MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Electronic Toll Collection Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Electronic Toll Collection, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019–22
• Base Year: 2023
• Forecast Years: 2024–30

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

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Electronic Toll Collection Market Outlook

The Global Electronic Toll Collection Market size is estimated to be USD 10.08 billion in 2024 & is expected to grow at a CAGR of around 8.9% during the forecast period, i.e., 2024-30. The burgeoning electronic toll collection market is propelled by several key factors, including the pressing imperative to alleviate traffic congestion and curtail road accidents. These urgent concerns underscore a growing demand for innovative solutions within the transportation sector. Thus, the market for automatic toll-collection systems is experiencing significant growth, particularly in urban areas. According to the recent U.S. Beauro Report, the economic toll of urban congestion exceeds USD 30 billion annually. Consequently, both the public and governmental sectors are embracing electronic toll-collection solutions to address these challenges.

Electronic Toll Collection Market Drivers:

Surge in the Requirement of Mitigating Traffic Congestion & Reducing Road Accidents – The implementation of Electronic Toll Collection (ETC) systems has a pivotal role in alleviating traffic congestion and enhancing road safety. There are many causes that contribute to traffic jams on highways, among which are increased emissions and accident risks (which result from it) when cars have to stop at toll booths. However, the introduction of ETC systems has made toll collection a more seamless process, enabling vehicles to pass through toll points without delays. With no need for manual intervention during toll collection, ETC systems ensure the free flow of traffic, which would otherwise be held up due to the stops made at traditional toll plazas. The countries lose a huge part of their GDP because road crashes claim about 1.2 million lives annually, according to the 2023 WHO Report. This forces governments all over the world to modernize transportation infrastructure, where the adoption of ETC is seen as an important measure to ensure road safety and optimize traffic flow.

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Electronic Toll Collection Market Trends:

Rising Adoption of Digital Toll Payments & Increasing Highway Construction Reshaping Market Dynamics – The global market trend is witnessing a significant uptick in digital toll payments, propelled by the burgeoning highway construction activities worldwide. Initiatives like India's National Electronic Toll Collection (NETC) program are amplifying awareness and adoption of digital payment methods among commuters. In India alone, commuters facilitated approximately 2.4 billion online transactions, totaling around USD 380.8 billion, through digital platforms, substantially reducing wait times at toll plazas. This surge in digital toll payments not only enhances convenience but also contributes to the efficiency of transportation systems. Concurrently, countries including the U.S., Canada, India, and China are funneling investments into roadway infrastructure to accommodate the mounting urban populace, thereby fueling this burgeoning market trend.

Electronic Toll Collection Market Segmentation

The study categorizes the Electronic Toll Collection into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Type

• Transponders/Tag-based Tolling Systems- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)

By Payment Mode

• Prepaid Pay Tolls- Market Size & Forecast 2019-2030, (USD Million)
• Post-Paid Pay Tolls- Market Size & Forecast 2019-2030, (USD Million)

By Technology

• Radio-Frequency Identification (RFID)- Market Size & Forecast 2019-2030, (USD Million)
• Dedicated Short-Range Communication (DSRC)- Market Size & Forecast 2019-2030, (USD Million)
• Others- Market Size & Forecast 2019-2030, (USD Million)

By Offering

• Hardware- Market Size & Forecast 2019-2030, (USD Million)
• Back Office- Market Size & Forecast 2019-2030, (USD Million)
• Other Services- Market Size & Forecast 2019-2030, (USD Million)

By Application- Market Size & Forecast 2019-2030, (USD Million)

• Highways- Market Size & Forecast 2019-2030, (USD Million)
• Urban Areas- Market Size & Forecast 2019-2030, (USD Million)

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

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Leading Companies in Electronic Toll Collection Market Worldwide: Players, Analysis & Future Outlook

• 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.
•  

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/electronic-toll-collection-market.html   

Frequently Asked Questions (FAQ)

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   2. What are the major factors driving this market’s growth?
   3. Which regions are expected to lead the Electronic Toll Collection?
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About Us

MarkNtel Advisors is a global research and consulting leader providing actionable intelligence across the ICT & electronics industry, spanning electronic equipment & services, software, and digital infrastructure. We analyze the impact of technologies like AI, IoT, and cloud computing on global business ecosystems. Through Consulting Services, we help technology providers and investors interpret emerging market data, refine digital strategies, and adapt to continuous innovation cycles in the connected economy.

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