Electronic Toll Collection Market Report Scope & Overview:

The Electronic Toll Collection Market Size was valued at USD 9.4 billion in 2023 and is expected to reach USD 16.85 billion by 2031, and grow at a CAGR of 7.56 % over the forecast period 2024-2031.

The electronic toll collection (ETC) system is a high-end technology that allows for automatic toll collection without the driver having to stop. It employs cutting-edge technological solutions such as RFID, DSRC, GPS & GNSS toll collection to efficiently manage traffic in congested areas, thereby easing toll collection.

Electronic Toll Collection Market Revenue Analysis

Get more information on Electronic Toll Collection Market - Request Sample Report

Electronic toll collection, also known as automated toll collection, is expected to grow in market value over the forecast period due to potential benefits such as increased time efficiency, vehicle identification, and technological advancements. Because of strong government support, the demand for the Electronic Toll Collection market is skyrocketing in developing countries. Tolls are collected by governmental organisations in developed countries on highways, tunnels, and bridges, which contributes to traffic congestion and fatal accidents. In order to reduce such occurrences, they are installing Electronic Toll Collection Systems in addition to traditional Toll Collection Systems to ensure free traffic flow.



  • Cashless payments provide greater convenience.

  • There is strong government support for expanding the deployment of electronic toll collection systems.

  • Increased use of electronic tolling systems to reduce traffic congestion, accidents, and pollution.


  • Satellite-based GPS technologies are not widely used.

  • Developmental countries face implementation challenges.


  • All-electronic tolling systems are becoming more popular.

  • A growing number of public-private partnership agreements are being signed in the transportation sector.

  • Blockchain technology integration into toll collection systems.


  • Problems with toll collection technology selection.

  • No common technological standards for vehicle recognition.


Several manufacturing verticals and production units have seen their growth stifled as a result of the pandemic. The pandemic had a particularly negative impact on the automotive, construction, transportation, and semiconductor industries. Because the manufacturing units were shut down, the supply and chain disruption were exacerbated throughout the pandemic. These elements have had a significant impact on the overall growth of the Electronic Toll Collection industry. Furthermore, raw materials for electronic equipment such as RFID chips, controllers, processors, cameras, and transponders were shipped from countries such as China and the United States to manufacturing units around the world. Because of significant restrictions on global movement and logistics at international borders, raw materials were not transported to manufacturing companies, affecting manufacturing processes as well. As a result, the widespread COVID 19 has had a significant impact on the value of the Electronic Toll Collection Industry.

Based on type, the electronic toll collection market is segmented into Transponder (Tag-based Tolling Systems), and Other Tolling Systems. Based on technology, the electronic toll collection market is segmented into RFID, DSRC, GPS, GNSS, and Others.

Transponders have long been used to identify vehicles. An RFID chip is mounted on the vehicle in this method, particularly near the rear-view mirror. The transponder or tag responds to radio signals transmitted by gantries located in high-traffic areas such as cities or highways. Tolls can be paid with credit or debit cards by vehicle owners. On-board DSRC technology-based transponders deployed on or in vehicles communicate with roadside DSRC technology-based transponder units, which alert the driver to potential safety hazards, toll payments, and parking payments. There are also GNSS-based electronic toll collection systems and transponders on the market.

Based on application, the electronic toll collection market is segmented into Highways, and Urban Areas. Highways play a critical role in making our lives easier. They are necessary for getting from one location to another quickly and efficiently. However, high-speed traffic poses some difficulties. Safety is critical on highways designed for high-speed traffic. The more up-to-the-minute information motorists have about the current traffic situation, the safer they will be while driving. On highways, vehicles travel at high speeds; electronic toll collection systems enable vehicle owners to conduct a convenient digital payment without stopping at tollbooths. This system has ushered in a new era by making toll collection easier, faster, and more efficient.



  • Transponder (Tag-based Tolling Systems)

  • Other Tolling Systems


  • Hardware

  • Back-office & Other Services


  • RFID

  • DSRC

  • GPS

  • GNSS

  • Others


  • Highways

  • Urban Areas  


North America is expected to continue to lead the electronic toll collection market by capturing the largest market share throughout the forecast period, Due to the replacement of legacy payment systems with digital tags, Minimization of component size and the emergence of new technologies such as RFID have the potential to boost demand in the region. The rising number of government initiatives aimed at achieving congestion-free transportation, rapidly increasing vehicle demand and production in North America, and adoption of cutting-edge technological solutions, such as GPS and GNSS toll collection and tracking solutions, are propelling the regional electronic toll collection market forward.

Electronic Toll Collection Market By Region

Need any customization research on Electronic Toll Collection Market - Enquiry Now


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America


The key players in the electronic toll collection market are Abertis, Cubic Corporation, GeoToll, Kapsch TrafficCom, Raytheon Company, Conduent, Denso Corporation, International Road Dynamics, Perceptics, Siemens & Other Players.

Cubic Corporation-Company Financial Analysis

Company Landscape Analysis

Electronic Toll Collection Market Report Scope:
Report Attributes 3Details
Market Size in 2023 US$ 9.4 Billion
Market Size by 2031 US$ 16.85 Billion 
CAGR CAGR of 7.56 % From 2024 to 2031
Base Year 2022
Forecast Period 2024-2031
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Transponder (Tag-Based Tolling Systems), Other Tolling Systems)
• By Offering (Hardware, Back-Office & Other Services)
• By Technology (RFID, DSRC, GPS, GNSS, Others)
• By Application (Highways, Urban Areas)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Abertis, Cubic Corporation, GeoToll, Kapsch TrafficCom, Raytheon Company, Conduent, Denso Corporation, International Road Dynamics, Perceptics, and Siemens.
Key Drivers • Cashless payments provide greater convenience.
RESTRAINTS • Satellite-based GPS technologies are not widely used.
• Developmental countries face implementation challenges.

Frequently Asked Questions

Ans: The Electronic toll collection market size was valued at US$ 9.4 billion in 2023. 

The market has been segmented with respect to type, offering, technology and application.

North American region is expected to dominate the Electronic toll collection market.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Ans: The Electronic Toll Collection Market is growing at a CAGr of 7.56% over the forecast period 2024-2031. 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value Chain Analysis


6. Porter’s 5 forces model

7.  PEST Analysis


8. Electronic toll collection market Segmentation, by Type


8.2 Transponder (Tag-based Tolling Systems)

8.3 Other Tolling Systems

9. Electronic toll collection market Segmentation, by Offering


9.2 Hardware

9.3 Back-office & Other Services

10. Electronic toll collection market Segmentation, by Technology

10.1 Introduction

10.2 RFID

10.3 DSRC

10.4 GPS

10.5 GNSS

10.6 Others

11. Electronic toll collection market Segmentation, by Application

11.1 Introduction

11.2 Highways

11.3 Urban Areas

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

13. Company Profiles

13.1 International Road Dynamics.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Abertis

13.3 Cubic Corporation

13.4 GeoToll

13.5 Kapsch TrafficCom

13.6 Raytheon Company

13.7 Conduent

13.8 Denso Corporation

13.9 Perceptics

13.10 Siemens

14. Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

  •            5000 (33% Discount)

  •            8950 (40% Discount)

  •            3050 (23% Discount)

Start a Conversation

Hi! Click one of our member below to chat on Phone