The electronic toll collection market is expected to be valued at USD 10.19 billion in 2025 and reach USD 15.20 billion by 2030, growing at a CAGR of 8.3% during the forecast period. The demand for electronic toll collection systems is facilitated by the increase in traffic congestion and the need for efficient toll management. Also, overreliance on technologies and susceptibility to technical failure are restraining the growth of the market.
Extensive primary interviews were conducted with key industry experts in the electronic toll collection market space to determine and verify the market size for various segments and subsegments gathered through secondary research. The breakdown of primary participants for the report is shown below.
The study includes an in-depth competitive analysis of these key players in the electronic toll collection market, with their company profiles, recent developments, and key market strategies.
Transponders/Tag-based tolling systems segment is likely to register the highest CAGR in the Asia Pacific electronic toll collection market between 2025 and 2030.
Transponders/tag-based tolling systems will grow at the highest CAGR in the Asia Pacific electronic toll collection market during the forecasted period. This demand is attributed to the technological, economic, and infrastructural factors that match the transportation and developmental requirements of the region. The rapid urbanization and growing traffic congestion in China, India, Japan, and South Korea require efficient tolling solutions, thus requiring RFID-based transponder systems to provide quick toll collection services that minimize the delay. The Indian FASTag system has become mandatory since February 2021 and serves 35 million vehicles while processing 1,200 vehicles per hour per lane, which results in smoother traffic movement. These systems offer cost-effectiveness and scalability as their deployment costs are approximately 30% lower than GPS-based tolling systems, making them suitable for developing economies.Highways segment is expected to hold the largest share of the electronic toll collection market in North America in 2025.
The highways segment is anticipated to account for the largest share of the electronic toll collection market in North America in 2025. ETC systems are needed on North American highways for effective operations, safer roads, protection of the environment, and advancement in tolling technology on busy highways. Since many vehicles commute via urban highways, systems such as E-ZPass become vital for such a rush. As ETC lets commuters pass through tolls without slowing, safety on fast highways is improved, as highlighted by the Federal Highway Administration for the New Jersey Turnpike. Along with North America’s efforts to make transportation greener, ETC systems reduce emissions by 40~66% on emissions by limiting vehicles from idling.US is expected to grow at the highest CAGR during the forecast period.
The US will register the highest growth rate in the electronic toll collection market during the forecast period. The rising number of vehicles, aging highway structures, and the need for an efficient drive contribute to the demand for ETC systems in the country. US governments are mandating the use of electronic tolling to save on operating tolls and make payment easier for drivers. Ecosystem players are focusing on inorganic growth strategies to facilitate growth. For instance, in 2024, Neology Acquired P Square Solutions, a provider of tolling services and tech solutions. After this acquisition, Neology launched Neology PSquare, which provides Neology with the ability to fully support tolling projects anywhere in the world.Extensive primary interviews were conducted with key industry experts in the electronic toll collection market space to determine and verify the market size for various segments and subsegments gathered through secondary research. The breakdown of primary participants for the report is shown below.
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
- By Designation - C-level Executives - 40%, Directors - 30%, and Others - 30%
- By Region - North America - 40, Europe - 30, Asia Pacific - 20, and RoW - 10
The study includes an in-depth competitive analysis of these key players in the electronic toll collection market, with their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the electronic toll collection market. It forecasts its size by application (highways, urban areas), type (transponders/tag-based tolling systems, other types), offering (hardware, back office & other services), and technology (RFID, DSRC, other technologies). It also discusses the market’s drivers, restraints, opportunities, and challenges. It gives a detailed view of the market across regions (North America, Europe, Asia Pacific, RoW). The report includes a supply chain analysis of the key players and their competitive analysis in the electronic toll collection ecosystem.Key Benefits of Buying the Report:
- Analysis of key drivers (Urgent need to mitigate traffic congestion and reduce road accidents, strong government support to deploy advanced tolling solutions, high convenience of automated toll payment options, technological advancements in transportation infrastructure), restraint (overreliance on technologies and susceptibility to technical failure, ETC implementation constraints in developing countries, requirement for high initial investments in GPS- and GNSS-based ETC systems), opportunities (significant focus on minimizing fuel consumption and emissions for economic and environmental gains, integration of blockchain technology into toll collection systems, rising number of public-private partnership agreements in transportation sector, increasing adoption of all-electronic tolling systems), challenges (data privacy concerns, interoperability issues associated with tolling systems)
- Service Development/Innovation: Detailed insights into upcoming technologies, research and development activities, and new product launches in the electronic toll collection market
- Market Development: Comprehensive information about lucrative markets - the report analyses the electronic toll collection market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the electronic toll collection market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as Kapsch TrafficCom AG (Austria), Conduent Incorporated (US), ST Engineering (TransCore) (US), Thales (France), Cubic Corporation (US), Siemens (Germany), EFKON GmbH (Austria), Neology, Inc. (US), FEIG ELECTRONIC (Germany), and Q-Free (Norway), among others in the electronic toll collection market
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Payment Methods Adopted to Pay Tolls
7 Electronic Toll Collection Market, by Type
8 Electronic Toll Collection Market, by Technology
9 Electronic Toll Collection Market, by Offering
10 Electronic Toll Collection Market, by Application
11 Electronic Toll Collection Market, by Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
List of Tables
List of Figures
Companies Mentioned
- Kapsch Trafficcom AG
- Conduent Incorporated
- Efkon GmbH
- St Engineering (Transcore)
- Thales
- Siemens
- Q-Free
- Cubic Corporation
- Neology
- Feig Electronic
- Toshiba Corporation
- Mitsubishi Heavy Industries, Ltd.
- Skytoll
- Quarterhill
- Perceptics, LLC
- Star Systems International
- Gea
- Adaptive Recognition Inc.
- Sice
- Jenoptik
- Far Eastern Group
- Toll Collect GmbH
- Geotoll
- Indra
- Kistler Group
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 246 |
Published | May 2025 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 10.19 Billion |
Forecasted Market Value ( USD | $ 15.2 Billion |
Compound Annual Growth Rate | 8.3% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |