𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐖𝐨𝐫𝐭𝐡 𝐔𝐒𝐃 𝟐𝟓.𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟑 | 𝐂𝐀�

The latest report by IMARC Group, titled "𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞, 𝐒𝐡𝐚𝐫𝐞, 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐛𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲, 𝐒𝐲𝐬𝐭𝐞𝐦, 𝐒𝐮𝐛𝐬𝐲𝐬𝐭𝐞𝐦, 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠, 𝐓𝐨𝐥𝐥 𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠, 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧, 𝟐𝟎𝟐𝟓-𝟐𝟎𝟑𝟑," offers a comprehensive analysis of the electronic toll collection market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global electronic toll collection market size was valued at 𝐔𝐒𝐃 𝟏𝟏.𝟖 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟒. Looking forward, IMARC Group estimates the market to reach 𝐔𝐒𝐃 𝟐𝟓.𝟎 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟑, exhibiting a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟕.𝟖% during 2025-2033.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/electronic-toll-collection-market/requestsample

𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:

• 𝐋𝐚𝐭𝐞𝐬𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

Changes in the electronic toll collection market are being witnessed due to improvements in wireless communication technology and also the popularity of smart transportation systems. Some of the developments include the using of Radio frequency identification (RFID) and dedicated short-range communication (DSRC) technologies which improve accuracy and reduce the time delay in toll revenue collection.

More so, the use of cloud-based toll management systems is enhancing the processing of the data, as well as, providing timely information for the management of transportation systems. These advancements are aimed at meeting the heightened consumer expectations of fast, cashless payments and speedy trips, and this is changing the direction of the market.

• 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

Key to the ETC market growth are rapid urbanization and expansion of road networks. Increasingly it is the governments of different countries that are focusing on intelligent transportation systems to manage traffic and combat pollution and thus spending a lot of money on automatic toll collection or ETC systems.

The increase in focus towards emission control of vehicles is also in line with integration of such systems that reduce waiting time at toll booths. In addition, large-scale adoption of ETC systems is being made easier through public-private partnerships, which creates a good market penetration and growth environment.

• 𝐅𝐮𝐭𝐮𝐫𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬

As the focus on sustainable urban mobility strengthens, the demand for ETC systems is expected to grow drastically. Developing countries are increasingly investing in ETC technologies to upgrade their toll collection systems and cut back on expenses.

Other inventions within the industries of AI and ML can as well improve operability in the ETC system by forecasting traffic and improving total system efficacy. Furthermore, the movement to fully automated, self-sufficient tolling systems are predicted to change customer engagement, leading to significant uptake in the near future.

𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

OCR is the most complicated area; defining expectations for OCR implementation across different countries is very, very hard to do. One of the biggest challenges is compliance with domestic laws, which vary greatly amongst countries. For instance, issuing funding under a public-private partnership structure now seems out of the ordinary in the United States, but it has proven to be a viable model for most of Western Europe and Canada. It is necessary to understand how fast the different routes will develop in each region; it is necessary to understand the development strategy in order to develop partnerships at an international level.

It is essential to instead focus on the cross-jurisdictional synergies that can promote the regional and global integration of these markets. This points out the interconnectedness of ideas which makes the markets much more resilient. Lastly, OCR is likely to hold on to many of these opportunities and encourage sub-national and international optics. Given the global footprint of OCR, it is better to take a regional approach.

𝐀𝐬𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭: https://www.imarcgroup.com/request?type=report&id=1886&flag=C

𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲:

• RFID
• DSRC
• Others

𝐑𝐅𝐈𝐃 stand as the largest component in 2024, holding around 𝟒𝟐.𝟑% of the market.

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐒𝐲𝐬𝐭𝐞𝐦:

• Transponder - or Tag-Based Toll Collection Systems
• Other Toll Collection Systems

𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐧𝐝𝐞𝐫 - 𝐨𝐫 𝐭𝐚𝐠-𝐛𝐚𝐬𝐞𝐝 𝐭𝐨𝐥𝐥 𝐜𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 lead the market, holding around 82.5% of the market.

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐒𝐮𝐛𝐬𝐲𝐬𝐭𝐞𝐦:

• Automated Vehicle Identification
• Automated Vehicle Classification
• Violation Enforcement System
• Transaction Processing

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐜𝐥𝐚𝐬𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 leads the market, holding around 𝟐𝟖.𝟔% of the market.

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠:

• Hardware
• Back Office and Other Services

𝐇𝐚𝐫𝐝𝐰𝐚𝐫𝐞 stands out as the largest component in 2024, holding around 𝟔𝟗.𝟖% of the market.

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐓𝐨𝐥𝐥 𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠:

• Distance Based
• Point Based
• Time Based
• Perimeter Based

𝐃𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐛𝐚𝐬𝐞𝐝 leads the market in 2024, holding around 𝟒𝟕.𝟎% of the market.

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

• Highways
• Urban Areas

𝐇𝐢𝐠𝐡𝐰𝐚𝐲𝐬 leads the market with around 𝟕𝟏.𝟏% of market share in 2024.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

• North America (USA, Canada)
• Europe (Germany, France, UK, Italy, Spain, Russia, others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
• Middle East/Africa
• Latin America (Brazil, Mexico, others)

In 2024, 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 accounted for the largest market share, holding around 𝟑𝟏.𝟎% of the market.

𝐓𝐨𝐩 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐓𝐨𝐥𝐥 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬:

• 3M
• Conduent Business Services LLC
• Cubic Transportation Systems Inc.
• Efkon AG
• Kapsch Trafficcom AG
• Q-Free
• Raytheon Company
• Schneider Electric
• Siemens AG
• Thales Group
• Trans Core
• Transurban Limited

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐒:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
𝐄𝐦𝐚𝐢𝐥: sales@imarcgroup.com
𝐓𝐞𝐥 𝐍𝐨:(𝐃) +91 120 433 0800
𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: +1-631-791-1145

𝐀𝐛𝐨𝐮𝐭 𝐔𝐒:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.