The highway segment accounted for the larger share of ~91% of the electronic toll collection market in 2029. Vehicles are driven at high speeds on highways; however, high-speed traffic can also pose certain challenges. Hence, safety is crucial on roads designed and constructed for high-speed travel. The more real-time information that motorists receive on the current traffic situation, the safer they are while driving. For example, Kapsch Trafficcom’s intelligent urban traffic concepts are based on advanced technologies, such as ANPR, DSRC, and GNSS, to ensure calculation of the correct payment of tolls. These technologies have demonstrated efficacy in highway toll collection and ensure high reliability and accuracy.

Integration and enforcement services

Back office and other services segment accounted for the larger share of ~75% of the electronic toll collection market in 2029. The back-office integration and enforcement services include customer services and services related to host and toll plaza systems. Host and plaza systems collect transactional data from all types of lanes, summarise data, generate reports, and download files providing details regarding toll rates, toll schedules, and transponder status lists. Back-office operations involve the management of payments made via generic payment methods, barcoding, online modes, digital payment methods, RFID, etc.

RFID accounts for largest share

The RFID segment accounted for the largest market share of ~64% in 2029. RFID technology utilises radio-frequency electromagnetic fields to identify objects that carry RFID tags. This technology is used for electronic identification, tracking, and storing information on a tag. Two-way radio transmitters/receivers, also called interrogators or readers, send a signal to the tag and read its response. RFID readers scan the tag and send the information to the database for storage. RFID is a prominent electronic toll collection technology due to its low operational cost.

Asia Pacific is strongest geographical market

Asia Pacific held the largest share of ~32% in the electronic toll collection market in 2029. Asia Pacific is one of the most important high-potential markets for electronic toll collection systems. The market in this region has been segmented into China, Japan, ASEAN countries, and Rest of Asia Pacific. For most countries in the region, Asia Pacific is in the early stage of adopting electronic toll collection solutions. Rapid urbanisation and industrialisation and strong government support for infrastructure development have fuelled the adoption of electronic toll collection systems in the region. The increasing urban population has given rise to more traffic congestion, which has increased the number of accidents and deteriorated the environment. Electronic toll collection systems’ deployment prevents accidents and improves the environment by reducing air pollution.

Market players

Key players in this sector and named within the Marketsandmarkets report include, Kapsch Trafficcom, Conduent, Transcore, Thales, and Cubic Corporation.