Electronic Toll Collection (ETC) Market Synopsis
Electronic Toll Collection (ETC) Market Size Was Valued at USD 10.5 Billion in 2023, and is Projected to Reach USD 19.6 Billion by 2032, Growing at a CAGR of 7.2% From 2024-2032.
Electronic Toll Collection (ETC) refers to a system that automatically collects tolls from vehicles using electronic technology, without requiring them to stop or slow down at toll booths. Instead of traditional cash or manual toll collection methods, ETC systems typically use radio frequency identification (RFID), infrared, or other wireless communication technologies to identify vehicles and deduct tolls from prepaid accounts or electronic wallets linked to the vehicles. This technology streamlines the toll collection process, reducing traffic congestion, and improving overall transportation efficiency.
- The Electronic Toll Collection (ETC) market has witnessed significant growth in recent years, driven by the increasing adoption of automated tolling systems worldwide. ETC systems offer numerous benefits, including reduced traffic congestion, enhanced road safety, and improved operational efficiency for toll operators. The market is characterized by technological advancements, such as the integration of RFID, GPS, and mobile-based solutions, catering to the diverse needs of toll facilities ranging from highways and bridges to urban areas. Additionally, government initiatives promoting cashless transactions and the modernization of transportation infrastructure are further fueling the expansion of the ETC market globally.
- Furthermore, the proliferation of smart transportation initiatives and the growing emphasis on seamless mobility experiences are expected to propel the ETC market forward. As urbanization accelerates and populations grow, there's a greater demand for efficient toll-collection methods that streamline traffic flow and enhance overall transportation efficiency. Moreover, the emergence of connected vehicle technologies and the integration of ETC systems with intelligent transportation systems (ITS) are opening up new opportunities for market players to innovate and offer comprehensive solutions that address the evolving needs of the modern transportation ecosystem.
Electronic Toll Collection (ETC) Market Trend Analysis
Interoperability and seamless integration
- The Electronic Toll Collection (ETC) market is experiencing a significant trend towards interoperability and seamless integration. As governments and transportation authorities worldwide seek to streamline tolling systems, interoperable solutions are gaining traction, allowing drivers to use a single transponder or account for multiple toll roads and bridges. This trend not only enhances convenience for motorists but also reduces congestion and administrative burdens for authorities.
- Additionally, advancements in technology, such as RFID and GPS, are further fueling this trend by enabling more efficient and accurate tolling processes, promising a future where toll collection becomes virtually invisible to the user, ultimately transforming the landscape of transportation infrastructure.
Growing Emphasis on Smart Infrastructure and Mobility Solutions
- With increasing urbanization and the rise of smart cities, there's a growing emphasis on developing intelligent transportation systems and infrastructure. This presents a significant opportunity for the ETC market to expand its footprint and offerings. Governments and transportation authorities worldwide are investing in modernizing transportation networks, including toll roads, to enhance traffic flow, reduce emissions, and improve overall mobility.
- By integrating ETC systems with other smart infrastructure components such as traffic management systems, connected vehicles, and mobility-as-a-service platforms, stakeholders can create a more seamless and efficient transportation ecosystem. Furthermore, the adoption of ETC solutions aligns with sustainability goals by encouraging the use of electronic payments, reducing the environmental impact associated with traditional toll collection methods such as cash and paper tickets.
Electronic Toll Collection (ETC) Market Segment Analysis:
Electronic Toll Collection (ETC) Market Segmented based on type and application.
By Type, Vehicle Automatic Understanding System segment is expected to dominate the market during the forecast period
- In the Electronic Toll Collection (ETC) market, the Vehicle Automatic Understanding System segment is poised to take center stage and dominate the landscape throughout the forecast period. This dominance stems from the inherent advantages offered by automatic vehicle identification technology, which streamlines toll-collection processes with unprecedented efficiency and convenience. With Vehicle Automatic Understanding Systems, toll transactions are seamlessly executed as vehicles pass through toll booths, eliminating the need for manual interventions such as stopping or presenting physical toll cards. This not only reduces congestion and travel time for commuters but also enhances overall toll plaza throughput, leading to improved operational efficiency for toll operators.
- Moreover, the widespread adoption of electronic tags and transponders by vehicle owners further fuels the dominance of this segment, as it facilitates effortless and contactless toll payments, aligning perfectly with the global trend towards digitalization and cashless transactions in the transportation sector.
- As the Vehicle Automatic Understanding System segment continues to assert its dominance in the ETC market, stakeholders are poised to capitalize on the myriad opportunities it presents. Toll authorities and operators are increasingly investing in advanced infrastructure and technology upgrades to support the seamless integration of automatic vehicle identification systems into existing toll collection networks. This strategic focus not only enhances the user experience for commuters but also drives cost savings and revenue growth for toll operators.
By Application, the Highway segment held the largest share in 2023
- The dominance of the highway segment in the Electronic Toll Collection (ETC) market signifies a pivotal shift in how transportation infrastructure is managed and monetized. Highways serve as vital arteries of economic activity, facilitating the movement of goods and people across vast distances. As such, optimizing toll collection processes on highways is paramount for enhancing efficiency, reducing congestion, and improving overall traffic flow.
- Electronic toll collection systems offer a seamless and convenient solution, allowing vehicles to pass through toll points without the need to stop, thereby minimizing delays and maximizing throughput. With the highway segment holding the largest share in the ETC market, there is a clear recognition among transportation authorities and infrastructure developers of the immense value proposition offered by ETC solutions in streamlining toll operations and ensuring a smoother travel experience for commuters and cargo alike.
- Moreover, the preference for ETC systems on highways is driven by several factors, including the scalability of these systems to accommodate high volumes of traffic, their ability to integrate with existing transportation infrastructure seamlessly, and the potential for enhancing revenue generation through more efficient toll collection mechanisms. Additionally, the adoption of ETC solutions on highways aligns with broader trends in digitization and automation within the transportation sector, as stakeholders seek innovative ways to modernize infrastructure and enhance mobility.
Electronic Toll Collection (ETC) Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The Electronic Toll Collection (ETC) market in the Asia Pacific region is poised for significant growth and is anticipated to dominate the global market over the forecast period. Several factors contribute to this projected dominance. Firstly, rapid urbanization and population growth in countries like China, India, and Japan have led to increased demand for efficient transportation infrastructure. Governments in these countries are actively investing in the development of road networks and toll systems to address growing traffic congestion and enhance mobility. Secondly, the Asia Pacific region is witnessing a surge in economic development and disposable income levels, leading to higher vehicle ownership and usage rates. As a result, there is a greater need for streamlined toll collection processes to accommodate the expanding volume of vehicles traversing toll roads and bridges.
- Moreover, technological advancements and government initiatives further bolster the growth of the ETC market in the Asia Pacific. Many countries in the region are embracing digitalization and adopting innovative solutions to modernize their transportation systems. Governments are rolling out initiatives to promote electronic payments and discourage cash transactions, driving the adoption of ETC technologies.
Active Key Players in the Electronic Toll Collection (ETC) Market
- Abertis (Spain)
- Sanef (France)
- Atlantia S.p.A (Italy)
- Conduent Inc. (United States)
- Cubic Corporation (USA)
- Denso Corporation (Japan)
- EFKON GMBH (Austria)
- International Road Dynamics Inc. (Canada)
- Kapsch TrafficCom AG (USA)
- Neology Inc. (Austria)
- Q-Free ASA (Norway)
- Raytheon Company (USA)
- Siemens AG (Germany)
- Transcore (USA)
- Thales Group (France), Other Key Players
Key Industry Developments in the Electronic Toll Collection (ETC) Market:
- In July 2023, Axxès, a prominent European provider of electronic toll services, boasts over 300,000 equipped vehicles and over 40,000 clients. Axxès has become a member of the Avanci Aftermarket program, which Avanci describes as an independent pioneer in streamlining the process of technology sharing. Over forty patent proprietors have licensed their 4G, 3G, and 2G key patents via the program, which Avanci Aftermarket utilizes to grant licenses for connected products installed in vehicles after their initial auction. Being a licensee will grant Axxès expedient and effortless access to wireless patents, which will stimulate advancements in the European interoperable/electronic toll collection industry.
- In May 2023, The Pennsylvania Turnpike initiated development of its computerized, contactless toll collection system. According to the Pennsylvania Turnpike Commission, the new toll collection system utilizes open-road tolling, which is a contactless and unrestricted method. Highway limits will be maintained by vehicles equipped with E-ZPass transponder and Toll By Plate payment acceptance technology. Open-road tolling, as stated by the Turnpike Commission, offers environmental benefits and ensures the safety of both vehicles and personnel. The commission asserts that the installation process for interchanges will be simplified and reduced in cost. The decision will save $75 million annually, per the commission. Nineteen gantries are currently being constructed along the Northeast Extension, extending from the Reading junction to the New Jersey border.
Global Electronic Toll Collection (ETC) Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.5 Bn. |
Forecast Period 2024-32 CAGR: |
7.2 % |
Market Size in 2032: |
USD 19.6 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- SEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- ELECTRONIC TOLL COLLECTION (ETC) MARKET BY TYPE (2017-2032)
- ELECTRONIC TOLL COLLECTION (ETC) MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- VEHICLE AUTOMATIC UNDERSTANDING SYSTEM
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- SHORT RANGE COMMUNICATION
- GLOBAL POSITION FINDING SATELLITE SYSTEM
- ELECTRONIC TOLL COLLECTION (ETC) MARKET BY APPLICATION (2017-2032)
- ELECTRONIC TOLL COLLECTION (ETC) MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- HIGHWAY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- URBAN
- BRIDGE
- OTHERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Benchmarking
- ELECTRONIC TOLL COLLECTION (ETC) Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ABERTIS (SPAIN)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- SANEF (FRANCE)
- ATLANTIA S.P.A (ITALY)
- CONDUENT INC. (UNITED STATES)
- CUBIC CORPORATION (USA)
- DENSO CORPORATION (JAPAN)
- EFKON GMBH (AUSTRIA)
- INTERNATIONAL ROAD DYNAMICS INC. (CANADA)
- KAPSCH TRAFFICCOM AG (USA)
- NEOLOGY INC. (AUSTRIA)
- Q-FREE ASA (NORWAY)
- RAYTHEON COMPANY (USA)
- SIEMENS AG (GERMANY)
- TRANSCORE (USA)
- THALES GROUP (FRANCE)
- COMPETITIVE LANDSCAPE
- GLOBAL ELECTRONIC TOLL COLLECTION (ETC) MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Electronic Toll Collection (ETC) Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.5 Bn. |
Forecast Period 2024-32 CAGR: |
7.2 % |
Market Size in 2032: |
USD 19.6 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRONIC TOLL COLLERCTION (ECT) MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRONIC TOLL COLLERCTION (ECT) MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRONIC TOLL COLLERCTION (ECT) MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRONIC TOLL COLLERCTION (ECT) MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRONIC TOLL COLLERCTION (ECT) MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRONIC TOLL COLLERCTION (ECT) MARKET BY TYPE
TABLE 008. AUTOMATIC VEHICLE IDENTIFICATION (AVI) MARKET OVERVIEW (2016-2028)
TABLE 009. AUTOMATIC VEHICLE CLASSIFICATION (AVC) MARKET OVERVIEW (2016-2028)
TABLE 010. BACK OFFICE AND INTEGRATION MARKET OVERVIEW (2016-2028)
TABLE 011. AND VIOLATION ENFORCEMENT SYSTEM (VES) MARKET OVERVIEW (2016-2028)
TABLE 012. ELECTRONIC TOLL COLLERCTION (ECT) MARKET BY APPLICATION
TABLE 013. APPLICATION A MARKET OVERVIEW (2016-2028)
TABLE 014. APPLICATION B MARKET OVERVIEW (2016-2028)
TABLE 015. APPLICATION C MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY TYPE (2016-2028)
TABLE 017. NORTH AMERICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY APPLICATION (2016-2028)
TABLE 018. N ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY TYPE (2016-2028)
TABLE 020. EUROPE ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY APPLICATION (2016-2028)
TABLE 021. ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY TYPE (2016-2028)
TABLE 023. ASIA PACIFIC ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY APPLICATION (2016-2028)
TABLE 024. ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY TYPE (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY APPLICATION (2016-2028)
TABLE 027. ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY TYPE (2016-2028)
TABLE 029. SOUTH AMERICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY APPLICATION (2016-2028)
TABLE 030. ELECTRONIC TOLL COLLERCTION (ECT) MARKET, BY COUNTRY (2016-2028)
TABLE 031. 3M (US): SNAPSHOT
TABLE 032. 3M (US): BUSINESS PERFORMANCE
TABLE 033. 3M (US): PRODUCT PORTFOLIO
TABLE 034. 3M (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. CONDUENT BUSINESS SERVICES: SNAPSHOT
TABLE 035. CONDUENT BUSINESS SERVICES: BUSINESS PERFORMANCE
TABLE 036. CONDUENT BUSINESS SERVICES: PRODUCT PORTFOLIO
TABLE 037. CONDUENT BUSINESS SERVICES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. Q-FREE (NORWAY): SNAPSHOT
TABLE 038. Q-FREE (NORWAY): BUSINESS PERFORMANCE
TABLE 039. Q-FREE (NORWAY): PRODUCT PORTFOLIO
TABLE 040. Q-FREE (NORWAY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. CUBIC TRANSPORTATION SYSTEMS (US): SNAPSHOT
TABLE 041. CUBIC TRANSPORTATION SYSTEMS (US): BUSINESS PERFORMANCE
TABLE 042. CUBIC TRANSPORTATION SYSTEMS (US): PRODUCT PORTFOLIO
TABLE 043. CUBIC TRANSPORTATION SYSTEMS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. SIEMENS (GERMANY): SNAPSHOT
TABLE 044. SIEMENS (GERMANY): BUSINESS PERFORMANCE
TABLE 045. SIEMENS (GERMANY): PRODUCT PORTFOLIO
TABLE 046. SIEMENS (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. THALES (FRANCE): SNAPSHOT
TABLE 047. THALES (FRANCE): BUSINESS PERFORMANCE
TABLE 048. THALES (FRANCE): PRODUCT PORTFOLIO
TABLE 049. THALES (FRANCE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. TRANSURBAN (AUSTRALIA): SNAPSHOT
TABLE 050. TRANSURBAN (AUSTRALIA): BUSINESS PERFORMANCE
TABLE 051. TRANSURBAN (AUSTRALIA): PRODUCT PORTFOLIO
TABLE 052. TRANSURBAN (AUSTRALIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. INTERNATIONAL ROAD DYNAMICS (CANADA): SNAPSHOT
TABLE 053. INTERNATIONAL ROAD DYNAMICS (CANADA): BUSINESS PERFORMANCE
TABLE 054. INTERNATIONAL ROAD DYNAMICS (CANADA): PRODUCT PORTFOLIO
TABLE 055. INTERNATIONAL ROAD DYNAMICS (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. RAYTHEON (US): SNAPSHOT
TABLE 056. RAYTHEON (US): BUSINESS PERFORMANCE
TABLE 057. RAYTHEON (US): PRODUCT PORTFOLIO
TABLE 058. RAYTHEON (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. THE REVENUE MARKETS (US): SNAPSHOT
TABLE 059. THE REVENUE MARKETS (US): BUSINESS PERFORMANCE
TABLE 060. THE REVENUE MARKETS (US): PRODUCT PORTFOLIO
TABLE 061. THE REVENUE MARKETS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. SCHNEIDER ELECTRIC (FRANCE): SNAPSHOT
TABLE 062. SCHNEIDER ELECTRIC (FRANCE): BUSINESS PERFORMANCE
TABLE 063. SCHNEIDER ELECTRIC (FRANCE): PRODUCT PORTFOLIO
TABLE 064. SCHNEIDER ELECTRIC (FRANCE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. TOLL COLLECT (GERMANY): SNAPSHOT
TABLE 065. TOLL COLLECT (GERMANY): BUSINESS PERFORMANCE
TABLE 066. TOLL COLLECT (GERMANY): PRODUCT PORTFOLIO
TABLE 067. TOLL COLLECT (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. PERCEPTICS (US): SNAPSHOT
TABLE 068. PERCEPTICS (US): BUSINESS PERFORMANCE
TABLE 069. PERCEPTICS (US): PRODUCT PORTFOLIO
TABLE 070. PERCEPTICS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. TRANSCORE (US): SNAPSHOT
TABLE 071. TRANSCORE (US): BUSINESS PERFORMANCE
TABLE 072. TRANSCORE (US): PRODUCT PORTFOLIO
TABLE 073. TRANSCORE (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. FAR EASTERN ELECTRONIC TOLL COLLECTION (TAIWAN): SNAPSHOT
TABLE 074. FAR EASTERN ELECTRONIC TOLL COLLECTION (TAIWAN): BUSINESS PERFORMANCE
TABLE 075. FAR EASTERN ELECTRONIC TOLL COLLECTION (TAIWAN): PRODUCT PORTFOLIO
TABLE 076. FAR EASTERN ELECTRONIC TOLL COLLECTION (TAIWAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRONIC TOLL COLLERCTION (ECT) MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRONIC TOLL COLLERCTION (ECT) MARKET OVERVIEW BY TYPE
FIGURE 012. AUTOMATIC VEHICLE IDENTIFICATION (AVI) MARKET OVERVIEW (2016-2028)
FIGURE 013. AUTOMATIC VEHICLE CLASSIFICATION (AVC) MARKET OVERVIEW (2016-2028)
FIGURE 014. BACK OFFICE AND INTEGRATION MARKET OVERVIEW (2016-2028)
FIGURE 015. AND VIOLATION ENFORCEMENT SYSTEM (VES) MARKET OVERVIEW (2016-2028)
FIGURE 016. ELECTRONIC TOLL COLLERCTION (ECT) MARKET OVERVIEW BY APPLICATION
FIGURE 017. APPLICATION A MARKET OVERVIEW (2016-2028)
FIGURE 018. APPLICATION B MARKET OVERVIEW (2016-2028)
FIGURE 019. APPLICATION C MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE ELECTRONIC TOLL COLLERCTION (ECT) MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC ELECTRONIC TOLL COLLERCTION (ECT) MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA ELECTRONIC TOLL COLLERCTION (ECT) MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Electronic Toll Collection (ETC) Market research report is 2024-2032.
Abertis (Spain), Sanef (France), Atlantia S.p.A (Italy), Conduent Inc. (United States), Cubic Corporation (USA), Denso Corporation (Japan), EFKON GMBH (Austria) and Other Major Players.
The Electronic Toll Collection (ETC) Market is segmented into Type, Application, and region. By Type, the market is categorized into Vehicle Automatic Understanding Systems, Short Range Communication, and Global Position Finding Satellite Systems. By Application, the market is categorized into Highway, Urban, Bridge, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Electronic Toll Collection (ETC) refers to a system that automatically collects tolls from vehicles using electronic technology, without requiring them to stop or slow down at toll booths. Instead of traditional cash or manual toll collection methods, ETC systems typically use radio frequency identification (RFID), infrared, or other wireless communication technologies to identify vehicles and deduct tolls from prepaid accounts or electronic wallets linked to the vehicles. This technology streamlines the toll collection process, reducing traffic congestion, and improving overall transportation efficiency.
Electronic Toll Collection (ETC) Market Size Was Valued at USD 10.5 Billion in 2023, and is Projected to Reach USD 19.6 Billion by 2032, Growing at a CAGR of 7.2% From 2024-2032.