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Electronic Toll Collection (ETC) Systems - Global Market Trajectory & Analytics

  • ID: 1946769
  • Report
  • July 2020
  • Region: Global
  • 110 Pages
  • Global Industry Analysts, Inc
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Global Electronic Toll Collection (ETC) Systems Market to Reach US$12.4 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Electronic Toll Collection (ETC) Systems estimated at US$6.8 Billion in the year 2020, is projected to reach a revised size of US$12.4 Billion by 2027, growing at a CAGR of 8.9% over the period 2020-2027.

The U. S. Accounts for Over 29.6% of Global Market Size in 2020, While China is Forecast to Grow at a 8.3% CAGR for the Period of 2020-2027

The Electronic Toll Collection (ETC) Systems market in the U. S. is estimated at US$2 Billion in the year 2020. The country currently accounts for a 29.62% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.2 Billion in the year 2027 trailing a CAGR of 8.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 7.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR while Rest of European market (as defined in the study) will reach US$2.2 Billion by the year 2027.The publisher brings years of research experience to this 19th edition of our report. The 110-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Abertis
  • Atlantia S. p.A
  • Conduent Inc.
  • Cubic Corporation
  • DENSO CORPORATION
  • Far Eastern Electronic Toll Collection Co., Ltd. (FETC)
  • GeoToll
  • International Road Dynamics Inc.
  • Kapsch TrafficCom AG
  • Perceptics LLC
  • Q-Free ASA
  • Raytheon Company
  • Sanef
  • Siemens AG
  • Star Systems International Limited
  • Thales Group
  • The Revenue Markets Inc. (TRMI)
  • Toll Collect GmbH
  • TransCore

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Road User Charging: The Only Sustainable Way to Fund Road Infrastructure Development

Growing Investments in Construction of Roads and Highways Augurs Well for ETC Systems Market

Recent Market Activity

Road User Charging/Tolling Emerges as a Dual Edged Sword for Revenue Generation & Congestion Management

ETC Emerges as a Key Enabling Technology for Tolling

Need to Avoid Lengthy Waiting Lines & Environmental Pollution at Toll Plazas to Drive Demand for ETC Systems

Global Market Outlook

Asia-Pacific and Other Developing Countries to Drive Future Market Growth

Global Competitor Market Shares

Electronic Toll Collection (ETC) Systems Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Abertis (Spain)

Sanef (France)

Atlantia S.p.A (Italy)

Conduent, Inc. (USA)

Cubic Corporation (USA)

DENSO CORPORATION (Japan)

EFKON AG (Austria)

Far Eastern Electronic Toll Collection Co., Ltd. (FETC) (Taiwan)

G.E.A. (France)

GeoToll (USA)

International Road Dynamics, Inc. (Canada)

Kapsch TrafficCom AG (Austria)

Neology, Inc. (USA)

Perceptics LLC (USA)

Q-Free ASA (Norway)

Raytheon Company (USA)

Siemens AG (Germany)

Star Systems International Limited (Hong Kong)

Thales Group (France)

The Revenue Markets, Inc. (TRMI) (USA)

Toll Collect GmbH (Germany)

TransCore Holdings, Inc. (USA)

3. MARKET TRENDS & DRIVERS

Notable Trends, Growth Drivers & Issues

Lessening the Challenge of Interoperability Stands Out as a Key Driver of Growth

ETC Systems, as a Vital Cog in the ITS Wheel, to Benefit from the Growing Investments in ITS

Payment Innovations Heighten the Attractiveness of ETC Deployments

ETC Systems Assist in Effective Traffic Management

RFID: One of the Most Popular ETC Technologies

DSRC (Dedicated Short Range Communications), as a Superior Technology to RFID, Gains in Prominence

As Satellite Technologies Emerge to the Forefront, New Generation, Multi-Constellation GNSS Hogs the Technology Limelight

Video Tolling (ANPR): A Mature Technology

Smart Cards in Demand for ETC Systems

Innovation & Market Differentiation - Key Determinants for Success of ETC Projects

Major Challenges to Growth: A Synopsized Review

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Electronic Toll Collection (ETC) Systems Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Electronic Toll Collection (ETC) Systems Market Share Shift across Key Geographies Worldwide: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

Market Analytics
TABLE 3: United States Electronic Toll Collection (ETC) Systems Market Estimates and Projections in US$ Million: 2020 to 2027

CANADA

TABLE 4: Canadian Electronic Toll Collection (ETC) Systems Market Estimates and Forecasts in US$ Million: 2020 to 2027

JAPAN

TABLE 5: Japanese Market for Electronic Toll Collection (ETC) Systems: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027

CHINA

TABLE 6: Chinese Electronic Toll Collection (ETC) Systems Market Growth Prospects in US$ Million for the Period 2020-2027

EUROPE

Market Facts & Figures

Market Analytics
TABLE 7: European Electronic Toll Collection (ETC) Systems Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 8: European Electronic Toll Collection (ETC) Systems Market Share Shift by Region/Country: 2020 VS 2027

FRANCE

TABLE 9: Electronic Toll Collection (ETC) Systems Market in France: Estimates and Projections in US$ Million for the Period 2020-2027

GERMANY

TABLE 10: Electronic Toll Collection (ETC) Systems Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027

ITALY

TABLE 11: Italian Electronic Toll Collection (ETC) Systems Market Growth Prospects in US$ Million for the Period 2020-2027

UNITED KINGDOM

TABLE 12: United Kingdom Market for Electronic Toll Collection (ETC) Systems: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027

REST OF EUROPE

TABLE 13: Rest of Europe Electronic Toll Collection (ETC) Systems Market Estimates and Forecasts in US$ Million: 2020-2027

ASIA-PACIFIC

TABLE 14: Electronic Toll Collection (ETC) Systems Market in Asia-Pacific: Estimates and Projections in US$ Million for the Period 2020-2027

REST OF WORLD

TABLE 15: Rest of World Electronic Toll Collection (ETC) Systems Market Estimates and Forecasts in US$ Million: 2020 to 2027

IV. COMPETITION

Total Companies Profiled: 62

Note: Product cover images may vary from those shown
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