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Electronic Toll Collection Market

The global electronic toll collection market size reached US$ 10.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

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Electronic Toll Collection Market

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  1. Global Electronic Toll Collection Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

  2. About IMARC Group • International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. • IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. • IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

  3. Report Highlight and Description • According to the latest report by IMARC Group, titled "Electronic Toll Collection Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"The global Electronic Toll Collection market size reached US$ 472.5 Million in 2023. • The increasing adoption of smart transportation systems due to rapid urbanization and the need for efficient traffic management systems is driving the global market. The rising demand for cashless travel solutions to reduce traffic congestion and enhance toll collection efficiency further fuels the market expansion. Moreover, government initiatives and policies aimed at reducing vehicle emissions and promoting sustainable transportation systems are accelerating the adoption of ETC systems. Additionally, the integration of advanced technologies such as RFID, DSRC, and GNSS in toll collection systems is enhancing their accuracy and operational efficiency. Furthermore, the growing need for improved road safety and reduced vehicular accidents is supporting the demand for automated tolling systems. Besides, the increased penetration of electronic payment methods and the expanding infrastructure development projects worldwide are significantly contributing to the market growth. • Looking forward, IMARC Group expects the market to reach US$ 1,209.4 Million by 2032, exhibiting a growth rate (CAGR) of 11.01% during 2024-2032. • Request for a PDF sample of this report: • https://www.imarcgroup.com/electronic-toll-collection-market/requestsample

  4. Report Description • Global Electronic Toll Collection Market Trends: • The scope of the market is broadening due to the increasing implementation of ETC systems across developing economies, driven by infrastructural advancements and modernization initiatives. The shift towards intelligent transportation systems (ITS) to enhance operational efficiency and reduce traffic congestion presents numerous growth opportunities. Moreover, continual advancements in wireless communication technologies and their integration with ETC systems are expanding the market landscape. The collaboration between public and private sectors in developing smart cities further enhances market prospects. Additionally, the development of interoperable ETC systems that can function across different regions and countries is facilitating cross-border travel and commerce, thereby expanding market reach. • Furthermore, the rising consumer preference for seamless and contactless payment solutions in transportation is contributing to market growth. The introduction of innovative tolling solutions, such as mobile-based tolling apps and automated vehicle identification, is also expected to drive market expansion. The growing emphasis on sustainable and eco-friendly transportation systems aligns with the adoption of ETC systems, thereby supporting the market growth. • View Report TOC, Figures and Tables: https://www.imarcgroup.com/electronic-toll-collection-market

  5. Breakup by Technology: • RFID • DSRC • Others • Breakup by System: • Transponder - or Tag-Based Toll Collection Systems • Other Toll Collection Systems • Breakup by Subsystem: • Automated Vehicle Identification • Automated Vehicle Classification • Violation Enforcement System • Transaction Processing Report Segmentation

  6. Breakup by Offering: • Hardware • Back Office and Other Services Breakup by Toll Charging: • Distance Based • Point Based • Time Based • Perimeter Based Breakup by Application: • Highways • Urban Areas Report Segmentation

  7. Report Segmentation Breakup by Region: • North America (United States, Canada) • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) • Latin America (Brazil, Mexico, Others) • Middle East and Africa

  8. Competitive Landscape • 3M • Conduent Business Services LLC • Cubic Transportation Systems Inc. • Efkon AG • Kapsch Trafficcom AG • Q-Free • Raytheon Company • Schneider Electric • Siemens AG • Thales Group • Trans Core • Transurban Limited

  9. Key Questions Answered in the Report How big is the electronic toll collection market? What is the expected growth rate of the global electronic toll collection market during 2024-2032? What are the key factors driving the global electronic toll collection market? What has been the impact of COVID-19 on the global electronic toll collection market? What is the breakup of the global electronic toll collection market based on technology? What is the breakup of the global electronic toll collection market based on system?

  10. Key Questions Answered in the Report What is the breakup of the global electronic toll collection market based on the subsystem? What is the breakup of the global electronic toll collection market based on the offering? What is the breakup of the global electronic toll collection market based on the toll charging? What is the breakup of the global electronic toll collection market based on the application? What are the key regions in the global electronic toll collection market? Who are the key players/companies in the global electronic toll collection market?

  11. 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Electronic Toll Collection Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Technology 6.1 RFID 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 DSRC 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Others 6.3.1 Market Trends 6.3.2 Market Forecast 7 Market Breakup by System Table of Contents

  12. 7.1 Transponder - or Tag-Based Toll Collection Systems 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Other Toll Collection Systems 7.2.1 Market Trends 7.2.2 Market Forecast 8 Market Breakup by Subsystem 8.1 Automated Vehicle Identification 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Automated Vehicle Classification 8.2.1 Market Trends 8.2.2 Market Forecast 8.3 Violation Enforcement System 8.3.1 Market Trends 8.3.2 Market Forecast 8.4 Transaction Processing 8.4.1 Market Trends 8.4.2 Market Forecast 9 Market Breakup by Offering 9.1 Hardware 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Back Office and Other Services 9.2.1 Market Trends 9.2.2 Market Forecast 10 Market Breakup by Toll Charging 10.1 Distance Based 10.1.1 Market Trends 10.1.2 Market Forecast 10.2 Point Based 10.2.1 Market Trends 10.2.2 Market Forecast Table of Contents

  13. 10.3 Time Based 10.3.1 Market Trends 10.3.2 Market Forecast 10.4 Perimeter Based 10.4.1 Market Trends 10.4.2 Market Forecast 11 Market Breakup by Application 11.1 Highways 11.1.1 Market Trends 11.1.2 Market Forecast 11.2 Urban Areas 11.2.1 Market Trends 11.2.2 Market Forecast 12 Market Breakup by Region 12.1 North America 12.1.1 United States 12.1.1.1 Market Trends 12.1.1.2 Market Forecast 12.1.2 Canada 12.1.2.1 Market Trends 12.1.2.2 Market Forecast 12.2 Asia Pacific 12.2.1 China 12.2.1.1 Market Trends 12.2.1.2 Market Forecast 12.2.2 Japan 12.2.2.1 Market Trends 12.2.2.2 Market Forecast 12.2.3 India 12.2.3.1 Market Trends 12.2.3.2 Market Forecast 12.2.4 South Korea Table of Contents

  14. 12.2.4.1 Market Trends 12.2.4.2 Market Forecast 12.2.5 Australia 12.2.5.1 Market Trends 12.2.5.2 Market Forecast 12.2.6 Indonesia 12.2.6.1 Market Trends 12.2.6.2 Market Forecast 12.2.7 Others 12.2.7.1 Market Trends 12.2.7.2 Market Forecast 12.3 Europe 12.3.1 Germany 12.3.1.1 Market Trends 12.3.1.2 Market Forecast 12.3.2 France 12.3.2.1 Market Trends 12.3.2.2 Market Forecast 12.3.3 United Kingdom 12.3.3.1 Market Trends 12.3.3.2 Market Forecast 12.3.4 Italy 12.3.4.1 Market Trends 12.3.4.2 Market Forecast 12.3.5 Spain 12.3.5.1 Market Trends 12.3.5.2 Market Forecast 12.3.6 Russia 12.3.6.1 Market Trends 12.3.6.2 Market Forecast 12.3.7 Others 12.3.7.1 Market Trends 12.3.7.2 Market Forecast Table of Contents

  15. 12.4 Latin America 12.4.1 Brazil 12.4.1.1 Market Trends 12.4.1.2 Market Forecast 12.4.2 Mexico 12.4.2.1 Market Trends 12.4.2.2 Market Forecast 12.4.3 Others 12.4.3.1 Market Trends 12.4.3.2 Market Forecast 12.5 Middle East and Africa 12.5.1 Market Trends 12.5.2 Market Breakup by Country 12.5.3 Market Forecast 13 SWOT Analysis 13.1 Overview 13.2 Strengths 13.3 Weaknesses 13.4 Opportunities 13.5 Threats 14 Value Chain Analysis 15 Porters Five Forces Analysis 15.1 Overview 15.2 Bargaining Power of Buyers 15.3 Bargaining Power of Suppliers 15.4 Degree of Competition 15.5 Threat of New Entrants 15.6 Threat of Substitutes 16 Competitive Landscape 16.1 Market Structure 16.2 Key Players 16.3 Profiles of Key Players Table of Contents

  16. 16.3.1 3M 16.3.1.1 Company Overview 16.3.1.2 Product Portfolio 16.3.1.3 Financials 16.3.1.4 SWOT Analysis 16.3.2 Conduent Business Services LLC 16.3.2.1 Company Overview 16.3.2.2 Product Portfolio 16.3.3 Cubic Transportation Systems Inc. 16.3.3.1 Company Overview 16.3.3.2 Product Portfolio 16.3.4 Efkon AG 16.3.4.1 Company Overview 16.3.4.2 Product Portfolio 16.3.4.3 Financials 16.3.5 Kapsch Trafficcom AG 16.3.5.1 Company Overview 16.3.5.2 Product Portfolio 16.3.5.3 Financials 16.3.5.4 SWOT Analysis 16.3.6 Q-Free 16.3.6.1 Company Overview 16.3.6.2 Product Portfolio 16.3.6.3 Financials 16.3.7 Raytheon Company 16.3.7.1 Company Overview 16.3.7.2 Product Portfolio 16.3.7.3 Financials 16.3.7.4 SWOT Analysis 16.3.8 Schneider Electric 16.3.8.1 Company Overview 16.3.8.2 Product Portfolio 16.3.9 Siemens AG Table of Contents

  17. 16.3.9.1 Company Overview 16.3.9.2 Product Portfolio 16.3.9.3 Financials 16.3.9.4 SWOT Analysis 16.3.10 Thales Group 16.3.10.1 Company Overview 16.3.10.2 Product Portfolio 16.3.11 Trans Core 16.3.11.1 Company Overview 16.3.11.2 Product Portfolio 16.3.12 Transurban Limited 16.3.12.1 Company Overview 16.3.12.2 Product Portfolio 16.3.12.3 Financials • For more information, visit: https://www.imarcgroup.com/electronic-toll-collection-market/toc Table of Contents

  18. Partial List of Clients

  19. Partial List of Clients

  20. Disclaimer © 2024 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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