North America Electronic Toll Collection System Market Forecast to 2030
North America Electronic Toll Collection System Market Forecast to 2030 – Regional Analysis – by Offering (Systems and Services), Technology (RFID, DSRC, ANPR, GNSS, and Others), and Application (Highways and Urban Zones)
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Description
Long-Term Economic and Safety Benefits Drive North America Electronic Toll Collection System Market
The toll collection centers are strategically placed toll plazas or collection units levied for tax collection, congestion management, maintenance fees for public infrastructure, and other revenue collection techniques. The volume of traffic flow plays a crucial role in determining the location of toll plazas and subsequently requires a robust and efficient toll collection solution. In the past few years, there has been a surge in congestion at toll plazas due to the increase in the number of vehicles passing through the tolls. Hence, the toll plazas lead to more fuel consumption for cars as well as increased vehicular pollution due to the congestion. Also, the delays generally caused at the toll gateways elevate the risk of vehicle accidents as well as safety, as many people try to compensate for the loss of time incurred by the congestion with fast driving. Due to such factors, an electronic toll collection is considered a competent alternate solution to the current manual toll for reducing the congestion at toll gateways and providing seamless transit transactions without the need for supervision.
The electronic toll collection system operates as an account-based system that automatically classifies, identifies, and subsequently charges the automobile owner per agency regulations, eliminating the need to stop at the toll plazas. The efficient deployment of electronic toll collection (ETC) systems has several benefits, such as reduced congestion, congestion management, seamless transit transactions, vehicular pollution management, and intelligent transportation services at expressways. Thus, the long-term economic and safety benefits associated with electronic toll collection (ETC) systems are driving the market.
North America Electronic Toll Collection System Market Overview
The electronic toll collection system market in North America is segmented into the US, Canada, and Mexico. The US is one of the first countries to integrate electronic toll collection systems and boasts a significant network of electronic toll collection system (ETC) based systems across various tunnels, bridges, toll gateways, and expressways. Moreover, a collaborative effort of various inter-state agencies facilitated the implementation of an efficient ETC system across the region in the past decade. The significant freight transportation by road in the US compared to Canada and Mexico has also greatly influenced the adoption of ETC-based systems in the region.
North America Electronic Toll Collection System Market Revenue and Forecast to 2030 (US$ Million)
North America Electronic Toll Collection System Market Segmentation
The North America electronic toll collection system market is segmented based on offering, technology, application, and country. Based on offering, the North America electronic toll collection system market is bifurcated into systems and services. The systems segment held a larger market share in 2022.
In terms of technology, the North America electronic toll collection system market is segmented into RFID, DSRC, ANPR, GNSS, and others. The RFID segment held the largest market share in 2022.
By application, the North America electronic toll collection system market is bifurcated into highways and urban zones. The highways segment held a larger market share in 2022.
Based on country, the North America electronic toll collection system market is segmented into the US, Canada, and Mexico. The US dominated the North America electronic toll collection system market share in 2022.
Conduent Inc, Kapsch TrafficCom AG, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, TransCore LP, Magnetic Autocontrol GmbH, The Revenue Markets Inc, Sociedad Iberica de Construcciones Electricas SA, P Square Solutions LLC, Verra Mobility Corp, Mitsubishi Heavy Industries Ltd., Cubic Transportation Systems Inc, and Q-Free ASA are some of the leading companies operating in the North America electronic toll collection system market.
Summary Info
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According to the Research Team research, the North America electronic toll collection system market was valued at US$ 1,956.36 million in 2022 and is expected to reach US$ 5,417.54 million by 2030, registering a CAGR of 13.6% from 2022 to 2030. Satellite-based GPS/GNSS systems and deployment of blockchain technology are among the critical factors attributed to the North America electronic toll collection system market expansion.
The commercialization of global positioning systems (GPS or GNSS) has substantially broadened its scope of application in various daily activities. For instance, GPS systems installed onboard vehicles could also be utilized for toll collection purposes, thereby eliminating the need for any tolling infrastructure or system requirements. Low cost per transaction, maintainability, accessibility to web-based accounts, and no infrastructure required for integration of new routes are among other benefits of using GPS-based toll collection systems. In addition, market players are constantly making efforts to implement a satellite-based framework for the toll collection system successfully. For instance, Emovis, a Barcelona-based global provider of smart mobility solutions, provides solutions in Paris, New York, Dublin, Canada, Croatia, the UK, Qatar, and Puerto Rico. In April 2023, Emovis developed a satellite distance-based fee (DBF) solution to promote intelligent, connected mobility and expand the use of shared transport and active travel. The development of this solution with industrial partner IMMENSE aims to introduce innovative strategies for traffic management in cities to discourage and reduce the use of private vehicles and promote sustainable transport. The company announced its plan to test satellite distance-based fee (DBF) solutions in an urban environment, building on a great experience in this type of solution from Road Usage Charging programs in Washington, Oregon, Utah, and Virginia (US). This satellite tolling framework is a system that allows drivers to pay for the use of the road network with a precise calculation of the kilometers driven.
On the flip side, leakage and high CapEx and OpEx costs hamper the growth of North America electronic toll collection system market.
Based on offering, the North America electronic toll collection system market is bifurcated into systems and services. The systems segment held 73.2% market share in 2022, amassing US$ 1,432.66 million. It is projected to garner US$ 4,099.78 million by 2030 to expand at 14.0% CAGR during 2022-2030.
In terms of technology, the North America electronic toll collection system market is categorized into RFID, DSRC, ANPR, GNSS, and others. The RFID segment held 79.4% market share in 2022, amassing US$ 1,554.08 million. It is projected to garner US$ 4,329.13 million by 2030 to expand at 13.7% CAGR during 2022-2030.
By application, the North America electronic toll collection system market is bifurcated into highways and urban zones. The highways segment held 80.0% market share in 2022, amassing US$ 1,564.83 million. It is projected to garner US$ 4,399.03 million by 2030 to expand at 13.8% CAGR during 2022-2030.
Based on country, the North America electronic toll collection system market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 80.7% share of North America electronic toll collection system market in 2022. It was assessed at US$ 1,578.97 million in 2022 and is likely to hit US$ 4,428.11 million by 2030, exhibiting a CAGR of 13.8% during 2022-2030.
Key players operating in the North America electronic toll collection system market are Conduent Inc, Kapsch TrafficCom AG, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, TransCore LP, Magnetic Autocontrol GmbH, The Revenue Markets Inc, Sociedad Iberica de Construcciones Electricas SA, P Square Solutions LLC, Verra Mobility Corp, Mitsubishi Heavy Industries Ltd., Cubic Transportation Systems Inc, and Q-Free ASA, among others.
In April 2023, Conduent introduced First-of-Their-Kind digital payment solutions for tolling and other transportation uses.
In September 2023, Kapsch TrafficCom invested EUR 1.3 million in production expansion of toll collection obus.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America electronic toll collection system market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America electronic toll collection system market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
TABLE OF CONTENTS
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Electronic Toll Collection System Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. North America Electronic Toll Collection System Market – Key Industry Dynamics
5.1 Electronic Toll Collection System Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Long-Term Economic and Safety Benefits
5.2.2 Increasing Demand for Interoperable Electronic Tolling Systems
5.2.3 Government Focus on Transportation Infrastructure
5.3 Market Restraints
5.3.1 Leakage and High CapEx and OpEx Costs
5.3.2 Lack of Standardization and Evaluation Metrics for ETC Systems
5.4 Market Opportunities
5.4.1 Surging Demand for Effective Traffic Management at Toll Plaza
5.4.2 Deployment of Blockchain Technology
5.5 Future Trends
5.5.1 Satellite-Based GPS/GNSS Systems
5.6 Impact of Drivers and Restraints:
6. Electronic Toll Collection System Market – North America Market Analysis
6.1 North America Electronic Toll Collection System Market Revenue (US$ Million), 2022 – 2030
6.2 Electronic Toll Collection System Market Forecast and Analysis
7. North America Electronic Toll Collection System Market Analysis – Offering
7.1 Systems
7.1.1 Overview
7.1.2 Systems Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)
8. North America Electronic Toll Collection System Market Analysis – Technology
8.1 RFID
8.1.1 Overview
8.1.2 RFID Market, Revenue and Forecast to 2030 (US$ Million)
8.2 DSRC
8.2.1 Overview
8.2.2 DSRC Market, Revenue and Forecast to 2030 (US$ Million)
8.3 ANPR
8.3.1 Overview
8.3.2 ANPR Market, Revenue and Forecast to 2030 (US$ Million)
8.4 GNSS
8.4.1 Overview
8.4.2 GNSS Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. North America Electronic Toll Collection System Market Analysis – Application
9.1 Highways
9.1.1 Overview
9.1.2 Highways Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Urban Zones
9.2.1 Overview
9.2.2 Urban Zones Market, Revenue and Forecast to 2030 (US$ Million)
10. North America Electronic Toll Collection System Market – Country Analysis
10.1 North America
10.1.1 North America Electronic Toll Collection System Market Overview
10.1.2 North America Electronic Toll Collection System Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 North America Electronic Toll Collection System Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 US Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 US Electronic Toll Collection System Market Breakdown by Offering
10.1.2.2.2 US Electronic Toll Collection System Market Breakdown by Technology
10.1.2.2.3 US Electronic Toll Collection System Market Breakdown by Application
10.1.2.3 Canada Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Canada Electronic Toll Collection System Market Breakdown by Offering
10.1.2.3.2 Canada Electronic Toll Collection System Market Breakdown by Technology
10.1.2.3.3 Canada Electronic Toll Collection System Market Breakdown by Application
10.1.2.4 Mexico Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Mexico Electronic Toll Collection System Market Breakdown by Offering
10.1.2.4.2 Mexico Electronic Toll Collection System Market Breakdown by Technology
10.1.2.4.3 Mexico Electronic Toll Collection System Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Conduent Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Kapsch TrafficCom AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Thales SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Toshiba Infrastructure Systems and Solutions Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 TransCore LP
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Magnetic Autocontrol GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 The Revenue Markets Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Sociedad Iberica de Construcciones Electricas SA
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 P Square Solutions LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Verra Mobility Corp
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Mitsubishi Heavy Industries Ltd
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 Cubic Transportation Systems, Inc.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Q-Free ASA
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
13. Appendix
13.1 About the Research Team
13.2 Word Index
LIST OF TABLES
Table 2. Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. North America Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Offering
Table 4. North America Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Technology
Table 5. North America Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. North America Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. US Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 8. US Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 9. US Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. Canada Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 11. Canada Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 12. Canada Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. Mexico Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 14. Mexico Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 15. Mexico Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. List of Abbreviation
LIST OF FIGURES
Figure 2. Ecosystem: Electronic Toll Collection System Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. North America Electronic Toll Collection System Market Revenue (US$ Million), 2022 – 2030
Figure 5. North America Electronic Toll Collection System Market Share (%) – Offering, 2022 and 2030
Figure 6. Systems Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. Services Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. North America Electronic Toll Collection System Market Share (%) Technology, 2022 and 2030
Figure 9. RFID Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. DSRC Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. ANPR Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. GNSS Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. North America Electronic Toll Collection System Market Share (%) Application, 2022 and 2030
Figure 15. Highways Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Urban Zones Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. North America Electronic Toll Collection System Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 18. Electronic Toll Collection System Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. US Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Canada Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Mexico Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
1. Conduent Inc
2. Kapsch TrafficCom AG
3. Thales SA
4. Toshiba Infrastructure Systems and Solutions Corp
5. TransCore LP
6. Magnetic Autocontrol GmbH
7. The Revenue Markets Inc
8. Sociedad Iberica de Construcciones Electricas SA
9. P Square Solutions LLC
10. Verra Mobility Corp
11. Mitsubishi Heavy Industries Ltd.
12. Cubic Transportation Systems, Inc
13. Q-Free ASA.
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