According to a market report by Lucintel, the future of the electronic toll collection market looks promising with opportunities in the highway and urban applications. The electronic toll collection market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are effective solutions for traffic congestion, increasing allocation of funds by various governments to reduced environmental pollution, and cashless travel facility.
In this market, tag-based and others systems are used for toll collection. Radio-frequency Identification (RFID), dedicated short-range communication (DSRC),positioning system/ navigation satellite system (GPS/GNSS) and video analytics are the major technology types of this market. Within the electronic toll collection market, highway and urban are the major applications.
Raytheon, Xerox Corporation (Conduent Business Services), Efkon, Kapsch Trafficcom, Q- Free, Toshiba Corporation, Siemens, Thales Group, Transurban Limited, International Road Dynamics are among the major suppliers of electronic toll collection.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the electronic toll collection market by system type, application, technology and region. Lucintel has prepared a comprehensive research report titled “Electronic Toll Collection Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the lobal electronic toll collection market by system type, technology, application, and region as follows:
By System Type [$M shipment analysis for 2013 – 2024]:
• Tag-Based Toll Collection Systems
• Other Toll Collection Systems
By Technology [$M shipment analysis for 2013 – 2024]:
• Radio-frequency Identification (RFID)
• Dedicated Short-Range Communication (DSRC)
• Positioning System/ Navigation Satellite System (GPS/GNSS)
• Video Analytics
By Application [$M shipment analysis for 2013 – 2024]:
• Highway
• Urban
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the electronic toll collection market, by system type (transponder- or tag-based toll collection systems and other collection system), technology (radio-frequency identification (RFID), dedicated short-range communication (DSRC)) positioning system/navigation satellite system (GPS/GNSS) (video analytics, electronic toll collection market), application (highway, urban), and region (North America, Europe, APAC, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the electronic toll collection market?
Q.5 What are the business risks and threats to the electronic toll collection market?
Q.6 What are emerging trends in this electronic toll collection market and the reasons behind them?
Q.7 What are some changing demands of customers in the electronic toll collection market?
Q.8 What are the new developments in the electronic toll collection market? Which companies are leading these developments?
Q.9 Who are the major players in this electronic toll collection market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this electronic toll collection area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this electronic toll collection market?