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Table of Contents
Every construction and road needs maintenance and recovery. The cost required for maintenance and recovery of highways, roads, bridges and tunnels is collected directly or indirectly from public. This is known as toll collection. But in indirect tax pay method, people who do not use roads have to pay extra taxes. Where as in direct method, toll is directly collected from drivers passing the tollway. The manual collection of tolls at toll booths causes traffic and delays. Therefore manual toll collection is replaced by electronic toll collection systems to eliminate manual operation by toll payers and receivers.
Depending on technology used for toll collection, the market is segmented into RFID-Based Electronic Toll Collection System, Dedicated short range communications DSRC-Based Electronic Toll Collection System, Video Analytics-Based Electronic Toll Collection System and GNSS/GPS-Based Electronic Toll Collection System. Currently, RFID and DSRC dominated the market. In upcoming years video analyst and GNSS/GPS systems are expected to experience higher growth rate, because of increasing cases of toll violations, which raise the need for an improved toll management solution.
The video analytics technology helps to identify and record violations. Also it uses special cameras to take photographs of the violating vehicle’s license plate. Automatic Vehicle Identification (AVI) and RFID technology introduced new aspect in vehicle access and tolling industry. AVI helps to determine the identification or ownership of the vehicle so that the toll will be charged to the corresponding customer. It is used in applications like toll collection, vehicle management, traffic management, and safety and law enforcement. These advances in toll collection helps in eliminating traffic on highways in urban areas. Depending on application toll collection and vehicle access system market is divided into highway and urban bridges.
North America and Europe shares largest market for toll collection and vehicle access systems. Several developed and developing countries across the world invest and adopt new technology, this is the major factor for growth the market. It is expected that growth rate will be double in these countries during forecast period.
Profshare Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users/regions. Our study on Vehicle Toll Collection and Access Systems Market helps users to make precise decision to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in Vehicle Toll Collection and Access Systems Market also covers financial overview, market strategies, new product analysis and marketing trends.
Vehicle Toll Collection and Access Systems Market : Product Type
Vehicle Toll Collection and Access Systems Market : End Users/ Applications
Vehicle Toll Collection and Access Systems Market : Companies Covered
Vehicle Toll Collection and Access Systems Market : Regional Analysis
Vehicle Toll Collection and Access Systems Market report delivers comprehensive analysis of :
Global Vehicle Toll Collection and Access Systems Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2019-2024 |
Forecast Data |
2025-2031 |
Base Year Value (2024) |
USD 6050 million |
Forecast Value (2031) |
USD 12560.77 million |
CAGR (2025-2031) |
11 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Vehicle Toll Collection and Access Systems Market was valued at around USD 6050 million in 2024 & is estimated to reach USD 12560.77 million by 2031.
Vehicle Toll Collection and Access Systems Market is likely to grow at Compound Annual Growth Rate (CAGR) of 11% between 2025-2031.
Vehicle Toll Collection and Access Systems Market is dominated by the RFID-Based Electronic Toll Collection System segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Vehicle Toll Collection and Access Systems Market are Schneider Electric, Feig Electronics, Siemens, Thales Group, Robert Bosch, Denso, Efkon AG, Magnetic Autocontrol, Hitachi, TRMI Systems, Mitsubishi Heavy Industries.
Primary driving factors for the growth of the Vehicle Toll Collection and Access Systems Market include Increasing cases of toll violations, which raise the need for an improved toll management solution.
Yes, the report includes Geopolitical impact on the market.
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