openPR Logo
Press release

Comprehensive Electronic Toll Collection Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

Electronic Toll Collection Market Size

Electronic Toll Collection Market Size

"What Is the Future Outlook for the Electronic Toll Collection Market's Size and Growth Rate?
The electronic toll collection market has experienced solid growth in recent years. It will expand from $8.71 billion in 2024 to $9.55 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to the increasing demand for efficient traffic management, the adoption of digital technologies, the need for improved traffic flow efficiency, the rising demand for advanced toll-collection solutions, and the use of advanced technologies in transportation.

The electronic toll collection market will grow to $13.8 billion by 2029 at a CAGR of 9.6%, driven by increased highway traffic, digital toll payments, and contactless operations. Trends include AET, interoperability, mobile solutions, and user experience focus.

What Is Stimulating Growth in the Electronic Toll Collection Market?
The increasing volume of highway traffic is expected to accelerate the growth of the electronic toll collection market in the future. Highway traffic refers to the flow of vehicles, which can be influenced by congestion, volume, and demand. Traffic increases due to poor urban planning, road expansion, and phantom traffic jams. Traditional toll booths cause delays during peak hours, leading to congestion and longer travel times. Electronic toll collection eliminates the need for vehicles to stop or slow down at toll points, allowing for smooth passage, reducing travel time, and improving highway throughput. For example, in May 2024, gov.UK reported a 3.0% increase in car and taxi traffic in Great Britain in 2023, reaching 251.3 billion vehicle miles. Thus, the rise in highway traffic is driving the growth of the electronic toll collection market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14700&type=smp

Which Key Market Leaders Are Driving Electronic Toll Collection Industry Growth?
Major companies operating in the electronic toll collection market are Raytheon Technologies Corporation, Mitsubishi Heavy Industries Ltd., Thales Group, Infineon Technologies AG, Siemens Mobility, Ferrovial S.E., Xerox Holdings Corporation, Conduent Inc., TransCore, Cubic Corporation, SKIDATA GmbH, VITRONIC, Kapsch TrafficCom, IBI Group Inc., Neology Inc., Sensys Gatso Group, Q-Free ASA, Autostrade per l'Italia S.p.A., EFKON AG, Star Systems International Ltd., Far Eastern Electronic Toll Collection Co. Ltd., Ingenico, Perceptics LLC, TagMaster, GeoToll Inc., Watchdata Technologies, Korea Smart Card Co. Ltd., Electronic Transaction Consultants LLC

What Are the Main Segments in the Electronic Toll Collection Market?
The electronic toll collection market covered in this report is segmented -

1) By Type: Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), Automatic Vehicle Identification System (AVIS), Other Types
2) By Payment Method: Prepaid, Hybrid, Postpaid
3) By Technology: Radio Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), Global Navigation Satellite System (GNSS) Or GPS, Video Analytics, Cell Phone Tolling, Other Technologies
4) By End-user: Highway, Urban Area

Subsegments:
1) By Automatic Vehicle Classification (Avc): Lane-Based Avc Systems, Non-Intrusive Avc Solutions, Weighted Classification Systems, Vehicle Axle Counting Systems, Vehicle Length And Height Detection Systems, Dynamic Classification Systems
2) By Violation Enforcement System (Ves): Automatic Number Plate Recognition (Anpr) Systems, Ticketing and Fines Management Systems, Cameras and Imaging Solutions For Violation Detection, Video Analytics For Toll Violation, Violation Detection for Hov Lanes, Crossing And Speed Limit Violation Detection Systems
3) By Automatic Vehicle Identification System (Avis): Rfid-Based Avis, Infrared And Optical Avis, Bluetooth-Based Vehicle Identification, Mobile App-Based Avis Solutions, Near-Field Communication (Nfc) for Vehicle Identification, License Plate Recognition (Lpr) Systems
4) By Other Types: Multi-Lane Free Flow (Mlff) Systems, Dedicated Short Range Communication (Dsrc) Systems, Gps and Satellite-Based Toll Collection Systems, Hybrid Tolling Systems, Smartphone And Mobile Payment Solutions For Tolling

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/electronic-toll-collection-global-market-report

Which Geographic Area Leads the Electronic Toll Collection Market?
North America was the largest region in the electronic toll collection market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic toll collection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

What Is Covered In The Electronic Toll Collection Global Market Report?

- Market Size Analysis: Analyze the Electronic Toll Collection Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electronic Toll Collection Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Electronic Toll Collection Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electronic Toll Collection Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14700

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
•LinkedIn: https://in.linkedin.com/company/the-business-research-company
•Twitter: https://twitter.com/tbrc_info
•YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Comprehensive Electronic Toll Collection Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034 here

News-ID: 3850128 • Views:

More Releases from The Business Research Company

Pesticide And Other Agricultural Chemicals Industry Set to Achieve $156.05 Billion Milestone by 2029 | Steady 8.4% CAGR
Pesticide And Other Agricultural Chemicals Industry Set to Achieve $156.05 Billi …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments. What Is the Long-Term Growth Forecast for the Pesticide And Other Agricultural Chemicals Market Size 2025? In recent years, the market size for pesticides and other agricultural chemicals has witnessed significant growth. From a value of $104.46 billion in 2024, it's projected to swell to $113.13 billion in 2025, reflecting a compound
Organophosphates Pesticides Industry Expected to Reach $10.67 Billion by 2029 at 6.1% CAGR
Organophosphates Pesticides Industry Expected to Reach $10.67 Billion by 2029 at …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. Organophosphates Pesticides Market Value Projection: How Much Will the Market Size by 2025? The market size of organophosphates pesticides has experienced consistent growth in the prior years. The market is projected to expand from $8.05 billion in 2024 to $8.41 billion in 2025, with a compound annual growth rate (CAGR) of
Nitrobenzene Industry Growth Outlook: 7.5% CAGR and $15.35 Billion by 2029
Nitrobenzene Industry Growth Outlook: 7.5% CAGR and $15.35 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments. What Is the Long-Term Growth Forecast for the Nitrobenzene Market Size 2025? In the past few years, the size of the nitrobenzene market has witnessed significant growth. It is projected to increase from $10.96 billion in 2024 to $11.51 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The
Nail Polish Market Analysis: $24.61 Billion by 2029 With a CAGR of 11.5%
Nail Polish Market Analysis: $24.61 Billion by 2029 With a CAGR of 11.5%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports. Nail Polish Market Value Projection: How Much Will the Market Size by 2025? The industry of nail polish has witnessed significant expansion in the past few years. Projected to surge from $14.39 billion in 2024 to $15.93 billion in 2025, it is expected to observe a compound annual growth rate (CAGR)

All 5 Releases


More Releases for Toll

Key Trends Influencing the Growth of the Electronic Toll Collection Market in 20 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Electronic Toll Collection Market Through 2025? The market for electronic toll collection has seen robust growth in recent years. Its size is predicted to expand from $8.71 billion in 2024 to $9.55 billion in 2025, at a compound annual growth rate (CAGR)
Global Toll Compounding Service Market Size by Application, Type, and Geography: …
USA, New Jersey- According to Market Research Intellect, the global Toll Compounding Service market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. Beginning in 2025 and continuing through 2032, it is anticipated that the market for toll compounding services will expand at a compound annual growth
Electronic Toll Collection Market Report 2024 - Electronic Toll Collection Marke …
"The Business Research Company recently released a comprehensive report on the Global Electronic Toll Collection Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. According to The Business Research Company's, The electronic toll collection
Luxury House Interior Design Market is Going to Boom | Archi Pro, Toll Brothers, …
The Latest research study released by HTF MI “Luxury House Interior Design Market” with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this
PARKnSECURE TOLL MANAGEMENT SOLUTION: ADVANCED AUTOMATED TOLL OPERATION SYSTEM
In recent days, PARKnSECURE (I) PVT LTD has entrenched its solution scope to TMS (Toll Management System) that will automate entire operation at Toll Plazas in India, from vehicle classification to toll collection, without affecting traffics at toll plazas. This year, the Company announced its new strategy in terms of new solution where it has started automating Toll Management System solution specialized for the Toll Roads. Solution is mainly focused
Toll-Like Receptor (TLR) Agonists & Antagonists Toll Market Analysis- Regional O …
Report Bazzar has released its latest research-based report entitled ‘Toll-Like Receptor (TLR) Agonists & Antagonists Toll market.' This comprehensive report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Toll-Like Receptor (TLR) Agonists & Antagonists Toll Market worldwide along with the key trends and latest technologies, playing a prominent role in the Toll-Like Receptor (TLR) Agonists & Antagonists