The global electronic toll collection (ETC) systems market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing number of vehicles and the need for efficient and cost-effective toll collection systems. The vehicle automatic understanding system segment accounted for the largest share in 2018, owing to its ability to provide accurate data on traffic flow and congestion levels. The short range communication segment is expected to grow at a CAGR of 7% during the forecast period, owing to its low installation costs and easy integration with existing infrastructure.
Some Of The Growth Factors Of This Market:
- The ETC market is driven by the need for faster and more efficient toll collection systems.
- The ETC market is also driven by the need for better traffic management systems.
- The ETC market is also driven by the need for better safety features in vehicles.
- The ETC market will be driven by the increasing number of connected cars.
Industry Growth Insights published a new data on “Electronic Toll Collection (ETC) Systems Market”. The research report is titled “Electronic Toll Collection (ETC) Systems Market research by Types (Vehicle Automatic Understanding System, Short Range Communication, Global Position Finding Satellite System), By Applications (Highway, Urban, Bridge, Others), By Players/Companies Xerox, 3M, Kapsch Trafficom AG, Q-Free, Cubic Transportation Systems, Inc., Telematics, Siemens, Thales Group, Transcore, Hitachi, MHI, TRMI, Illinoistollway, Metro Infrasys, Conduent Business Services”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Toll Collection (ETC) Systems Market Research Report
By Type
Vehicle Automatic Understanding System, Short Range Communication, Global Position Finding Satellite System
By Application
Highway, Urban, Bridge, Others
By Companies
Xerox, 3M, Kapsch Trafficom AG, Q-Free, Cubic Transportation Systems, Inc., Telematics, Siemens, Thales Group, Transcore, Hitachi, MHI, TRMI, Illinoistollway, Metro Infrasys, Conduent Business Services
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Toll Collection (ETC) Systems Market Report Segments:
The global Electronic Toll Collection (ETC) Systems market is segmented on the basis of:
Types
Vehicle Automatic Understanding System, Short Range Communication, Global Position Finding Satellite System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Highway, Urban, Bridge, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Xerox
- 3M
- Kapsch Trafficom AG
- Q-Free
- Cubic Transportation Systems, Inc.
- Telematics
- Siemens
- Thales Group
- Transcore
- Hitachi
- MHI
- TRMI
- Illinoistollway
- Metro Infrasys
- Conduent Business Services
Highlights of The Electronic Toll Collection (ETC) Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vehicle Automatic Understanding System
- Short Range Communication
- Global Position Finding Satellite System
- By Application:
- Highway
- Urban
- Bridge
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Toll Collection (ETC) Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electronic Toll Collection (ETC) systems are a type of electronic payment system that allow drivers to pay tolls by using an electronic transponder or license plate reader. ETC systems are typically used in areas with high traffic congestion, such as toll roads and bridges.
Some of the major players in the electronic toll collection (etc) systems market are Xerox, 3M, Kapsch Trafficom AG, Q-Free, Cubic Transportation Systems, Inc., Telematics, Siemens, Thales Group, Transcore, Hitachi, MHI, TRMI, Illinoistollway, Metro Infrasys, Conduent Business Services.
The electronic toll collection (etc) systems market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electronic Toll Collection (ETC) Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electronic Toll Collection (ETC) Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electronic Toll Collection (ETC) Systems Market - Supply Chain
4.5. Global Electronic Toll Collection (ETC) Systems Market Forecast
4.5.1. Electronic Toll Collection (ETC) Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electronic Toll Collection (ETC) Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electronic Toll Collection (ETC) Systems Market Absolute $ Opportunity
5. Global Electronic Toll Collection (ETC) Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Type
5.3.1. Vehicle Automatic Understanding System
5.3.2. Short Range Communication
5.3.3. Global Position Finding Satellite System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electronic Toll Collection (ETC) Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Application
6.3.1. Highway
6.3.2. Urban
6.3.3. Bridge
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electronic Toll Collection (ETC) Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electronic Toll Collection (ETC) Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electronic Toll Collection (ETC) Systems Demand Share Forecast, 2019-2026
9. North America Electronic Toll Collection (ETC) Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Application
9.4.1. Highway
9.4.2. Urban
9.4.3. Bridge
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Type
9.7.1. Vehicle Automatic Understanding System
9.7.2. Short Range Communication
9.7.3. Global Position Finding Satellite System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electronic Toll Collection (ETC) Systems Demand Share Forecast, 2019-2026
10. Latin America Electronic Toll Collection (ETC) Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Application
10.4.1. Highway
10.4.2. Urban
10.4.3. Bridge
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Type
10.7.1. Vehicle Automatic Understanding System
10.7.2. Short Range Communication
10.7.3. Global Position Finding Satellite System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electronic Toll Collection (ETC) Systems Demand Share Forecast, 2019-2026
11. Europe Electronic Toll Collection (ETC) Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Application
11.4.1. Highway
11.4.2. Urban
11.4.3. Bridge
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Type
11.7.1. Vehicle Automatic Understanding System
11.7.2. Short Range Communication
11.7.3. Global Position Finding Satellite System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electronic Toll Collection (ETC) Systems Demand Share, 2019-2026
12. Asia Pacific Electronic Toll Collection (ETC) Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Application
12.4.1. Highway
12.4.2. Urban
12.4.3. Bridge
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Type
12.7.1. Vehicle Automatic Understanding System
12.7.2. Short Range Communication
12.7.3. Global Position Finding Satellite System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electronic Toll Collection (ETC) Systems Demand Share, 2019-2026
13. Middle East & Africa Electronic Toll Collection (ETC) Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Application
13.4.1. Highway
13.4.2. Urban
13.4.3. Bridge
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electronic Toll Collection (ETC) Systems Market Size and Volume Forecast by Type
13.7.1. Vehicle Automatic Understanding System
13.7.2. Short Range Communication
13.7.3. Global Position Finding Satellite System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electronic Toll Collection (ETC) Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electronic Toll Collection (ETC) Systems Market: Market Share Analysis
14.2. Electronic Toll Collection (ETC) Systems Distributors and Customers
14.3. Electronic Toll Collection (ETC) Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Xerox
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 3M
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kapsch Trafficom AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Q-Free
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cubic Transportation Systems, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Telematics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Thales Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Transcore
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hitachi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MHI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TRMI
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Illinoistollway
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Metro Infrasys
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Conduent Business Services
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook