Press release
Middle East Embraces ETC with Major Deployments in Dubai and Saudi Arabia
Electronic Toll Collection Market
he Global Electronic Toll Collection (ETC) Market, valued at USD 8.58 billion in 2023, is projected to reach USD 14.34 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.6%. The increasing demand for congestion-free toll operations, efficient toll collection systems, and the integration of intelligent transportation technologies is driving this upward trend globally.
Competitive Landscape and Regional Demand
Major players shaping the competitive landscape include Kapsch TrafficCom, Conduent Business Services, EFKON GmbH, TransCore, Thales Group, Raytheon Technologies, Cubic Corporation, Siemens, and Neology, Inc. North America currently holds the largest share, while Asia Pacific is witnessing the highest growth rate, fueled by large-scale government-backed infrastructure initiatives and increased urbanization.
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ETC Growth in the United States: Infrastructure Investments and Smart Mobility
The United States dominates the ETC market in North America, thanks to extensive implementation of systems such as E-ZPass, SunPass, and TxTag. Increased investments in highway digitization and smart mobility infrastructure continue to bolster market growth.
Recent Developments and Consolidation:
TransCore expanded its contract portfolio with public transportation departments across multiple states.
Conduent introduced a next-generation DSRC-based ETC platform to improve interoperability and transaction accuracy.
M&A activity includes collaboration between regional toll authorities and tech providers to streamline traffic management.
ETC Opportunities in Asia Pacific: Rapid Adoption and Innovation
Asia Pacific is the fastest-growing ETC market, led by technological innovation, regulatory mandates, and the sheer volume of urban vehicles. Countries like India, China, Japan, and South Korea are adopting ETC at scale.
Recent Developments and M&A Highlights:
In India, the government-mandated FASTag system has seen widespread implementation on national highways, with a transition toward state and city-level tolling.
China eliminated manual toll booths across major highways and integrated ETC with mobile wallets like WeChat Pay and Alipay.
Teras Teknologi in Malaysia expanded its ETC solution portfolio through strategic collaborations with banks and e-wallet operators.
Regional players are engaging in joint ventures to scale up contactless tolling across Southeast Asia.
ETC Trends in Europe: Cross-Border Integration and Sustainability Goals
Europe is focusing on interconnectivity and environmental sustainability. The rise of the European Electronic Toll Service (EETS) framework is helping drive interoperability across countries.
Recent Developments and Regional Consolidation:
Germany advanced its GNSS-based tolling infrastructure to support dynamic pricing and freight management.
Kapsch TrafficCom and Siemens secured multi-country ETC contracts aligned with EETS standards.
Market consolidation continues as ETC providers seek to unify fragmented systems across France, Italy, and Eastern Europe.
ETC Consolidation in the Middle East & Africa: Infrastructure Modernization Underway
The Middle East and Africa are embracing ETC as part of broader smart city initiatives. Urban population growth and government-led road infrastructure programs are pushing adoption.
Recent Developments and Strategic Moves:
Salik in Dubai has expanded its ETC network along key routes, reducing congestion at critical entry points.
Governments in Saudi Arabia and Egypt have launched pilot programs to assess the viability of wide-scale ETC deployment.
TransCore and Kapsch have partnered with regional EPC firms to deploy end-to-end tolling solutions across new highway corridors.
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Breaking Down the Electronic Toll Collection Market: Key Segments Shaping the Industry
by Type
Transponder
Other
by Technology
Radio-frequency Identification (RFID)
Dedicated Short-range Communication (DSRC)
Other
According to technology, throughout the projected period, the RFID segment is anticipated to expand at a CAGR of 9.7%. Time and performance are crucial, hence the traditional approach needs to be changed. Time waste and traffic congestion are two major issues that RFID technology is being used to address. The label attached to the car's windscreen is scanned by the RFID reader mounted on the tollgate frame. A prepaid card linked to the appropriate RFID tag and kept in the user's wallet is used to withdraw the toll when the reader's object recognition sensor detects the proximity of the incoming vehicle's tag.
by Application
Bridges
Roads
Tunnels
Meet the Industry Leaders Revolutionizing the Electronic Toll Collection Market
1.Kapsch TrafficCom
2. Conduent Business Services
3. EFKON GmbH
4. TransCore
5. Thales Group
6. Raytheon Technologies Corporation
7. Cubic Corporation
8. Siemens
9. Neology, Inc.
10. VINCI
11. Feig Electronic GmbH
12. Toshiba Corporation
13. TRMI Systems Integration
14. Magnetic AutoControl
15. International Road Dynamics Inc.
Uncover Key Insights Answering the Biggest Questions in the Electronic Toll Collection Market
What is Electronic Toll Collection ?
What is the growth rate of the Electronic Toll Collection Market?
Which are the factors expected to drive the Electronic Toll Collection market growth?
What is the CAGR at which the Electronic Toll Collection market will grow during the forecast period?
What are the different segments of the Electronic Toll Collection Market?
Which is the fastest growing region in the Electronic Toll Collection market?
What growth strategies are the players considering to increase their presence in Electronic Toll Collection ?
What are the upcoming opportunities and trends for the Electronic Toll Collection Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Electronic Toll Collection Market?
Who are the leading companies and what are their portfolios in Electronic Toll Collection Market?
What segments are covered in the Electronic Toll Collection Market?
Who are the key players in the Electronic Toll Collection market?
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Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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