Road Electronic Toll Collection System (ETC) Market 2022: Industry Size, Emerging Trends, Growth Insights, Opportunities, and Forecast By 2028
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Electronic toll collection (ETC) is a wireless system to automatically collect the usage fee or toll charged to vehicles using toll roads, HOV lanes, toll bridges, and toll tunnels.
This report aims to provide a comprehensive presentation of the global market for Road Electronic Toll Collection System (ETC) study by Market Intellix gives insights concerning the market elements influencing the market, Market scope, Market division, and overlays shadow upon the leading market players featuring the positive cutthroat scene and patterns beating the years.
Global Road Electronic Toll Collection System (ETC) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Road Electronic Toll Collection System (ETC) Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Road Electronic Toll Collection System (ETC) companies in 2021 (%)
The global Road Electronic Toll Collection System (ETC) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
RFID Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Road Electronic Toll Collection System (ETC) include Kapsch TrafficCom, Conduent, EFKON GmbH, TransCore, Thales Group, Raytheon Technology Corporation, Cubic Corporation, Siemens and Neology, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
The study provides the Road Electronic Toll Collection System (ETC) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Segmental Outline:
Global Road Electronic Toll Collection System (ETC) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Road Electronic Toll Collection System (ETC) Market Segment Percentages, by Type, 2021 (%)
RFID
DSRC
Others
Global Road Electronic Toll Collection System (ETC) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Road Electronic Toll Collection System (ETC) Market Segment Percentages, by Application, 2021 (%)
Highways
Urban Areas
Global Road Electronic Toll Collection System (ETC) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Road Electronic Toll Collection System (ETC) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Road Electronic Toll Collection System (ETC) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Road Electronic Toll Collection System (ETC) revenues share in global market, 2021 (%)
Key companies Road Electronic Toll Collection System (ETC) sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Road Electronic Toll Collection System (ETC) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Kapsch TrafficCom
Conduent
EFKON GmbH
TransCore
Thales Group
Raytheon Technology Corporation
Cubic Corporation
Siemens
Neology
FEIG ELECTRONIC
Q-Free
Mitsubishi Heavy Industries
Hitachi
Toshiba
Quarterhill
Perceptics
Shenzhen Genvict Technologies
Beijing Juli Science and Technology
VanJee Technology
COSCO SHIPPING Technology
Anhui Wantong Technology
This Report Addresses:
– Market Intelligence enables effective decision-making
– Market estimates and forecasts from 2022 to 2028
– Growth opportunities and trend analysis
– Segment and regional revenue forecast for market evaluation
– Competitive strategy and analysis of market segments
– List of product innovations to stay on top.
– The impact of COVID-19 and how to survive in these fast-growing markets.
1 Introduction to Research & Analysis Reports
1.1 Road Electronic Toll Collection System (ETC) Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Road Electronic Toll Collection System (ETC) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Road Electronic Toll Collection System (ETC) Overall Market Size
2.1 Global Road Electronic Toll Collection System (ETC) Market Size: 2021 VS 2028
2.2 Global Road Electronic Toll Collection System (ETC) Revenue, Prospects & Forecasts: 2017-2028
2.3 Global Road Electronic Toll Collection System (ETC) Sales: 2017-2028
3 Company Landscape
3.1 Top Road Electronic Toll Collection System (ETC) Players in Global Market
3.2 Top Global Road Electronic Toll Collection System (ETC) Companies Ranked by Revenue
3.3 Global Road Electronic Toll Collection System (ETC) Revenue by Companies
3.4 Global Road Electronic Toll Collection System (ETC) Sales by Companies
3.5 Global Road Electronic Toll Collection System (ETC) Price by Manufacturer (2017-2022)
3.6 Top 3 and Top 5 Road Electronic Toll Collection System (ETC) Companies in Global Market, by Revenue in 2021
3.7 Global Manufacturers Road Electronic Toll Collection System (ETC) Product Type
3.8 Tier 1, Tier 2 and Tier 3 Road Electronic Toll Collection System (ETC) Players in Global Market
3.8.1 List of Global Tier 1 Road Electronic Toll Collection System (ETC) Companies
3.8.2 List of Global Tier 2 and Tier 3 Road Electronic Toll Collection System (ETC) Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Road Electronic Toll Collection System (ETC) Market Size Markets, 2021 & 2028
4.1.2 RFID
4.1.3 DSRC
4.1.4 Others
4.2 By Type - Global Road Electronic Toll Collection System (ETC) Revenue & Forecasts
4.2.1 By Type - Global Road Electronic Toll Collection System (ETC) Revenue, 2017-2022
4.2.2 By Type - Global Road Electronic Toll Collection System (ETC) Revenue, 2023-2028
4.2.3 By Type - Global Road Electronic Toll Collection System (ETC) Revenue Market Share, 2017-2028
4.3 By Type - Global Road Electronic Toll Collection System (ETC) Sales & Forecasts
4.3.1 By Type - Global Road Electronic Toll Collection System (ETC) Sales, 2017-2022
4.3.2 By Type - Global Road Electronic Toll Collection System (ETC) Sales, 2023-2028
4.3.3 By Type - Global Road Electronic Toll Collection System (ETC) Sales Market Share, 2017-2028
4.4 By Type - Global Road Electronic Toll Collection System (ETC) Price (Manufacturers Selling Prices), 2017-2028
5 Sights By Application
5.1 Overview
5.1.1 By Application - Global Road Electronic Toll Collection System (ETC) Market Size, 2021 & 2028
5.1.2 Highways
5.1.3 Urban Areas
5.2 By Application - Global Road Electronic Toll Collection System (ETC) Revenue & Forecasts
5.2.1 By Application - Global Road Electronic Toll Collection System (ETC) Revenue, 2017-2022
5.2.2 By Application - Global Road Electronic Toll Collection System (ETC) Revenue, 2023-2028
5.2.3 By Application - Global Road Electronic Toll Collection System (ETC) Revenue Market Share, 2017-2028
5.3 By Application - Global Road Electronic Toll Collection System (ETC) Sales & Forecasts
5.3.1 By Application - Global Road Electronic Toll Collection System (ETC) Sales, 2017-2022
5.3.2 By Application - Global Road Electronic Toll Collection System (ETC) Sales, 2023-2028
5.3.3 By Application - Global Road Electronic Toll Collection System (ETC) Sales Market Share, 2017-2028
5.4 By Application - Global Road Electronic Toll Collection System (ETC) Price (Manufacturers Selling Prices), 2017-2028
6 Sights by Region
6.1 By Region - Global Road Electronic Toll Collection System (ETC) Market Size, 2021 & 2028
6.2 By Region - Global Road Electronic Toll Collection System (ETC) Revenue & Forecasts
6.2.1 By Region - Global Road Electronic Toll Collection System (ETC) Revenue, 2017-2022
6.2.2 By Region - Global Road Electronic Toll Collection System (ETC) Revenue, 2023-2028
6.2.3 By Region - Global Road Electronic Toll Collection System (ETC) Revenue Market Share, 2017-2028
6.3 By Region - Global Road Electronic Toll Collection System (ETC) Sales & Forecasts
6.3.1 By Region - Global Road Electronic Toll Collection System (ETC) Sales, 2017-2022
6.3.2 By Region - Global Road Electronic Toll Collection System (ETC) Sales, 2023-2028
6.3.3 By Region - Global Road Electronic Toll Collection System (ETC) Sales Market Share, 2017-2028
6.4 North America
6.4.1 By Country - North America Road Electronic Toll Collection System (ETC) Revenue, 2017-2028
6.4.2 By Country - North America Road Electronic Toll Collection System (ETC) Sales, 2017-2028
6.4.3 US Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.4.4 Canada Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.4.5 Mexico Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.5 Europe
6.5.1 By Country - Europe Road Electronic Toll Collection System (ETC) Revenue, 2017-2028
6.5.2 By Country - Europe Road Electronic Toll Collection System (ETC) Sales, 2017-2028
6.5.3 Germany Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.5.4 France Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.5.5 U.K. Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.5.6 Italy Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.5.7 Russia Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.5.8 Nordic Countries Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.5.9 Benelux Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.6 Asia
6.6.1 By Region - Asia Road Electronic Toll Collection System (ETC) Revenue, 2017-2028
6.6.2 By Region - Asia Road Electronic Toll Collection System (ETC) Sales, 2017-2028
6.6.3 China Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.6.4 Japan Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.6.5 South Korea Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.6.6 Southeast Asia Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.6.7 India Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.7 South America
6.7.1 By Country - South America Road Electronic Toll Collection System (ETC) Revenue, 2017-2028
6.7.2 By Country - South America Road Electronic Toll Collection System (ETC) Sales, 2017-2028
6.7.3 Brazil Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.7.4 Argentina Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Road Electronic Toll Collection System (ETC) Revenue, 2017-2028
6.8.2 By Country - Middle East & Africa Road Electronic Toll Collection System (ETC) Sales, 2017-2028
6.8.3 Turkey Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.8.4 Israel Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.8.5 Saudi Arabia Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
6.8.6 UAE Road Electronic Toll Collection System (ETC) Market Size, 2017-2028
7 Manufacturers & Brands Profiles
7.1 Kapsch TrafficCom
7.1.1 Kapsch TrafficCom Corporate Summary
7.1.2 Kapsch TrafficCom Business Overview
7.1.3 Kapsch TrafficCom Road Electronic Toll Collection System (ETC) Major Product Offerings
7.1.4 Kapsch TrafficCom Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.1.5 Kapsch TrafficCom Key News
7.2 Conduent
7.2.1 Conduent Corporate Summary
7.2.2 Conduent Business Overview
7.2.3 Conduent Road Electronic Toll Collection System (ETC) Major Product Offerings
7.2.4 Conduent Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.2.5 Conduent Key News
7.3 EFKON GmbH
7.3.1 EFKON GmbH Corporate Summary
7.3.2 EFKON GmbH Business Overview
7.3.3 EFKON GmbH Road Electronic Toll Collection System (ETC) Major Product Offerings
7.3.4 EFKON GmbH Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.3.5 EFKON GmbH Key News
7.4 TransCore
7.4.1 TransCore Corporate Summary
7.4.2 TransCore Business Overview
7.4.3 TransCore Road Electronic Toll Collection System (ETC) Major Product Offerings
7.4.4 TransCore Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.4.5 TransCore Key News
7.5 Thales Group
7.5.1 Thales Group Corporate Summary
7.5.2 Thales Group Business Overview
7.5.3 Thales Group Road Electronic Toll Collection System (ETC) Major Product Offerings
7.5.4 Thales Group Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.5.5 Thales Group Key News
7.6 Raytheon Technology Corporation
7.6.1 Raytheon Technology Corporation Corporate Summary
7.6.2 Raytheon Technology Corporation Business Overview
7.6.3 Raytheon Technology Corporation Road Electronic Toll Collection System (ETC) Major Product Offerings
7.6.4 Raytheon Technology Corporation Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.6.5 Raytheon Technology Corporation Key News
7.7 Cubic Corporation
7.7.1 Cubic Corporation Corporate Summary
7.7.2 Cubic Corporation Business Overview
7.7.3 Cubic Corporation Road Electronic Toll Collection System (ETC) Major Product Offerings
7.7.4 Cubic Corporation Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.7.5 Cubic Corporation Key News
7.8 Siemens
7.8.1 Siemens Corporate Summary
7.8.2 Siemens Business Overview
7.8.3 Siemens Road Electronic Toll Collection System (ETC) Major Product Offerings
7.8.4 Siemens Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.8.5 Siemens Key News
7.9 Neology
7.9.1 Neology Corporate Summary
7.9.2 Neology Business Overview
7.9.3 Neology Road Electronic Toll Collection System (ETC) Major Product Offerings
7.9.4 Neology Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.9.5 Neology Key News
7.10 FEIG ELECTRONIC
7.10.1 FEIG ELECTRONIC Corporate Summary
7.10.2 FEIG ELECTRONIC Business Overview
7.10.3 FEIG ELECTRONIC Road Electronic Toll Collection System (ETC) Major Product Offerings
7.10.4 FEIG ELECTRONIC Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.10.5 FEIG ELECTRONIC Key News
7.11 Q-Free
7.11.1 Q-Free Corporate Summary
7.11.2 Q-Free Road Electronic Toll Collection System (ETC) Business Overview
7.11.3 Q-Free Road Electronic Toll Collection System (ETC) Major Product Offerings
7.11.4 Q-Free Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.11.5 Q-Free Key News
7.12 Mitsubishi Heavy Industries
7.12.1 Mitsubishi Heavy Industries Corporate Summary
7.12.2 Mitsubishi Heavy Industries Road Electronic Toll Collection System (ETC) Business Overview
7.12.3 Mitsubishi Heavy Industries Road Electronic Toll Collection System (ETC) Major Product Offerings
7.12.4 Mitsubishi Heavy Industries Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.12.5 Mitsubishi Heavy Industries Key News
7.13 Hitachi
7.13.1 Hitachi Corporate Summary
7.13.2 Hitachi Road Electronic Toll Collection System (ETC) Business Overview
7.13.3 Hitachi Road Electronic Toll Collection System (ETC) Major Product Offerings
7.13.4 Hitachi Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.13.5 Hitachi Key News
7.14 Toshiba
7.14.1 Toshiba Corporate Summary
7.14.2 Toshiba Business Overview
7.14.3 Toshiba Road Electronic Toll Collection System (ETC) Major Product Offerings
7.14.4 Toshiba Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.14.5 Toshiba Key News
7.15 Quarterhill
7.15.1 Quarterhill Corporate Summary
7.15.2 Quarterhill Business Overview
7.15.3 Quarterhill Road Electronic Toll Collection System (ETC) Major Product Offerings
7.15.4 Quarterhill Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.15.5 Quarterhill Key News
7.16 Perceptics
7.16.1 Perceptics Corporate Summary
7.16.2 Perceptics Business Overview
7.16.3 Perceptics Road Electronic Toll Collection System (ETC) Major Product Offerings
7.16.4 Perceptics Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.16.5 Perceptics Key News
7.17 Shenzhen Genvict Technologies
7.17.1 Shenzhen Genvict Technologies Corporate Summary
7.17.2 Shenzhen Genvict Technologies Business Overview
7.17.3 Shenzhen Genvict Technologies Road Electronic Toll Collection System (ETC) Major Product Offerings
7.17.4 Shenzhen Genvict Technologies Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.17.5 Shenzhen Genvict Technologies Key News
7.18 Beijing Juli Science and Technology
7.18.1 Beijing Juli Science and Technology Corporate Summary
7.18.2 Beijing Juli Science and Technology Business Overview
7.18.3 Beijing Juli Science and Technology Road Electronic Toll Collection System (ETC) Major Product Offerings
7.18.4 Beijing Juli Science and Technology Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.18.5 Beijing Juli Science and Technology Key News
7.19 VanJee Technology
7.19.1 VanJee Technology Corporate Summary
7.19.2 VanJee Technology Business Overview
7.19.3 VanJee Technology Road Electronic Toll Collection System (ETC) Major Product Offerings
7.19.4 VanJee Technology Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.19.5 VanJee Technology Key News
7.20 COSCO SHIPPING Technology
7.20.1 COSCO SHIPPING Technology Corporate Summary
7.20.2 COSCO SHIPPING Technology Business Overview
7.20.3 COSCO SHIPPING Technology Road Electronic Toll Collection System (ETC) Major Product Offerings
7.20.4 COSCO SHIPPING Technology Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.20.5 COSCO SHIPPING Technology Key News
7.21 Anhui Wantong Technology
7.21.1 Anhui Wantong Technology Corporate Summary
7.21.2 Anhui Wantong Technology Business Overview
7.21.3 Anhui Wantong Technology Road Electronic Toll Collection System (ETC) Major Product Offerings
7.21.4 Anhui Wantong Technology Road Electronic Toll Collection System (ETC) Sales and Revenue in Global (2017-2022)
7.21.5 Anhui Wantong Technology Key News
8 Global Road Electronic Toll Collection System (ETC) Production Capacity, Analysis
8.1 Global Road Electronic Toll Collection System (ETC) Production Capacity, 2017-2028
8.2 Road Electronic Toll Collection System (ETC) Production Capacity of Key Manufacturers in Global Market
8.3 Global Road Electronic Toll Collection System (ETC) Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Road Electronic Toll Collection System (ETC) Supply Chain Analysis
10.1 Road Electronic Toll Collection System (ETC) Industry Value Chain
10.2 Road Electronic Toll Collection System (ETC) Upstream Market
10.3 Road Electronic Toll Collection System (ETC) Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Road Electronic Toll Collection System (ETC) Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
Research Methodology:
Road Electronic Toll Collection System (ETC) Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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