Global Electronic Toll Collection Market

Electronic Toll Collection Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020

Electronic toll collection system is an automated system, eliminating manual operations by toll payers and receivers. The global ETC market is expected to steer towards a strong double-digit growth rate in the coming five years (2015-2020). The primary drivers of the upcoming growth comprise the need to save travel time, cashless travel facility, the need to stop/minimize the traffic congestion and fast toll transaction. However, factors like high installation cost and a high dependence on government are hindering the growth of this market to some extent. The ETC market is expected to continue its rapid expansion to meet the surging demand for an improved, safe and secure infrastructure. The ETC system provides fast, efficient and cost-effective services. They have easy to operate buttons with a user-friendly design. They are also beneficial for traffic agencies and companies as these systems eliminate the need for multiple toll plazas, acting as a cost-saving factor for road operator agencies. Electronic toll collection systems have a positive impact on the environment as it reduces the amount of exhaust emitted from vehicles during start-up and stop at manual toll booths.

The ETC market can be categorised into products, technologies, applications and geographies. Transponders, antennae, communication systems, treadles, inductive loops, scanning devices, weigh-in-motion devices, cameras and film storage devices are some of the major products of the system. An electronic toll collection system consists of various subsystems, such as automatic vehicle identification (AVI), automatic vehicle classification (AVC), back-office &integration and violation enforcement system (VES). These subsystems are useful for specific functions -AVI for vehicle identification, AVC for vehicle classification, toll collection transaction by integrating the back-office and payment system and VES to reduce unpaid tolls, by vehicle imaging.

On the basis of technologies, the ETC market can be segmented into various categories, such as radio-frequency identification (RFID), dedicated short-range communications (DSRC), video analytics, global navigation satellite system (GNSS) and global positioning system (GPS).Currently RFID and DSRC are the leading technologies. On the other hand, the GNSS and GPS are expected to show a high growth rate in following five years (2015-2020).

Based on applications, the ETC market can be categorized into segments like highway, urban and bridges. Undoubtedly, ETC systems have been installed majorly on highways, but installation in urban areas and on bridges has a bright future opportunity.

Geographically, the ETC market can be segmented into North America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and Middle East & Africa. Present market scenario represents a strong presence of ETC system in the US, Canada and Mexico in North America, South Korea, Taiwan, Thailand, Malaysia, Hong Kong, Philippines and Singapore in Asia Pacific, and the UK, Ireland, Portugal, France, Germany, Italy and Spain in Europe.

Some of the key players in the ETC market are Honeywell International, Inc., Transurban, Transtoll Pty Ltd., Transcore Holdings, Inc., Toll Collect GmbH, TRMI Systems Integration, Sensor Dynamics, Xerox Corporation, 3M, Connect East, EFKON, SAIC, DENSO, Q-Free, Mitsubishi Heavy Industries, Ltd., Perceptics, Thales Group and Kapsch TrafficCom AG. The ETC ecosystem participants offer a wide range of solutions, such as software services and system integration and toll system operations including maintenance, payment handling and revenue assurance. It is the future solution to alleviating traffic congestion problems.

The research report presents a comprehensive assessment of the ETC market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data &projections with a suitable set of assumptions and methodology. It provides analysis and information by categories, such as products, technologies, applications and geographies. The report covers an exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition and Companies Involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern  Europe
  • Middle East & Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. It provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. It also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint