Global Electronic Toll Collection Market Report By Technology (RFID, DSRC, GPS/GNSS, Video Analytics, Others), By Type (Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), Automatic Vehicle Identification System (AVIS), Others), By Payment Method (Prepaid, Hybrid, Postpaid), By Application (Urban Zones, Highways) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2020-2027

ID:VMR11215523
July 2021
Report Formats:
Global Electronic Toll Collection Market Overview
 
The key drivers impacting the electronic toll collection market are the rise in government initiatives to achieve congestion-free transportation. The governments in several countries are promoting the implementation of digital toll collection systems to enable the smooth flow of vehicles. For example, the National Highways Authority of India (NHAI) focus is switching to ETC (100%) and mandatory implementation of FASTag, across national highways to make Indian highways modern and efficient and to monitor the movement of every vehicle on the highways. Moreover, the growing use of advanced digital technologies in transportation infrastructure contributes to electronic toll collection market demand in the later years. Whereas with regards to volume, the market was calculated XX Units in 2020 and foreseen to grow with a CAGR of XX% during 2021-2027.
According to Value Market Research, the global electronic toll collection market size was valued at about USD 7 billion in 2020 and is estimated to grow at a CAGR of around 8% during the forecast period 2021 to 2027.

The rapidly increasing vehicle demand and production in developing & developed countries and shifting consumer preferences towards smart vehicles will likely augment the need for electronic toll collection in the forecast period. However, deployment in underdeveloped countries hampers the market in the long run. In addition, high installation and maintenance costs impede market growth. Nevertheless, the market trends, such as the growing utilization of blockchain technology in toll collection systems, increasing number of public-private partnership agreements in the transportation sector, might provide massive market opportunities to the market's key players.

The electronic toll collection market is widespread, with many local and international players. The market leaders follow diverse strategies to strengthen their market, such as amalgamation, extending product portfolio, acquisitions, contracts, product upgrades to raise their market share globally. The key players in the report are TransCore, Xerox Corporation, Intelligent Transportation Systems (India) Pvt. Ltd., Honeywell International Inc., EFKON GmbH, Thales Group, Toshiba Corporation, Conduent Business Services, LLC, Verra Mobility, Mitsubishi Heavy Industries Machinery Systems Ltd., International Road Dynamics Inc., FEIG ELECTRONIC GmbH, Tecsidel, S.A., Atlantia S.p.A., Siemens AG, ARH Inc., Cubic Corporation, Kapsch TrafficCom, Jenoptik AG, Perceptics, LLC, Electronic Transaction Consultants, LLC, Kent- QuaLiX, and Q-Free ASA.



In this research report, the electronic toll collection market is segmented by technology, type, payment method, application, and region.

Analysis by Technology:
By technology type, the report is segmented into RFID, DSRC, GPS/GNSS, Video Analytics, and Others. The RFID segment dominates the technology type segment with the highest share in 2020. It is due to the growing adoption of RFID-based mobility monitoring and management systems which enables easy exchange of payment information between the toll authorities and vehicle owners. Moreover, the RFID-based systems can reduce manual labor & human errors and escalate the transparency in the collection of toll charges, thus contributes to the segment's growth in the forecast period.
 
Analysis by Type:
By type, the report is segmented into automatic vehicle classification (AVC), violation enforcement system (VES), automatic vehicle identification system (AVIS), and others. The Automatic Vehicle Identification System segment dominates the type segment with the highest share in 2020. It is due to the demand for AVI systems to assist in toll collection and track stolen vehicles. Moreover, the growing adoption of intelligent transportation system technologies across several countries is contributing to the automatic vehicle identification system (AVIS) segment's growth in the forecast period. 
Analysis by Payment Method:
 By payment method, the report is divided into prepaid, hybrid, and postpaid. The prepaid segment dominates the payment method segment, with the largest market share in 2020. It is due to the high demand for fast and cashless transactions in the ETC system. Moreover, increased demand for quick and hassle-free transaction process contributes to the growth of the prepaid segment growth in the forecast period.

Analysis by Application:
By application, the report is segmented into urban zones and highways. The highway segment dominates with the highest market share in 2020. It is due to the vast adoption, mostly in developing nations, as ETC systems play a prominent role in collecting a toll on tunnels, highways, and bridges. Moreover, strong government initiatives might add electronic toll collection options at existing toll plazas on highways to ensure passenger safety and to sustain the free flow of traffic, which is contributing to the market demand at highways in the coming years.

Analysis by Region:  
In the regional outlook of the global electronic toll collection market, the North America region dominates with the largest market share of 42% in 2020. It is due to the presence of the largest networks of interstate and intrastate highways wherein modernized toll collection systems are installed at many locations across U.S. and Canada. Also, several toll installation projects are in progress for lanes with high traffic, and the presence of key players such as TransCore, Raytheon, and Conduent in the electronic toll collection is contributing to the tremendous market growth across North America.
 
Market Segmentation covered in the Report:
By Technology
  • RFID
  • DSRC
  • GPS/GNSS
  • Video Analytics
  • Others
 
By Type
  • Automatic Vehicle Classification (AVC)
  • Violation Enforcement System (VES)
  • Automatic Vehicle Identification System (AVIS)
  • Others
 
By Payment Method
  • Prepaid
  • Hybrid
  • Postpaid
 
By Application
  • Urban Zones
  • Highways
 
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.   

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . ELECTRONIC TOLL COLLECTION – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Technology
           3.7.2 By Type
           3.7.3 By Payment Method
           3.7.4 By Application
           3.7.5 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY TECHNOLOGY
       6.1 Overview by Technology
       6.2 Historical and Forecast Data
       6.3 Analysis by Technology
       6.4 RFID Market by Regions
       6.6 DSRC Market by Regions
       6.5 GPS/GNSS Market by Regions
       6.7 Video Analytics Market by Regions
       6.8 Others Market by Regions
 
7 . GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY TYPE
       7.1 Overview by Type
       7.2 Historical and Forecast Data
       7.3 Analysis by Type
       7.4 Automatic Vehicle Classification (AVC) Market by Regions
       7.5 Violation Enforcement System (VES) Market by Regions
       7.6 Automatic Vehicle Identification System (AVIS) Market by Regions
       7.7 Others Market by Regions
 
8 . GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY PAYMENT METHOD
       8.1 Overview by Payment Method
       8.2 Historical and Forecast Data
       8.3 Analysis by Payment Method
       8.4 Prepaid Market by Regions
       8.5 Hybrid Market by Regions
       8.6 Postpaid Market by Regions
 
9 . GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY APPLICATION
       9.1 Overview by Application
       9.2 Historical and Forecast Data
       9.3 Analysis by Application
       9.4 Urban Zones Market by Regions
       9.5 Highways Market by Regions
 
10 . GLOBAL ELECTRONIC TOLL COLLECTION MARKET ANALYSIS BY GEOGRAPHY
       10.1. Regional Outlook
       10.2. Introduction
       10.3. North America
           10.3.1. Overview, Historic and Forecast Data
           10.3.2. North America By Segment
           10.3.3. North America By Country
           10.3.4. United State
           10.3.5. Canada
           10.3.6. Mexico
       10.4. Europe
           10.4.1. Overview, Historic and Forecast Data
           10.4.2. Europe by Segment
           10.4.3. Europe by Country
           10.4.4. United Kingdom
           10.4.5. France
           10.4.6. Germany
           10.4.7. Italy
           10.4.8. Russia
           10.4.9. Rest Of Europe
       10.5. Asia Pacific
           10.5.1. Overview, Historic and Forecast Data
           10.5.2. Asia Pacific by Segment
           10.5.3. Asia Pacific by Country
           10.5.4. China
           10.5.5. India
           10.5.6. Japan
           10.5.7. South Korea
           10.5.8. Australia
           10.5.9. Rest Of Asia Pacific
       10.6. Latin America
           10.6.1. Overview, Historic and Forecast Data
           10.6.2. Latin America by Segment
           10.6.3. Latin America by Country
           10.6.4. Brazil
           10.6.5. Argentina
           10.6.6. Peru
           10.6.7. Chile
           10.6.8. Rest of Latin America
       10.7. Middle East & Africa
           10.7.1. Overview, Historic and Forecast Data
           10.7.2. Middle East & Africa by Segment
           10.7.3. Middle East & Africa by Country
           10.7.4. Saudi Arabia
           10.7.5. UAE
           10.7.6. Israel
           10.7.7. South Africa
           10.7.8. Rest Of Middle East And Africa
 
11 . COMPETITIVE LANDSCAPE OF THE ELECTRONIC TOLL COLLECTION COMPANIES
       11.1. Electronic Toll Collection Market Competition
       11.2. Partnership/Collaboration/Agreement
       11.3. Merger And Acquisitions
       11.4. New Product Launch
       11.5. Other Developments
 
12 . COMPANY PROFILES OF ELECTRONIC TOLL COLLECTION INDUSTRY
       12.1. Company Share Analysis
       12.2. Market Concentration Rate
       12.3. TransCore
           12.3.1. Company Overview
           12.3.2. Financials
           12.3.3. Products
           12.3.4. Recent Developments
       12.4. Xerox Corporation
           12.4.1. Company Overview
           12.4.2. Financials
           12.4.3. Products
           12.4.4. Recent Developments
       12.5. Intelligent Transportation Systems (India) Pvt. Ltd.
           12.5.1. Company Overview
           12.5.2. Financials
           12.5.3. Products
           12.5.4. Recent Developments
       12.6. Honeywell International Inc.
           12.6.1. Company Overview
           12.6.2. Financials
           12.6.3. Products
           12.6.4. Recent Developments
       12.7. EFKON GmbH
           12.7.1. Company Overview
           12.7.2. Financials
           12.7.3. Products
           12.7.4. Recent Developments
       12.8. Thales Group
           12.8.1. Company Overview
           12.8.2. Financials
           12.8.3. Products
           12.8.4. Recent Developments
       12.9. Toshiba Corporation
           12.9.1. Company Overview
           12.9.2. Financials
           12.9.3. Products
           12.9.4. Recent Developments
       12.10. Conduent Business Services LLC
           12.10.1. Company Overview
           12.10.2. Financials
           12.10.3. Products
           12.10.4. Recent Developments
       12.11. Verra Mobility
           12.11.1. Company Overview
           12.11.2. Financials
           12.11.3. Products
           12.11.4. Recent Developments
       12.12. Mitsubishi Heavy Industries Machinery Systems Ltd.
           12.12.1. Company Overview
           12.12.2. Financials
           12.12.3. Products
           12.12.4. Recent Developments
       12.13. International Road Dynamics Inc.
           12.13.1. Company Overview
           12.13.2. Financials
           12.13.3. Products
           12.13.4. Recent Developments
       12.14. FEIG ELECTRONIC GmbH
           12.14.1. Company Overview
           12.14.2. Financials
           12.14.3. Products
           12.14.4. Recent Developments
       12.15. Tecsidel
           12.15.1. Company Overview
           12.15.2. Financials
           12.15.3. Products
           12.15.4. Recent Developments
       12.16. S.A.
           12.16.1. Company Overview
           12.16.2. Financials
           12.16.3. Products
           12.16.4. Recent Developments
       12.17. Atlantia S.p.A.
           12.17.1. Company Overview
           12.17.2. Financials
           12.17.3. Products
           12.17.4. Recent Developments
       12.18. Siemens AG
           12.18.1. Company Overview
           12.18.2. Financials
           12.18.3. Products
           12.18.4. Recent Developments
       12.19. Kapsch TrafficCom
           12.19.1. Company Overview
           12.19.2. Financials
           12.19.3. Products
           12.19.4. Recent Developments
       12.20. Electronic Transaction Consultants LLC
           12.20.1. Company Overview
           12.20.2. Financials
           12.20.3. Products
           12.20.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Technology (Units and USD MN)
  •  RFID Market by Geography (Units and USD MN)
  •  DSRC Market by Geography (Units and USD MN)
  •  GPS/GNSS Market by Geography (Units and USD MN)
  •  Video Analytics Market by Geography (Units and USD MN)
  •  Others Market by Geography (Units and USD MN)
  •  Analysis Market by Type (Units and USD MN)
  •  Automatic Vehicle Classification (AVC) Market by Geography (Units and USD MN)
  •  Violation Enforcement System (VES) Market by Geography (Units and USD MN)
  •  Automatic Vehicle Identification System (AVIS) Market by Geography (Units and USD MN)
  •  Others Market by Geography (Units and USD MN)
  •  Analysis by Payment Method (Units and USD MN)
  •  Prepaid Market by Geography (Units and USD MN)
  •  Hybrid Market by Geography (Units and USD MN)
  •  Postpaid Market by Geography (Units and USD MN)
  •  Analysis by Application (Units and USD MN)
  •  Urban Zones Market by Geography (Units and USD MN)
  •  Highways Market by Geography (Units and USD MN)
  •  Global Electronic Toll Collection Market by Geography (Units and USD MN)
  •  North America Market Analysis (Units and USD MN)
  •  United State Market Analysis (Units and USD MN)
  •  Canada Market Analysis (Units and USD MN)
  •  Mexico Market Analysis (Units and USD MN)
  •  Europe Market Analysis (Units and USD MN)
  •  Europe Market Estimate by Country (Units and USD MN)
  •  United Kingdom Market Analysis (Units and USD MN)
  •  France Market Analysis (Units and USD MN)
  •  Germany Market Analysis (Units and USD MN)
  •  Italy Market Analysis (Units and USD MN)
  •  Russia Market Analysis (Units and USD MN)
  •  Spain Market Analysis (Units and USD MN)
  •  Rest of Europe Market Analysis (Units and USD MN)
  •  Asia Pacific Market Analysis (Units and USD MN)
  •  China Market Analysis (Units and USD MN)
  •  Japan Market Analysis (Units and USD MN)
  •  India Market Analysis (Units and USD MN)
  •  South Korea Market Analysis (Units and USD MN)
  •  Australia Market Analysis (Units and USD MN)
  •  Rest of Asia Pacific Market Analysis (Units and USD MN)
  •  Latin America Market Analysis (Units and USD MN)
  •  Brazil Market Analysis (Units and USD MN)
  •  Argentina Market Analysis (Units and USD MN)
  •  Peru Market Analysis (Units and USD MN)
  •  Chile Market Analysis (Units and USD MN)
  •  Rest of Latin America Market Analysis (Units and USD MN)
  •  Middle East & Africa Market Analysis (Units and USD MN)
  •  Saudi Arabia Market Analysis (Units and USD MN)
  •  UAE Market Analysis (Units and USD MN)
  •  Israel Market Analysis (Units and USD MN)
  •  South Africa Market Analysis (Units and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Units and USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Electronic Toll Collection Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Electronic Toll Collection Market Size, by Region (Units and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Technology
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Payment Method
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Technology (Units and USD MN)
  •  RFID Market by Geography (Units and USD MN)
  •  DSRC Market by Geography (Units and USD MN)
  •  GPS/GNSS Market by Geography (Units and USD MN)
  •  Video Analytics Market by Geography (Units and USD MN)
  •  Others Market by Geography (Units and USD MN)
  •  Global Market Analysis by Type (Units and USD MN)
  •  Automatic Vehicle Classification (AVC) Market by Geography (Units and USD MN)
  •  Violation Enforcement System (VES) Market by Geography (Units and USD MN)
  •  Automatic Vehicle Identification System (AVIS) Market by Geography (Units and USD MN)
  •  Others Market by Geography (Units and USD MN)
  •  Global Market Analysis by Payment Method (Units and USD MN)
  •  Prepaid Market by Geography (Units and USD MN)
  •  Hybrid Market by Geography (Units and USD MN)
  •  Postpaid Market by Geography (Units and USD MN)
  •  Global Market Analysis by Application (Units and USD MN)
  •  Urban Zones Market by Geography (Units and USD MN)
  •  Highways Market by Geography (Units and USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis, 2020
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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