Electronic Toll Collection System Market by System, by Application and Geography: Analysis, Size, Growth, Trends, and Forecast, 2024-2028

Market Size

As transportation infrastructure evolves to accommodate cashless transactions and improve traffic flow, demand for electronic toll collection (ETC) systems is on the rise. ETC systems such as mobile app-based toll payment systems are becoming increasingly prevalent on highways, bridges, and urban roadways. This market is segmented by product type, by application, and by region, including North America, Europe, APAC, South America, and the Middle East and Africa. This report also analyzes key competitors in the electronic toll collection system market, such as Efkon, Siemens, and Thales.

Technavio’s in-depth industry report offers historical data as well as a comprehensive market forecast. It analyzes the current state of the electronic toll collection system market and provides detailed predictions on its performance over the coming years. It examines key factors such as market drivers, challenges, and key emerging trends, as well as the global competitive landscape. Also included is a breakdown of the types of products available on the market, along with their market shares and future prospects.

Market Report Highlights

System Type	Automated vehicle identification Automated vehicle classification Violation enforcement systems Others
Application	Urban Highway
Regional Landscape	North America Europe APAC South America Middle East and Africa
Key Companies Profiled	Efkon GmbH Kapsch TrafficCom Perceptics Siemens Thales TransCore

Market Report Insights

• Precise evaluation of the market’s size, including historical data and a forecast of market performance from 2024 to 2028
• Qualitative and quantitative analysis of the current market scenario and future prospects, allowing clients to make informed business decisions
• In-depth analysis of the drivers and challenges that will impact the growth of the market between 2024 and 2028
• Predictions about upcoming trends and changes in consumer behavior
• A thorough industry analysis of the competitive landscape and detailed information on key companies in the market, including factors such as market positioning and product offerings
• Region-by-region analysis of market growth and opportunities across North America, Europe, APAC, South America, and the Middle East and Africa

Market Segmentation

The electronic toll collection system market is segmented according to system type, application, and region. Technavio’s industry report provides actionable market insights on each segment, including market share and growth forecasts. The highway segment makes up the majority of the market, as they are a common location for both toll collection and violations.

System Type Segmentation

• Automated vehicle identification
• Automated vehicle classification
• Violation enforcement systems
• Others

Application Segmentation

• Urban
• Highway

Regional Analysis

Different parts of the world will have different demands, supply chain logistics, legal nuances, and other factors to take into consideration when entering a new market. Technavio’s electronic toll collection system market research helps facilitate strategic business decisions by providing a historical and focused look at regional markets, including market trends, drivers, and challenges as well as predictions for regional market sizes and growth.

Geographical Segmentation:

• North America
  • Segmentation by system
  • Segmentation by application
• Europe
  • Segmentation by system
  • Segmentation by application
• APAC
  • Segmentation by system
  • Segmentation by application
• South America
  • Segmentation by system
  • Segmentation by application
• The Middle East and Africa
  • Segmentation by system
  • Segmentation by application

Competitive Landscape

This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies in order to help clients improve their market positions. It also provides a detailed analysis of the upcoming electronic toll collection system market trends and challenges and how they will influence market growth, designed to help companies create effective strategies to make the most of the global market.

Companies leading the global electronic toll collection system market include:

• Efkon GmbH
• Kapsch TrafficCom
• Perceptics
• Siemens
• Thales
• TransCore

Market Dynamics

In order to make informed business decisions and strategies, it’s important to be informed of the many factors impacting the market. What is driving growth in the market and how does that influence new product releases? What challenges are increasing risk for a specific course of action or in a specific market? What will the key trends be over the next several years and what is the best way to take advantage of them? The answers to these questions help companies to evaluate business approaches and develop growth strategies.

Automated toll collection systems streamline toll collection processes, reducing traffic congestion and the risk of road accidents, particularly at traditional toll plazas. ETC systems also offer economic and environmental gains by minimizing idling time and reducing air pollutants such as carbon monoxide, hydrocarbons, and nitrogen oxides, contributing to a cleaner and more sustainable transportation ecosystem.

Electronic toll collection solutions utilize technologies like radio frequency identification (RFID), global navigation satellite systems (GNSS), GPS, and dedicated short-range communication (DSRC) to enable efficient toll collection. However, data privacy concerns persist as ETC systems collect and store information such as license plate numbers, travel routes, and timestamps in databases accessible to authorities and third-party entities. Balancing the need for effective toll collection with individual privacy rights is an ongoing challenge in the ETC system market.

Security is therefore a growing concern in the ETC system market, with toll operators facing cyber threats such as hacking, data breaches, and cyberattacks. Implementing robust cybersecurity measures is essential to protect sensitive data and ensure the integrity of ETC systems. Other challenges include technical failures, hardware malfunctions, software glitches, and communication breakdowns, which can disrupt toll operations and inconvenience commuters. However, technological innovations are addressing interoperability issues and improving the efficiency of toll collection processes.

FAQ

What are the key components of an Electronic Toll Collection system?

Key components include toll transponders or tags installed in vehicles, toll gantries equipped with antennas and readers to communicate with the transponders, backend servers for transaction processing and account management, and a user interface for drivers to manage their accounts and payments.

What technologies are used in Electronic Toll Collection systems?

Technologies include RFID (Radio Frequency Identification) for passive and active transponders, DSRC (Dedicated Short-Range Communication) for vehicle-to-infrastructure communication, GPS (Global Positioning System) for location-based services, and mobile app integrations for account management and payments.

How do Electronic Toll Collection systems contribute to smart transportation initiatives?

ETC systems are integral to smart transportation initiatives by facilitating seamless integration with intelligent transportation systems (ITS), enabling data-driven traffic management and planning, supporting interoperability between different tolling authorities, and promoting sustainable urban mobility.

What are the challenges facing the Electronic Toll Collection System Market?

Challenges include interoperability issues between different ETC systems and technologies, privacy concerns related to data collection and user tracking, initial setup costs and infrastructure investments, public acceptance and education on using electronic tolling technologies, and cybersecurity risks associated with digital transactions.

What are the emerging trends in the Electronic Toll Collection System Market?

Emerging trends include the integration of ETC systems with connected and autonomous vehicles (CAVs), the deployment of mobile-based payment solutions for tolling, the adoption of multi-modal electronic tolling for bridges and tunnels, and the use of AI (Artificial Intelligence) and data analytics for predictive tolling and traffic management.

Table of Contents

1 Executive Summary

• 1.1 Market overview
  • Exhibit 01: Executive Summary – Chart on Market Overview
  • Exhibit 02: Executive Summary – Data Table on Market Overview
  • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
  • Exhibit 04: Executive Summary – Chart on Market by Geography
  • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
  • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
  • Exhibit 07: Executive Summary – Chart on Incremental Growth
  • Exhibit 08: Executive Summary – Data Table on Incremental Growth
  • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
  • Exhibit 13: Market segments

• 3.3 Market size 2023

• 3.4 Market outlook: Forecast for 2023-2028
  • Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
  • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

• 4.1 Dietary supplements market in North America 2018 - 2022
  • Exhibit 18: Historic Market Size – Data Table on dietary supplements market in north America 2018 - 2022 ($ billion)

• 4.2 Distribution Channel Segment Analysis 2018 - 2022
  • Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)

• 4.3 Product Segment Analysis 2018 - 2022
  • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

• 4.4 Geography Segment Analysis 2018 - 2022
  • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
  • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028

• 5.2 Bargaining power of buyers
  • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

• 5.3 Bargaining power of suppliers
  • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

• 5.4 Threat of new entrants
  • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028

• 5.5 Threat of substitutes
  • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028

• 5.6 Threat of rivalry
  • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028

• 5.7 Market condition
  • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
  • Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
  • Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)

• 6.2 Comparison by Distribution Channel
  • Exhibit 31: Chart on Comparison by Distribution Channel
  • Exhibit 32: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2023-2028
  • Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
  • Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)

• 6.4 Online - Market size and forecast 2023-2028
  • Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
  • Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)

• 6.5 Market opportunity by Distribution Channel
  • Exhibit 41: Market opportunity by Distribution Channel ($ billion)
  • Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by Product

• 7.1 Market segments
  • Exhibit 43: Chart on Product - Market share 2023-2028 (%)
  • Exhibit 44: Data Table on Product - Market share 2023-2028 (%)

• 7.2 Comparison by Product
  • Exhibit 45: Chart on Comparison by Product
  • Exhibit 46: Data Table on Comparison by Product

• 7.7 Others - Market size and forecast 2023-2028
  • Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
  • Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)

• 7.8 Market opportunity by Product
  • Exhibit 67: Market opportunity by Product ($ billion)
  • Exhibit 68: Data Table on Market opportunity by Product ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview
  • Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
  • Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
  • Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)

• 9.2 Geographic comparison
  • Exhibit 72: Chart on Geographic comparison
  • Exhibit 73: Data Table on Geographic comparison

• 9.6 Market opportunity by geography
  • Exhibit 74: Market opportunity by geography ($ billion)
  • Exhibit 75: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
  • Exhibit 76: Impact of drivers and challenges in 2023 and 2028

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
  • Exhibit 77: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
  • Exhibit 78: Overview on factors of disruption

• 11.4 Industry risks
  • Exhibit 79: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
  • Exhibit 80: Vendors covered

• 12.2 Market positioning of vendors
  • Exhibit 81: Matrix on vendor position and classification

• 13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
  • Exhibit 82: Inclusions checklist
  • Exhibit 83: Exclusions checklist

• 13.3 Currency conversion rates for US$
  • Exhibit 84: Currency conversion rates for US$

• 13.4 Research methodology
  • Exhibit 85: Research methodology
  • Exhibit 86: Validation techniques employed for market sizing
  • Exhibit 87: Information sources

• 13.5 List of abbreviations
  • Exhibit 88: List of abbreviations