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

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    Report

  • 124 Pages
  • August 2021
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5416382
Services Segment to Dominate APAC Automatic Tolling System Market during 2020-2028

According to a new market research study on “APAC Automatic Tolling System Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Offering and Type” is expected to reach US$ 2,958.20 million by 2028 from 1,856.27 US$ million in 2021. The market is estimated to grow at a CAGR of 6.9% from 2021 to 2028. The report provides trends prevailing in the APAC automatic tolling system market along with the drivers and restraints pertaining to the market growth. Significant economic and safety benefits for long term is the major factor driving the growth of the APAC automatic tolling system market. However, the issue associated with high initial and operating costs hinders the growth of APAC automatic tolling system market.

The APAC automatic tolling system market is segmented into offering and type. Based on offering, the APAC 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 APAC automatic tolling system market is segmented into Australia, China, India, Japan, and South Korea.

The COVID-19 that emerged in China has affected several neighboring countries such as India, South Korea, and Japan, among others. The impact of COVID-19 has significantly affected the automatic tolling system market in 2020. The imposition of a ban on commercial activities has disrupted the industrial supply chains in APAC region, leading to raw material shortages. As the automatic tolling system includes various semiconductor components such as cameras, and most of these components are produced in China and other countries of APAC which were badly affected by the pandemic. There are also restrictions on international trade as lockdowns are imposed on the borders of countries. All these have limited the transportation and travelling on road which has limited the growth of the market in the region in year 2020. However, in 2021, with the uplifting of lockdowns and vaccination process, the shipment of raw materials has started again, and the highways has also started constructing. Therefore, this will lead the growth of automatic tolling system market in the region.

Conduent Business Services, LLC; EFKON GmbH; Feig Electronic; IBI Group; Indra Sistemas, S.A.; Mitsubishi Heavy Industries Machinery Systems, LTD; Raytheon Technologies Corporation; Siemens Mobility; STMicroelectronics N.V.; Tecsidel, S.A.; and Thales Group are among the leading companies in the APAC 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 completed the designing and installation of Closed Toll Collection System at Nandi Economic Corridor Enterprises Limited in Bengaluru, India with 8 toll plazas and 140 lanes

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC 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 APAC 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 APAC 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. APAC Automatic Tolling System Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Automatic Tolling System Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Toll collection getting digitalized
5.1.2 Significant economic and safety benefits for long term
5.2 Market Restraints
5.2.1 High initial and operating costs
5.3 Market Opportunities
5.3.1 Surging demand for effective toll management systems in emerging economies
5.4 Future Trends
5.4.1 Emergence of new technologies to make highly advanced tolling systems
5.5 Impact Analysis of Drivers and Restraints
6. Automatic Tolling System Market - APAC Analysis
6.1 APAC Automatic Tolling System Market Overview
6.2 APAC Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
7. APAC Automatic Tolling System Market Analysis - By Offering
7.1 Overview
7.2 APAC 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. APAC Automatic Tolling System Market Analysis - By Type
8.1 Overview
8.2 APAC 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. APAC Automatic Tolling System Market - Country Analysis
9.1 Overview
9.1.1 APAC: Automatic Tolling System Market, by Key Country
9.1.1.1 Australia: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Automatic Tolling System Market, by Offering
9.1.1.1.2 Australia: Automatic Tolling System Market, by Type
9.1.1.2 China: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Automatic Tolling System Market, by Offering
9.1.1.2.2 China: Automatic Tolling System Market, by Type
9.1.1.3 India: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Automatic Tolling System Market, by Offering
9.1.1.3.2 India: Automatic Tolling System Market, by Type
9.1.1.4 Japan: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Automatic Tolling System Market, by Offering
9.1.1.4.2 Japan: Automatic Tolling System Market, by Type
9.1.1.5 South Korea: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Automatic Tolling System Market, by Offering
9.1.1.5.2 South Korea: Automatic Tolling System Market, by Type
9.1.1.6 Rest of APAC: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Automatic Tolling System Market, by Offering
9.1.1.6.2 Rest of APAC: Automatic Tolling System Market, by Type
10. APAC Automatic Tolling System Market - COVID-19 Impact Analysis
10.1 APAC: 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 Mitsubishi Heavy Industries Machinery Systems, LTD.
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 Raytheon Technologies Corporation
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 STMicroelectronics N.V.
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 Thales Group
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 Indra Sistemas, S.A.
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 Conduent Business Services, LLC
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 EFKON GmbH
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
13. Appendix
13.1 About
13.2 Word Index
List of Tables
Table 1. APAC Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of APAC: Automatic Tolling System Market, by Offering - Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of APAC: Automatic Tolling System Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
List of Figures
Figure 1. APAC Automatic Tolling System Market Segmentation
Figure 2. APAC Automatic Tolling System Market Segmentation - By Country
Figure 3. APAC 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. China held the largest share in 2020
Figure 7. APAC: PEST Analysis
Figure 8. APAC Automatic Tolling System Market - Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. APAC Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)
Figure 13. APAC Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. APAC Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Automatic Tolling System Market Breakdown, By Type (2020 and 2028)
Figure 16. APAC Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. APAC: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. Australia: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. China: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. India: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Japan: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. South Korea: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of APAC: Automatic Tolling System Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Impact of COVID-19 Pandemic in APAC Country Markets

Companies Mentioned (Partial List)

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

  • Conduent Business Services, LLC
  • EFKON GmbH
  • Feig Electronic
  • IBI Group
  • Indra Sistemas, S.A.
  • Mitsubishi Heavy Industries Machinery Systems, LTD
  • Raytheon Technologies Corporation
  • Siemens Mobility
  • STMicroelectronics N.V.
  • Tecsidel, S.A.
  • Thales Group

Table Information