Electronic Toll Collection Market Size – By Component (Hardware, Software and Services), By Technology (RFID (Radio Frequency Identification), DSRC (Dedicated Short Range Communication), GNSS/GPS (Global Navigation Satellite System/Global Positioning System), ANPR (Automatic Number Plate Recognition), and Others), By Tolling Type (Open Tolling Systems, Closed Tolling Systems, Distance-Based Tolling and Dynamic Tolling/Congestion Pricing), By Application (Highways, Urban Zones and Bridges and Tunnels), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-09-23
- NO OF PAGES
- 290
- CATEGORY
- Electronics & Communication
Market Overview
The Electronic Toll Collection market is predicted to develop at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2034, when it is projected to reach USD 21,976.43 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 10,442.69 Million in 2024.
SOURCE: We Market Research
The Global
Electronic Toll Collection (ETC) Market refers to the industry and
infrastructure surrounding the automated toll collection systems used in
transportation. These systems enable the automatic collection of toll fees from
vehicles, typically on highways, bridges, tunnels, urban areas, and other
transportation networks, without the need for stopping at a toll booth.
ETC systems rely
on advanced technologies such as RFID, DSRC, GNSS, GPS, and ANPR to identify
and process vehicles as they pass through tolling points. The goal is to reduce
traffic congestion, minimize delays, enhance convenience for commuters, and
optimize revenue collection for transportation authorities.
These systems
can be integrated with broader traffic management strategies, including dynamic
tolling, and can support interoperability across different regions or
countries. They are increasingly being adopted as part of smart city
initiatives and are seen as critical for modernizing transportation
infrastructure globally.
Electronic Toll
Collection (ETC) systems are designed to automate toll payments on highways and
bridges, eliminating the need for human intervention or cash transactions.
These systems help manage traffic efficiently, reduce delays, and minimize
human errors. ETC is widely used in developed countries and is gaining traction
in emerging economies due to infrastructure development and digital
transformation initiatives. The market is expected to evolve with greater
technological innovation and increased adoption, particularly in emerging
markets where infrastructure development is a priority.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 10,442.69 Million |
|
Market
Forecast in 2034 |
USD 21,976.43
Million |
|
CAGR % 2024-2034 |
10.8% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Component,
By Technology, By Tolling Type, By Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Electronic Toll Collection Industry: Dynamics &
Restrains
Market opportunity:
We Market
Research: Electronic Toll Collection
Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Electronic Toll Collection
Segmentation
Market- By Component Analysis
By Component, the Electronic Toll Collection market is categories into Hardware, Software and Services. Hardware segments dominate the market with the largest share, accounting for over 50% of the market in 2023. Hardware constitutes the largest share of the global ETC market, as physical infrastructure is essential for the operation of toll collection systems. Hardware includes the physical components that capture and process data at toll points. Hardware represents a major portion of ETC investments as it involves the installation of expensive, large-scale infrastructure. However, its share may decrease slightly over time as software and services become more advanced.
The
following segments are part of an in-depth analysis of the global Electronic
Toll Collection market:
|
Market Segments |
|
|
By Component |
·
Hardware ·
Software o
Toll Management Software o
Revenue Management Solutions o
Data Analytics Platforms ·
Service o
Installation and Integration Services o
Maintenance and Support Services o
Tolling-as-a-Service (TaaS) |
|
By Technology |
·
RFID (Radio Frequency Identification) ·
DSRC (Dedicated Short Range Communication) ·
GNSS/GPS (Global Navigation Satellite System/Global
Positioning System) ·
ANPR (Automatic Number Plate Recognition) ·
Others |
|
By Tolling
Type |
·
Open Tolling Systems ·
Closed Tolling Systems ·
Distance-Based Tolling ·
Dynamic Tolling/Congestion Pricing |
|
By Application |
·
Highways ·
Urban Zones ·
Bridges and Tunnels |
Electronic Toll Collection Industry: Regional Analysis
North America Market Forecast
North America
dominates the global Electronic Toll Collection market, accounting for around 40%
of the market share in 2023. North America holds the largest share of the
global ETC market due to the early adoption of advanced tolling technologies,
well-established road infrastructure, and government support for smart
transportation systems. The United States, in particular, has a well-developed
network of electronic tolling systems like E-ZPass and SunPass, which
contribute significantly to the region’s market share. The U.S. has been a leader in implementing ETC
systems, with RFID-based tolling solutions widely adopted across highways.
Europe Market Statistics
Europe is
another major region for ETC systems, with widespread adoption driven by
cross-border road networks and advanced transportation infrastructure. Many
European countries have integrated ETC systems to improve traffic flow and
reduce congestion, particularly in the context of the European Electronic Toll
Service (EETS) initiative. Countries like Italy, France, and Germany have
advanced ETC technologies, often using ANPR cameras, RFID systems, and
satellite-based tolling.
Asia Pacific Market Forecasts
Asia Pacific is
witnessing rapid growth in the ETC market, driven by increased investments in
road infrastructure, rising traffic congestion, and government-led initiatives
to modernize toll collection systems. Countries like China, India, Japan, and
South Korea are key contributors to this market growth.
Middle East & Africa Market Statistics
The ETC market
in the Middle East and Africa (MEA) is still in the nascent stage, but it is
expected to grow steadily due to ongoing infrastructure development projects
and increasing demand for smart transportation solutions. Countries in the Gulf
Cooperation Council (GCC), particularly the UAE and Saudi Arabia, are leading
this market.
Key Market Players
The Electronic Toll Collection Market is dominated by
a few large companies, such as
·
Kapsch TrafficCom AG
·
Conduent Incorporated
·
CTS Corporation
·
Schneider Electric
·
Siemens AG
·
Thales Group
·
EFKON GmbH
·
Q-Free ASA
·
TagMaster AB
·
Swarco AG
·
Cubic Transportation Systems
·
Breeze Technologies
·
Skywise Technologies
·
Intel Corporation
· Other
1.
Global
Electronic Toll Collection Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Electronic Toll
Collection Market Scope and Market Estimation
1.2.1. Global Electronic Toll
Collection Overall Market Size (US$ Bn), Market CAGR (%), Market forecast (2024
- 2034)
1.2.2. Global Electronic Toll
Collection Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Component of Global Electronic
Toll Collection Market
1.3.2. Technology of Global Electronic
Toll Collection Market
1.3.3. Tolling Type of Global Electronic
Toll Collection Market
1.3.4. Application of Global Electronic
Toll Collection Market
1.3.5. Region of Global Electronic Toll
Collection Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
3.
Global Electronic Toll
Collection Market Estimates &
Historical Trend Analysis (2019 - 2023)
4.
Global Electronic Toll
Collection Market Estimates &
Forecast Trend Analysis, by Component
4.1. Global Electronic Toll
Collection Market Revenue (US$ Bn) Estimates and Forecasts, by Component, 2019
- 2034
4.1.1. Hardware
4.1.2. Software
4.1.2.1.
Toll
Management Software
4.1.2.2.
Revenue
Management Solutions
4.1.2.3.
Data
Analytics Platforms
4.1.3. Services
4.1.3.1.
Installation
and Integration Services
4.1.3.2.
Maintenance
and Support Services
4.1.3.3.
Tolling-as-a-Service
(TaaS)
5.
Global Electronic Toll
Collection Market Estimates &
Forecast Trend Analysis, by Technology
5.1. Global Electronic Toll
Collection Market Revenue (US$ Bn) Estimates and Forecasts, by Technology, 2019
- 2034
5.1.1. RFID (Radio Frequency
Identification)
5.1.2. DSRC (Dedicated Short Range
Communication)
5.1.3. GNSS/GPS (Global Navigation
Satellite System/Global Positioning System)
5.1.4. ANPR (Automatic Number Plate
Recognition)
5.1.5. Others
6.
Global Electronic Toll
Collection Market Estimates &
Forecast Trend Analysis, by Tolling Type
6.1. Global Electronic Toll
Collection Market Revenue (US$ Bn) Estimates and Forecasts, by Tolling Type, 2019
- 2034
6.1.1. Open Tolling Systems
6.1.2. Closed Tolling Systems
6.1.3. Distance-Based Tolling
6.1.4. Dynamic Tolling/Congestion
Pricing
7.
Global Electronic Toll
Collection Market Estimates &
Forecast Trend Analysis, by Application
7.1. Global Electronic Toll
Collection Market Revenue (US$ Bn) Estimates and Forecasts, by Application, 2019
- 2034
7.1.1. Highways
7.1.2. Urban Zones
7.1.3. Bridges and Tunnels
8.
Global Electronic Toll
Collection Market Estimates &
Forecast Trend Analysis, by Region
8.1. Global Electronic Toll
Collection Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 -
2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Electronic Toll Collection Market: Estimates & Forecast Trend Analysis
9.1.
North
America Electronic Toll Collection Market Assessments & Key Findings
9.1.1. North America Electronic Toll
Collection Market Introduction
9.1.2. North America Electronic Toll
Collection Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Component
9.1.2.2. By Technology
9.1.2.3. By Tolling Type
9.1.2.4. By Application
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Electronic
Toll Collection Market: Estimates &
Forecast Trend Analysis
10.1. Western Europe Electronic Toll
Collection Market Assessments & Key Findings
10.1.1. Western Europe Electronic Toll
Collection Market Introduction
10.1.2. Western Europe Electronic Toll
Collection Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Component
10.1.2.2. By Technology
10.1.2.3. By Tolling Type
10.1.2.4. By Application
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Electronic
Toll Collection Market: Estimates &
Forecast Trend Analysis
11.1. Eastern Europe Electronic Toll
Collection Market Assessments & Key Findings
11.1.1. Eastern Europe Electronic Toll
Collection Market Introduction
11.1.2. Eastern Europe Electronic Toll
Collection Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Component
11.1.2.2. By Technology
11.1.2.3. By Tolling Type
11.1.2.4. By Application
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Electronic
Toll Collection Market: Estimates &
Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Electronic Toll
Collection Market Introduction
12.1.2. Asia Pacific Electronic Toll
Collection Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Component
12.1.2.2. By Technology
12.1.2.3. By Tolling Type
12.1.2.4. By Application
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Electronic
Toll Collection Market: Estimates &
Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Electronic
Toll Collection Market Introduction
13.1.2. Middle
East & Africa Electronic
Toll Collection Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
13.1.2.1. By Component
13.1.2.2. By Technology
13.1.2.3. By Tolling Type
13.1.2.4. By Application
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Electronic Toll Collection Market:
Estimates & Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Electronic Toll
Collection Market Introduction
14.1.2. Latin America Electronic Toll
Collection Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
14.1.2.1. By Component
14.1.2.2. By Technology
14.1.2.3. By Tolling Type
14.1.2.4. By Application
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Electronic Toll
Collection Market Product Mapping
16.2. Global Electronic Toll
Collection Market Concentration Analysis, by Leading Players / Innovators /
Emerging Players / New Entrants
16.3. Global Electronic Toll
Collection Market Tier Structure Analysis
16.4. Global Electronic Toll
Collection Market Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1.
Kapsch TrafficCom AG
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
17.2. Conduent
Incorporated
17.3. CTS Corporation
17.4. Schneider
Electric
17.5. Siemens AG
17.6. Thales Group
17.7. EFKON GmbH
17.8. Q-Free ASA
17.9. TagMaster AB
17.10. Swarco AG
17.11. Cubic
Transportation Systems
17.12. Breeze
Technologies
17.13. Skywise
Technologies
17.14. Intel
Corporation
17.15. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Electronic Toll Collection Market in 2024?
Electronic Toll Collection Market was valued at USD 10,442.69 Million in 2024.
What is the growth rate for the Electronic Toll Collection Market?
Electronic Toll Collection Market size will increase at approximate CAGR of 10.8% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Kapsch TrafficCom AG, Conduent Incorporated, CTS Corporation, Schneider Electric, Siemens AG, Thales Group, EFKON GmbH, Q-Free ASA, TagMaster AB, Swarco AG, Cubic Transportation Systems, Breeze Technologies, Skywise Technologies, Intel Corporation, and others.
Which region dominates the Electronic Toll Collection Market?
North America dominates the market with an active share of 40%.
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