Electronic Toll Collection Market: By System Type (Transponder-/Tag-based Tolling Systems, Other Tolling Systems), By Technology (Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), GNSS & GPS), Payment Method (Prepaid, Postpaid), By Application (Highways, Urban Areas) and Geography

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Electronic Toll Collection Market is estimated to be valued at USD 4,831.9 million in 2021 and is poised to grow at a significant CAGR of 8.4% over 2022-2028. The electronic toll collection (ETC) system is a high-tech device that collects tolls automatically without the vehicle having to stop. It uses new technical solutions like DSRC, GPS, and GNSS to collect toll and tracking technologies, and video analytics to effectively control traffic in congested locations, hence simplifying toll collection. The transponder/tag-based tolling systems segment is expected to account for substantial growth of the electronic toll collecting market during the forecast period. In many nations, transponder-/tag-based tolling systems have been frequently employed for vehicle identification. Vehicles are equipped with a transponder/tag that allows them to connect with roadside equipment and conduct toll payment transactions without having to stop the car due to these convenient facilities of transponder-/tag-based tolling systems. Furthermore, Players are focused on expanding their services in the market. 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. Increase in demand for the improved traffic management at toll collecting centers, increased cashless travel amenities, expensive initial installation, and operational costs of ETC, and increased acceptance of ETC.

Electronic Toll Collection Market Key Developments:
  • In November 2020, Kapsch completed the development of a brand-new electronic tolling (AET) system for the New York State Thruway Authority (NYSTA), which is now fully operational and collecting money.

Electronic Toll Collection Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.4%

Largest Market

North America

Fastest Growing Market

North America
Electronic Toll Collection Market Dynamics

The growing use of electronic toll collection along with the growing requirement for effective traffic management solutions is a key factor driving the growth of the market. Smooth traffic flow and time savings at the toll booth are ensured by proper and effective traffic management. Congestion at toll plazas is exacerbated by increasing traffic on national roads, resulting in time and fuel losses. To make toll payments directly from its associated prepaid or postpaid account, the future electronic toll collecting system employs technologies such as RFID with an on-board unit called tag. Furthermore, RFID technique allows drivers to pass toll booths without having to stop and reduces traffic congestion.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Electronic Toll Collection Market Segmentation

By System Type
  • Transponder-/Tag-based Tolling Systems,
  • Other Tolling Systems
By Technology
  • Radio-frequency Identification (RFID),
  • Dedicated Short-range Communication (DSRC),
  • GNSS & GPS
By Payment Method
  • Prepaid,
  • Postpaid.
By Application
  • Highways,
  • Urban Areas.

Frequently Asked Questions

The electronic toll collection market is projected to expand at a CAGR of 8.4% during the forecast period

Kapsch TrafficCom (Austria), Conduent Business Services LLC (US), EFKON GmbH (Austria), TransCore (US), Thales Group (France), Raytheon Technologies Corporation (US)

North America is the fastest-growing region for electronic toll collection market

1. Executive Summary
2. Global Electronic Toll System Market Introduction
2.1. Global Electronic Toll System Market Taxonomy
2.2. Global Electronic Toll System Market Definitions
2.2.1. By System Type
2.2.2. By Technology
2.2.3. By Payment Method
2.2.4. By Application
2.2.5. By Region
3. Global Electronic Toll System Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Electronic Toll System Market Dynamic Factors - Impact Analysis
3.6. Global Electronic Toll System Market Competition Landscape
4. Global Electronic Toll System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Electronic Toll System Market, By System Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Transponder-/Tag-based Tolling Systems
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Other Tolling Systems
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Electronic Toll System Market, By Technology, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1. Radio-frequency Identification (RFID)
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Dedicated Short-range Communication (DSRC)
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. GNSS & GPS
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Electronic Toll System Market, By Payment Method, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. Prepaid
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Postpaid
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
8. Global Electronic Toll System Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. Highways
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Urban Areas
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
9. Global Electronic Toll System Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Electronic Toll System Market - Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Region, 2023 - 2029
10. North America Electronic Toll System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. System Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Transponder-/Tag-based Tolling Systems
10.1.2. Other Tolling Systems
10.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Radio-frequency Identification (RFID)
10.2.2. Dedicated Short-range Communication (DSRC)
10.2.3. GNSS & GPS
10.2.4. Others
10.3. Payment Method Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Prepaid
10.3.2. Postpaid
10.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Highways
10.4.2. Urban Areas
10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Electronic Toll System Market - Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2023 - 2029
10.7. North America Electronic Toll System Market Dynamics Trends
11. Europe Electronic Toll System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. System Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Transponder-/Tag-based Tolling Systems
11.1.2. Other Tolling Systems
11.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Radio-frequency Identification (RFID)
11.2.2. Dedicated Short-range Communication (DSRC)
11.2.3. GNSS & GPS
11.2.4. Others
11.3. Payment Method Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Prepaid
11.3.2. Postpaid
11.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Highways
11.4.2. Urban Areas
11.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Electronic Toll System Market - Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2023 - 2029
11.7. Europe Electronic Toll System Market Dynamics Trends
12. Asia-Pacific Electronic Toll System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. System Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Transponder-/Tag-based Tolling Systems
12.1.2. Other Tolling Systems
12.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Radio-frequency Identification (RFID)
12.2.2. Dedicated Short-range Communication (DSRC)
12.2.3. GNSS & GPS
12.2.4. Others
12.3. Payment Method Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Prepaid
12.3.2. Postpaid
12.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Highways
12.4.2. Urban Areas
12.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Electronic Toll System Market - Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2023 - 2029
12.7. Asia-Pacific Electronic Toll System Market Dynamics Trends
13. Latin America Electronic Toll System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. System Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Transponder-/Tag-based Tolling Systems
13.1.2. Other Tolling Systems
13.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Radio-frequency Identification (RFID)
13.2.2. Dedicated Short-range Communication (DSRC)
13.2.3. GNSS & GPS
13.2.4. Others
13.3. Payment Method Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Prepaid
13.3.2. Postpaid
13.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Highways
13.4.2. Urban Areas
13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Electronic Toll System Market - Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2023 - 2029
13.7. Latin America Electronic Toll System Market Dynamics Trends
14. Middle East and Africa Electronic Toll System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
14.1. System Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Transponder-/Tag-based Tolling Systems
14.1.2. Other Tolling Systems
14.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Radio-frequency Identification (RFID)
14.2.2. Dedicated Short-range Communication (DSRC)
14.2.3. GNSS & GPS
14.2.4. Others
14.3. Payment Method Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Prepaid
14.3.2. Postpaid
14.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Highways
14.4.2. Urban Areas
14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Electronic Toll System Market - Opportunity Analysis Index, By System Type, Technology, Payment Method, Application, and Country, 2023 - 2029
14.7. MEA Electronic Toll System Market Dynamics Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Kapsch TrafficCom
15.2.2. Windsor Detroit Borderlink Limited
15.2.3. FETC International Co, Ltd.
15.2.4. EFKON GmbH
15.2.5. Neology, Inc.
15.2.6. VINCI
15.2.7. Cubic Transportation
15.2.8. Conduent Business Services, LLC
15.2.9. Thales Group
15.2.10. Feig Electronic GmbH
15.2.11. Vitronic
15.2.12. Darts Engineering
15.2.13. Transurban
15.2.14. Macquarie
15.2.15. Meridiam
15.2.16. I Squared Capital
16. Research Methodology
17. Key Assumptions and Acronyms
  • 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),
  • Feig Electronic GmbH (Germany)

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