Global Electronic Toll Collection (ETC) Systems Strategic Market Report 2023-2030: Growing Infrastructure Needs Drive Opportunities as Governments Focus on Bridging the Investment Gap through Tolling

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Sep 27, 2023, 17:30 ET

DUBLIN, Sept. 27, 2023 /PRNewswire/ -- The "Electronic Toll Collection (ETC) Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Electronic Toll Collection (ETC) Systems Market to Reach $17.7 Billion by 2030

The global market for Electronic Toll Collection (ETC) Systems, valued at US$9.2 Billion in 2022, is expected to reach US$17.7 Billion by 2030, reflecting an impressive CAGR of 8.5% during the period from 2022 to 2030.

The DSRC market is also on an upward trajectory, contributing to overall industry expansion. These technologies find significant application in highways and urban areas, driving market growth. Electronic Toll Collection (ETC) systems, in particular, have seen increased adoption, ensuring a positive outlook for the market's future.

In addition, RFID technology is projected to exhibit a robust 8.8% CAGR, reaching US$12.1 Billion by the end of the analysis period, while DSRC is expected to grow at an estimated 8% CAGR over the next 8 years. The RFID market has consistently grown, with projections indicating continued expansion from 2022 to 2030.

Key regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World, have contributed to this growth. The U.S. Electronic Toll Collection (ETC) Systems market stands at US$3.2 Billion in 2022, and China, the second-largest global economy, is expected to reach US$2.7 Billion by 2030, with a notable CAGR of 9.9% during 2022-2030.

Japan and Canada also present noteworthy growth, with respective CAGRs of 7% and 7.7% over the 2022-2030 period. In Europe, Germany is anticipated to grow at an approximate CAGR of 8.4%. These trends reflect the promising future of the ETC Systems market worldwide.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

MARKET OVERVIEW

Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
Here's What's Causing Inflationary Pressures in the Global Market
Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
Impact of the COVID-19 Pandemic on the ETC Systems
Competitive Scenario
Electronic Toll Collection (ETC) Systems - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Select Innovations
Road User Charging: The Only Sustainable Way to Fund Road Infrastructure Development
Growing Investments in Construction of Roads and Highways Augurs Well for ETC Systems Market
Growing Infrastructure Needs Drive Opportunities for ETC as Governments Focus on Bridging the Investment Gap through Tolling: Worldwide Cumulative Infrastructure Spending on Roads in US$ Billion by Region for the Period 2016-2040
Road User Charging/Tolling Emerges as a Dual Edged Sword for Revenue Generation & Congestion Management
Rising Economic Cost of Excess Travel/Transit Delays Strengthens the Business Case for Tolling to Manage Vehicular Congestion: Breakdown of Annual Hours of Delay Due to Traffic Congestions in Select Countries & Cities Worldwide
ETC Emerges as a Key Enabling Technology for Tolling
Need to Avoid Lengthy Waiting Lines & Environmental Pollution at Toll Plazas to Drive Demand for ETC Systems
Global Market Prospects & Outlook
Key Growth Drivers and Opportunities
Analysis by Technology
Analysis by Application
Regional Analysis
Asia-Pacific and Other Developing Countries to Drive Future Market Growth
Government Initiatives
Introduction to Road Infrastructure: Tolling and Toll Roads
Electronic Toll Collection (ETC): A Prelude
Classification Based on Lanes
ETC System: OBU Classification
ETC Toll Collection Process
ETC: Implementation and Functional Challenges
Key Benefits of ETC Systems
Major Drawbacks
Recent Market Activity
Select Global Brands

MARKET TRENDS & DRIVERS

Growing Investments in Road Infrastructure Development
Continuous Development of World's Highways to Expand Market Opportunities for ITS & ETS Markets
Automated Electronic Toll Collection Makes its Way into the ITS Domain
Electronic Toll Collection Systems: Switching On the Play Button for Smarter Tolling
Automatic Tolling System: Select Trends
Location-based Payment Systems: The Future-Forward Options for Toll Payment
Hunger to Stem Revenue Leakage Leads to Evolution of All-Electronic Tolling
All-Electronic Tolling: Rewards with Certain Gaps
Advanced All-Electronic Tolling to Drive Revenue Collection Efficiency
Upcoming All-Electronic Tolling Technology to Transform Toll Collection
Lessening the Challenge of Interoperability Stands Out as a Key Driver of Growth
Interest in Interoperability to Endure in Foreseeable Future of Electronic Tolling
Moving Beyond Universal Transponder & Revenue Leakage
Role of Collaborations & Vehicle Technology
ETC Systems, as a Vital Cog in the ITS Wheel, to Benefit from the Growing Investments in ITS
Growing Investments in Intelligent Transportation Systems (ITS) to Catalyze the Deployment of ETC Systems for Smart Infrastructure Funding & Intelligent Traffic Control
Payment Innovations Heighten the Attractiveness of ETC Deployments
5G to Widen the Role of Cellular Connectivity in ETC Ecosystem
V2X-based Toll Payment
ETC Systems Assist in Effective Traffic Management
RFID: One of the Most Popular ETC Technologies
RFID-Based ETC Systems Remain a Popular Choice as Evidenced by the Strong Preference for RFID Technology in Transportation Applications
DSRC (Dedicated Short Range Communications), as a Superior Technology to RFID, Gains in Prominence
As Satellite Technologies Emerge to the Forefront, New Generation, Multi-Constellation GNSS Hogs the Technology Limelight
Growing Prowess & Maturity of GNSS as Evidenced by the Growing Value of its Technology Market Bodes Well for the Development of GNSS-Based ETC Systems: Percentage Breakdown of Global GNSS Market Revenues by Geographic Region (2023E)
GNSS-based Tolling Storms into Limelight to Remove Physical Toll Booths
India to Embrace GNSS-based Tolling System
Video Tolling (ANPR): A Mature Technology
Smart Cards in Demand for ETC Systems
V2X Becomes Relevant in Electronic Toll Collection
Innovation & Market Differentiation: Key Determinants for Success of ETC Projects
Rapid Urbanization Triggers Growth in the ETC Market
Major Challenges to Growth: A Synopsized Review
Low Adoption of Satellite-Based GPS Technologies- A Restraining Factor
Issues Related to the Selection of Toll Technology

FOCUS ON SELECT PLAYERS (Total 77 Featured)

Abertis
Sanef
Atlantia S.p.A
Conduent, Inc.
Cubic Transportation Systems, Inc.
DENSO Corporation
Efkon Gmbh
Far Eastern Electronic Toll Collection Co., Ltd. (FETC)
G.E.A.
GeoToll
International Road Dynamics Inc.
Kapsch Trafficcom AG
Magnetic Autocontrol GmbH
Neology, Inc.
Perceptics LLC
Q-Free ASA
Siemens AG
Star Systems International Ltd.
Thales Group
Toll Collect GmbH
Toshiba Corporation
TransCore
TRMI Systems Integration

For more information about this report visit https://www.researchandmarkets.com/r/kmtw7g

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