Electronic toll collection system market projected to grow $9.5 billion by 2020

According to a new market research report by MarketsandMarkets, Electronic Toll Collection System Market by Products, Technology Applications and Geography - Analysis & Forecast 2013-2020, the market for electronic toll collection (ETC) is expected to grow at a CAGR of 11.1 per cent from 2013 to 2020, and reach US$9.5 billion in 2020. The overall global electronic toll collection system market is segmented into four major areas: products, technologies, applications and geography. All the major segments a
May 19, 2014 Read time: 3 mins
According to a new market research report by 6418 MarketsAndMarkets, Electronic Toll Collection System Market by Products, Technology Applications and Geography - Analysis & Forecast 2013-2020, the market for electronic toll collection (ETC) is expected to grow at a CAGR of 11.1 per cent from 2013 to 2020, and reach US$9.5 billion in 2020.

The overall global electronic toll collection system market is segmented into four major areas: products, technologies, applications and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report.

The two major driving factors for the global ETC system market are time saving and secured transactions, both of which are expected to boost the market. The growing emphasis on safety and security is considered as being of strategic importance in the ETC market. The report examines different technologies such as RFID, DSRC, video analytics, and Global Navigation Satellite System (GNSS).

4984 Kapsch TrafficCom is one of the providers of ETC. The company's knowledge lies in developing, supplying and operating electronic road user charging solutions. It also offers a wide spectrum of future-ready ETC systems to improve traffic flow, enhance public security, increase road safety, manage access in urban areas, enforce and monitor traffic laws, control traffic flows, prevent congestion, or by detection of incidents on the open road and in the tunnels. The company also thrives on expansion and currently has subsidiaries in 35 countries in Europe, North America, Australia, the Middle East, Latin America, Asia-Pacific, and South Africa, with about 13 million on-board units (OBUs) and more than 11,300 equipped lanes.

Kapsch also supplies intelligent road traffic Telematics solutions to international customers,  developing and supplying products, systems and services for ETC systems and various solutions for open road tolling (ORT), multi-lane free-flow (MLFF) and high occupancy tolling (HOT).

108 Q-Free is one of the leading global suppliers of products and solutions for advanced transportation management and road user charging; which find applications mainly in ETC for congestion charging, road financing, law enforcement, parking/access control and truck tolling. The company is also a leading supplier within DSRC (tag), GNSS and automatic license plate registration (ALPR) based solutions. Q-Free is currently operational in 17 countries and has clients in Latin America, South America, the Middle East, Asia-Pacific, and Europe.

The geographical split for the global electronic toll collection systems market is included in the report. It presents the market share of different geographies of the global ETC market and divides the overall market on the basis of the four major geographical segments, namely North America, Europe, APAC, and rest of world (ROW). North America is seen as the market leader in the overall ETC market, followed by Europe and APAC.
Classification & Data Collection Networking & Communication Systems Urban Traffic Control Location Based Systems Charging, Tolling & RUC

For more information on companies in this article

Related Content

  • Kapsch to expand Belarus toll road network
    August 18, 2015
    Kapsch TrafficCom has been awarded the contract to expand the BelToll toll road network in Belarus by an additional 323 kilometres, in line with the government’s long-term infrastructure development program. Kapsch is both developer and operator of the toll collection system under a twenty-year contract. Many recently upgraded and reconstructed roads throughout the whole country will be affected by the BelToll extension, as well as parts of the M5 and M6 highways. When the extension is completed, the tol
    Read More
  • Growth of China ETC market
    January 22, 2016
    According to the latest report from Research and Markets, by the end of 2014, the mileage of toll highways in China amounted to 162,600 km, including 106,700 km of toll expressways, accounting for 65.7per cent; there were 1,665 mainline toll stations on toll highways nationwide, 696.5 of which were the ones on expressways, making up 41.8 per cent. The report, China ETC (Electronic Toll Collection) Industry Report, 2015-2019, claims that by the end of Oct 2015, China had had 25.15 million electronic toll col
    Read More
  • French tag order for Q-Free
    December 12, 2016
    Q-Free has received an order valued at US$3.4 million (29 million NOK) to supply its OBU615 on-board tag unit to French highway company Vinci Autoroute, to be delivered during 2017. The OBU615 supports all current and future 5.8GHz CEN DSRC protocols. Typical applications include electronic toll collection (ETC) and congestion charging, automatic vehicle identification (AVI), electronic registration identification (ERI), access control and parking.
    Read More
  • Kapsch highlights CVO capabilities of its 5.9GHz DSRC technology
    March 28, 2013
    Kapsch TrafficCom will appear at the 23rd ITS America Annual Meeting with an important recent validation of the versatility of its 5.9 GHz DSRC multi-modal, integrated and interoperable technologies. Earlier this month, the company announced it had been selected by HNTB and the Michigan DOT (MDOT) to deliver a Truck Parking Connected-Vehicle System at five sites along the I-94 corridor in Michigan.
    Read More

Highlighted Content