Highway Infrastructure Expansion to Promote Global Electronic Toll Collection Market

Global electronic toll collection market is anticipated to grow at a CAGR of 6.6% during the forecast period (2024-2031). The significant potential of electronic toll collections to improve traffic management and transportation efficiency is a key factor driving the global electronic toll collection market. According to the Department of Transportation, in 2023, in the modernization, repair, and safety enhancements of the nation's road and bridge infrastructure, the Budget allocates a total of $68.9 billion for the Federal-aid highway program. This represents a significant increase of $19.8 billion from the 2021 enacted level. Notably, the Bipartisan Infrastructure Law contributes $9.4 billion for the year 2023, supporting various initiatives such as the rebuilding of bridges ($8 billion), the establishment of a nationwide network of electric vehicle chargers and alternative fueling infrastructure ($1.4 billion), carbon reduction grants ($1.3 billion), and resiliency grants to combat hazards and climate change ($1.7 billion).

Browse the full report description of “Electronic Toll Collection Market Size, Share & Trends Analysis Report by Type (Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), Automatic Vehicle Identification System (AVIS), and Others), and by Technology (Radio Frequency Identification, Dedicated Short Range Communication, Global Navigation Satellite System (GNSS)/GPS, Video Analytics Cell Phone Tolling, and Others), and by End-User (Highway, and Urban Area) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/electronic-toll-collection-market

Furthermore, the increases in air transport suggests that the infrastructure supporting ground transportation needs to be improved as the demand for effective mobility grows. According to the US Facts, in 2023, the federal government spent $44.8 billion on infrastructure, with 81.5 billion allocated to states. FEMA allocated over $210.0 million for infrastructure repair after natural disasters. Air travel increased but decreased, and 44.0% of bridges are in good condition. 

Market Coverage

• The market number available for – 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By Technology

o By End-User

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape - Conduent, Inc., Kapsch TrafficCom AG, Siemens Ltd., IBI Group Inc., and Thales among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Electronic Toll Collection Market Report Segment

By Type

• Automatic Vehicle Classification (AVC)
• Violation Enforcement System (VES)
• Automatic Vehicle Identification System (AVIS)
• Others (Transaction Processing/Back Office)

By Technology

• Radio Frequency Identification
• Dedicated Short-Range Communication

Global Navigation Satellite System (GNSS)/GPS

• Video Analytics
• Cell Phone Tolling
• Others (Barcode-based ETC)

By End-User

• Highway
• Urban Area

Global Electronic Toll Collection Market Report Segment by Region

North America

• United States

• Canada 

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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