세계의 전자요금징수 시장(2024-2031년)

Electronic Toll Collection Market Size, Share & Trends Analysis Report by Type (Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), Automatic Vehicle Identification System (AVIS), and Others), and by Technology (Radio Frequency Identification, Dedicated Short Range Communication, Global Navigation Satellite System (GNSS)/GPS, Video Analytics Cell Phone Tolling, and Others), and by End-User (Highway, and Urban Area) Forecast Period (2024-2031)

Electronic toll collection (ETC) market is anticipated to grow at a CAGR of 6.6% during the forecast period (2024-2031). The global ETC market is expanding owing to technological advancements, government initiatives, and urban transportation needs. Electronic toll collection system (ETC) systems use radio frequency identification (RFID), global positioning system (GPS), automatic number plate recognition (ANPR), and dedicated short-range communications (DSRC) to automate toll collection and improve traffic flow. Key technologies include the Internet of Things (IoT), artificial intelligence (AI), and 5G connectivity. Government initiatives support ETC deployment, while public-private partnerships facilitate road development. Challenges include cost, public acceptance, and data privacy.

Market Dynamics

Increasing government investments in smart transportation

Government investments in smart transportation infrastructure and policies aimed at reducing traffic congestion and emissions are bolstering the adoption of ETC systems. According to the World Health Organization (WHO), in December 2023, road traffic crashes caused 1.19 million mortalities annually, with injuries being the leading cause for children and young adults. For instance, in September 2020, Colombia's highway authority Invias launched a $15.0 million tender to develop a "smart highway" monitoring network that will cover 2,400km of roads across the country. The contract involves installing 210 surveillance stations that will monitor and report traffic speeds, emergency information, and data on stolen vehicles and cargo, among other services. The growing participation from government & transportation authorities in the development of smart roads is a key factor driving the growth of the ETC market globally.

Market Segmentation

• Based on type, the market is segmented into automatic vehicle classification (AVC), violation enforcement system (VES), automatic vehicle identification system (AVIS), and others (transaction processing/back office).
• Based on technology, the market is segmented into radio frequency identification, dedicated short-range communication, Global Navigation Satellite System (GNSS)/GPS, video analytics cell phone tolling, and others (barcode-based ETC).
• Based on end-users, the market is segmented into highway and urban areas.

Urban Area ETC System to Exhibit the Highest CAGR

The ETC system eliminates the need to stop improves the traffic flow and reduces traffic congestion at peak hours in urban areas. The benefits of this system make it attractive for urban authorities to manage growing traffic volume effectively. Additionally, the adoption of these systems eliminates the need for additional physical infrastructure.

Regional Outlook

The electronic toll collection market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Government Initiatives and Investment in the Asia-Pacific Region

Governments are prioritizing smart infrastructure projects, including ETC systems, to enhance road efficiency and decrease travel time, with a significant focus on roads and bridges. According to the India Brand Equity Foundation (IBEF), in May 2024, the NIP project count currently stands at 9,142, covering 34 sub-sectors, according to recent news reports. As part of the initiative, 2,476 projects are currently in the development phase, with an estimated investment of $1.9 trillion. The transportation sector accounts for nearly half of the under-development projects, with 3,906 projects specifically focused on roads and bridges.

North America Holds Major Market Share

The government is investing a lot of finances in infrastructure modernization as part of its initiatives to promote the use of sophisticated tolling systems. According to the World Economic Forum, in April 2021, the US infrastructure plan includes $2.3 trillion for investments across the US, including modernizing highways and funding the care economy. The plan also includes $650.0 billion for roads and rail transport, $20.0 billion for road safety programs, and $20.0 billion for neighborhood reconnections.

Market Players Outlook

The major companies serving the electronic toll collection market include Conduent, Inc., Kapsch TrafficCom AG, Siemens Ltd., IBI Group Inc., and Thales Group, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in March 2024, Airports Corp. of Vietnam (ACV) planned to implement an ETC system at five major airports across Vietnam, initially piloted at Noi Bai and Tan Son Nhat. The system extended to three more airports, including Cat Bi, Phu Bai, and Da Nang, to alleviate traffic congestion.

Table of Contents

1. Report Summary

• Current Industry Analysis and Growth Potential Outlook
• 1.1. Research Methods and Tools
• 1.2. Market Breakdown
  • 1.2.1. By Segments
  • 1.2.2. By Region

2. Market Overview and Insights

• 2.1. Scope of the Report
• 2.2. Analyst Insight & Current Market Trends
  • 2.2.1. Key Findings
  • 2.2.2. Recommendations
  • 2.2.3. Conclusion

3. Competitive Landscape

• 3.1. Key Company Analysis
• 3.2. Conduent, Inc.
  • 3.2.1. Overview
  • 3.2.2. Financial Analysis
  • 3.2.3. SWOT Analysis
  • 3.2.4. Recent Developments
• 3.3. Kapsch TrafficCom AG
  • 3.3.1. Overview
  • 3.3.2. Financial Analysis
  • 3.3.3. SWOT Analysis
  • 3.3.4. Recent Developments
• 3.4. Siemens AG
  • 3.4.1. Overview
  • 3.4.2. Financial Analysis
  • 3.4.3. SWOT Analysis
  • 3.4.4. Recent Developments
• 3.5. Key Strategy Analysis

4. Market Segmentation

• 4.1. Global Electronic Toll Collection Market by Type
  • 4.1.1. Automatic Vehicle Classification (AVC)
  • 4.1.2. Violation Enforcement System (VES)
  • 4.1.3. Automatic Vehicle Identification System (AVIS)
  • 4.1.4. Others (Transaction Processing/Back Office)
• 4.2. Global Electronic Toll Collection Market by Technology
  • 4.2.1. Radio Frequency Identification
  • 4.2.2. Dedicated Short Range Communication
  • 4.2.3. Global Navigation Satellite System (GNSS)/GPS
  • 4.2.4. Video Analytics
  • 4.2.5. Cell Phone Tolling
  • 4.2.6. Others (Barcode-based ETC)
• 4.3. Global Electronic Toll Collection Market by End-User
  • 4.3.1. Highway
  • 4.3.2. Urban Area

5. Regional Analysis

• 5.1. North America
  • 5.1.1. United States
  • 5.1.2. Canada
• 5.2. Europe
  • 5.2.1. UK
  • 5.2.2. Germany
  • 5.2.3. Italy
  • 5.2.4. Spain
  • 5.2.5. France
  • 5.2.6. Rest of Europe
• 5.3. Asia-Pacific
  • 5.3.1. China
  • 5.3.2. India
  • 5.3.3. Japan
  • 5.3.4. South Korea
  • 5.3.5. Rest of Asia-Pacific
• 5.4. Rest of the World
  • 5.4.1. Latin America
  • 5.4.2. Middle East and Africa

6. Company Profiles

• 6.1. AECOM
• 6.2. Aedas
• 6.3. CallisonRTKL
• 6.4. CannonDesign
• 6.5. CleverReach GmbH & Co. KG
• 6.6. Cubic Corp.
• 6.7. EFKON GmbH
• 6.8. Gensler
• 6.9. Hardlines Design Co.
• 6.10. HDR, Inc.
• 6.11. HKS Inc.
• 6.12. IBI Group Inc.
• 6.13. JENOPTIK AG
• 6.14. RTX Corp.
• 6.15. Skidmore College
• 6.16. Stantec Inc.
• 6.17. Thales Group
• 6.18. TransCore