Global Electronic toll collection Market will grow at a 7.1% of CAGR by 2030

Electronic toll collection Market Insights

According to MRFR analysis, the global Electronic toll collection market is expected to register a CAGR of ~7.1% from 2022 to 2030 and hold a value of over USD 16.8 billion by 2030.

The electronic toll collection (ETC) market refers to the use of electronic systems to collect tolls and fees on highways, bridges, and tunnels, eliminating the need for manual toll collection. ETC systems utilize technologies such as radio frequency identification (RFID), dedicated short-range communication (DSRC), and global positioning system (GPS) to automatically identify and charge vehicles passing through toll plazas. The COVID-19 pandemic has had a significant impact on the electronic toll collection market. With restrictions on travel and reduced traffic volumes during lockdowns, the revenue generated from toll collection experienced a temporary decline. Many toll plazas also implemented contactless payment methods and encouraged the use of online payment platforms to minimize physical contact. However, the pandemic also highlighted the importance of touchless and automated payment systems, driving the adoption of electronic toll collection technologies. Governments and toll operators accelerated the implementation of ETC systems to reduce congestion, improve traffic flow, and enhance overall efficiency. The need for reduced human interactions and increased safety measures further boosted the demand for contactless toll payment solutions.

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Key Players

Some of the market key players are

• Abertis,
• Sanef,
• Atlantia S.p.A,
• Conduent Inc.,
• Cubic Corporation,
• Denso Corporation,
• EFKON GMBH,
• GeoToll,
• International Road Dynamics Inc.,
• Kapsch TrafficCom AG,
• Neology Inc.,
• Perceptics LLC,
• Q-Free ASA,
• Raytheon Company,
• Siemens AG,
• Transcore,
• Thales Group, and Others

Regional Analysis

North America holds a significant share in the market, driven by the widespread adoption of ETC systems in the United States and Canada, where cashless tolling is prevalent. Europe also plays a prominent role, with countries like France, Italy, and Spain implementing ETC programs across their road networks. The Asia-Pacific region, particularly China and India, is witnessing rapid growth in the ETC market, supported by large-scale infrastructure projects and increasing urbanization. Additionally, the Middle East and Africa region show potential for market expansion, driven by the development of toll roads and transportation infrastructure. Latin America also presents opportunities for market growth, with several countries implementing ETC systems to improve toll collection efficiency and traffic management.

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Market Segmentation

The Global Electronic toll collection market has been segmented into Technology, Means of Collection and Application    

Based on Technology: Automatic Vehicle Identification (AVI), Automated Vehicle Classification (AVC), Violation Enforcement System (VES) and Toll Transaction Processing System

Based on Means of Collection: Prepaid and Postpaid

Based on Application: Roads, Bridges, Tunnel and Ferries

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