According to the latest report by IMARC Group, titled “Electronic Toll Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global electronic toll collection market reached a value of US$ 9.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.6 Billion by 2027, exhibiting at a CAGR of 10.51% during 2022-2027. Electronic toll collection (ETC) is an intelligent wireless toll collecting system that is utilized for accumulating levy automatically by eliminating road and traffic congestion. It deploys various latest technological solutions, such as global navigation satellite system (GNSS), global positioning systems (GPS), dedicated short-range communication (DSRC) toll collection, tracking and video analytics for improving the efficiency of the toll collection process. ETC is commercially available in varying types, such as transponder and tag-based toll collection systems.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Electronic Toll Collection Market Trends:
The integration of radio-frequency identification (RFID) sensors in ETC, along with the widespread utilization of real-time monitoring and tracking device on automobiles, are primarily contributing toward the market growth. In addition to this, the fueling requirement for efficient traffic management solutions is providing a considerable boost to the market growth. Apart from this, numerous initiatives undertaken by the governments of various nations for strengthening transportation infrastructure and the rapidly expanding automotive sector are creating a positive outlook for the market.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 3M
- Conduent Business Services LLC
- Cubic Transportation Systems Inc.
- Efkon AG
- Kapsch Trafficcom AG
- Q-Free
- Raytheon Company
- Schneider Electric
- Siemens AG
- Thales Group
- Trans Core
- Transurban Limited Ltd.
Breakup by Technology:
- RFID
- DSRC
- Others
Breakup by System:
- Transponder – or Tag-Based Toll Collection Systems
- Other Toll Collection Systems
Breakup by Subsystem:
- Automated Vehicle Identification
- Automated Vehicle Classification
- Violation Enforcement System
- Transaction Processing
Breakup by Offering:
- Hardware
- Back Office and Other Services
Breakup by Toll Charging:
- Distance Based
- Point Based
- Time Based
- Perimeter Based
Breakup by Application:
- Highways
- Urban Areas
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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