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Electronic Toll Collection Market by Technology (RFID, DSRC, & Others (ANPR/ALPR, and Satellite-Based)), Offering (Hardware, and Back Office and Other Services), Application (Highways and Urban Areas), Type, and Region - Global Forecast to 2023

Electronic Toll Collection Market by Technology (RFID, DSRC, & Others (ANPR/ALPR, and Satellite-Based)), Offering (Hardware, and Back Office and Other Services), Application (Highways and Urban Areas), Type, and Region - Global Forecast to 2023

“The electronic toll collection (ETC) market estimated to grow at a CAGR of 8.54% from 2018 to 2023”
The overall ETC market is estimated to grow from USD 7.1 billion in 2018 to USD 10.7 billion by 2023, at a CAGR of 8.54%. An effective solution to overcome traffic congestion with improved traffic flow per lane, increased allocation of funds for the deployment of ITS by various governments, reduced environmental pollution using ETC systems, improved convenience due to cashless travel facility, and development of smart cities across the world are the major factors driving the ETC market growth. Increasing investment opportunities in economically and technologically developing countries, rising number of public-private partnership (PPP) agreements in the transportation sector, and growing transition to all-electronic tolling (AET) systems are likely to provide opportunities to the players in the ETC market. On the other hand, slow growth in the infrastructure sector in underdeveloped countries and high operating costs are major restraints for the market growth.

“Highways application is expected to grow at a higher rate during the forecast period”
Demand for ETC systems for highways application is expected to increase during the forecast period. Vehicles are driven at high speeds on highways; ETC systems help vehicle owners carry out a convenient transaction without the need to stop at tollbooths. This system has brought a new revolution, which has made the process of toll collection simple and effective. Previously, a toll collector or attendant was employed at toll gates to collect a toll based on vehicle classification. In this method, a collector accepts the toll amount, makes the entry of a vehicle in the system, and issues receipt to the driver. Due to this manual intervention, the processing time was very high. This method resulted in significant congestion at many toll stations, thereby increasing pollution and travel time, as well as decreasing accommodation capacity of vehicles per hour.

RFID to account for a major share of ETC market, based on technology, during the forecast period
RFID technology utilizes its radio-frequency electromagnetic fields for the identification of objects that carry RFID tags. This technology is used in electronic identification, tracking, and storing information contained on the tag. Two-way radio transmitters/receivers called interrogators or readers send a signal to the tag and read its response. RFID readers scan the tag and then send that information to the database for storing it. RFID is a prominent technology used in ETC systems owing to their low cost of operation. RFID technology uses radio waves to identify onboard devices very much like DSRC technology automatically. Operating frequency of RFID (in the range of 915 MHz) is different than that of DSRC (in the range of 5.8- 5.9 GHz). In reality, the performance of ETC systems based on RFID technology is slightly lower than that of based on DSRC technology.

“Americas is expected to hold the largest size of the ETC market during the forecast period”
The Americas is a major region responsible for the growth of the ETC market. TransCore (US), Raytheon (US), Conduent (US), Cubic transportation System (US), Neology (US), Electronic Transaction Consultants (ETC) Corporation (US), Geotoll (US) are among a few key players that are based in North America. These companies have majorly contributed to the growth of the electronic toll collection market in the Americas. The US is the major contributor to the ETC market. According to IBTTA, the US toll agencies in 35 states operate installed ETC equipment (i.e., roadside infrastructure, toll tags, and related systems) that are worth hundreds of millions of dollars. They generate more than nearly USD 13 billion of annual revenue while maintaining almost 45 million toll accounts across the country. In California, Florida, New Jersey, Pennsylvania, Texas, and Delaware, vehicles cross toll roads at high speed. Hence, it has become important to implement ETC systems in these states to control traffic control and avoid accidents. The growth of the ETC market in the US is driven by several benefits offered by ETC solutions such as reduction in traffic congestion, fuel consumption, and travel time, as well as the decrease in manual errors while collecting tolls.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of the profile of primary participants has been given below:
By Company Type: Tier 1 - 25%, Tier 2 - 45%, and Tier 3 - 30%
By Designation: - C-Level Executives - 45%, Directors - 35%, and Others - 20%
By Region: Americas - 35%, Europe - 30%, APAC - 25%, and RoW - 10%

Kapsch AG (Austria), Raytheon (US), TransCore (US), Conduent (US), Thales (France), Cubic Transportation (US), Siemens AG (Germany), EFKON GmbH (Austria), VINCI (France), and Neology (US) are a few leading players in the ETC market.

Research Coverage:
Major applications for ETC systems are highways and urban areas.
By offering, the ETC market has been segmented into hardware, and back office and other services.
By technology, the ETC market has been segmented into RFID, DSRC, and others. Other technologies include video analytics, satellite-based GNSS/GPS-, weigh-in-motion (WIM).
By type, the ETC market has been segmented into transponder- or tag-based toll collection systems and other toll collection systems. Other tolling systems include ANPR (ALPR/video) systems, automated vehicle classification (AVC) systems, and weigh-in-motion.
The geographic analysis is done with regard to major 4 regions, namely, Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to Buy This Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players, value chain analysis; company profiles, which discuss the basic views on the competitive landscape, emerging and high-growth segments of the ETC market, and high-growth regions; and drivers, restraints, challenges, and opportunities pertaining to ETC market.

The report provides insights on the following pointers:
Market penetration: Comprehensive information on ETC systems offered by the top players in the overall ETC market
Product development/innovation: Detailed insights regarding R&D activities, emerging technologies, and product launches in the ETC market
Market development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for ETC systems across regions
Market diversification: Exhaustive information about untapped geographies, recent developments, and investments in the overall ETC market
Competitive assessment: In-depth assessment of market ranking analysis, strategies, products, and manufacturing capabilities of the leading players in the ETC market


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN ELECTRONIC TOLL COLLECTION MARKET
    • ELECTRONIC TOLL COLLECTION MARKET, BY TYPE AND OFFERING
    • ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY
    • ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION
    • ELECTRONIC TOLL COLLECTION MARKET, BY REGION
  • MARKET OVERVIEW
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN: ETC MARKET
  • INDUSTRY TRENDS
    • INTEROPERABILITY TYPES AND BURNING ISSUES
      • INTEROPERABILITY OF NETWORK, DEVICES, AND CONTRACTS IN TOLLING
      • NEED FOR IMPROVED TRANSPORT AND INFRASTRUCTURE
      • STAGNANT GAS TAX RATES IN AMERICAS
  • ELECTRONIC TOLL COLLECTION MARKET, BY TYPE
    • INTRODUCTION
      • Table ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2015-2023 (USD BILLION)
    • TRANSPONDER- OR TAG-BASED TOLLING SYSTEMS
      • TRANSPONDERS/TAGS HAVE WITNESSED HIGH ADOPTION DUE THEIR APPLICABILITY IN RFID, DSRC AND SATELLITE BASED TOLLING
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR TRANSPONDER/TAG-BASED TOLLING SYSTEMS, BY REGION, 2015-2023 (USD BILLION)
    • OTHER TOLLING SYSTEMS
      • USE OF VIDEO ANALYTICS DECREASES THE POSSIBILITY OF SCAMS AND FRAUDS RELATED TO TOLL VIOLATION
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR OTHER TOLLING SYSTEMS, BY REGION, 2015-2023 (USD BILLION)
  • ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2015-2023 (USD BILLION)
    • RADIO-FREQUENCY IDENTIFICATION (RFID)
      • RFID TAGS ARE CHEAPER AS COMPARED TO GNSS AND DSRC TAGS
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR RFID TECHNOLOGY, BY REGION, 2015-2023 (USD BILLION)
    • DEDICATED SHORT-RANGE COMMUNICATION (DSRC)
      • DSRC BASED TAGS REMAIN UNAFFECTED BY PRIVACY/DATA PROTECTION ISSUES
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR DSRC TECHNOLOGY, BY REGION, 2015-2023 (USD BILLION)
    • OTHER TECHNOLOGIES
      • VIDEO ANALYTICS /ANPR/ALPR
      • GLOBAL NAVIGATION SATELLITE SYSTEM/GLOBAL POSITIONING SYSTEM (GNSS/GPS)
      • WEIGHT-BASED TOLLING
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR OTHER TECHNOLOGIES, BY REGION, 2015-2023 (USD BILLION)
  • ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING
    • INTRODUCTION
      • Table ELECTRONIC TOLL COLLECTION MARKET, BY OFFERING, 2015-2023 (USD BILLION)
    • HARDWARE
      • HARDWARE OF ETC SYSTEMS COMPRISES OF ROADSIDE EQUIPMENT AND ON-BOARD UNITS (OBUS)
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR HARDWARE, BY REGION, 2015-2023 (USD BILLION)
    • BACK OFFICE AND OTHER SERVICES
      • BACK OFFICE SERVICES CONTRIBUTE TO ACCOUNT MANAGEMENT, BILLING, LEGAL SUPPORT, AND INQUIRY HANDLING
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR BACK OFFICE AND OTHER SERVICES, BY REGION, 2015-2023 (USD BILLION)
  • ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION
    • INTRODUCTION
      • Table ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2015-2023 (USD BILLION)
    • HIGHWAYS
      • HIGHWAYS IS THE PROMINENT APPLICATION FOR THE ETC SYSTEMS
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR HIGHWAYS, BY REGION, 2015-2023 (USD BILLION)
    • URBAN AREAS
      • ETC SYSTEMS HAVE HELPED IN REDUCING TRAFFIC CONGESTION ISSUES IN URBAN AREAS
        • Table ELECTRONIC TOLL COLLECTION MARKET FOR URBAN AREAS, BY REGION, 2015-2023 (USD BILLION)
  • PARAMETERS FOR CHARGING TOLL AMOUNT
    • INTRODUCTION
    • DISTANCE BASED
      • DISTANCE BASED TOLLING IS CATEGORIZED AS CLOSED TOLLING AND OPEN TOLLING
    • POINT BASED
      • POINT BASED TOLLING CHARGES FIXED AMOUNT OF TOLLING IRRESPECTIVE OF THE DISTANCE TRAVELLED
    • TIME BASED
      • TIME BASED TOLLING CHARGES DRIVERS FOR UTILIZING PARTIAL OR WHOLE ROAD NETWORK
    • PERIMETER BASED
      • PERIMETER BASED TOLLING IS ALSO REFERRED AS CONGESTION CHARGE AT SOME PLACES
  • GEOGRAPHICAL ANALYSIS
    • INTRODUCTION
      • Table ELECTRONIC TOLL COLLECTION MARKET, BY REGION,2015-2023 (USD BILLION)
    • AMERICAS
      • Table ELECTRONIC TOLL COLLECTION MARKET IN AMERICAS, BY REGION, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN SOUTH AMERICA, BY COUNTRY, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN AMERICAS, BY TYPE, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN AMERICAS, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN AMERICAS, BY OFFERING, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN AMERICAS, BY APPLICATION, 2015-2023 (USD BILLION)
      • NORTH AMERICA
        • Table ELECTRONIC TOLL COLLECTION MARKET IN US, BY APPLICATION, 2015-2023 (USD MILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN CANADA, BY APPLICATION, 2015-2023 (USD MILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN MEXICO, BY APPLICATION, 2015-2023 (USD MILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY TYPE, 2015-2023 (USD BILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2015-2023 (USD BILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY OFFERING, 2015-2023 (USD BILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN NORTH AMERICA, BY APPLICATION, 2015-2023 (USD BILLION)
      • SOUTH AMERICA
        • Table ELECTRONIC TOLL COLLECTION MARKET IN SOUTH AMERICA, BY TYPE, 2015-2023 (USD MILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN SOUTH AMERICA, BY TECHNOLOGY, 2015-2023 (USD BILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN SOUTH AMERICA, BY OFFERING, 2015-2023 (USD BILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN SOUTH AMERICA, BY APPLICATION, 2015-2023 (USD MILLION)
    • EUROPE
      • Table ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY COUNTRY, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY TYPE, 2015-2023 (USD MILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY TECHNOLOGY, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY OFFERING, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN EUROPE, BY APPLICATION, 2015-2023 (USD BILLION)
      • UK
        • Table ELECTRONIC TOLL COLLECTION MARKET IN UK, BY APPLICATION, 2015-2023 (USD MILLION)
      • GERMANY
        • Table ELECTRONIC TOLL COLLECTION MARKET IN GERMANY, BY APPLICATION, 2015-2023 (USD MILLION)
      • FRANCE
        • Table ELECTRONIC TOLL COLLECTION MARKET IN FRANCE, BY APPLICATION, 2015-2023 (USD MILLION)
      • ITALY
        • Table ELECTRONIC TOLL COLLECTION MARKET IN ITALY, BY APPLICATION, 2015-2023 (USD MILLION)
      • REST OF EUROPE
        • Table ELECTRONIC TOLL COLLECTION MARKET IN REST OF EUROPE, BY APPLICATION, 2015-2023 (USD BILLION)
    • APAC
      • Table ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY COUNTRY, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY TYPE, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY TECHNOLOGY, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY OFFERING, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN APAC, BY APPLICATION, 2015-2023 (USD BILLION)
      • JAPAN
        • Table ELECTRONIC TOLL COLLECTION MARKET IN JAPAN, BY APPLICATION, 2015-2023 (USD MILLION)
      • CHINA
        • Table ELECTRONIC TOLL COLLECTION MARKET IN CHINA, BY APPLICATION, 2015-2023 (USD MILLION)
      • SOUTH KOREA
        • Table ELECTRONIC TOLL COLLECTION MARKET IN SOUTH KOREA, BY APPLICATION, 2015-2023 (USD MILLION)
      • AUSTRALIA
        • Table ELECTRONIC TOLL COLLECTION MARKET IN AUSTRALIA, BY APPLICATION, 2015-2023 (USD MILLION)
      • REST OF APAC
        • Table ELECTRONIC TOLL COLLECTION MARKET IN REST OF APAC, BY APPLICATION, 2015-2023 (USD MILLION)
    • ROW
      • Table ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY REGION, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY TYPE, 2015-2023 (USD MILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY OFFERING, 2015-2023 (USD BILLION)
      • Table ELECTRONIC TOLL COLLECTION MARKET IN ROW, BY APPLICATION, 2015-2023 (USD MILLION)
      • MIDDLE EAST
        • Table ELECTRONIC TOLL COLLECTION MARKET IN MIDDLE EAST, BY COUNTRY, 2015-2023 (USD BILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN MIDDLE EAST, BY OFFERING, 2015-2023 (USD BILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN MIDDLE EAST, BY APPLICATION, 2015-2023 (USD MILLION)
      • AFRICA
        • Table ELECTRONIC TOLL COLLECTION MARKET IN AFRICA, BY OFFERING, 2015-2023 (USD MILLION)
        • Table ELECTRONIC TOLL COLLECTION MARKET IN AFRICA, BY APPLICATION, 2015-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS (2017)
      • Table RANKING OF KEY CONCESSIONAIRES IN ELECTRONIC TOLL COLLECTION MARKET, 2017
    • COMPETITIVE SCENARIO
    • RECENT DEVELOPMENTS (TOP 5 PLAYERS)
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES, 2016-2018
      • PARTNERSHIPS/COLLABORATIONS/AGREEMENTS/ACQUISITIONS
        • Table PARTNERSHIPS/COLLABORATIONS/AGREEMENTS/ACQUISITIONS 2016-2018
  • COMPANY PROFILES
    • KEY PLAYERS
      • KAPSCH TRAFFICCOM AG
      • TRANSCORE (ROPER TECHNOLOGIES)
      • RAYTHEON COMPANY
      • CONDUENT INCORPORATED (FORMERLY XEROX CORPORATION)
      • THALES GROUP
      • CUBIC TRANSPORTATION SYSTEMS, INC.
      • VINCI
      • SIEMENS AG
      • EFKON GMBH
      • NEOLOGY (FORMERLY 3M)
    • OTHER KEY PLAYERS
      • TOSHIBA
      • MITSUBISHI HEAVY INDUSTRIES, LTD.
      • ABERTIS
      • Q-FREE
      • QUARTERHILL (INTERNATIONAL ROAD DYNAMICS)
      • TECSIDEL S.A.
      • PERCEPTICS
      • STAR SYSTEMS INTERNATIONAL
      • G.E.A.
      • ELECTRONIC TRANSACTION CONSULTANTS (ETC) CORPORATION
      • ARH INC.
      • SOCIEDAD IBÉRICA DE CONSTRUCCIONES ELÉCTRICAS, S.A. (SICE)
      • AUTOSTRADE PER L'ITALIA SPA (ATLANTIA)
      • JENOPTIK
      • NORBIT
    • KEY INNOVATORS
      • FAR EASTERN ELECTRONIC TOLL COLLECTION CO. (FETC)
      • TOLL COLLECT GMBH
      • GEOTOLL
      • INDRA SISTEMAS, S.A.
      • KISTLER GROUP
      • AMERICAN TRAFFIC SOLUTIONS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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