Electronic Toll Collection (ETC) Systems

Need for Smart Financing of Road Infrastructure & Innovative Strategies to Relieve Traffic Congestion Drives Opportunities for Electronic Toll Collection (ETC) Systems
ELECTRONIC TOLL COLLECTION (ETC) SYSTEMS: A RESEARCH BRIEF
The global market for Electronic Toll Collection (ETC) Systems is forecast to reach US$10.6 billion by 2024, driven by investment challenges involved in developing and maintaining road networks and the resulting focus on tolling as a revenue generation mechanism; and stringent road user charging measures taken by governments across the globe to battle traffic congestion in urban areas. Designed to transform traditional toll collection procedures, few of the benefits of electronic toll collection (ETC) system driving its adoption include significant time/cost savings, better convenience for commuters, elimination of manual collection of toll payments and physical operation of toll barriers, reduction in emissions caused by idling vehicles and their engines, and reduced risk of toll evasion and non-payment. Progressive developments in ETC technologies are also positively influencing governments across the world to make bulk investments in ETC toll lanes. The United States represents the largest market worldwide. China ranks as the fastest growing market with a CAGR of 16.5% over the analysis period led by new regulations that favor tolling. The country currently flaunts over 175,000 kilometers of toll roads. The whopping figure accounts for less than 5% of the country’s total road network, highlighting the untapped potential in store for toll road conversions and for the use of ETC technology. The country’s aggressive road network expansion policies therefore bode well for the growth of the ETC market in the country.
  • Summary of Findings
  • Massively Growing Infrastructure Needs Drives Opportunities for “ETC” as Governments Focus on Bridging the Investment Gap Through Tolling
  • In a World Where Time is Money, the Rising Economic Cost of Excess Travel/Transit Delays Strengthens the Business Case for Tolling to Manage Vehicular Congestion
  • Growing Investments in Intelligent Transportation Systems (ITS) to Catalyze the Deployment of ETC Systems for Intelligent Traffic Control
  • Strong Penetration of Internet, Smartphones and Mobile Broadband in Developing Countries Spurs Opportunities for the Development of Internet-Based Electronic Toll Collection Systems
  • RFID Based ETC Systems Remain a Popular Choice as Evidenced by the Strong Preference for RFID Technology in Transportation Applications
  • Timeline for Analysis
  • Market Estimates and Forecasts for 2016-2024
  • Geographic Markets Analyzed
  • US, Canada, Japan, Europe (France, Italy, Spain, Austria, Portugal, and Rest of Europe), China, South Korea and Rest of World
MAJOR PLAYERS
  • Atlantia SpA
  • Cubic Corporation
  • DENSO CORPORATION
  • EFKON AG
  • Far Eastern Electronic Toll Collection Co.
  • GeoToll
KEY RESEARCH DELIVERABLES
  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable
INFOGRAPHICS ON ELECTRONIC TOLL COLLECTION (ETC) SYSTEMS