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North America Automatic Tolling System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering, and Type

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    Report

  • 116 Pages
  • August 2021
  • Region: North America
  • The Insight Partners
  • ID: 5416381
Services Segment to Dominate North America Automatic Tolling System Market during 2020-2028

According to a new market research study on “North America Automatic Tolling System Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Offering and Type” is expected to reach US$ 3,045.86 million by 2028 from 2,228.71 US$ million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028. The report provides trends prevailing in the North America automatic tolling system market along with the drivers and restraints pertaining to the market growth. Benefits to the economy and public safety in the long run is the major factor driving the growth of the North America automatic tolling system market. However, the issue associated with chances of leakage and huge CapEx & OpEx costs hinders the growth of North America automatic tolling system market.

The North America automatic tolling system market is segmented into offering and type. Based on offering, the North America automatic tolling system market is segmented into hardware and services. The services segment held the largest market share in 2020. Based on type, the automatic tolling system market is segmented into unmanned self-service automated toll booth collection system, unmanned automated toll booth collection system, and unmanned wireless automated toll booth collection system. The unmanned automated toll booth collection system segment led the automated tolling system market in 2020. Based on country, the North America automatic tolling system market is segmented into US, Canada, and Mexico.

North America is among the worst-hit regions by the COVID-19 pandemic. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. COVID-19 outbreak has negatively impacted manufacturing and construction businesses in the region in four critical areas, such as supply chain/operations, workforce, 2020 investments, and product offering, as well as the transportation sector also affected due to the non-movement of vehicles. There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. The outbreak of COVID-19 has brought effects on many aspects, such as flight cancellations; lockdown & restrictions imposed, travel bans. As a result of all these travel bans and restrictions, there have been extraordinary changes in traffic volumes, transits, and toll collection revenues. As a result of less toll collection, the upgradation of older toll systems to advanced tolling system is at halt, impacting the growth of North America automatic tolling system market. However, in 2021, with the uplifting of lockdown restrictions and vaccination processes, the road and highway construction and developments has started again, helps in creating a positive scenario for the automatic tolling system market growth.

Conduent Business Services, LLC; Feig Electronic; IBI Group; Indra Sistemas, S.A.; Iteris, Inc.; Neology Inc.; Raytheon Technologies Corporation; Siemens Mobility; STMicroelectronics N.V.; Tecsidel, S.A.; Thales Group; and TransCore, LP are among the leading companies in the North America automatic tolling system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, IBI Group has been assigned by the Mackinac Bridge Authority (MBA) to provide a turnkey toll system to replace the existing system at the Mackinac Bridge in Northern Michigan

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America automatic tolling system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America automatic tolling system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the automatic tolling system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automatic Tolling System Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Automatic Tolling System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Benefits to the economy and public safety in the long run
5.2 Market Restraints
5.2.1 Chances of leakage and huge CapEx & OpEx costs
5.3 Market Opportunities
5.3.1 Rising Need for effective toll management systems in various economies
5.4 Future Trends
5.4.1 Upcoming of advanced technologies to make highly effective tolling systems
5.5 Impact Analysis of Drivers and Restraints
6. Automatic Tolling System Market - North America Analysis
6.1 North America Automatic Tolling System Market Overview
6.2 North America Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
7. North America Automatic Tolling System Market Analysis - By Offering
7.1 Overview
7.2 North America Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
8. North America Automatic Tolling System Market Analysis - By Type
8.1 Overview
8.2 North America Automatic Tolling System Market Breakdown, By Type (2020 and 2028)
8.3 Unmanned Self-Service Automated Toll Booth Collection System
8.3.1 Overview
8.3.2 Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Unmanned Automated Toll Booth Collection System
8.4.1 Overview
8.4.2 Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
8.5 Unmanned Wireless Automated Toll Booth Collection System
8.5.1 Overview
8.5.2 Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
9. North America Automatic Tolling System Market - Country Analysis
9.1 Overview
9.1.1 North America: Automatic Tolling System Market, by Key Country
9.1.1.1 US: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Automatic Tolling System Market, by Offering
9.1.1.1.2 US: Automatic Tolling System Market, by Type
9.1.1.2 Canada: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Automatic Tolling System Market, by Offering
9.1.1.2.2 Canada: Automatic Tolling System Market, by Type
9.1.1.3 Mexico: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Automatic Tolling System Market, by Offering
9.1.1.3.2 Mexico: Automatic Tolling System Market, by Type
10. North America Automatic Tolling System Market - COVID-19 Impact Analysis
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 Raytheon Technologies Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 STMicroelectronics N.V.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Thales Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Indra Sistemas, S.A.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Conduent Business Services, LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Neology Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Feig Electronic
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Siemens Mobility
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 IBI Group
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Tecsidel, S.A.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Iteris, Inc.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 TransCore, LP
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
13. Appendix
13.1 About
13.2 Word Index
List of Tables
Table 1. North America Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
List of Figures
Figure 1. North America Automatic Tolling System Market Segmentation
Figure 2. North America Automatic Tolling System Market Segmentation - By Country
Figure 3. North America Automatic Tolling System Market Overview
Figure 4. Services Segment held the largest share in 2020
Figure 5. Unmanned Automated Toll Booth Collection System Segment held the largest share in 2020
Figure 6. US held the largest share in 2020
Figure 7. North America: PEST Analysis
Figure 8. North America Automatic Tolling System Market - Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. North America Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)
Figure 13. North America Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Automatic Tolling System Market Breakdown, By Type (2020 and 2028)
Figure 16. North America Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America: Automatic Tolling System Market, by Key Country - Revenue (2020) (US$ Million)
Figure 20. North America: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. US: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Canada: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Mexico: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in North American Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Conduent Business Services, LLC
  • Feig Electronic
  • IBI Group
  • Indra Sistemas, S.A.
  • Iteris, Inc.
  • Neology Inc.
  • Raytheon Technologies Corporation
  • Siemens Mobility
  • STMicroelectronics N.V.
  • Tecsidel, S.A.
  • Thales Group
  • TransCore, LP

Table Information