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The global electronic toll collection market is assessed to grow at a CAGR of 8.1% between 2024 and 2032. The market is being driven by the integration of advanced technologies in electronic toll collection systems.
Global Electronic Toll Collection Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 8.1% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 10.5% |
CAGR 2024-2032 - Market by Country | India | 12.0% |
CAGR 2024-2032 - Market by Country | China | 10.0% |
CAGR 2024-2032 - Market by Technology | Radio-Frequency Identification (RFID) | 9.2% |
CAGR 2024-2032 - Market by Application | Highways | 8.9% |
Market Share by Country 2023 | USA | XX% |
The global electronic toll collection market value is increasing amid the growing focus on improving traffic flow across toll areas caused by rapid urbanisation and industrialisation. There is a rising deployment of automatic toll collection systems that boast cost-effectiveness, low maintenance, and help increase toll collection revenue. Moreover, the shift towards GPS-based tolling, which is deployed in smart traffic management, is further aiding the market.
Technological advancements and innovations are expected to surge the electronic toll collection demand in the forecast period. The integration of technologies like automated vehicle identification systems and automated vehicle classification systems is likely to eliminate staffing expenses and efficiently classify vehicles passing through toll plazas, fuelling the market expansion.
CAGR 2024-2032 - Market by | Technology |
Radio-Frequency Identification (RFID) | 9.2% |
Dedicated Short-Range Communication (DSRC) | 8.7% |
Global Navigation Satellite System (GNSS) & GPS | 8.3% |
Video Analytics | 7.8% |
Infrared | 7.3% |
CAGR 2024-2032 - Market by | Application |
Highways | 8.9% |
Urban Areas | 7.3% |
USA: 6.6%
The USA's growth is driven by the need to upgrade existing toll collection systems and increase vehicle miles travelled. Government initiatives to enhance transportation infrastructure and promote cashless toll transactions also support growth in the ETC market.
Canada: 7.6%
Canada's growth is supported by advancements in toll collection technologies and government efforts to modernise transportation infrastructure, leading to increased adoption of electronic toll collection systems.
UK: 7.4%
The UK's growth is driven by established infrastructure, technological advancements, and government support for modernising toll collection systems to improve road efficiency.
Germany: 6.0%
Germany's growth is fuelled by investments in upgrading toll collection systems and integrating advanced ETC technologies to support seamless toll operations.
France: 5.7%
France's steady growth is supported by its commitment to reducing traffic congestion and promoting sustainable transportation solutions through modern toll collection technologies.
Italy: 5.1%
Italy shows moderate growth due to ongoing investments in modernising toll collection infrastructure and government initiatives to enhance road efficiency.
China: 10.0%
China's significant growth is driven by substantial investments in infrastructure development, including expressways and smart transportation systems, along with supportive government policies.
Japan: 6.3%
Japan's growth is supported by its focus on integrating advanced ETC technologies and government efforts to improve road efficiency and reduce traffic congestion.
India: 12.0%
India leads with the highest CAGR, driven by government initiatives promoting cashless transactions, expanding road infrastructure, and the implementation of ETC systems like FASTag.
Australia: 7.1%
Australia's growth is driven by established infrastructure, government support for modernising toll collection systems, and increasing investments in transportation technologies.
Brazil: 8.9%
The electronic toll collection industry in Brazil is supported by the need to modernise transportation infrastructure and reduce urban traffic congestion, with significant government investments in toll collection technologies.
Mexico: 7.5%
Mexico shows moderate growth due to the growing adoption of electronic toll collection systems and government support for modernising transportation infrastructure.
Saudi Arabia: 9.2%
Saudi Arabia's significant growth is driven by the Vision 2030 initiative, which emphasises the development of advanced transportation infrastructure and the adoption of ETC systems to enhance road efficiency.
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 10.5% |
Middle East and Africa | 8.8% |
Latin America | 7.7% |
North America | 6.7% |
Europe | 6.2% |
CAGR 2024-2032 - Market by | Country |
India | 12.0% |
China | 10.0% |
Saudi Arabia | 9.2% |
Brazil | 8.9% |
Canada | 7.6% |
Mexico | 7.5% |
UK | 7.4% |
Australia | 7.1% |
USA | 6.6% |
Japan | 6.3% |
Germany | 6.0% |
France | 5.7% |
Italy | 5.1% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the Global electronic toll collection market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the global electronic toll collection industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the global electronic toll collection market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the global electronic toll collection market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electronic Toll Collection Market Analysis
8.1 Key Industry Highlights
8.2 Global Electronic Toll Collection Historical Market (2018-2023)
8.3 Global Electronic Toll Collection Market Forecast (2024-2032)
8.4 Global Electronic Toll Collection Market by Technology
8.4.1 RFID
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 DSRC
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 GPS
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 GNSS
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Video Analytics
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global Electronic Toll Collection Market by Application
8.5.1 Highways
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Urban Areas
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Electronic Toll Collection Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Electronic Toll Collection Market Analysis
9.1 Market by Technology
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Market by Technology
9.3.1.2 Market by Application
9.3.1.3 Historical Trend (2018-2023)
9.3.1.4 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Market by Technology
9.3.2.2 Market by Application
9.3.2.3 Historical Trend (2018-2023)
9.3.2.4 Forecast Trend (2024-2032)
10 Europe Electronic Toll Collection Market Analysis
10.1 Market by Technology
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Market by Technology
10.3.1.2 Market by Application
10.3.1.3 Historical Trend (2018-2023)
10.3.1.4 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Market by Technology
10.3.2.2 Market by Application
10.3.2.3 Historical Trend (2018-2023)
10.3.2.4 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Market by Technology
10.3.3.2 Market by Application
10.3.3.3 Historical Trend (2018-2023)
10.3.3.4 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Market by Technology
10.3.4.2 Market by Application
10.3.4.3 Historical Trend (2018-2023)
10.3.4.4 Forecast Trend (2024-2032)
10.4 Others
11 Asia Pacific Electronic Toll Collection Market Analysis
11.1 Market by Technology
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Market by Technology
11.3.1.2 Market by Application
11.3.1.3 Historical Trend (2018-2023)
11.3.1.4 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Market by Technology
11.3.2.2 Market by Application
11.3.2.3 Historical Trend (2018-2023)
11.3.2.4 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Market by Technology
11.3.3.2 Market by Application
11.3.3.3 Historical Trend (2018-2023)
11.3.3.4 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Market by Technology
11.3.4.2 Market by Application
11.3.4.3 Historical Trend (2018-2023)
11.3.4.4 Forecast Trend (2024-2032)
11.3.5 Australia
11.3.5.1 Market by Technology
11.3.5.2 Market by Application
11.3.5.3 Historical Trend (2018-2023)
11.3.5.4 Forecast Trend (2024-2032)
11.3.6 Others
12 Latin America Electronic Toll Collection Market Analysis
12.1 Market by Technology
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Market by Technology
12.3.1.2 Market by Application
12.3.1.3 Historical Trend (2018-2023)
12.3.1.4 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Market by Technology
12.3.2.2 Market by Application
12.3.2.3 Historical Trend (2018-2023)
12.3.2.4 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Market by Technology
12.3.3.2 Market by Application
12.3.3.3 Historical Trend (2018-2023)
12.3.3.4 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Electronic Toll Collection Market Analysis
13.1 Market by Technology
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Market by Technology
13.3.1.2 Market by Application
13.3.1.3 Historical Trend (2018-2023)
13.3.1.4 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Market by Technology
13.3.2.2 Market by Application
13.3.2.3 Historical Trend (2018-2023)
13.3.2.4 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Market by Technology
13.3.3.2 Market by Application
13.3.3.3 Historical Trend (2018-2023)
13.3.3.4 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Market by Technology
13.3.4.2 Market by Application
13.3.4.3 Historical Trend (2018-2023)
13.3.4.4 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Kapsch TraffiCom AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Transcore Holdings, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Thales Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Honeywell International, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 EFKON GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electronic Toll Collection Market: Key Industry Highlights, 2018 and 2032
2. Global Electronic Toll Collection Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Global Electronic Toll Collection Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Global Electronic Toll Collection Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Electronic Toll Collection Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Electronic Toll Collection Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Electronic Toll Collection Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Electronic Toll Collection Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Electronic Toll Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Electronic Toll Collection Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Electronic Toll Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Electronic Toll Collection Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Electronic Toll Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Electronic Toll Collection Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Electronic Toll Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Electronic Toll Collection Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Electronic Toll Collection Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Electronic Toll Collection Market Structure
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