Global Market for Electronic Toll Collection is Anticipated to grow at a Significant Pace i.e., USD 14 Billion during the Forecast Period 2025 - 2030

Published Date: Mar, 2024

The global electronic toll collection market are expected to grow at a CAGR of 7.9% during 2025-2030. The increased adoption of digital technologies in transportation infrastructure, increased demand for cashless travel facility, rise in demand for transportation infrastructure safety and efficiency, technological improvements in the industry, such as GNSS and GPS technology, and government attempts to encourage collection are all driving the electronic toll collection market forward. The electronic toll collection market is influenced by increased investment in toll lanes, the implementation of government new norms and laws surrounding the installation of these systems and tolling, and the convenience and flexibility of cashless payments. Furthermore, the electronic toll collecting market benefits from a high rate of acceptance due to effective solutions for reducing traffic congestion, accidents, and pollution, increased urbanization, improved transportation infrastructure. Electronic toll collecting systems help the environment by reducing the number of emissions generated by vehicles when they start up and stop at manual toll booths. As a result, the electronic toll collecting system is a viable solution for reducing pollution as well as a viable option for maintaining highway lanes during rush hours or any ongoing maintenance activities.

The electronic toll collection (ETC) market refers to the industry that provides automated systems for collecting tolls or fees on highways, bridges, tunnels, and other roadways. ETC systems utilize advanced technologies to enable electronic payment and eliminate the need for manual toll collection, reducing traffic congestion and improving overall efficiency in transportation infrastructure.

Here are key components and technologies involved in the electronic toll collection market:

Toll Collection Systems: These systems consist of various components such as toll booths, gantries, sensors, cameras, and communication devices. They are responsible for detecting and identifying vehicles, capturing toll transactions, and transmitting data to the back-end system.

Radio Frequency Identification (RFID): RFID tags or transponders are affixed to vehicles and communicate with ETC systems using radio waves. When a vehicle with an RFID tag passes through a tolling point, the system reads the tag information, deducts the toll amount from the associated account, and records the transaction.

Dedicated Short-Range Communications (DSRC): DSRC technology enables communication between the vehicle's onboard unit (OBU) and the roadside infrastructure. It allows for secure and fast data exchange for toll collection purposes.

Global Navigation Satellite System (GNSS): GNSS technology, such as GPS, is used to determine the location of vehicles accurately. It can be integrated into ETC systems to facilitate precise vehicle identification and toll calculation.

Back-End Management System: This comprises the central infrastructure that manages the entire ETC system. It includes transaction processing, account management, customer service, reporting, and integration with financial systems.

Mobile and Account-Based Systems: Mobile apps and account-based systems allow drivers to link their payment accounts to their vehicles or smartphones. This enables seamless toll payment and account management, eliminating the need for physical tags or transponders.

Open Road Tolling (ORT): ORT systems use advanced sensors and cameras to capture vehicle information without requiring them to stop at toll booths or gantries. These systems enable non-stop, high-speed toll collection, reducing congestion and improving traffic flow.

The electronic toll collection market is anticipated to grow post-COVID-19 crisis owing to increased social distancing measures and contactless fell collection which will lead to the growth of the electronic toll collection market.

Browse 74 market data Tables and 45 Figures spread through 200 Pages and in-depth TOC on " Electronic Toll Collection Market by Type (Transponder-/Tag-based Tolling Systems and Other Tolling Systems), by Sub-System Type (Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), Automatic Vehicle Identification System (AVIS), and Others), by Payment Method (Prepaid, Hybrid, and Postpaid), by Technology (Radio-frequency Identification (RFID), Dedicated Short-range communication (DSRC), Infrared, GNSS & GPS, and Video Analytics), by Application (Highways, Bridges, and Urban Areas), and Region - Global Forecast to 2030"

By Application, the highways is anticipated to have the largest market share during the forecast period.

The implementation of electronic toll collecting for highways is driving the industry, especially in emerging nations. Strong government initiatives are projected to add electronic toll collection options to existing toll plazas on highways, resulting in massive growth prospects for the ETC market for highway applications. When it comes to collecting tolls on highways, tunnels, and bridges, ETC systems are critical. High-speed traffic is common on highways, and traffic congestion can result in severe accidents and harmful gas emissions. Governments all over the world are focusing on deploying electronic toll collecting systems on highways in order to assure safety and maintain the free flow of traffic.

Global Electronic Toll Collection Market Segmentation and Key Players

Segment / Key Players

Categorization

Product

Wearable Devices (Smartwatches and Bands and Others) and Non-Wearable Devices (Sleep Monitors, Beds, and Others)

Gender

Males (<18, 18-36, 37-55, >55) and Females (<18, 18-36, 37-55, >55)

Application

Insomnia, Obstructive Sleep Apnea, Environmental Sleep Disorders, and Others

Distribution Channel

Specialty Clinics, Direct-to-Consumers, Hospitals, and Others

Key Players

Kapsch TrafficCom AG, Conduent Business Services, LLC, EFKON GmbH, Thales Group, Raytheon Technologies Corporation, TransCore, Siemens, Cubic Corporation, Neology Inc., FEIG ELECTRONIC, and Toshiba Infrastructure Systems & Solutions Corporation.

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“North America dominates the Electronic Toll Collection market during 2025-2030.”

North America contributes the largest share of the electronic toll collection market because of the enormous number of vehicles, the largest networks of interstate and state highways, the installation of modern toll collection systems, and various ongoing toll installation projects.

Some of the major players in the global Electronic Toll Collection market include Kapsch TrafficCom AG, Conduent Business Services, LLC, EFKON GmbH, Thales Group, Raytheon Technologies Corporation, TransCore, Siemens, Cubic Corporation, Neology Inc., FEIG ELECTRONIC, ad Toshiba Infrastructure Systems & Solutions Corporation.

Global Electronic Toll Collection Market Coverage

Type Insight and Forecast 2025-2030

  • Transponder-/Tag-based Tolling Systems
  • Other Tolling Systems

Sub-System Type Insight and Forecast 2025-2030

  • Automatic Vehicle Classification (AVC)
  • Violation Enforcement System (VES)
  • Automatic Vehicle Identification System (AVIS)
  • Others

Payment Method Insight and Forecast 2025-2030

  • Prepaid
  • Hybrid
  • Postpaid

Technology Insight and Forecast 2025-2030

  • Radio-frequency Identification (RFID)
  • Dedicated Short-range communication (DSRC)
  • Infrared
  • GNSS & GPS
  • Video Analytics

Application Insight and Forecast 2025-2030

  • Highway
  • Bridges
  • Urban Areas

Geographical Segmentation

Electronic Toll Collection Market by Region

North America

  • By Type
  • By Sub-System Type
  • By Payment Method
  • By Technology
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By Sub-System Type
  • By Payment Method
  • By Technology
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Sub-System Type
  • By Payment Method
  • By Technology
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Sub-System Type
  • By Payment Method
  • By Technology
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries