Market Insights and Analysis: Electronic Toll Collection Market Overview and Projections (2024-2030)
The Global Electronic Toll Collection Market size was valued at around USD 10.08 billion in 2024 & is estimated to grow at a CAGR of around 8.9% during the forecast period, i.e., 2024-30.
Top leading companies in the Electronic Toll Collection Market includes:
Kapsch TrafficCom AG, Neology, Conduent, Inc., Efkon Gmbh, TransCore, Thales, Cubic Corporation, Siemens, Infineon Technologies Ag, Feig Electronic, Toshiba Corporation, Mitsubishi Heavy Industries, Ltd., Quarterhill Inc., Perceptics, Llc, Star Systems International Ltd., Others
Industry Recent Development:
- January 2024: Neology engages in a contract with the Humber Bridge Board (HBB) in the UK, tasked with overseeing the management and upkeep of the Humber Bridge. Neology is in charge of providing the HBB with a complete electronic toll-collecting system that includes backend operations, roadside infrastructure, and website and mobile application solutions.
- November 2023: Kapsch TrafficCom AG collaborated with Exeger Operations AB (Sweden) to pioneer a ground-breaking solar cell innovation named Powerfoyle, specifically tailored for self-charging, eco-conscious communication solutions in electronic toll collection.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Transponders/Tag-based Tolling Systems
-Others
By Payment Mode
-Prepaid Pay Tolls
-Post-Paid Pay Tolls
By Technology
-Radio-Frequency Identification (RFID)
-Dedicated Short-Range Communication (DSRC)
-Others
By Offering
-Hardware
-Back Office
-Other Services
- The hardware segment within the electronic toll collection (ETC) industry is poised for substantial growth and is anticipated to maintain the highest growth rate over the forecast period.
By Application
-Highways
-Urban Areas
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Electronic Toll Collection Market Geographic Reach:
The Geographic Reach of the Electronic Toll Collection Market evaluates the spread and significance of Electronic Toll Collection market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
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