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Global Electronic Toll Collection Market (2023-2028) Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession, Ansoff Analysis

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  • 194 Pages
  • February 2024
  • Infogence Global Research
  • ID: 5669263

To streamline traffic at the various toll stations the demand for electronic toll collection is increasing

The Global Electronic Toll Collection Market is estimated to be USD 9.09 Bn in 2023 and is expected to reach USD 13.15 Bn by 2028 growing at a CAGR of 7.66%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Electronic Toll Collection Market is segmented based on Offering, Technology, Operation, Applications, and Geography.
  • By Offering, the market is classified into Hardware, Service, and Software..
  • By Technology, the market is classified into Radio-Frequency Identification (RFID), Dedicated Short-Range Communication (DSRC), and Other Technologies.
  • By Operation, the market is classified into Dynamic Tolling, Integrated Open Road Tolling with Existing Toll Facilities, Mileage-Based User Fees, Open Road Tolling, and Video Tolling.
  • By Applications, the market is classified into Highways and Urban Areas.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Kapsch TrafficCom AG, Conduent Business Services, LLC, Efkon GmbH, Transcore, Thales Group, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Electronic Toll Collection Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Electronic Toll Collection Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Electronic Toll Collection Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Effective Solution to Reduce Traffic Congestion, Accidents, and Environmental
4.1.2 Government Support to Accelerate Electronic Toll Collection
4.1.3 Greater Convenience and Flexibility of Cashless Payments
4.1.4 Increased Use of Advanced Digital Technology
4.2 Restraints
4.2.1 High Operation and Maintenance Costs
4.3 Opportunities
4.3.1 Growing Utilization of Blockchain Technology in Toll Collection Systems
4.3.2 Increasing Transition to All-Electronic Tolling Systems From Manual or Coin-Based Tolling Systems
4.4 Challenges
4.4.1 Issues Related to Interoperability and Common Standards
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Global Electronic Toll Collection Market, By Offerings
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Services
6.4.1 Consulting Services
6.4.2 Managed Services
6.4.3 Professional Services
6.4.4 Support & Maintenance
6.4.5 Training & Education
7 Global Electronic Toll Collection Market, By Technology
7.1 Introduction
7.2 Radio-Frequency Identification (RFID)
7.3 Dedicated Short-Range Communication (DSRC)
7.4 Other Technologies
8 Global Electronic Toll Collection Market, By Operation
8.1 Introduction
8.2 Dynamic Tolling
8.3 Integrated Open Road Tolling with Existing Toll Facilities
8.4 Mileage-Based User Fees
8.5 Open Road Tolling
8.6 Video Tolling
9 Global Electronic Toll Collection Market, By Applications
9.1 Introduction
9.2 Highways
9.3 Urban Areas
10 Americas' Electronic Toll Collection Market
10.1 Introduction
10.2 Argentina
10.3 Brazil
10.4 Canada
10.5 Chile
10.6 Colombia
10.7 Mexico
10.8 Peru
10.9 United States
10.10 Rest of Americas
11 Europe's Electronic Toll Collection Market
11.1 Introduction
11.2 Austria
11.3 Belgium
11.4 Denmark
11.5 Finland
11.6 France
11.7 Germany
11.8 Italy
11.9 Netherlands
11.10 Norway
11.11 Poland
11.12 Russia
11.13 Spain
11.14 Sweden
11.15 Switzerland
11.16 United Kingdom
11.17 Rest of Europe
12 Middle East and Africa's Electronic Toll Collection Market
12.1 Introduction
12.2 Egypt
12.3 Israel
12.4 Qatar
12.5 Saudi Arabia
12.6 South Africa
12.7 United Arab Emirates
12.8 Rest of MEA
13 APAC's Electronic Toll Collection Market
13.1 Introduction
13.2 Australia
13.3 Bangladesh
13.4 China
13.5 India
13.6 Indonesia
13.7 Japan
13.8 Malaysia
13.9 Philippines
13.10 Singapore
13.11 South Korea
13.12 Sri Lanka
13.13 Thailand
13.14 Taiwan
13.15 Rest of Asia-Pacific
14 Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Strategic Initiatives
14.3.1 M&A and Investments
14.3.2 Partnerships and Collaborations
14.3.3 Product Developments and Improvements
15 Company Profiles
15.1 Abertis Infraestructuras SA
15.2 Arh Inc.
15.3 Conduent Business Services, LLC
15.4 Cubic Corp.
15.5 Efkon GmbH
15.6 Electronic Transaction Consultants Corp.
15.7 Feig Electronics GmbH
15.8 Jenoptik Ag
15.9 Kapsch TrafficCom Ag
15.10 Mitsubishi Heavy Industries, Ltd.
15.11 Neology, Inc.
15.12 Perceptics, LLC
15.13 Quarterhill Inc.
15.14 Siemens
15.15 Star Systems International Ltd.
15.16 Tecsidel, SA
15.17 Thales Group
15.18 Toshiba Corp.
15.19 Transcore
15.20 Vinci SA
16 Appendix
16.1 Questionnaire

Companies Mentioned

  • Abertis Infraestructuras SA
  • Arh Inc.
  • Conduent Business Services, LLC
  • Cubic Corp.
  • Efkon GmbH
  • Electronic Transaction Consultants Corp.
  • Feig Electronics GmbH
  • Jenoptik Ag
  • Kapsch TrafficCom Ag
  • Mitsubishi Heavy Industries, Ltd.
  • Neology, Inc.
  • Perceptics, LLC
  • Quarterhill Inc.
  • Siemens
  • Star Systems International Ltd.
  • Tecsidel, SA
  • Thales Group
  • Toshiba Corp.
  • Transcore
  • Vinci SA