatility, and cost efficiency as part of Kapsch’s broader tolling technology portfolio.

Kapsch TraficCom AG focuses on developing, implementing, and running electronic toll collection (ETC), traffic management, and connected vehicle projects. The company aims to improve traffic flow, enhance road safety, and contribute to the development of intelligent transportation infrastructure. It aims to deliver end-to-end turnkey solutions to public sector clients, with a focus on traffic efficiency, emission reduction, and urban mobility.

Conduent Incorporated is a global leader in electronic tolling and transportation solutions, providing advanced technology and services that enable efficient toll collection, traffic management, and digital payment systems. The company focuses on leveraging advanced digital platforms and automation to streamline transportation systems and enhance customer engagement. It adopts a client-centric approach supported by scalable, secure, and customizable solutions to meet public and private sector needs.

Markets Ranking

The five major players hold a 19–29% share of the global electronic toll collection market. Kapsch TrafficCom AG (Austria) leads the industry with a strong global presence and comprehensive tolling solutions, while Conduent Incorporated (US) maintains its position through robust service delivery and integrated tolling technologies. The US Department of Transportation (DOT) has been working with TransCore (US) due to its continued development of transportation systems. Being an expert in security communication, smart mobility technology, and Tolling systems, Thales (France) contributes primarily to the innovation of tolling infrastructure. Siemens (Germany) adds value through its intelligent traffic systems and digital automation capabilities. The remaining 71–81% of the market is distributed among various regional and emerging vendors, leading to high market fragmentation and competition. The competitive landscape provides the opportunity for smaller and niche players to specialize in automating tolling, vehicle identification, and real-time data analytics. In addition to the increased use of advanced ETC systems driving the electronic toll collection market, increasing urbanization, stricter environmental regulations, and the need for congestion-free travel also augment ETC system adoption.

Related Reports:

Electronic Toll Collection Market by Radio-Frequency Identification, Dedicated Short-Range Communications, Hardware, Back Office & Other Services, Highways, Urban Areas, Transponders/Tag-based Tolling Systems and Region - Global Forecast to 2030

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