The Europe Electronic Toll Collection Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
The increased adoption by governments in various locations is what is behind the growth in demand for efficient traffic management at toll collection facilities. An effective and efficient traffic management system guarantees a smooth flow of traffic and reduces wait times at toll booths. By facilitating quick and easy payment at toll booths, this technique eases traffic congestion. ETC saves money for the toll owners private or government by enabling the elimination of tickets, lowering the cost of labor, and reducing the amount of time spent traveling.
A better environment and cheaper sanitary costs are also obtained indirectly via ETC systems' reduced air pollution & other environmental consequences. These elements are anticipated to support the market for electronic toll collecting in its expansion. ETC systems require the collaboration of numerous parties, including infrastructure providers, telecom operators, manufacturers, service providers, governmental organizations, and user groups. They are challenging to execute by a single stakeholder. Therefore, the viability of the integrated ETC system may depend heavily on the public-private partnership paradigm.
With the Department of Transportation's approval of 18 new road projects, drivers could soon enjoy shorter commutes and better journeys. The first round of successful schemes have been declared by the government in September 2019 and will move on to the following round of development. The UK can compete worldwide due to its roads. They promote commerce & draw investment, making the UK a desirable location for business. Roads facilitate commercial travel. A lot of people use their cars for work. Truck drivers, who depend on safe highways to complete their deliveries, are the most noticeable of them.
The Germany market dominated the Europe Electronic Toll Collection Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $758 million by 2028. The UK market is anticipated to grow at a CAGR of 4.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.6% during (2022 - 2028).
Based on Type, the market is segmented into Transponder-/Tag-based Tolling Systems and Other Tolling Systems. Based on Technology, the market is segmented into RFID, Dedicated Short-Range Communication (DSRC), and Others. Based on Offering, the market is segmented into Back-office & Other Services and Hardware. Based on Application, the market is segmented into Highways and Urban Areas. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Electronic Toll Collection Market will Hit $11.6 Billion by 2028, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Raytheon Technologies Corporation, Kapsch TrafficCom AG (Datax Handels Gmbh), Conduent, Incorporated, Cubic Corporation, Siemens AG, TransCore (ST Engineering), Efkon GmbH (STRABAG SE), and FEIG ELECTRONIC GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Transponder-/Tag-based Tolling Systems
- Other Tolling Systems
By Technology
- RFID
- Dedicated Short-Range Communication (DSRC)
- Others
By Offering
- Back-office & Other Services
- Hardware
By Application
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Thales Group S.A.
- Raytheon Technologies Corporation
- Kapsch TrafficCom AG (Datax Handels Gmbh)
- Conduent, Incorporated
- Cubic Corporation
- Siemens AG
- TransCore (ST Engineering)
- Efkon GmbH (STRABAG SE)
- FEIG ELECTRONIC GmbH
TABLE 1 Europe Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 2 Europe Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 3 Europe Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 4 Europe Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 5 Europe Transponder-/Tag-based Tolling Systems Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Transponder-/Tag-based Tolling Systems Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Other Tolling Systems Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Other Tolling Systems Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 10 Europe Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 11 Europe RFID Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe RFID Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Dedicated Short-Range Communication (DSRC) Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Dedicated Short-Range Communication (DSRC) Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 18 Europe Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 19 Europe Back-office & Other Services Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Back-office & Other Services Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Hardware Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Hardware Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 24 Europe Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 25 Europe Highways Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Highways Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Urban Areas Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Urban Areas Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Electronic Toll Collection Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Electronic Toll Collection Market by Country, 2022 - 2028, USD Million
TABLE 31 Germany Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 32 Germany Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 33 Germany Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 34 Germany Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 35 Germany Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 36 Germany Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 37 Germany Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 38 Germany Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 39 Germany Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 40 Germany Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 41 UK Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 42 UK Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 43 UK Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 44 UK Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 45 UK Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 46 UK Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 47 UK Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 48 UK Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 49 UK Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 50 UK Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 51 France Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 52 France Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 53 France Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 54 France Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 55 France Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 56 France Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 57 France Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 58 France Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 59 France Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 60 France Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 61 Russia Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 62 Russia Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 63 Russia Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 64 Russia Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 65 Russia Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 66 Russia Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 67 Russia Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 68 Russia Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 69 Russia Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 70 Russia Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 71 Spain Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 72 Spain Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 73 Spain Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 74 Spain Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 75 Spain Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 76 Spain Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 77 Spain Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 78 Spain Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 79 Spain Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 80 Spain Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 81 Italy Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 82 Italy Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 83 Italy Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 84 Italy Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 85 Italy Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 86 Italy Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 87 Italy Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 88 Italy Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 89 Italy Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 90 Italy Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 91 Rest of Europe Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 92 Rest of Europe Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 93 Rest of Europe Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 94 Rest of Europe Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 95 Rest of Europe Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 96 Rest of Europe Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 101 key information – Thales Group S.A.
TABLE 102 Key Information – Raytheon Technologies Corporation
TABLE 103 Key Information – Kapsch TrafficCom AG
TABLE 104 Key Information –Conduent, Incorporated
TABLE 105 Key Information – Cubic Corporation
TABLE 106 Key Information – Siemens AG
TABLE 107 Key information – TransCore
TABLE 108 Key Information – EFKON GmbH
TABLE 109 Key Information – FEIG ELECTRONIC GmbH
TABLE 110 Key Information – Neology Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Siemens AG
FIG 3 Recent strategies and developments: FEIG ELECTRONIC GmbH