Market Overview:
The global electronic toll collection system market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing adoption of ETC systems across various applications, such as highway and urban tolling. Additionally, the growing demand for advanced ETC systems, such as video analytic-based and GNSS/GPS-based ETC systems is also contributing to the growth of this market. Based on type, the RFID-based ETC system segment is expected to hold the largest share of the global electronic toll collection system market in 2018. This segment is projected to grow at a CAGR of 11% from 2018 to 2030.
Product Definition:
An Electronic Toll Collection System is a system that uses electronics and communication technologies to automate the toll collection process. This system can be used in both manned and unmanned toll booths. The importance of this system is that it speeds up the toll collection process, reduces congestion at the toll booth, and eliminates the need for manual collection of payments.
Rfid-Based ETC Systems:
Rfid-Based ETC Systems, it's usage.
Analyzing the impact of Rfid technology on tolling operations The role of Radio Frequency Identification Device (RFID) in toll collection management systems.
The global RFID-based electronic toll collection system market size was valued at USD 1.91 billion in 2015.
Dsrc-Based ETC Systems:
The global Dsrc-Based ETC Systems and it's usage in Electronic Toll Collection System market size was valued at USD 0.8 billion in 2015. The increasing demand for real-time traffic data along with the rising number of vehicles on road is expected to propel the growth over the forecast period.
Application Insights:
The highway tolling segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. The segment will retain its dominant position owing to factors such as a large number of highways that have been constructed or are under construction, particularly in developing countries such as China, India and Brazil. Furthermore, governments from across the world have implemented various schemes for expanding and developing their road infrastructure. These schemes include ¢â‚¬Å“Pradhan Mantri Awas Yojna¢â‚¬ which was launched by Indian Prime Minister Narendra Modi in 2016. The government aims to provide housing facilities to all rural households by 2022 through this scheme. As a result, there has been an increase in travelers on roads leading to higher demand for electronic toll collection systems at Toll Plazas along with other financial benefits offered under this scheme.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to early adoption of electronic toll collection systems, high usage rates, and presence of major players operating in the region.
Asia Pacific is anticipated to grow at a significant rate over the forecast period owing to factors such as improving road infrastructure and growing vehicle fleet in countries such as China & Japan.
The European market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for convenience and time savings: The growth of the electronic toll collection system market can be attributed to the increasing demand for convenience and time savings among consumers. E-toll systems offer a fast, easy, and convenient way to pay tolls without having to stop at a toll booth. This has led to an increase in the adoption of e-toll systems by motorists across the globe.
- Government initiatives: Governments around the world are investing in electronic toll collection systems as a way to improve traffic flow and reduce congestion on highways and roads. In addition, governments are also using e-toll systems as a means of generating additional revenue through road taxes and fees.
- Technological advancements: The development of new technologies is helping to drive growth in the electronic toll collection system market. For example, recent advancements in RFID technology have made it possible for motorists to pay their tolls without stopping at a booth or pulling out their wallets or credit cards. This has helped fuel increased adoption rates of e-toll systems among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Toll Collection System Market Research Report
By Type
Rfid-Based ETC Systems, Dsrc-Based ETC Systems, Video Analytic-Based ETC Systems, Gnss/Gps-Based ETC Systems
By Application
Highway Tolling, Urban Tolling
By Companies
Toshiba, Mitsubishi, MIFARE, Shutoko, Xerox, Kapsch Trafficom AG, Q-Free, Hitachi, Illinois Tollway, Metro Infrasys, Conduent Transportation
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Toll Collection System Market Report Segments:
The global Electronic Toll Collection System market is segmented on the basis of:
Types
Rfid-Based ETC Systems, Dsrc-Based ETC Systems, Video Analytic-Based ETC Systems, Gnss/Gps-Based ETC Systems
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 Tolling, Urban Tolling
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:
- Toshiba
- Mitsubishi
- MIFARE
- Shutoko
- Xerox
- Kapsch Trafficom AG
- Q-Free
- Hitachi
- Illinois Tollway
- Metro Infrasys
- Conduent Transportation
Highlights of The Electronic Toll Collection System 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:
- Rfid-Based ETC Systems
- Dsrc-Based ETC Systems
- Video Analytic-Based ETC Systems
- Gnss/Gps-Based ETC Systems
- By Application:
- Highway Tolling
- Urban Tolling
- 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 System 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?
An electronic toll collection system (ETCS) is a type of automated traffic management system that collects tolls from drivers using transponders mounted on their vehicles. ETCS systems are used in many countries around the world, including the United States, Canada, and Europe.
Some of the key players operating in the electronic toll collection system market are Toshiba, Mitsubishi, MIFARE, Shutoko, Xerox, Kapsch Trafficom AG, Q-Free, Hitachi, Illinois Tollway, Metro Infrasys, Conduent Transportation.
The electronic toll collection system market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Toll Collection System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Toll Collection System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Toll Collection System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Toll Collection System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Toll Collection System Market Size & Forecast, 2020-2028
4.5.1 Electronic Toll Collection System Market Size and Y-o-Y Growth
4.5.2 Electronic Toll Collection System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rfid-Based ETC Systems
5.2.2 Dsrc-Based ETC Systems
5.2.3 Video Analytic-Based ETC Systems
5.2.4 Gnss/Gps-Based ETC Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Highway Tolling
6.2.2 Urban Tolling
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Toll Collection System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Toll Collection System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rfid-Based ETC Systems
9.6.2 Dsrc-Based ETC Systems
9.6.3 Video Analytic-Based ETC Systems
9.6.4 Gnss/Gps-Based ETC Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Highway Tolling
9.10.2 Urban Tolling
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rfid-Based ETC Systems
10.6.2 Dsrc-Based ETC Systems
10.6.3 Video Analytic-Based ETC Systems
10.6.4 Gnss/Gps-Based ETC Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Highway Tolling
10.10.2 Urban Tolling
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rfid-Based ETC Systems
11.6.2 Dsrc-Based ETC Systems
11.6.3 Video Analytic-Based ETC Systems
11.6.4 Gnss/Gps-Based ETC Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Highway Tolling
11.10.2 Urban Tolling
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rfid-Based ETC Systems
12.6.2 Dsrc-Based ETC Systems
12.6.3 Video Analytic-Based ETC Systems
12.6.4 Gnss/Gps-Based ETC Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Highway Tolling
12.10.2 Urban Tolling
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rfid-Based ETC Systems
13.6.2 Dsrc-Based ETC Systems
13.6.3 Video Analytic-Based ETC Systems
13.6.4 Gnss/Gps-Based ETC Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Highway Tolling
13.10.2 Urban Tolling
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Toll Collection System Market: Competitive Dashboard
14.2 Global Electronic Toll Collection System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Toshiba
14.3.2 Mitsubishi
14.3.3 MIFARE
14.3.4 Shutoko
14.3.5 Xerox
14.3.6 Kapsch Trafficom AG
14.3.7 Q-Free
14.3.8 Hitachi
14.3.9 Illinois Tollway
14.3.10 Metro Infrasys
14.3.11 Conduent Transportation
