Global Electronic Toll Collection Market is valued at approximately USD 6.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 8.00 % over the forecast period 2021-2027. Electronic toll collection (ETC) is a wireless system that automatically collects the toll charged to vehicles using toll roads, HOV lanes, toll bridges, and toll tunnels. It is a faster alternative which is replacing toll booths, where vehicles must stop and the driver manually pays the toll with cash or a card. Government initiatives to support digitalization, rising highway development has led to the adoption of Electronic Toll Collection across the forecast period. For Instance: As per the National Conference, investors and other stakeholders with the Union Ministry of Road Transport and Highways have planned to execute infrastructure projects worth Rs. 7 lakh crores in the next 2-3 years itself. Also, with the growing PPP model, the adoption & demand for Electronic Toll Collection is likely to increase the market growth during the forecast period. However, interoperability problems impede the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Electronic Toll Collection market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to having the most vehicles per person and the largest networks of interstate and state highways. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as strong government initiatives to introduce and promote the use of electronic toll collection systems, rapid urbanization would create lucrative growth prospects for the Electronic Toll Collection market across Asia-Pacific region.

Major market players included in this report are:
Feig Electronics (Germany)
Kapsch TrafficCom (Austria)
Conduent, Inc. (US)
EFKON GmbH (Germany)
TransCore (US)
Thales Group (France)
Raytheon Technology Corporation (US)
Cubic Corporation (US)
Siemens AG (Germany)
Neology Inc. (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Transponder-/Tag-based Tolling Systems
Other Tolling Systems
By Technology:
RFID
DSRC
Others (GPS, GNSS, ANPR etc.)
By Application:
Highways
Urban Areas
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Electronic Toll Collection Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Feig Electronics (Germany)
Kapsch TrafficCom (Austria)
Conduent, Inc. (US)
EFKON GmbH (Germany)
TransCore (US)
Thales Group (France)
Raytheon Technology Corporation (US)
Cubic Corporation (US)
Siemens AG (Germany)
Neology Inc. (US)