Global Electronic Toll Collection Market Size, Share, Opportunities, And Trends By By Component (Automatic Vehicle Identification, Automatic Vehicle Classification, Video Enforcement System), By Technology (Dedicated Short Range Communication, Global Positioning System, Global System for Mobile Communication, Digital Tachograph, Radio Frequency Identification), And By Geography - Forecasts From 2023 to 2028
- Published : Feb 2023
- Report Code : KSI061611178
- Pages : 114
The global electronic toll collection market will witness robust growth over the forecast period. The electronic toll collection system has the ability to electronically charge a toll to an established customer account. The system has the potential to determine whether the car is registered and alert the local highway patrol about users that are not registered. It allows the vehicle to pass through a toll without requiring any action or stopping by the driver. The system makes the traffic more fluid and avoids bottlenecks thereby reducing the number of accidents and generating positive environmental impacts.
The popularity of automatic vehicle identification is growing over the years on account of its ability to determine the vehicle and its owners for the purpose of charging the toll to the customers resulting in an improvement in various traffic management strategies.
The global electronic toll collection market enjoys a significant market share in North America and Europe owing to the regulation and policies supporting effective traffic management systems to reduce congestion and utilize the road infrastructure to its full capacity.
The global electronic toll market is segmented on the basis of components, technology, and geography. Based on components, the market is segmented into automatic vehicle identification, automatic vehicle classification, and video enforcement system. Furthermore, the market is categorized on the basis of technology which includes dedicated short-run communication, global positioning system, global system for mobile communication, digital tachographs, and radio frequency identification. Further, the market is analyzed based on five regions, namely, North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
The global electronic toll collection market is competitive owing to the presence of well-diversified international, regional, and local players. However, some big international players dominate the market share owing to their brand image and market reach. The high market growth and favorable government policies are further attracting more players in the market while enhancing competitive rivalry. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.
Some of the major players discussed in the report are Cubic Corporation, Denso Corporation, EFKON Gmbh, and Atlantia S.p.A, among others.
Segmentation
The global electronic toll collection market has been segmented by component, technology, and geography.
- By Component
- Automatic Vehicle Identification
- Automatic Vehicle Classification
- Video Enforcement System
- By Technology
- Dedicated Short Range Communication
- Global Positioning System
- Global System for Mobile Communication
- Digital Tachography
- Radio Frequency Identification
- By Geography
- North America
- South America
- Europe
- Middle east and Africa
- Asia Pacific
1.1. Market Definition
1.2. Scope of the Study
1.3. Currency
1.4. Assumptions
1.5. Base, and Forecast Years Timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
2.3. Validation
3. Key Findings Of The Study
4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities and Market Trends
4.4. Market Segmentation
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Industry Regulations
4.7. Industry Value Chain Analysis
4.8. Scenario Analysis
5. Global Electronic Toll Collection Market Forecast By Component (US$ billion)
5.1. Introduction
5.2. Automatic Vehicle Identification
5.3. Automatic Vehicle Classification
5.4. Video Enforcement System
6. Global Electronic Toll Collection Market Forecast By Technology (US$ billion)
6.1. Introduction
6.2. Dedicated Short Run Communication
6.3. Global Positioning System
6.4. Global System for Mobile Communication
6.5. Digital Tachography
6.6. Radio Frequency Identification
7. Global Electronic Toll Collection Market Forecast By Geography (US$ billion)
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. Middle East and Africa
7.6. Asia Pacific
8. Competitive intelligence
8.1. Market Share Analysis
8.2. Strategies of Key Players
8.3. Recent Investments And Deals
9. Company profiles
9.1. Cubic Corporation
9.1.1. Overview
9.1.2. Financials
9.1.3. Product and Services
9.1.4. Key Developments
9.2. Denso Corporation
9.2.1. Overview
9.2.2. Financials
9.2.3. Products and Services
9.2.4. Key Developments
9.3. EFKON GmbH
9.3.1. Overview
9.3.2. Financials
9.3.3. Products and Services
9.3.4. Key Developments
9.4. Atlantia S.p.A
9.4.1. Overview
9.4.2. Financials
9.4.3. Products and Services
9.4.4. Key Developments
9.5. TransCore
9.5.1. Overview
9.5.2. Financials
9.5.3. Products and Services
9.5.4. Key Developments
9.6. Sirit Technologies Inc.
9.6.1. Overview
9.6.2. Financials
9.6.3. Products and Services
9.6.4. Key Developments
9.7. 3M
9.7.1. Overview
9.7.2. Financials
9.7.3. Products and Services
9.7.4. Key Developments
9.8. Far Eastern Electronic Toll Collection Co.
9.8.1. Overview
9.8.2. Financials
9.8.3. Products and Services
9.8.4. Key Developments
9.9. GeoToll
9.9.1. Overview
9.9.2. Financials
9.9.3. Products and Services
9.9.4. Key Developments
Cubic Corporation
Denso Corporation
EFKON GmbH
Atlantia S.p.A
TransCore
Sirit Technologies Inc.
3M
Far Eastern Electronic Toll Collection Co.
GeoToll
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