Electronic Toll Collection Market by Subsystem (Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, and Transaction Processing), by Technology (Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), Infrared, GNSS & GPS, and Video Analytics), by Application (Urban and Highways) - Global Opportunity Analysis and Industry Forecast, 2020 - 2030

Abstract
The Global Electronic Toll Collection Market size was valued at USD 7.68 billion in 2019 and is predicted to reach USD 18.46 billion by 2030 with a CAGR of 8.3% from 2020-2030. Electronic Toll Collection is a system which is meant for the automatic toll collection without stopping at toll booth. This system automatically detects weather the vehicle is registered in the system or not and when the vehicle crosses the booth the notification is send to the owners account and collected. This helps in the reduction of vehicle congestions and also notifies the entry of non-registered vehicle in the city.

Market Dynamics and Trends

There has been increase in the modernization of various activities around the globe which further minimizes the human efforts. Moreover, increase in traffic congestions at toll booth has increased the demand for electronic toll collection market.

The other factors include increase in cashless transaction coupled with less waiting time; growth in smart cities and increase in government funding are expected to further promote the growth of electronic toll collection market. However, high installation, maintenance and operational cost coupled with stringent regulatory approval process and standardization are expected to hamper the market growth. On the other hand, increase in digitization and adoption of electronic toll collection market.

Market Segmentations and Scope of the Study:

The global electronic toll collection market share is analysed on the basis of subsystem, technology, application and geography. On the basis of subsystem, the market is segmented into Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, and Transaction Processing. On the basis of technology, the market is divided into Radio-frequency Identification (RFID), Dedicated Short-range Communication (DSRC), Infrared, GNSS & GPS, and Video Analytics. Based on application, the market is fragmented into urban and highways. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America is expected to hold the major market share owing to the increased adoption of electronic toll collection system over the forecast period. Moreover, rise in technological advancement and presence of developed infrastructure coupled with increase in traffic congestions is expected to drive the growth of electronic toll collection market.

Asia Pacific is expected to show tremendous growth over the forecast period owing to the increase in cashless transaction with digitization. Moreover, growing demand for less waiting time with increased government funding is further expected to support the growth of electronic toll collection market.

Competitive Landscape

The electronic toll collection market, which is highly competitive, consists of a few major players. Some of the major market player 3M, Transcore Holdings, Inc., Xerox Corporation, TrafficCom, TRMI Systems Integration, Sensor Dynamics, Toll Collect GmbH, Kapsch, Cubic Transportation Systems, Inc., Q-Free and EFKON AG, among others.

In the recent past various developments had been taken place in the market which are also expected to take place in near future which contributes the overall market growth. For instance, in June 2019, Kapsch TrafficCom expands its toll management footprint in Europe by equipping the state-of-the-art Olympia Odos Greek motorway with 30 free flow rebate stations. The contract has been awarded by the Canadian IBI Group (who has a contract with the Apion Kleos Construction JV of Olympia Odos) enlisting Kapsch’s ongoing technical support for service and maintenance, based on a yearly agreement.

KEY MARKET SEGMENTS:
• Global Electronic Toll Collection market – By Subsystem
- Automated Vehicle Identification
- Automated Vehicle Classification
- Violation Enforcement System
- Transaction Processing
• Global Electronic Toll Collection market – By Technology
- Radio-frequency Identification (RFID)
- Dedicated Short-range Communication (DSRC)
- Infrared
- GNSS & GPS
- Video Analytics
• Global Electronic Toll Collection market –By Application
- Urban
- Highways
• Global Electronic Toll Collection market –By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Rest of World
- Latin America
- Middle East
- Africa

Content
1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. RESEARCH METHODOLOGY
1.2.1 SECONDARY RESEARCH
1.2.2 DATA ANALYSIS FRAMEWORK
1.2.3 MARKET SIZE ESTIMATION
1.2.4 FORECASTING
1.2.5 PRIMARY RESEARCH AND DATA VALIDATION
2. MARKET SNAPSHOT, 2019-2030 MILLION USD
2.1. MARKET SNAPSHOT
3. PORTER’S FIVE FORCE MODEL ANALYSIS
4. MARKET DYNAMICS
4.1. GROWTH DRIVERS
4.1.1 DRIVER 1
4.1.2 DRIVER 2
4.1.3 DRIVER 3
4.1.4 DRIVER 4
4.2. CHALLENGES
4.2.1 CHALLENGE 1
4.2.2 CHALLENGE 2
4.3. OPPORTUNITIES
4.3.1 OPPORTUNITY 1
4.3.2 OPPORTUNITY 2
5. GLOBAL ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY SUBSYSTEM
5.1. OVERVIEW
5.2. AUTOMATED VEHICLE IDENTIFICATION
5.2.1 AUTOMATED VEHICLE IDENTIFICATION MARKET, BY REGION
5.2.1.1 North America Automated Vehicle Identification Market, By Country
5.2.1.2 Europe Automated Vehicle Identification Market, By Country
5.2.1.3 Asia-Pacific Automated Vehicle Identification Market, By Country
5.2.1.4 Rest of World Automated Vehicle Identification Market, By Country
5.3. AUTOMATED VEHICLE CLASSIFICATION
5.3.1 AUTOMATED VEHICLE CLASSIFICATION MARKET, BY REGION
5.3.1.1 North America Automated Vehicle Classification Market, By Country
5.3.1.2 Europe Automated Vehicle Classification Market, By Country
5.3.1.3 Asia-Pacific Automated Vehicle Classification Market, By Country
5.3.1.4 Rest of World Automated Vehicle Classification Market, By Country
5.4. VIOLATION ENFORCEMENT SYSTEM
5.4.1 VIOLATION ENFORCEMENT SYSTEM MARKET, BY REGION
5.4.1.1 North America Violation Enforcement System Market, By Country
5.4.1.2 Europe Violation Enforcement System Market, By Country
5.4.1.3 Asia-Pacific Violation Enforcement System Market, By Country
5.4.1.4 Rest of World Violation Enforcement System Market, By Country
5.5. TRANSACTION PROCESSING
5.5.1 TRANSACTION PROCESSING MARKET, BY REGION
5.5.1.1 North America Transaction Processing Market, By Country
5.5.1.2 Europe Transaction Processing Market, By Country
5.5.1.3 Asia-Pacific Transaction Processing Market, By Country
5.5.1.4 Rest of World Transaction Processing Market, By Country
6. GLOBAL ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY TECHNOLOGY
6.1. OVERVIEW
6.2. RADIO-FREQUENCY IDENTIFICATION
6.2.1 RADIO-FREQUENCY IDENTIFICATION MARKET, BY REGION
6.2.1.1 North America Radio-frequency Identification Market, By Country
6.2.1.2 Europe Radio-frequency Identification Market, By Country
6.2.1.3 Asia-Pacific Radio-frequency Identification Market, By Country
6.2.1.4 Rest of World Radio-frequency Identification Market, By Country
6.3. DEDICATED SHORT-RANGE COMMUNICATION
6.3.1 DEDICATED SHORT-RANGE COMMUNICATION MARKET, BY REGION
6.3.1.1 North America Dedicated Short-range Communication Market, By Country
6.3.1.2 Europe Dedicated Short-range Communication Market, By Country
6.3.1.3 Asia-Pacific Dedicated Short-range Communication Market, By Country
6.3.1.4 Rest of World Dedicated Short-range Communication Market, By Country
6.4. INFRARED
6.4.1 INFRARED MARKET, BY REGION
6.4.1.1 North America Infrared Market, By Country
6.4.1.2 Europe Infrared Market, By Country
6.4.1.3 Asia-Pacific Infrared Market, By Country
6.4.1.4 Rest of World Infrared Market, By Country
6.5. GNSS & GPS
6.5.1 GNSS & GPS MARKET, BY REGION
6.5.1.1 North America GNSS & GPS Market, By Country
6.5.1.2 Europe GNSS & GPS Market, By Country
6.5.1.3 Asia-Pacific GNSS & GPS Market, By Country
6.5.1.4 Rest of World GNSS & GPS Market, By Country
6.6. VIDEO ANALYTICS
6.6.1 VIDEO ANALYTICS MARKET, BY REGION
6.6.1.1 North America Video Analytics Market, By Country
6.6.1.2 Europe Video Analytics Market, By Country
6.6.1.3 Asia-Pacific Video Analytics Market, By Country
6.6.1.4 Rest of World Video Analytics Market, By Country
7. GLOBAL ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY APPLICATION
7.1. OVERVIEW
7.2. URBAN
7.2.1 URBAN MARKET, BY REGION
7.2.1.1 North America Urban Market, By Country
7.2.1.2 Europe Urban Market, By Country
7.2.1.3 Asia-Pacific Urban Market, By Country
7.2.1.4 Rest of World Urban Market, By Country
7.3. HIGHWAYS
7.3.1 HIGHWAYS MARKET, BY REGION
7.3.1.1 North America Highways Market, By Country
7.3.1.2 Europe Highways Market, By Country
7.3.1.3 Asia-Pacific Highways Market, By Country
7.3.1.4 Rest of World Highways Market, By Country
8. GLOBAL ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY REGION
8.1. OVERVIEW
8.2. NORTH AMERICA
8.2.1 NORTH AMERICA ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY SUBSYSTEM
8.2.2 NORTH AMERICA ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY TECHNOLOGY
8.2.3 NORTH AMERICA ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY APPLICATION
8.2.4 NORTH AMERICA ELECTRONIC TOLL COLLECTION (ETC), MARKET BY COUNTRY
8.2.4.1 U.S
8.2.4.1.1 U.S Electronic Toll Collection (ETC) Market, By Subsystem
8.2.4.1.2 U.S Electronic Toll Collection (ETC) Market, By Technology
8.2.4.1.3 U.S Electronic Toll Collection (ETC) Market, By Application
8.2.4.2 Canada
8.2.4.2.1 Canada Electronic Toll Collection (ETC) Market, By Subsystem
8.2.4.2.2 Canada Electronic Toll Collection (ETC) Market, By Technology
8.2.4.2.3 Canada Electronic Toll Collection (ETC) Market, By Application
8.2.4.3 Mexico
8.2.4.3.1 Mexico Electronic Toll Collection (ETC) Market, By Subsystem
8.2.4.3.2 Mexico Electronic Toll Collection (ETC) Market, By Technology
8.2.4.3.3 Mexico Electronic Toll Collection (ETC) Market, By Application
8.3. EUROPE
8.3.1 EUROPE ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY SUBSYSTEM
8.3.2 EUROPE ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY TECHNOLOGY
8.3.3 EUROPE ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY APPLICATION
8.3.4 EUROPE ELECTRONIC TOLL COLLECTION (ETC), MARKET BY COUNTRY
8.3.4.1 UK
8.3.4.1.1 UK Electronic Toll Collection (ETC) Market, By Subsystem
8.3.4.1.2 UK Electronic Toll Collection (ETC) Market, By Technology
8.3.4.1.3 UK Electronic Toll Collection (ETC) Market, By Application
8.3.4.2 Germany
8.3.4.2.1 Germany Electronic Toll Collection (ETC) Market, By Subsystem
8.3.4.2.2 Germany Electronic Toll Collection (ETC) Market, By Technology
8.3.4.2.3 Germany Electronic Toll Collection (ETC) Market, By Application
8.3.4.3 France
8.3.4.3.1 France Electronic Toll Collection (ETC) Market, By Subsystem
8.3.4.3.2 France Electronic Toll Collection (ETC) Market, By Technology
8.3.4.3.3 France Electronic Toll Collection (ETC) Market, By Application
8.3.4.4 Italy
8.3.4.4.1 Italy Electronic Toll Collection (ETC) Market, By Subsystem
8.3.4.4.2 Italy Electronic Toll Collection (ETC) Market, By Technology
8.3.4.4.3 Italy Electronic Toll Collection (ETC) Market, By Application
8.3.4.5 Rest of Europe
8.3.4.5.1 Rest of Europe Electronic Toll Collection (ETC) Market, By Subsystem
8.3.4.5.2 Rest of Europe Electronic Toll Collection (ETC) Market, By Technology
8.3.4.5.3 Rest of Europe Electronic Toll Collection (ETC) Market, By Application
8.4. ASIA-PACIFIC
8.4.1 ASIA-PACIFIC ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY SUBSYSTEM
8.4.2 ASIA-PACIFIC ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY TECHNOLOGY
8.4.3 ASIA-PACIFIC ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY APPLICATION
8.4.4 ASIA-PACIFIC ELECTRONIC TOLL COLLECTION (ETC), MARKET BY COUNTRY
8.4.4.1 China
8.4.4.1.1 China Electronic Toll Collection (ETC) Market, By Subsystem
8.4.4.1.2 China Electronic Toll Collection (ETC) Market, By Technology
8.4.4.1.3 China Electronic Toll Collection (ETC) Market, By Application
8.4.4.2 Japan
8.4.4.2.1 Japan Electronic Toll Collection (ETC) Market, By Subsystem
8.4.4.2.2 Japan Electronic Toll Collection (ETC) Market, By Technology
8.4.4.2.3 Japan Electronic Toll Collection (ETC) Market, By Application
8.4.4.3 India
8.4.4.3.1 India Electronic Toll Collection (ETC) Market, By Subsystem
8.4.4.3.2 India Electronic Toll Collection (ETC) Market, By Technology
8.4.4.3.3 India Electronic Toll Collection (ETC) Market, By Application
8.4.4.4 Australia
8.4.4.4.1 Australia Electronic Toll Collection (ETC) Market, By Subsystem
8.4.4.4.2 Australia Electronic Toll Collection (ETC) Market, By Technology
8.4.4.4.3 Australia Electronic Toll Collection (ETC) Market, By Application
8.4.4.5 Rest of Asia-Pacific
8.4.4.5.1 Rest of Asia-Pacific Electronic Toll Collection (ETC) Market, By Subsystem
8.4.4.5.2 Rest of Asia-Pacific Electronic Toll Collection (ETC) Market, By Technology
8.4.4.5.3 Rest of Asia-Pacific Electronic Toll Collection (ETC) Market, By Application
8.5. REST OF WORLD
8.5.1 REST OF WORLD ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY SUBSYSTEM
8.5.2 REST OF WORLD ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY TECHNOLOGY
8.5.3 REST OF WORLD ELECTRONIC TOLL COLLECTION (ETC) MARKET, BY APPLICATION
8.5.4 REST OF WORLD ELECTRONIC TOLL COLLECTION (ETC), MARKET BY COUNTRY
8.5.4.1 Latin America
8.5.4.1.1 Latin America Electronic Toll Collection (ETC) Market, By Subsystem
8.5.4.1.2 Latin America Electronic Toll Collection (ETC) Market, By Technology
8.5.4.1.3 Latin America Electronic Toll Collection (ETC) Market, By Application
8.5.4.2 Middle East
8.5.4.2.1 Middle East Electronic Toll Collection (ETC) Market, By Subsystem
8.5.4.2.2 Middle East Electronic Toll Collection (ETC) Market, By Technology
8.5.4.2.3 Middle East Electronic Toll Collection (ETC) Market, By Application
8.5.4.3 Africa
8.5.4.3.1 Africa Electronic Toll Collection (ETC) Market, By Subsystem
8.5.4.3.2 Africa Electronic Toll Collection (ETC) Market, By Technology
8.5.4.3.3 Africa Electronic Toll Collection (ETC) Market, By Application
9. COMPANY PROFILES
9.1. TOSHIBA CORPORATION
9.1.1 COMPANY OVERVIEW
9.1.2 COMPANY SNAPSHOT
9.1.3 OPERATING BUSINESS SEGMENTS
9.1.4 PRODUCT PORTFOLIO
9.1.5 BUSINESS PERFORMANCE
9.1.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.2. RAYTHEON
9.2.1 COMPANY OVERVIEW
9.2.2 COMPANY SNAPSHOT
9.2.3 OPERATING BUSINESS SEGMENTS
9.2.4 PRODUCT PORTFOLIO
9.2.5 BUSINESS PERFORMANCE
9.2.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.3. THALES
9.3.1 COMPANY OVERVIEW
9.3.2 COMPANY SNAPSHOT
9.3.3 OPERATING BUSINESS SEGMENTS
9.3.4 PRODUCT PORTFOLIO
9.3.5 BUSINESS PERFORMANCE
9.3.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.4. SIEMENS AG
9.4.1 COMPANY OVERVIEW
9.4.2 COMPANY SNAPSHOT
9.4.3 OPERATING BUSINESS SEGMENTS
9.4.4 PRODUCT PORTFOLIO
9.4.5 BUSINESS PERFORMANCE
9.4.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.5. KAPSCH
9.5.1 COMPANY OVERVIEW
9.5.2 COMPANY SNAPSHOT
9.5.3 OPERATING BUSINESS SEGMENTS
9.5.4 PRODUCT PORTFOLIO
9.5.5 BUSINESS PERFORMANCE
9.5.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.6. CONDUENT (XEROX CORPORATION)
9.6.1 COMPANY OVERVIEW
9.6.2 COMPANY SNAPSHOT
9.6.3 OPERATING BUSINESS SEGMENTS
9.6.4 PRODUCT PORTFOLIO
9.6.5 BUSINESS PERFORMANCE
9.6.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.7. CUBIC TRANSPORTATION
9.7.1 COMPANY OVERVIEW
9.7.2 COMPANY SNAPSHOT
9.7.3 OPERATING BUSINESS SEGMENTS
9.7.4 PRODUCT PORTFOLIO
9.7.5 BUSINESS PERFORMANCE
9.7.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.8. TRANSCORE (ROPER TECHNOLOGIES)
9.8.1 COMPANY OVERVIEW
9.8.2 COMPANY SNAPSHOT
9.8.3 OPERATING BUSINESS SEGMENTS
9.8.4 PRODUCT PORTFOLIO
9.8.5 BUSINESS PERFORMANCE
9.8.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.9. PERCEPTICS
9.9.1 COMPANY OVERVIEW
9.9.2 COMPANY SNAPSHOT
9.9.3 OPERATING BUSINESS SEGMENTS
9.9.4 PRODUCT PORTFOLIO
9.9.5 BUSINESS PERFORMANCE
9.9.6 KEY STRATEGIC MOVES AND DEVELOPMENT
9.10. EFKON GMBH
9.10.1 COMPANY OVERVIEW
9.10.2 COMPANY SNAPSHOT
9.10.3 OPERATING BUSINESS SEGMENTS
9.10.4 PRODUCT PORTFOLIO
9.10.5 BUSINESS PERFORMANCE
9.10.6 KEY STRATEGIC MOVES AND DEVELOPMENT