Electronic Toll Collection Market Report 2026

The electronic toll collection market size has grown strongly in recent years. It will grow from $9.51 billion in 2025 to $10.43 billion in 2026 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to highway infrastructure expansion, manual toll inefficiencies, urban traffic growth, early rfid adoption, government digitization initiatives.

The electronic toll collection market size is expected to see strong growth in the next few years. It will grow to $14.3 billion in 2030 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to smart transportation investments, connected vehicle integration, nationwide electronic toll mandates, demand for congestion reduction, mobility-as-a-service growth. Major trends in the forecast period include expansion of cashless tolling systems, adoption of multi-lane free flow, integration with smart city platforms, growth of gnss-based tolling, demand for traffic decongestion.

Increasing highway traffic is expected to propel the growth of the electronic toll collection market going forward. Highway traffic, influenced by congestion, vehicle volume, and transportation demand, has been rising due to poor urban planning, roadway expansion, and phantom traffic jams. Traditional toll booths often cause delays during peak hours, leading to congestion and longer travel times. Electronic toll collection enables vehicles to pass through tolling points without stopping or slowing down, improving efficiency, reducing travel times, and increasing highway throughput. For instance, in May 2024, according to gov.UK, car and taxi traffic in Great Britain rose by 3% in 2023 compared to 2022, reaching 251.3 billion vehicle miles. Therefore, rising highway traffic is driving the growth of the electronic toll collection market.

Major companies in the electronic toll collection market are developing solutions like ‘One Vehicle, One FASTag’ to enhance system efficiency. In January 2024, the National Highways Authority of India (NHAI) launched this initiative to ensure seamless movement at toll plazas, discouraging the use of a single FASTag for multiple vehicles and requiring FASTag users to update their KYC details in accordance with Reserve Bank of India regulations. This approach is expected to streamline toll operations and improve the driving experience on national highways.

In May 2024, ITIS Holding, a Czech Republic-based investment company, acquired VITRONIC Group, a Germany-based technology firm specializing in electronic toll collection, intelligent transportation systems, and traffic enforcement solutions. The acquisition enables ITIS to strengthen its electronic toll collection capabilities by integrating VITRONIC’s machine-vision-based tolling and automation technologies with ITIS’s satellite-based tolling platform.

Major companies operating in the electronic toll collection market report include Thales Group, Mitsubishi Heavy Industries Ltd, Siemens Mobility, Conduent Inc, TransCore, Cubic Corporation, SKIDATA GmbH, VITRONIC, Kapsch TrafficCom, Neology Inc, Sensys Gatso Group, Q-Free ASA, EFKON AG, Star Systems International Ltd, Far Eastern Electronic Toll Collection Co. Ltd, Perceptics LLC, TagMaster, GeoToll Inc, Watchdata Technologies, Korea Smart Card Co. Ltd, Electronic Transaction Consultants LLC.

North America was the largest region in the electronic toll collection market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic toll collection market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic toll collection market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electronic toll collection market consists of revenues earned by entities by providing services such as toll collection systems, transponder distribution, account management, data management and analytics, security services. The market value includes the value of related goods sold by the service provider or included within the service offering. The electronic toll collection market also includes sales of reader antennas, lane control equipment, maintenance and diagnostic tools, toll booth equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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