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| Report Code: A00642 | Aug 2018 | Pages: 465 | ||
| Tables: 93 | Charts: 70 |
| |
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Request Now !Electronic Toll Collection Market size was valued at $6,855.5 million in 2017, and is projected to reach at $15,648.2 million by 2025, growing at a CAGR of 10.7% from 2018 to 2025. Electronic toll collection (ETC) system is a high-end technology, which is meant for automatic toll collection without requiring the driver to stop. It uses latest technological solutions, such as DSRC, GPS & GNSS toll collection and tracking solutions, and video analytics to efficiently manage traffic in highly congested areas, thereby easing the toll collection process.
The growth of the global electronic toll collection market is driven by upsurge in demand for safety and efficiency of transportation infrastructure. Moreover, technological advancements in this industry, such as GNSS and GPS technology adopted by Japan in their electronic toll collection systems, have enforced governments across the globe to make heavy investments on toll lanes, which fuel the electronic toll collection market growth. Furthermore, government support in framing new standards and regulations regarding the implementation of these systems and tolling has propelled the industry growth.
Electronic toll collection system serves as an economical alternative to a staffed booth, as it reduces transactional costs for government agencies. For instance, in February 2017, intelligent highway toll collection technology was developed for Taiwan, offering potential for export across Europe and Asia. Far Eastern Electronic Toll Collection Company (FETC) achieved the build operate transfer (BOT) project for ITS traffic management; it turns the traditional highway toll collection system into an integrated intelligent electronic toll collection (ETC) system for mobility management. With approximately 1.5 million daily vehicle trips and an average saving of 15 minutes/vehicle trip, the total savings of traffic time is estimated at 22.5 million minutes daily and carbon savings of 572,000 tons of CO2.
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The electronic toll collection (ETC) market has witnessed substantial growth in recent years, driven by increase in need for efficient & seamless toll collection systems. ETC systems utilize advanced technologies, such as radio frequency identification (RFID) and dedicated short-range communication (DSRC), to enable automatic toll collection without the need for manual transactions.
The ETC market is experiencing several notable trends. The adoption of cashless tolling systems is increasing, as they offer convenience, reduce traffic congestion, and enhance overall road safety. The integration of ETC systems with vehicle telematics and navigation systems is simultaneously gaining traction, providing users with real-time traffic information and route optimization. Moreover, the emergence of interoperable ETC systems allows drivers to use a single transponder or account for multiple toll roads & bridges, simplifying the tolling experience.
Further, governments and transportation authorities across the globe are recognizing the benefits of ETC systems, such as improved traffic flow, reduced fuel consumption, and lower emissions. which raises the need to modernize existing toll infrastructure and increase operational efficiency, thereby fueling the demand for ETC solutions. Furthermore, advancements in technology, including the use of mobile-based applications, are enhancing the capabilities and user experience of ETC systems.
However, high initial cost incurred in the installation along with significant operating & maintenance costs hinders the growth of the market. In addition, lack of standardization in toll collection systems and high dependency on government for approvals for electronic toll collection act as significant threats to the market growth.
On the contrary, increase in adoption of electronic toll collection systems in the developing regions and implementation of stringent government regulations toward installing electronic toll collection are anticipated to offer lucrative opportunities for market expansion.
Major players operating in the global electronic toll collection market are Kapsch Group, Thales Group, Toshiba Corporation, Raytheon, Conduent LLC, Siemens AG, TransCore LP, Cubic Transportation, Perceptics LLC, and EFKON GmbH.
Segmentation
The electronic toll collection market is segmented based on subsystem, technology, application, and region. Automated vehicle identification, automated vehicle classification and violation enforcement system and transaction processing are studied under the subsystem segment. On the basis of technology, the market is categorized into RFID, dedicated short-range communication, infrared, GNSS/GPS, and video analytics. Depending on application, it is segregated into urban and highways. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The ETC market is expected to continue its upward trajectory in the coming years. The adoption of ETC systems is increasing across regions, with Asia-Pacific anticipated to grow at a significant rate due to rapid urbanization, extensive road networks, and government initiatives to improve transportation infrastructure. Further, North America and Europe are significant contributors to the market growth, driven by the presence of well-established toll road networks and the focus on congestion management.
The need for efficient tolling systems and the benefits they offer in terms of traffic management & environmental sustainability drive the ETC market growth. As governments across the globe continue to invest in transportation infrastructure, the demand for ETC systems is expected to rise. Manufacturers and service providers should focus on developing interoperable and user-friendly ETC solutions to cater to the evolving needs of customers. With advancements in technology and supportive government initiatives, the ETC market presents substantial opportunities for growth and innovation, improving the overall efficiency of tolling operations and enhancing the public commuting experience.
Top Impacting Factors
Surge in demand for effective traffic management at toll collection center, increase in facilities of cashless travelling, high initial installation & operational cost of ETC, and increase in adoption of ETC in the developing regions are the significant factors that affect the growth of the global electronic toll collection market. These factors are anticipated to either drive or hamper the market growth.
Increase in Demand for Effective Traffic Management at Toll Collection Centers
Proper and effective traffic management ensures smooth traffic flow and saves time at the toll booth. Burgeoning traffic on national highways adds to additional congestion at toll plazas, which results in loss of time and fuel. The emerging electronic toll collection system uses technologies such as RFID with an on-board unit called tag to make toll payments directly from its linked prepaid or postpaid account. Furthermore, this system offers convenience to seamlessly pass through toll centers for payment, reducing traffic congestions. Thus, all these factors together propel the growth of the market.
High Initial Installation & Operational Cost of ETC
Electronic toll collection system is the most complex and latest means of collecting tolls. Although it has been in use for more than 20 years, the developments in ETC continue to exacerbate. The cost of implementing an ETC system varies widely depending on the scope of the project, making it difficult and expensive. In addition, the cost factor is impacted by whether the system is new or upgraded. Changes in the price range occur due the level of customized software required for business rules, back office operation, project location, and necessary signage. Such fluctuation in costs act as a major barrier for the electronic toll collection market.
Surge in Adoption of ETC in the Developing Regions
The global electronic toll collection system market is expected to show significant growth during the forecast period due to increase in demand for these systems in the developing economies such as India, China, and others. In addition, growth in urbanization and surge in population in these countries are anticipated to provide lucrative opportunities for market expansion. In addition, technological advancements, such as real-time tracking & monitoring of vehicles through GPS/GNSS, and adoption of RFID sensors in the developing regions such as Japan, China, and India play a major role in the development of the electronic toll collection market.
Electronic Toll Collection Market Report Highlights
| Aspects | Details |
|---|---|
| By Sub System Type |
|
| By Technology |
|
| By Application |
|
| By Region |
|
| Key Market Players | RAYTHEON, EFKON GMBH, TRANSCORE (ROPER TECHNOLOGIES), TOSHIBA CORPORATION, KAPSCH, PERCEPTICS, CONDUENT (XEROX CORPORATION), THALES, CUBIC TRANSPORTATION, SIEMENS AG |
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET SHARE ANALYSIS, 2017 (%)
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Rising demand for effective traffic management at toll collection center
3.5.1.2. Cashless Travelling
3.5.1.3. Reduced environmental pollution
3.5.2. Restraint
3.5.2.1. High initial installation and operational cost of electronic toll collection system
3.5.3. Opportunities
3.5.3.1. Increased adoption of ETC system in the developing regions
3.5.3.2. Stringent government regulations regarding toll collection
CHAPTER 4: ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM
4.1. OVERVIEW
4.2. AUTOMATED VEHICLE IDENTIFICATION (AVI)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. AUTOMATED VEHICLE CLASSIFICATION (AVC)
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. VIOLATION ENFORCEMENT SYSTEM
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. TRANSACTION PROCESSING
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country
CHAPTER 5: ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY
5.1. OVERVIEW
5.2. RADIO-FREQUENCY IDENTIFICATION (RFID)
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. DEDICATED SHORT RANGE COMMUNICATION (DSRC)
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region Market analysis by country
5.4. INFRARED
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. GNSS/GPS
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
5.6. VIDEO ANALYTICS
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country
CHAPTER 6: ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION
6.1. OVERVIEW
6.2. URBAN
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. HIGHWAYS
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
CHAPTER 7: ELECTRONIC TOLL COLLECTIONMARKET, BY REGION
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by subsystem
7.2.3. Market size and forecast, by technology
7.2.4. Market size and forecast, by application
7.2.5. Market analysis by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by subsystem
7.2.5.1.2. Market size and forecast, by technology
7.2.5.1.3. Market size and forecast, by application
7.2.5.2. Canada
7.2.5.2.1. Market size and forecast, by subsystem
7.2.5.2.2. Market size and forecast, by technology
7.2.5.2.3. Market size and forecast, by application
7.2.5.3. Mexico
7.2.5.3.1. Market size and forecast, by subsystem
7.2.5.3.2. Market size and forecast, by technology
7.2.5.3.3. Market size and forecast, by application
7.3. EUROPE
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by subsystem
7.3.3. Market size and forecast, by technology
7.3.4. Market size and forecast, by application
7.3.5. Market analysis by country
7.3.5.1. U.K.
7.3.5.1.1. Market size and forecast, by subsystem
7.3.5.1.2. Market size and forecast, by technology
7.3.5.1.3. Market size and forecast, by application
7.3.5.2. Germany
7.3.5.2.1. Market size and forecast, by subsystem
7.3.5.2.2. Market size and forecast, by technology
7.3.5.2.3. Market size and forecast, by application
7.3.5.3. France
7.3.5.3.1. Market size and forecast, by subsystem
7.3.5.3.2. Market size and forecast, by technology
7.3.5.3.3. Market size and forecast, by application
7.3.5.4. Italy
7.3.5.4.1. Market size and forecast, by subsystem
7.3.5.4.2. Market size and forecast, by technology
7.3.5.4.3. Market size and forecast, by application
7.3.5.5. Rest of Europe
7.3.5.5.1. Market size and forecast, by subsystem
7.3.5.5.2. Market size and forecast, by technology
7.3.5.5.3. Market size and forecast, by application
7.4. ASIA-PACIFIC
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by subsystem
7.4.3. Market size and forecast, by technology
7.4.4. Market size and forecast, by application
7.4.5. Market analysis by country
7.4.5.1. China
7.4.5.1.1. Market size and forecast, by subsystem
7.4.5.1.2. Market size and forecast, by technology
7.4.5.1.3. Market size and forecast, by application
7.4.5.2. Japan
7.4.5.2.1. Market size and forecast, by subsystem
7.4.5.2.2. Market size and forecast, by technology
7.4.5.2.3. Market size and forecast, by application
7.4.5.3. India
7.4.5.3.1. Market size and forecast, by subsystem
7.4.5.3.2. Market size and forecast, by technology
7.4.5.3.3. Market size and forecast, by application
7.4.5.4. Australia
7.4.5.4.1. Market size and forecast, by subsystem
7.4.5.4.2. Market size and forecast, by technology
7.4.5.4.3. Market size and forecast, by application
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market size and forecast, by subsystem
7.4.5.5.2. Market size and forecast, by technology
7.4.5.5.3. Market size and forecast, by application
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by subsystem
7.5.3. Market size and forecast, by technology
7.5.4. Market size and forecast, by application
7.5.5. Market analysis by country
7.5.5.1. Latin America
7.5.5.1.1. Market size and forecast, by subsystem
7.5.5.1.2. Market size and forecast, by technology
7.5.5.1.3. Market size and forecast, by application
7.5.5.2. Middle East
7.5.5.2.1. Market size and forecast, by subsystem
7.5.5.2.2. Market size and forecast, by technology
7.5.5.2.3. Market size and forecast, by application
7.5.5.3. Africa
7.5.5.3.1. Market size and forecast, by subsystem
7.5.5.3.2. Market size and forecast, by technology
7.5.5.3.3. Market size and forecast, by application
CHAPTER 8: COMPANY PROFILES
8.1. TOSHIBA CORPORATION
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. RAYTHEON
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.3. THALES
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.4. SIEMENS AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments
8.5. KAPSCH
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments
8.6. CONDUENT (XEROX CORPORATION)
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Key strategic moves and developments
8.7. CUBIC TRANSPORTATION
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments
8.8. TRANSCORE (ROPER TECHNOLOGIES)
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments
8.9. PERCEPTICS
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Product portfolio
8.10. EFKON GMBH
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Key strategic moves and developments
LIST OF TABLES
TABLE 01. GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025($MILLION)
TABLE 02. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR AVI, BY REGION 2017-2025 ($MILLION)
TABLE 03. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR AVC, BY REGION 2017-2025 ($MILLION)
TABLE 04. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR VIOLATION ENFORCEMENT SYSTEM, BY REGION 2017-2025 ($MILLION)
TABLE 05. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR TRANSACTION PROCESSING, BY REGION 2017-2025 ($MILLION)
TABLE 06. GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025($MILLION)
TABLE 07. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR RFID, BY REGION 2017-2025 ($MILLION)
TABLE 08. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR DSRC, BY REGION 2017-2025 ($MILLION)
TABLE 09. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR GNSS/GPS, BY REGION 2017-2025 ($MILLION)
TABLE 10. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR INFRARED, BY REGION 2017-2025 ($MILLION)
TABLE 11. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR VIDEO ANALYTICS, BY REGION 2017-2025 ($MILLION)
TABLE 12. GLOBAL ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025($MILLION)
TABLE 13. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR URBAN, BY REGION 2017-2025 ($MILLION)
TABLE 14. ELECTRONIC TOLL COLLECTION MARKET REVENUE FOR HIGHWAYS, BY REGION 2017-2025 ($MILLION)
TABLE 15. NORTH AMERICAN ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 16. NORTH AMERICAN ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 17. NORTH AMERICAN ELECTRONIC TOLL COLLECTIONMARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 18. U. S. ELECTRONIC TOLL COLLECTIONMARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 19. U. S. ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 20. U. S. ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 21. CANADA ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 22. CANADA ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 23. CANADA ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 24. MEXICO ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 25. MEXICO ELECTRONIC TOLL COLLECTIONMARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 26. MEXICO ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 27. EUROPEAN ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 28. EUROPEAN ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 29. EUROPEAN ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 30. U.K. ELECTRONIC TOLL COLLECTIONMARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 31. U.K. ELECTRONIC TOLL COLLECTIONMARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 32. U.K. ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 33. GERMANY ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 34. GERMANY ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 35. GERMANY ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 36. FRANCE ELECTRONIC TOLL COLLECTIONMARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 37. FRANCE ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 38. FRANCE ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 39. FRANCE ELECTRONIC TOLL COLLECTIONMARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 40. FRANCE ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 41. FRANCE ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 42. REST OF EUROPE ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 43. REST OF EUROPE ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 44. REST OF EUROPE ELECTRONIC TOLL COLLECTIONMARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 45. ASIA-PACIFIC ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 46. ASIA-PACIFIC ELECTRONIC TOLL COLLECTIONMARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 47. ASIA-PACIFIC ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 48. CHINA ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 49. CHINA ELECTRONIC TOLL COLLECTIONMARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 50. CHINA ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 51. JAPAN ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 52. JAPAN ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 53. JAPAN ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 54. INDIA ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 55. INDIA ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 56. INDIA ELECTRONIC TOLL COLLECTIONMARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 57. AUSTRALIA ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 58. AUSTRALIA ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 59. AUSTRALIA ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 60. REST OF ASIA-PACIFIC ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 61. REST OF ASIA-PACIFIC ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 62. REST OF ASIA-PACIFIC ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 63. LAMEA ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 64. LAMEA ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 65. LAMEA ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 66. LATIN AMERICA ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 67. LATIN AMERICA ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 68. LATIN AMERICA ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 69. MIDDLE EAST ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 70. MIDDLE EAST ELECTRONIC TOLL COLLECTIONMARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 71. MIDDLE EAST ELECTRONIC TOLL COLLECTION MARKET, BY APPLICATION, 2017-2025 ($MILLION)
TABLE 72. AFRICA ELECTRONIC TOLL COLLECTION MARKET, BY SUBSYSTEM, 2017-2025 ($MILLION)
TABLE 73. AFRICA ELECTRONIC TOLL COLLECTION MARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 74. AFRICA ELECTRONIC TOLL COLLECTIONMARKET, BY TECHNOLOGY, 2017-2025 ($MILLION)
TABLE 75. TOSHIBA: COMPANY SNAPSHOT
TABLE 76. TOSHIBA: OPERATING SEGMENTS
TABLE 77. RAYTHEON: COMPANY SNAPSHOT
TABLE 78. RAYTHEON: OPERATING SEGMENTS
TABLE 79. COMPANY SNAPSHOT
TABLE 80. THALES: BY PRODUCT LINE
TABLE 81. SIEMENS AG: COMPANY SNAPSHOT
TABLE 82. SIEMENS AG: OPERATING SEGMENTS
TABLE 83. KAPSCH: COMPANY SNAPSHOT
TABLE 84. KAPSCH: OPERATING SEGMENTS
TABLE 85. XEROX: COMPANY SNAPSHOT
TABLE 86. CUBIC TRANSPORTATION: COMPANY SNAPSHOT
TABLE 87. CUBIC TRANSPORTATION: OPERATING SEGMENTS
TABLE 88. ROPERS TECHNOLOGY: COMPANY SNAPSHOT
TABLE 89. TRANSCORE : OPERATING SEGMENTS
TABLE 90. PERCEPTICS: COMPANY SNAPSHOT
TABLE 91. PERCEPTICS : PRODUCT PORTFOLIO
TABLE 92. EFKON GMBH: COMPANY SNAPSHOT
TABLE 93. EFKON GMBH : PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2018*
FIGURE 07. TOP WINNING STRATEGIES, BY COMPANY, 2014-2018*
FIGURE 08. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10. MODERATE THREAT OF SUBSTITUTES
FIGURE 11. HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 12. HIGH-TO-MODERATE BARGAINING POWER OF BUYERS
FIGURE 13. MARKET SHARE ANALYSIS (2017)
FIGURE 14. GLOBAL ELECTRONIC TOLL COLLECTION MARKET SHARE, BY SUBSYSTEM, 2017-2025 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR AVI, BY COUNTRY, 2017 & 2025 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR AVC, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR VIOLATION ENFORCEMENT SYSTEM, BY COUNTRY, 2017 & 2025 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR TRANSACTION PROCESSING, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19. GLOBAL ELECTRONIC TOLL COLLECTION MARKET SHARE, BY TECHNOLOGY, 2017-2025 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR RFID, BY COUNTRY, 2017 & 2025 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR DSRC, BY COUNTRY, 2017 & 2025 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR GNSS/GPS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR GNSS/GPS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR VIDEO ANALYTICS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 25. GLOBAL ELECTRONIC TOLL COLLECTIONMARKET SHARE, BY APPLICATION, 2017-2025 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR URBAN, BY COUNTRY, 2017 & 2025 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET FOR HIGHWAYS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 28. ELECTRONIC TOLL COLLECTION MARKET, BY REGION, 2017-2025 (%)
FIGURE 29. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2017-2025 (%)
FIGURE 30. U. S. ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 31. CANADA ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 32. MEXICO ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 33. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2017-2025 (%)
FIGURE 34. U.K. ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 35. GERMANY ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 36. FRANCE ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 37. FRANCE ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 38. REST OF EUROPE ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 39. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2017-2025 (%)
FIGURE 40. CHINA ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 41. JAPAN ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 42. INDIA ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 43. AUSTRALIA ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 44. REST OF ASIA-PACIFIC ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 45. COMPARATIVE SHARE ANALYSIS OF ELECTRONIC TOLL COLLECTION MARKET, BY COUNTRY, 2017-2025 (%)
FIGURE 46. LATIN AMERICA ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 47. MIDDLE EAST ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 48. AFRICA ELECTRONIC TOLL COLLECTION MARKET, 2017-2025 ($MILLION)
FIGURE 49. TOSHIBA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 50. TOSHIBA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 51. RAYTHEON: NET SALES, 2015-2017 ($MILLION)
FIGURE 52. RAYTHEON: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 53. RAYTHEON: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 54. THALES: NET SALES, 2015-2017 ($MILLION)
FIGURE 55. THALES: REVENUE SHARE BY PRODUCT, 2017 (%)
FIGURE 56. THALES: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 57. SIEMENS AG: NET SALES, 2015-2017 ($MILLION)
FIGURE 58. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 59. SIEMENS AG: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 60. KAPSCH :NET SALES, 2015-2017 ($MILLION)
FIGURE 61. KAPSCH: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 62. KAPSCH: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 63. XEROX : NET SALES, 2015-2017 ($MILLION)
FIGURE 64. XEROX: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 65. CUBIC TRANSPORTATION: NET SALES, 2015-2017 ($MILLION)
FIGURE 66. CUBIC TRANSPORTATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 67. CUBIC TRANSPORTATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 68. ROPERS TECHNOLOGY : NET SALES, 2015-2017 ($MILLION)
FIGURE 69. ROPERS TECHNOLOGY: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 70. ROPERS TECHNOLOGY: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
An electronic toll collection (ETC) system enables electronically charging a toll to an established customer account through real-time tracking and monitoring system. It allows vehicles to pass through a toll without requiring to stop at the toll center. The global electronic toll collection market is expanding rapidly to cater to the growing demands of safety and efficiency of transportation infrastructure. Technological advancements in this industry and increase in government investments on toll lanes drive the growth of the market.
The global market is expected to witness considerable growth due to high adoption of ETC systems globally. The market growth in North America is driven by increase in production of automobiles. Moreover, higher penetration of passenger cars in this region, owing to development of road infrastructure, propels the market growth. In addition, the federal government is investing heavily for infrastructural development; for instance, since 2000, investors have funded toll projects worth $36 billion in Colorado, Florida, Texas, and Virginia. Furthermore, highways are being upgraded with all electronic toll systems in the developing regions such as Asia-Pacific and LAMEA, providing better service plazas.
Kapsch Group, Thales Group, Toshiba Corporation, Raytheon, Conduent LLC, Siemens AG, TransCore LP, Cubic Transportation, Perceptics LLC, and EFKON GmbH are the key players that garner significant share in the global electronic toll collection market.
A. The electronic toll collection market is expected to boost in near future owing to the social distancing measures and contactless fee collection which trending in the market presently to slowdown the spread of the virus.
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