The global market for Electronic Toll Collection (ETC) Systems is estimated at US$10.0 Billion in 2023 and is projected to reach US$17.7 Billion by 2030, growing at a CAGR of 8.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have played a crucial role in the evolution of ETC systems. RFID technology, widely used in ETC, enables quick and accurate vehicle identification and toll deduction. The integration of GPS/GNSS has further expanded the capabilities of ETC systems, allowing for distance-based tolling and real-time traffic monitoring. Video tolling, which uses advanced camera systems and license plate recognition technology, provides an alternative for vehicles without electronic tags, ensuring that all vehicles are accounted for. Additionally, the development of interoperable ETC systems, which allow seamless toll payments across different regions and operators, has greatly enhanced the convenience and usability of these systems. Innovations in data analytics and mobile payment solutions have also contributed to the sophistication and user-friendliness of ETC systems, making them more accessible to a broader audience.
Technological advancements have played a crucial role in the evolution of ETC systems. RFID technology, widely used in ETC, enables quick and accurate vehicle identification and toll deduction. The integration of GPS/GNSS has further expanded the capabilities of ETC systems, allowing for distance-based tolling and real-time traffic monitoring. Video tolling, which uses advanced camera systems and license plate recognition technology, provides an alternative for vehicles without electronic tags, ensuring that all vehicles are accounted for. Additionally, the development of interoperable ETC systems, which allow seamless toll payments across different regions and operators, has greatly enhanced the convenience and usability of these systems. Innovations in data analytics and mobile payment solutions have also contributed to the sophistication and user-friendliness of ETC systems, making them more accessible to a broader audience.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Highways Application segment, which is expected to reach US$13.4 Billion by 2030 with a CAGR of a 9.0%. The Urban Areas Application segment is also set to grow at 7.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.4 Billion in 2023, and China, forecasted to grow at an impressive 10.0% CAGR to reach $2.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Electronic Toll Collection (ETC) Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Electronic Toll Collection (ETC) Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Electronic Toll Collection (ETC) Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Abertis, Sanef, Atlantia S.p.A, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 77 Featured):
- Abertis
- Sanef
- Atlantia S.p.A
- Conduent, Inc.
- Cubic® Transportation Systems, Inc.
- DENSO Corporation
- Efkon Gmbh
- Far Eastern Electronic Toll Collection Co., Ltd. (FETC)
- G.E.A.
- GeoToll
- International Road Dynamics Inc.
- Kapsch Trafficcom AG
- Magnetic Autocontrol GmbH
- Neology, Inc.
- Perceptics LLC
- Q-Free ASA
- Siemens AG
- Star Systems International Ltd.
- Thales Group
- Toll Collect GmbH
- Toshiba Corporation
- TransCore
- TRMI Systems Integration
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Abertis
- Sanef
- Atlantia S.p.A
- Conduent, Inc.
- Cubic® Transportation Systems, Inc.
- DENSO Corporation
- Efkon Gmbh
- Far Eastern Electronic Toll Collection Co., Ltd. (FETC)
- G.E.A.
- GeoToll
- International Road Dynamics Inc.
- Kapsch Trafficcom AG
- Magnetic Autocontrol GmbH
- Neology, Inc.
- Perceptics LLC
- Q-Free ASA
- Siemens AG
- Star Systems International Ltd.
- Thales Group
- Toll Collect GmbH
- Toshiba Corporation
- TransCore
- TRMI Systems Integration
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 410 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10 Billion |
| Forecasted Market Value ( USD | $ 17.7 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
