ID: MRFR/SEM/3536-CR | October 2018 | Region: Global | 100 Pages
1 Executive Summary
2 Scope of the Report
2.1 Market Definition 16
2.2 Scope of the Study 16
2.2.1 Research Objectives 16
2.2.2 Assumption & Limitations 16
2.3 Market Structure 17
3 Market Research Methodology
3.1 Research Process 19
3.2 Secondary Research 19
3.3 Primary Research 20
3.4 Forecast Model 22
4 Market Landscape
4.1 Porters Five Forces Analysis 24
4.1.1 Threat of new entrants 24
4.1.2 Bargaining power of suppliers 24
4.1.3 Bargaining power of buyers 24
4.1.4 Threat of substitute 24
4.1.5 Rivalry 25
4.2 Value Chain/Supply Chain of Global Electronic Toll Collection Market 25
4.2.1 OEMs 25
4.2.2 Solution/Service Providers 25
4.2.3 Contractors/Operators 26
4.2.4 End-Users 26
5 Market Dynamics
5.1 Introduction 28
5.2 Drivers 28
5.2.1 Rising demand for minimising traffic congestion and fuel consumption at toll stations 28
5.2.2 Increasing government initiative towards improved road safety and infrastructure 29
5.2.3 Drivers Impact Analysis 30
5.3 Opportunities 30
5.3.1 Need for superior video analytics in automatic number plate recognition and classification of vehicles 30
5.4 Challenges 31
5.4.1 Absence of common technological standards for recognition of vehicles 31
6 Market Trends
6.1 Trends 33
6.1.1 Developing smart city technology 33
6.1.2 Increasing adoption of wireless communication in vehicles 33
6.2 Market News 33
7 Global Electronic Toll Collection Market, By Type
7.1 Overview 35
7.1.1 Electronic Toll Collection (ETC) 35
7.1.2 All Electronic Tolling (AET) 35
7.1.3 Automatic Number Plate Recognition (ANPR) 35
7.1.4 Others 35
8 Global Electronic Toll Collection Market, By Product
8.1 Overview 38
8.1.1 Automatic Vehicle Identification (AVI) 38
8.1.2 Automated Vehicle Classification (AVC) 38
9 Global Electronic Toll Collection Market, By Technology
9.1 Overview 41
9.1.1 Radio Frequency Identification (RFID) 41
9.1.2 Dedicated Short Range Communications (DSRC) 41
9.1.3 Global Positioning System (GPS) 41
9.1.4 Others 41
10 Global Electronic Toll Collection Market, By Means of Collection
10.1 Overview 44
10.1.1 Prepaid 44
10.1.2 Postpaid 44
11 Global Electronic Toll Collection Market, By Application
11.1 Overview 46
11.1.1 Highways 46
11.1.2 Urban 46
11.1.3 Others 46
12 Electronic Toll Collection Market, By Region
12.1 Introduction 49
12.2 North America 50
12.2.1 US 54
12.2.2 Canada 56
12.2.3 Mexico 58
12.3 Europe 60
12.3.1 Germany 64
12.3.2 UK 66
12.3.3 France 68
12.3.4 Rest of Europe 70
12.4 Asia-Pacific 72
12.4.1 China 76
12.4.2 Japan 78
12.4.3 India 80
12.4.4 Rest of Asia-Pacific 82
12.5 Rest of the World 84
12.5.1 The Middle East & Africa 88
12.5.2 Latin America 90
13 Competitive Landscape
13.1 Competitive Landscape 93
14 Company Profiles
14.1 Xerox Corporation 96
14.1.1 Company Overview 96
14.1.2 Financial Overview 96
14.1.3 Product/Solution/Service Offerings 97
14.1.4 SWOT Analysis 97
14.1.5 Key Strategy 97
14.2 Cubic Corporation 98
14.2.1 Company Overview 98
14.2.2 Financial Overview 98
14.2.3 Product/Solution/Service Offerings 99
14.3 Siemens AG 100
14.3.1 Company Overview 100
14.3.2 Financial Overview 100
14.3.3 Solution/Service Offerings 101
14.3.4 SWOT Analysis 101
14.3.5 Key Strategy 101
14.4 Thales SA 102
14.4.1 Company Overview 102
14.4.2 Financial Overview 102
14.4.3 Product/Solution/Service Offerings 103
14.4.4 SWOT Analysis 103
14.4.5 Key Strategy 103
14.5 Quarterhill Inc. 104
14.5.1 Company Overview 104
14.5.2 Financial Overview 105
14.5.3 Product/Solution/Service Offerings 105
14.6 Kapsch TrafficCom AG 106
14.6.1 Company Overview 106
14.6.2 Financial Overview 106
14.6.3 Product/Solution/Service Offerings 107
14.7 Grenobloise dElectronique et dAutomatismes (GEA) SA 108
14.7.1 Company Overview 108
14.7.2 Financial Overview 108
14.7.3 Product/Solution/Service Offerings 109
14.8 Conduent Inc. 110
14.8.1 Company Overview 110
14.8.2 Financial Overview 110
14.8.3 Product/Solution/Service Offerings 111
14.9 Raytheon Co. 112
14.9.1 Company Overview 112
14.9.2 Financial Overview 112
14.9.3 Product/Solution/Service Offerings 113
14.9.4 SWOT Analysis 113
14.10 Q-Free ASA 114
14.10.1 Company Overview 114
14.10.2 Financial Overview 114
14.11 The Revenue Markets Inc. 115
14.11.1 Company Overview 115
14.11.2 Product/Solution/Service Offerings 115
15 List of Tables
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 16
TABLE 3 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 36
TABLE 4 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 39
TABLE 5 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 42
TABLE 6 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 44
TABLE 7 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47
TABLE 8 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020-2027 (USD MILLION) 49
TABLE 9 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 50
TABLE 10 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 51
TABLE 11 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 51
TABLE 12 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 52
TABLE 13 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 53
TABLE 14 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 53
TABLE 15 US: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 54
TABLE 16 US: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 54
TABLE 17 US: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 54
TABLE 18 US: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 55
TABLE 19 US: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 55
TABLE 20 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 56
TABLE 21 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 56
TABLE 22 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 56
TABLE 23 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 57
TABLE 24 CANADA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 57
TABLE 25 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 58
TABLE 26 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 58
TABLE 27 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 58
TABLE 28 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 59
TABLE 29 MEXICO: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59
TABLE 30 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 60
TABLE 31 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 61
TABLE 32 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 61
TABLE 33 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 62
TABLE 34 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 63
TABLE 35 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 63
TABLE 36 GERMANY: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 64
TABLE 37 GERMANY: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 64
TABLE 38 GERMANY: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 64
TABLE 39 GERMANY: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 65
TABLE 40 GERMANY: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 65
TABLE 41 UK: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 66
TABLE 42 UK: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 66
TABLE 43 UK: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 66
TABLE 44 UK: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 67
TABLE 45 UK: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 67
TABLE 46 FRANCE: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 68
TABLE 47 FRANCE: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 68
TABLE 48 FRANCE: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 68
TABLE 49 FRANCE: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 69
TABLE 50 FRANCE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 69
TABLE 51 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 70
TABLE 52 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 70
TABLE 53 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 70
TABLE 54 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 71
TABLE 55 REST OF EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 71
TABLE 56 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 72
TABLE 57 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 73
TABLE 58 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 73
TABLE 59 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 74
TABLE 60 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 75
TABLE 61 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 75
TABLE 62 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 76
TABLE 63 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 76
TABLE 64 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 76
TABLE 65 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 77
TABLE 66 CHINA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 77
TABLE 67 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 78
TABLE 68 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 78
TABLE 69 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 78
TABLE 70 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 79
TABLE 71 JAPAN: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 79
TABLE 72 INDIA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 80
TABLE 73 INDIA: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 80
TABLE 74 INDIA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 80
TABLE 75 INDIA: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 81
TABLE 76 INDIA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 81
TABLE 77 REST OF ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 82
TABLE 78 REST OF ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 82
TABLE 79 REST OF ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 82
TABLE 80 REST OF ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 83
TABLE 81 REST OF ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 83
TABLE 82 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 84
TABLE 83 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 85
TABLE 84 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 85
TABLE 85 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 86
TABLE 86 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 87
TABLE 87 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 87
TABLE 88 THE MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 88
TABLE 89 THE MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 88
TABLE 90 THE MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 88
TABLE 91 THE MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 89
TABLE 92 THE MIDDLE EAST & AFRICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 89
TABLE 93 LATIN AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 90
TABLE 94 LATIN AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 90
TABLE 95 LATIN AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 90
TABLE 96 LATIN AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 91
TABLE 97 LATIN AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 91
 
16 List of Figures
FIGURE 1 GLOBAL ELECTRONIC TOLL COLLECTION MARKET: MARKET STRUCTURE 17
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 21
FIGURE 3 PORTERS FIVE FORCES ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET 24
FIGURE 4 VALUE CHAIN: GLOBAL ELECTRONIC TOLL COLLECTION MARKET 25
FIGURE 5 DROC ANALYSIS OF GLOBAL ELECTRONIC TOLL COLLECTION MARKET 28
FIGURE 6 DRIVERS IMPACT ANALYSIS: ELECTRONIC TOLL COLLECTION MARKET 30
FIGURE 7 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 36
FIGURE 8 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 39
FIGURE 9 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 42
FIGURE 10 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 44
FIGURE 11 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 46
FIGURE 12 GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2020-2027 (USD MILLION) 49
FIGURE 13 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 50
FIGURE 14 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 50
FIGURE 15 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 51
FIGURE 16 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 52
FIGURE 17 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 52
FIGURE 18 NORTH AMERICA: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 53
FIGURE 19 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 60
FIGURE 20 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 60
FIGURE 21 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 61
FIGURE 22 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 62
FIGURE 23 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 62
FIGURE 24 EUROPE: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 63
FIGURE 25 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 72
FIGURE 26 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 72
FIGURE 27 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 73
FIGURE 28 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 74
FIGURE 29 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 74
FIGURE 30 ASIA-PACIFIC: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 75
FIGURE 31 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 84
FIGURE 32 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY TYPE, 2020-2027 (USD MILLION) 84
FIGURE 33 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 85
FIGURE 34 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2020-2027 (USD MILLION) 86
FIGURE 35 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY MEANS OF COLLECTION, 2020-2027 (USD MILLION) 86
FIGURE 36 REST OF THE WORLD: ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 87
FIGURE 37 BENCHMARKING OF MAJOR COMPETITORS 94
$16.54 billion
10.3%
North America
2020-2030
Electronic toll collection market is expected to surpass the market value of USD 16.54 billion by the year 2030 while registering a CAGR of 10.3%. Electronic Toll collection is also commonly called Automated toll collection which is expected to witness higher market value in the forecast period owing to potential benefits like increased time efficiency, identification of vehicles, technological advancements. The demand for the Electronic Toll collection market is growing tremendously in developing countries owing to strong governmental support. The governmental organizations in the developed countries are collecting tolls on the highways, tunnels, and bridges which tend to increase the traffic congestion that is leading to fatal accidents. To reduce such incidences, they are installing the Electronic Toll Collection Systems aside from the conventional Toll collection systems to ensure free traffic flow.
The transponders are highly utilized by the vehicles which is the device that communicates with the roadside equipment. This equipment is generally mounted on the front side of the vehicle to carry out the transaction. The device consists of the basic information of the vehicle such as toll facility, identification number, and the type of the vehicle; where the vehicle identification number is associated with the consumer’s bank account from which the toll amount is detected on the approval of the consumer. The toll bill is then sent to the e-mail associated with the bank account.
Electronic Toll Collection Market COVID 19 Analysis:
The pandemic has restricted the growth of several manufacturing verticals and production units. Especially automotive, construction, transportation, semiconductor industries were affected by the pandemic severely. The manufacturing units were shut down and therefore the disruption in the supply and chain was also intensified throughout the pandemic. Such factors have significantly affected the overall growth of the Electronic Toll Collection industry. Moreover, the raw materials for the electronic equipment such as RFID chips, controllers, processors, cameras, and transponders were shipped from the countries like China, and the US to the manufacturing units across the globe. Since there has been a huge restriction for movement across the globe and logistics restriction at the international borders, the raw materials were not transported to the manufacturing companies and affected the manufacturing processes as well. Therefore, the Electronic Toll Collection Industry value has been significantly affected by the widespread COVID 19.
Electronic Toll Collection Market Dynamics:
Traffic congestion is considered as the primary concern in developed and civilized countries, therefore the demand for the smooth flow of traffic is increasing across the developed countries. The Electronic Toll Collection systems are also reducing the number of road and accidents and reducing the hassle during Emergency drives. Such factors are driving the overall growth of the Electronic Toll Collection industry.
The increasing adoption of electronic equipment, wireless connectivity, increasing prevalence of internet connectivity, and other advancing technologies are stimulating the overall growth of the Electronic Toll collection market.
The Electronic Toll collection systems are driven by favorable government incentives owing to the efficient usage of advanced technologies, especially, the Indian government is currently expediting the installation of electronic toll collection systems across the country. The National Highway Authority of India is focusing on 100% implementation of the Electronic Toll Collection systems within a year and imposed mandating laws for the conversion of toll lanes across the country.
Potential benefits of the Electronic Toll Collection Systems which include reducing the traffic congestion, the number of road accidents, and emission of toxic gases due to traffic are presenting the overall growth of the Electronic Toll Collection market.
The existing road infrastructure and telecommunication are the two basic amenities required for the efficient operation of the Electronic toll collection market. The economically developing countries are lacking necessitated infrastructure, technology, and the countries also lack the penetration of Electronic Toll Collection systems across. Such factors are impacting the overall growth of the Electronic toll Collection market.
The economic condition of the countries which includes conditions such as inadequate transportation, lack of internet and mobile penetration, inadequate resources, and investments in such countries are hindering the overall growth of the Electronic Toll Collection market. Moreover, the higher costs incurred for the installation, operating, and maintenance are imposing significant challenges for the overall growth of the Electronic Toll Collection market.
The standards, regulations imposed by the government of the countries are restricting the overall growth of the Electronic Toll Collection market, on the other hand, the interoperability issues and technical issues are also imposing challenges over the growth of the Electronic Toll Collection market.
The FASTag scheme was introduced in India in the year 2013 and the scheme has introduced several tolling collections across the country. The challenges faced by the Electronic Toll Collection systems were recorded, which includes, faulty and poor tags installed on the cars, multiple tags on a vehicle, connectivity issues; reconciliation problems at the banking sectors are presenting a significant challenge in the efficient operation of Electronic Toll collection, which hinders the overall growth of Electronic Toll Collection market.
Traffic congestion is considered a major issue in developed countries; governmental organizations are increasingly upgrading the road structure and increasing the incentives to combat the issue. However, the conventional toll collecting systems are found to be extremely time-consuming and thereby create a significant amount of traffic congestion in the toll booths. Moreover, the error rate in the transaction is considerably higher as the transactions are carried out manually. Such drawbacks of conventional tolling systems are impacting the overall growth of the Electronic Toll Collection System market. The market value of the Electronic Toll Collection market was at USD 8,127.0 million in the year 2020 and is expected to surpass the market value of USD 13,819.3 billion by the year 2023 while registering a CAGR of 11.20%.
Moreover, technical advancements such as GNSS, GPS technology are increasingly adopted in the countries such as Japan and the governments of those countries are making heavy investments in the toll lanes in such countries. On the other hand, the government is also framing regulations and standards for efficient implementation of the Electronic Toll Collection systems. Such factors are propelling the Electronic Toll Collection market growth further.
The growing urbanization and population have increased the demand for personal vehicles in several countries. Technical advancements such as real-time tracking, vehicle monitoring technologies such as GPS/GNSS, and the increasing utilization of RFID sensors are stimulating the overall growth of the Electronic toll Collection market in the countries such as Japan, China, Indonesia, and India. Especially the market value for the Automatic number plate recognition (ANPR), electronic tolling (Automated), and Electronic tolling collection segments are surging in recent years to reduce the traffic congestion in the developed countries. The infrastructure is designed in a way that keeps the conventional aside with the Electronic Toll collection systems are considered to be an effective way in controlling the traffic in the regions with minimal awareness about the Electronic toll Collection systems.
Segment Overview:
Based on Type:
Based on Collection:
Based on Hardware Features:
Based on Technology:
Regional Analysis:
Currently, North America is expected to witness healthy growth in the Electronic Toll Collection market owing to the rising demand for digital payment at toll facilities. The trend of digital transactions in the region is expected to boost the overall growth of the Electronic Toll collection market. Moreover, the region possesses more personal vehicles than other parts of the world, thereby presenting a lucrative opportunity for the overall growth of the Electronic toll collection market. Not only in North America, regions such as Asia-pacific and Europe are also increasingly involved in the practice of Digital transactions.
On the other hand, the increasing development in technologies and compact sizes of a hardware system, higher performance identification tags, and the increasing prevalence of wireless technologies are boosting the overall growth of the Electronic Toll Collection market.
Competitive Landscape:
Recent Developments:
One of the leading market players, Star Systems has launched the next-generation tolling system which is named Zenith. The tolling system comprises of windshield and headlamp transponder with potential features such as advanced data protection, top-level performance, and reliability, superior read sensitivity which ranges about 22.5 dBm, and memory protection.
Another launch from the company is named Atlantis Windshield transponder which is considered as the market’s first high-security windshield transponder. The transponder is certified for its interoperability in the tolling systems and optimal performance, especially on vehicles with the windshield. Atlantis is designed for applications that require higher security and data protection such as government buildings, military bases, and laboratories.
Report Overview:
This report has covered:
Report Attribute/Metric | Details |
---|---|
Market Size | USD 16.54 Billion |
CAGR | 10.3% |
Base Year | 2019 |
Forecast Period | 2020-2030 |
Historical Data | 2018 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | type, product, application, technology, means of toll collection |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Q-Free ASA, Cubic Corporation, Xerox Corporation, Thales SA, Kapsch TrafficCom AG, Conduent Inc., Siemens AG, Quarterhill Inc., The Revenue Markets Inc., Grenobloise dElectronique et dAutomatismes (GEA) SA., Raytheon Co |
Key Market Opportunities |
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Key Market Drivers |
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Frequently Asked Questions (FAQ) :
Countries such as China and India are investing massive amounts in the market which is supposed to support the growth curve in the region.
The Automatic Vehicle Identification (AVI) segment scaled a valuation of USD 4,467.3 Mn in 2017. It has gained much popularity and is poised to maintain its leading position in the market.
The highways segment is prognosticated to dominate the market at 12% CAGR due to exponentially rising highway traffic.
Key players are resorting to strategies such as technological developments, mergers & acquisitions, product launches, etc.
North America, due to early adoption of the latest technologies, is expected to dominate the global market.
Global Electronic Toll Collection Market: Competitive Landscape
The global electronic toll collection market consists of various global, regional, and local service providers that are continuously evolving to enhance their market position. Intense competition and rapid advances in technology to cope with the existing toll facilities is the key factor that aid the market growth. The service providers compete based on cost, efficiency, and reliability of the electronic toll systems to sustain in the market. It is important for the service providers to provide a cost-efficient and advanced electronic toll facility, to maintain their market position and gain a competitive advantage.
Vendors in the electronic toll collection market are focusing towards improving their services and expanding geographically into the under-developed and developing economies. Kapsch TrafficCom AG, Grenobloise dElectronique et dAutomatismes (GEA) SA, Conduent Inc, Raytheon Co, and Q-Free ASA are the major companies in the market, competing in terms of providing solutions, efficiency reliability, price, and advanced technology. Their primary focus is on the development of already existing toll facilities with advanced wireless communication technology for faster and secure payment transaction at toll facility. Although international players are dominating the market, some other small regional and foreign players with small market shares also have a prominent presence in this market. The major players may strengthen their presence worldwide through the mergers and acquisition of local and regional players for expanding their solutions in those regions during the forecast period. The improvement of the global economic scenario combined with technological advancement in the emerging economies like India, South Africa, China, Brazil, Argentina, and other under-developed countries, is likely to fuel the market growth, thereby making it an ideal time to expand electronic toll collection market geographically and increase the global market share.
Kapsch TrafficCom AG is one of the leading players in the electronic toll collection market. The company has been operating for more than 20 years with a strong industrial expertise. Kapsch TrafficCom AG engages in the provision of intelligent transportation systems through its electronic toll collection (ETC) and intelligent mobility solutions (IMS) segments. It provides electronic toll solutions like satellite tolling, multi-lane free flow tolling, and mobile tolling having its presence majorly across the Europe, and the Middle East and Africa.
Grenobloise dElectronique et dAutomatismes (GEA) SA is another major vendor providing ETC solutions at toll facility. It also designs, develops, manufactures, integrates, installs and maintains a full range of equipment including central computer systems, plaza computer systems, manual or automatic entry and exit lanes that accept all forms of payment. The company provides solutions like automatic ticket issuing machine, and automatic payments machines.
Conduent Inc. engages in the provision of business process services in transaction-intensive processing, analytics, and automation. The company got separated from Xerox in 2017 and now operates as an individual entity. The company provides various solutions such as electronic toll collection back office solution, electronic toll collection roadside solution, vehicle passenger detection system, and automated license plate recognition system
Intended Audience