Electronic Toll Collection (ETC) Market Size - By Technology (RFID, DSRC, GPS/GNSS, Video analytics), By Payment Method (Prepaid, Hybrid, Postpaid), By Application (Urban Zones, Highways), Type Regional Analysis & Global Forecast, 2023

Description

List of Tables

Global Electronic Toll Collection (ETC) Market size is poised to record more than 12.6% CAGR from 2023-2032, on account of the rising number of smart city initiatives. In recent years, ETC data has grown increasingly popular for enhancing urban mobility, reducing traffic-related pollution, and supporting transportation planning. In August 2023, the Serbian government inked an agreement with Montenegro for introducing an integrated system of electronic toll collection between the two countries. The growing implementation of ERP systems in many cities to manage traffic congestion will also outline the market development.

The ETC industry is segmented based on technology, type, payment method, application, and region.

In terms of technology, the GPS/GNSS segment is likely to hold significant market revenue share by 2032 driven by surging prominence in toll collection and transportation management. GPS/GNSS technology offers precise distance-based toll pricing as toll fees are calculated based on actual distance traveled with fairness and cost savings for users. Increasing usefulness for cross-border travel and the surging support from government bodies worldwide will also define the segment expansion. For instance, in March 2023, the Road Transport and Highways Ministry of India announced replacing toll tax plazas by GPS-based system in the country by September.

On the basis of payment method, the ETC industry value from the prepaid segment is expected to expand up to 2032. Prepaid electronic toll collection helps to streamline the toll payment process whilst reducing the wait times at toll booths for allowing users to pre-fund their toll payments. This mode of ETC payment also helps users to drive through without stopping in order to limit the traffic congestion. Limited need for cash payments for making transactions faster and secure along with the minimized risk of toll booth errors and discrepancies are other factors driving the segment growth.

Regionally, the electronic toll collection market size in Asia Pacific is projected to accrue notable traction through 2032 due to the surging popularity of EVs along with the need for enhanced features to support charging and billing. With the influx of smart cities initiatives to improve traffic flow, and reduce emissions, ETC systems have gained ground for enhancing the quality of urban life via advanced transportation solutions. The rising emphasis on addressing traffic congestion as well as improving the transportation infrastructure will add to the regional industry expansion.

Product Code: 1615

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculation
1.3 Forecast calculation.
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources.
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Electronic toll collection (ETC) market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Technology trends
2.5 Type trends
2.6 Payment method trends
2.7 Application trends

Chapter 3 Electronic Toll Collection (ETC) Market Insights

3.1 Impact on COVID-19
3.2 Russia-Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Type & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch and innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Increasing use of advanced technologies for transport applications
  - 3.10.1.2 Rising government support to accelerate electronic toll collection in Europe.
  - 3.10.1.3 Growing demand for cashless payments
  - 3.10.1.4 Rising awareness of road accidents and road traffic
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Deployment in underdeveloped countries
  - 3.10.2.2 High installation and maintenance costs
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Kapsch TrafficCom
- 4.3.2 Xerox Corporatio
- 4.3.3 Atlantia S p A
- 4.3.4 Thales Group
- 4.3.5 TransCore
- 4.3.6 Q-Free ASA
- 4.3.7 Conduent Business Services, LLC
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Electronic toll collection (ETC) Market, By Technology (USD Million)

5.1 Key trends, by technology
5.2 RFID
5.3 DSRC
5.4 GPS/GNSS
5.5 Video analytics
5.6 Others

Chapter 6 Electronic Toll Collection (ETC) Market, By Type (USD Million)

6.1 Key trends, by type
6.2 Automatic Vehicle Classification (AVC)
6.3 Violation Enforcement System (VES)
6.4 Automatic Vehicle Identification System (AVIS)
6.5 Others (Back office & services)

Chapter 7 Electronic Toll Collection (ETC) Market, By Payment Method (USD Million)

7.1 Key trends, by payment method
7.2 Prepaid
7.3 Hybrid
7.4 Postpaid

Chapter 8 Electronic Toll Collection (ETC) Market, By Application (USD Million)

8.1 Key trends, by application
8.2 Urban zones
8.3 Highways

Chapter 9 Electronic Toll Collection (ETC) market, By Region

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1 Arya Omnitalk
10.2 Atlantia S.p.A.
10.3 Cubic Corporation
10.4 EFKON GmbH
10.5 Far Eastern Electronic Toll Collection Co. (FETC)
10.6 FEIG ELECTRONIC GmbH
10.7 Honeywell International Inc.
10.8 JENOPTIK
10.9 Kapsch Group
10.10 Mitsubishi Heavy Industries Machinery Systems, Ltd.
10.11 Perceptics, LLC
10.12 Q-Free ASA
10.13 QuaLiX
10.14 Siemens AG
10.15 Star Systems International
10.16 TECSIDEL, S.A.
10.17 Thales Group
10.18 Toshiba Corporation
10.19 TransCore
10.20 Xerox Corporation