The North America Electronic Toll Collection Market would witness market growth of 5.3% CAGR during the forecast period (2022-2028).
Electronic toll collection is a more affordable option than a staffed booth since it delivers transparency and lowers transaction costs for government organizations. Further, advantages like shorter wait times, enhanced safety, and improved traffic are set to propel the use of electronic toll collection booths, driving the electronic toll collection market ahead.
Cashless tolling, which is already in use on a number of toll roads & bridges, is the way of the tolling future. Numerous avenues exist for the general population to gain from the system. Because cars do not have to stop or slow down in order to pay their toll at a physical booth, cashless tolling in particular makes travel speedier and more convenient. The benefits include decreased engine idling, less fuel being spent, and fewer toll plaza accidents.
The North American road system has developed over time into a sophisticated network of physical infrastructure, including bridges, roads, & overpasses, all of which are intended to handle heavy traffic. An equally complex network of human systems focused on a hierarchy of governmental agencies and their related financial backing, has established the system and continues to alter and maintain it. The development of the road network took place over several decades, in part due to changes in transportation technology and the availability of resources.
The US market dominated the North America Electronic Toll Collection Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,966.2 million by 2028. The Canada market is poised to grow at a CAGR of 7.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electronic Toll Collection Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electronic Toll Collection Market, by Type
1.4.2 North America Electronic Toll Collection Market, by Technology
1.4.3 North America Electronic Toll Collection Market, by Offering
1.4.4 North America Electronic Toll Collection Market, by Application
1.4.5 North America Electronic Toll Collection Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Electronic Toll Collection Market by Type
3.1 North America Transponder-/Tag-based Tolling Systems Market by Country
3.2 North America Other Tolling Systems Market by Country
Chapter 4. North America Electronic Toll Collection Market by Technology
4.1 North America RFID Market by Country
4.2 North America Dedicated Short-Range Communication (DSRC) Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Electronic Toll Collection Market by Offering
5.1 North America Back-office & Other Services Market by Country
5.2 North America Hardware Market by Country
Chapter 6. North America Electronic Toll Collection Market by Application
6.1 North America Highways Market by Country
6.2 North America Urban Areas Market by Country
Chapter 7. North America Electronic Toll Collection Market by Country
7.1 US Electronic Toll Collection Market
7.1.1 US Electronic Toll Collection Market by Type
7.1.2 US Electronic Toll Collection Market by Technology
7.1.3 US Electronic Toll Collection Market by Offering
7.1.4 US Electronic Toll Collection Market by Application
7.2 Canada Electronic Toll Collection Market
7.2.1 Canada Electronic Toll Collection Market by Type
7.2.2 Canada Electronic Toll Collection Market by Technology
7.2.3 Canada Electronic Toll Collection Market by Offering
7.2.4 Canada Electronic Toll Collection Market by Application
7.3 Mexico Electronic Toll Collection Market
7.3.1 Mexico Electronic Toll Collection Market by Type
7.3.2 Mexico Electronic Toll Collection Market by Technology
7.3.3 Mexico Electronic Toll Collection Market by Offering
7.3.4 Mexico Electronic Toll Collection Market by Application
7.4 Rest of North America Electronic Toll Collection Market
7.4.1 Rest of North America Electronic Toll Collection Market by Type
7.4.2 Rest of North America Electronic Toll Collection Market by Technology
7.4.3 Rest of North America Electronic Toll Collection Market by Offering
7.4.4 Rest of North America Electronic Toll Collection Market by Application
Chapter 8. Company Profiles
8.1 Thales Group S.A.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research and Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.2 Raytheon Technologies Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 Kapsch TrafficCom AG (Datax Handelsgmbh)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Geographical Expansions:
8.4 Conduent, Incorporated
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.5 Cubic Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research and Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Siemens AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 TransCore (ST Engineering)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.8 EFKON GmbH (STRABAG SE)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 FEIG ELECTRONIC GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Acquisition and Mergers:
8.10. Neology Inc. (One Equity Partners)
8.10.1 Company Overview
TABLE 1 North America Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 2 North America Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 3 North America Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Transponder-/Tag-based Tolling Systems Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Transponder-/Tag-based Tolling Systems Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Other Tolling Systems Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Other Tolling Systems Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 10 North America Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 11 North America RFID Market by Country, 2018 - 2021, USD Million
TABLE 12 North America RFID Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Dedicated Short-Range Communication (DSRC) Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Dedicated Short-Range Communication (DSRC) Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 18 North America Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 19 North America Back-office & Other Services Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Back-office & Other Services Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 24 North America Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 25 North America Highways Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Highways Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Urban Areas Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Urban Areas Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Electronic Toll Collection Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Electronic Toll Collection Market by Country, 2022 - 2028, USD Million
TABLE 31 US Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 32 US Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 33 US Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 34 US Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 35 US Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 36 US Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 37 US Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 38 US Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 39 US Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 40 US Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 41 Canada Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 42 Canada Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 43 Canada Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 44 Canada Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 45 Canada Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 46 Canada Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 47 Canada Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 48 Canada Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 49 Canada Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 50 Canada Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 51 Mexico Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 52 Mexico Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 53 Mexico Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 54 Mexico Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 55 Mexico Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 56 Mexico Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 57 Mexico Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 58 Mexico Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 59 Mexico Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 60 Mexico Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 61 Rest of North America Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 62 Rest of North America Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 63 Rest of North America Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 64 Rest of North America Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 65 Rest of North America Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 66 Rest of North America Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 67 Rest of North America Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 68 Rest of North America Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 69 Rest of North America Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 70 Rest of North America Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 71 key information – Thales Group S.A.
TABLE 72 Key Information – Raytheon Technologies Corporation
TABLE 73 Key Information – Kapsch TrafficCom AG
TABLE 74 Key Information –Conduent, Incorporated
TABLE 75 Key Information – Cubic Corporation
TABLE 76 Key Information – Siemens AG
TABLE 77 Key information – TransCore
TABLE 78 Key Information – EFKON GmbH
TABLE 79 Key Information – FEIG ELECTRONIC GmbH
TABLE 80 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