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Electronic Toll Collection Global Market Report 2024

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    Report

  • 175 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5971052
The electronic toll collection market size has grown strongly in recent years. It will grow from $7.97 billion in 2023 to $8.71 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth observed in the historic period can be attributed to various factors, including an increasing demand for effective traffic management, widespread adoption of digital technologies, the necessity to enhance the speed and efficiency of traffic flow, a growing requirement for efficient toll-collection solutions, and the broader utilization of advanced technologies for transportation purposes.

The electronic toll collection market size is expected to see strong growth in the next few years. It will grow to $12.59 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The anticipated growth in the forecast period can be attributed to several factors, including the escalating traffic volumes on highways, growing adoption of video analytics, increasing use of digital toll payment methods alongside rising investments in highway construction, growing demand for contactless operations at toll plazas, and heightened awareness regarding road accidents and traffic congestion. Key trends expected during this period include the integration of advanced technologies, a shift towards all-electronic tolling (AET), emphasis on interoperability and standardization, adoption of mobile-based solutions, and a focus on enhancing user experience and customer service.

The electronic toll collection market is poised for growth driven by the increasing traffic on highways. Highway traffic, influenced by factors such as congestion and transportation demand, often leads to delays and congestion at traditional toll booths. Electronic toll collection systems eliminate the need for vehicles to stop or slow down at toll plazas, ensuring seamless passage and reducing travel times for commuters. This efficiency enhances the throughput capacity of highways, accommodating the growing volume of traffic without significant delays. For instance, Interwest Safety Supply, LLC reported a significant increase in vehicle miles traveled on US roads in 2021 compared to 2020, highlighting the escalating demand for electronic toll collection systems to manage highway traffic effectively.

Key players in the electronic toll collection market are prioritizing the development of advanced solutions to enhance system efficiency. In January 2024, the National Highways Authority of India (NHAI) introduced the 'One Vehicle, One FASTag' initiative to streamline toll operations and improve user experience at toll plazas. This initiative discourages the use of a single FASTag for multiple vehicles and encourages FASTag customers to comply with Know Your Customer (KYC) requirements. By implementing this initiative, NHAI aims to ensure smooth and comfortable rides for users of national highways, thus driving the adoption of electronic toll collection systems.

In October 2021, in a strategic move to bolster its presence in the smart mobility sector, Singapore Technologies Engineering Ltd. acquired TransCore for $2.68 billion. This acquisition provides Singapore Technologies Engineering Ltd. with access to TransCore's market-leading end-to-end tolling solutions, strengthening its position in the electronic toll collection market. TransCore, a US-based transportation company specializing in electronic tolling, offers innovative solutions to enhance mobility, trade, and toll collection efficiency for toll agencies.

Major companies operating in the electronic toll collection market are Raytheon Technologies Corporation, Mitsubishi Heavy Industries Ltd., Thales Group, Infineon Technologies AG, Siemens Mobility, Ferrovial S.E., Xerox Holdings Corporation, Conduent Inc., TransCore, Cubic Corporation, SKIDATA GmbH, VITRONIC, Kapsch TrafficCom, IBI Group Inc., Neology Inc., Sensys Gatso Group, Q-Free ASA, Autostrade per l'Italia S.p.A., EFKON AG, Star Systems International Ltd., Far Eastern Electronic Toll Collection Co. Ltd., Ingenico, Perceptics LLC, TagMaster, GeoToll Inc., Watchdata Technologies, Korea Smart Card Co. Ltd., Electronic Transaction Consultants LLC.

North America was the largest region in the electronic toll collection market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic toll collection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the electronic toll collection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Electronic toll collection (ETC) is an automated system designed to gather tolls on highways, bridges, tunnels, and other roadways without necessitating vehicles to halt or decelerate at toll plazas. This technology offers drivers convenience by enabling uninterrupted passage through toll points, eliminating the need for cash payments or queuing at toll booths.

The primary types of electronic toll collection systems include Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), Automatic Vehicle Identification System (AVIS), and other variants. AVC is a technology-driven system employed to identify and categorize vehicles based on their attributes such as size, weight, and axle count. These classifications serve various purposes including toll collection and traffic management. Payment methods typically involve prepaid, hybrid, and postpaid options, which are supported by technologies such as Radio Frequency Identification (RFID), Dedicated Short-Range Communication (DSRC), Global Navigation Satellite System (GNSS) or GPS, video analytics, cell phone tolling, and others. These technologies are utilized across highways and urban areas for efficient toll collection processes.

The electronic toll collection market research report is one of a series of new reports that provides electronic toll collection market statistics, including electronic toll collection industry global market size, regional shares, competitors with electronic toll collection market share, detailed electronic toll collection market segments, market trends, and opportunities, and any further data you may need to thrive in The electronic toll collection industry. This electronic toll collection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electronic toll collection market consists of revenues earned by entities by providing services such as toll collection systems, transponder distribution, account management, data management and analytics, security services. The market value includes the value of related goods sold by the service provider or included within the service offering. The electronic toll collection market also includes sales of reader antennas, lane control equipment, maintenance and diagnostic tools, toll booth equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Electronic Toll Collection Market Characteristics3. Electronic Toll Collection Market Trends and Strategies
4. Electronic Toll Collection Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Electronic Toll Collection Market Size and Growth
5.1. Global Electronic Toll Collection Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Electronic Toll Collection Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Electronic Toll Collection Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Electronic Toll Collection Market Segmentation
6.1. Global Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Automatic Vehicle Classification (AVC)
  • Violation Enforcement System (VES)
  • Automatic Vehicle Identification System (AVIS)
  • Other Types
6.2. Global Electronic Toll Collection Market, Segmentation by Payment Method, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Prepaid
  • Hybrid
  • Postpaid
6.3. Global Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Radio Frequency Identification (RFID)
  • Dedicated Short Range Communication (DSRC)
  • Global Navigation Satellite System (GNSS) Or GPS
  • Video Analytics
  • Cell Phone Tolling
  • Other Technologies
6.4. Global Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Highway
  • Urban Area
7. Electronic Toll Collection Market Regional and Country Analysis
7.1. Global Electronic Toll Collection Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Electronic Toll Collection Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Electronic Toll Collection Market
8.1. Asia-Pacific Electronic Toll Collection Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Electronic Toll Collection Market
9.1. China Electronic Toll Collection Market Overview
9.2. China Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Electronic Toll Collection Market
10.1. India Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Electronic Toll Collection Market
11.1. Japan Electronic Toll Collection Market Overview
11.2. Japan Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Electronic Toll Collection Market
12.1. Australia Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Electronic Toll Collection Market
13.1. Indonesia Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Electronic Toll Collection Market
14.1. South Korea Electronic Toll Collection Market Overview
14.2. South Korea Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Electronic Toll Collection Market
15.1. Western Europe Electronic Toll Collection Market Overview
15.2. Western Europe Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Electronic Toll Collection Market
16.1. UK Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Electronic Toll Collection Market
17.1. Germany Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Electronic Toll Collection Market
18.1. France Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Electronic Toll Collection Market
19.1. Italy Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Electronic Toll Collection Market
20.1. Spain Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Electronic Toll Collection Market
21.1. Eastern Europe Electronic Toll Collection Market Overview
21.2. Eastern Europe Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Electronic Toll Collection Market
22.1. Russia Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Electronic Toll Collection Market
23.1. North America Electronic Toll Collection Market Overview
23.2. North America Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Electronic Toll Collection Market
24.1. USA Electronic Toll Collection Market Overview
24.2. USA Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Electronic Toll Collection Market
25.1. Canada Electronic Toll Collection Market Overview
25.2. Canada Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Electronic Toll Collection Market
26.1. South America Electronic Toll Collection Market Overview
26.2. South America Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Electronic Toll Collection Market
27.1. Brazil Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Electronic Toll Collection Market
28.1. Middle East Electronic Toll Collection Market Overview
28.2. Middle East Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Electronic Toll Collection Market
29.1. Africa Electronic Toll Collection Market Overview
29.2. Africa Electronic Toll Collection Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Electronic Toll Collection Market, Segmentation by Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Electronic Toll Collection Market, Segmentation by End-user, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Electronic Toll Collection Market Competitive Landscape and Company Profiles
30.1. Electronic Toll Collection Market Competitive Landscape
30.2. Electronic Toll Collection Market Company Profiles
30.2.1. Raytheon Technologies Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Mitsubishi Heavy Industries Ltd.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Thales Group
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Infineon Technologies AG
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Siemens Mobility
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Electronic Toll Collection Market Other Major and Innovative Companies
31.1. Ferrovial S.E.
31.2. Xerox Holdings Corporation
31.3. Conduent Inc.
31.4. TransCore
31.5. Cubic Corporation
31.6. SKIDATA GmbH
31.7. VITRONIC
31.8. Kapsch TrafficCom
31.9. IBI Group Inc.
31.10. Neology Inc.
31.11. Sensys Gatso Group
31.12. Q-Free ASA
31.13. Autostrade per l'Italia S.p.A.
31.14. EFKON AG
31.15. Star Systems International Ltd.
32. Global Electronic Toll Collection Market Competitive Benchmarking33. Global Electronic Toll Collection Market Competitive Dashboard34. Key Mergers and Acquisitions in the Electronic Toll Collection Market
35. Electronic Toll Collection Market Future Outlook and Potential Analysis
35.1 Electronic Toll Collection Market in 2028 - Countries Offering Most New Opportunities
35.2 Electronic Toll Collection Market in 2028 - Segments Offering Most New Opportunities
35.3 Electronic Toll Collection Market in 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Electronic Toll Collection Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on electronic toll collection market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for electronic toll collection? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electronic toll collection market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) by Type: Automatic Vehicle Classification (AVC); Violation Enforcement System (VES); Automatic Vehicle Identification System (AVIS); Other Types.
2) by Payment Method: Prepaid; Hybrid; Postpaid
3) by Technology: Radio Frequency Identification (RFID); Dedicated Short Range Communication (DSRC); Global Navigation Satellite System (GNSS) Or GPS; Video Analytics; Cell Phone Tolling; Other Technologies.
4) by End-user: Highway; Urban Area

Key Companies Mentioned: Raytheon Technologies Corporation; Mitsubishi Heavy Industries Ltd; Thales Group; Infineon Technologies AG; Siemens Mobility

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned (Partial List)

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

  • Raytheon Technologies Corporation
  • Mitsubishi Heavy Industries Ltd
  • Thales Group
  • Infineon Technologies AG
  • Siemens Mobility
  • Ferrovial S.E
  • Xerox Holdings Corporation
  • Conduent Inc
  • TransCore
  • Cubic Corporation
  • SKIDATA GmbH
  • VITRONIC
  • Kapsch TrafficCom
  • IBI Group Inc
  • Neology Inc
  • Sensys Gatso Group
  • Q-Free ASA
  • Autostrade per l'Italia S.p.A
  • EFKON AG
  • Star Systems International Ltd
  • Far Eastern Electronic Toll Collection Co. Ltd
  • Ingenico
  • Perceptics LLC
  • TagMaster
  • GeoToll Inc
  • Watchdata Technologies
  • Korea Smart Card Co. Ltd
  • Electronic Transaction Consultants LLC

Methodology

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Table Information