South & Central America Electronic Toll Collection System Market Forecast to 2030

South & Central America Electronic Toll Collection System Market Forecast to 2030

South & Central 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

The South & Central America electronic toll collection system market was valued at US$ 292.21 million in 2022 and is expected to reach US$ 671.39 million by 2030; it is estimated to grow at a CAGR of 11.0% from 2022 to 2030.

Surging Demand for Effective Traffic Management at Toll Plaza Boosts South & Central America Electronic Toll Collection System Market

The state of road infrastructure plays an essential role in the economy’s growth as it connects important small cities, towns, and metropolitan cities for freight transportation by road. Moreover, the continuous maintenance, expansion, and improvement of expressways, highways, bridges, and tunnels ensure the continuous, uninterrupted movement of goods, which contribute toward the respective country’s GDP. However, the administrators face the challenge of maintaining road infrastructure growth along with the number of registered vehicles. As a result, the central or state government agency deploys various tolls for fees and levy tax across strategic locations on roadways for financing new infrastructure, controlling traffic, maintenance, and management of congestion of vehicles.

Rapid urbanization has driven the demand for a robust network of roads connecting cities and towns across the countries globally. Subsequently, this has boosted the investment toward the development of highways, bridges, and expressways for improved freight transportation by road. As a result, this is increasing the demand for efficient toll collection systems in the region’s economies owing to the surge in the number of registered vehicles. For instance, in 2021, the Talca-Chillán stretch of Route 5, a 195-kilometer toll highway, will be upgraded and operated under a build-concession contract granted by Chile to China Railway Construction Corporation (CRCC). Along with improving access to other roads, landscaping, lighting, and drainage, CRCC plans to gradually replace the 18 current cash toll plazas with 13 scanning gantries that read license plates to process payments electronically.

Therefore, numerous contracts contributing to the demand for effective traffic management at toll plazas are anticipated to create lucrative business opportunities for ETC manufacturers and providers in the coming years.

South & Central America Electronic Toll Collection System Market Overview

The government of South & Central America is investing in many highway projects. Some of these include investment in new tolled highways around Buenos Aires in Argentina; financing for toll road operator Rodovia das Colinas (Sao Paulo state); plans for the construction of a toll bridge over the Maipo River in the Metropolitan Region (Chile); plans for the Norte Grande Highway and the Melipilla Connection in Chile. Many urban areas in South & Central America face severe traffic congestion issues. ETC systems help alleviate congestion by reducing vehicles’ time at toll booths, leading to smoother traffic flow. Many companies are providing electronic toll collection systems in South & Central America. For example, ALEATICA company provides remote toll collection and free flow toll collection systems in South & Central America. Several South & Central America countries, such as Peru and Chile, have implemented or expanded their ETC systems recently. As the region continues to address traffic and infrastructure challenges, the demand for electronic toll collection is expected to increase further, contributing to improved transportation efficiency and revenue generation.

South & Central America Electronic Toll Collection System Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Electronic Toll Collection System Market Segmentation

The South & Central America electronic toll collection system market is segmented based on offering, technology, application, and country. Based on offering, the South & Central 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 South & Central 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 South & Central 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 South & Central America electronic toll collection system market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America electronic toll collection system market share in 2022.

Conduent Inc, Kapsch TrafficCom AG, Thales SA, Magnetic Autocontrol GmbH, Sociedad Iberica de Construcciones Electricas SA, Mitsubishi Heavy Industries Ltd., and Q-Free ASA are some of the leading companies operating in the South & Central America electronic toll collection system market.

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At 11.0% CAGR, South & Central America Electronic Toll Collection System Market is Speculated to be Worth US$ 671.39 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America electronic toll collection system market was valued at US$ 292.21 million in 2022 and is expected to reach US$ 671.39 million by 2030, registering a CAGR of 11.0% from 2022 to 2030. Satellite-based GPS/GNSS systems and deployment of blockchain technology are among the critical factors attributed to the South & Central 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 contrary, leakage and high CapEx and OpEx costs hamper the growth of South & Central America electronic toll collection system market.

Based on offering, the South & Central America electronic toll collection system market is bifurcated into systems and services. The systems segment held 75.8% market share in 2022, amassing US$ 221.47 million. It is projected to garner US$ 523.64 million by 2030 to expand at 11.4% CAGR during 2022-2030.

In terms of technology, the South & Central America electronic toll collection system market is categorized into RFID, DSRC, ANPR, GNSS, and others. The RFID segment held 86.0% market share in 2022, amassing US$ 251.39 million. It is projected to garner US$ 580.69 million by 2030 to expand at 11.0% CAGR during 2022-2030.

By application, the South & Central America electronic toll collection system market is bifurcated into highways and urban zones. The highways segment held 82.8% market share in 2022, amassing US$ 241.92 million. It is projected to garner US$ 562.63 million by 2030 to expand at 11.1% CAGR during 2022-2030.

Based on country, the South & Central America electronic toll collection system market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 60.2% share of South & Central America electronic toll collection system market in 2022. It was assessed at US$ 175.94 million in 2022 and is likely to hit US$ 423.47 million by 2030, exhibiting a CAGR of 11.6% during 2022-2030.

Key players operating in the South & Central America electronic toll collection system market are Conduent Inc, Kapsch TrafficCom AG, Thales SA, Magnetic Autocontrol GmbH, Sociedad Iberica de Construcciones Electricas SA, Mitsubishi Heavy Industries Ltd., and Q-Free ASA, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America electronic toll collection system market.
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 South & Central 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 South & Central America market trends and outlook coupled with the factors driving the South & Central 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. Introduction
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. South & Central America Electronic Toll Collection System Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. South & Central 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 – South & Central America Market Analysis
6.1 South & Central America Electronic Toll Collection System Market Revenue (US$ Million), 2022 – 2030
6.2 Electronic Toll Collection System Market Forecast and Analysis
7. South & Central 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. South & Central 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. South & Central 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. South & Central America Electronic Toll Collection System Market – Country Analysis
10.1 South & Central America
10.1.1 South & Central America Electronic Toll Collection System Market Overview
10.1.2 South America Electronic Toll Collection System Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 South America Electronic Toll Collection System Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 Brazil Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Brazil Electronic Toll Collection System Market Breakdown by Offering
10.1.2.2.2 Brazil Electronic Toll Collection System Market Breakdown by Technology
10.1.2.2.3 Brazil Electronic Toll Collection System Market Breakdown by Application
10.1.2.3 Argentina Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Argentina Electronic Toll Collection System Market Breakdown by Offering
10.1.2.3.2 Argentina Electronic Toll Collection System Market Breakdown by Technology
10.1.2.3.3 Argentina Electronic Toll Collection System Market Breakdown by Application
10.1.2.4 Rest of SAM Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Rest of SAM Electronic Toll Collection System Market Breakdown by Offering
10.1.2.4.2 Rest of SAM Electronic Toll Collection System Market Breakdown by Technology
10.1.2.4.3 Rest of SAM 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 Magnetic Autocontrol GmbH
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 Sociedad Iberica de Construcciones Electricas SA
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 Mitsubishi Heavy Industries Ltd
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 Q-Free ASA
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
13. Appendix
13.1 About the Research Team
13.2 Word Index

LIST OF TABLES

Table 1. Electronic Toll Collection System Market Segmentation
Table 2. Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. South & Central America Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Offering
Table 4. South & Central America Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Technology
Table 5. South & Central America Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 6. South America Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Country
Table 7. Brazil Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 8. Brazil Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 9. Brazil Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 10. Argentina Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 11. Argentina Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 12. Argentina Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 13. Rest of SAM Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Offering
Table 14. Rest of SAM Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Technology
Table 15. Rest of SAM Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn) – By Application
Table 16. List of Abbreviation
 

LIST OF FIGURES

Figure 1. Electronic Toll Collection System Market Segmentation, By Country
Figure 2. Ecosystem: Electronic Toll Collection System Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. South & Central America Electronic Toll Collection System Market Revenue (US$ Million), 2022 – 2030
Figure 5. South & Central 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. South & Central 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. South & Central 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. South & Central 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. Brazil Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Argentina Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Rest of SAM Electronic Toll Collection System Market Revenue and Forecasts to 2030 (US$ Mn)

1. Conduent Inc
2. Kapsch TrafficCom AG
3. Thales SA
4. Magnetic Autocontrol GmbH
5. Sociedad Iberica de Construcciones Electricas SA
6. Mitsubishi Heavy Industries Ltd.
7. Q-Free ASA.

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