How big is the electronic toll collection market?

The market size of electronic toll collection reached USD 7.5 billion in 2023 and is projected to grow at a CAGR of 11.9% from 2024 to 2032, driven by increasing governmental support in Europe.

Who are the major players in the electronic toll collection market?

The key players in the industry include Atlantia S.p.A., Cubic Corporation, Electronic Transaction Consultants, LLC., Kapsch TrafficCom, Mitsubishi Heavy Industries Machinery Systems Ltd, Siemens AG, Toshiba, T-Systems, and Verra Mobility.

How much is the U.S. electronic toll collection industry worth?

The U.S. market accounted for over 69% of the revenue share in 2023 and is expected to exceed USD 6.3 billion by 2032, led by the adoption of advanced tolling technologies.

What is the market share of the Automatic Vehicle Identification System (AVIS) segment?

The AVIS segment held around 45% of the market share in 2023, leveraging advanced technologies like RFID, license plate recognition, and IoT sensors.

Electronic Toll Collection Market Share

Report ID: GMI1615

Published Date: November 2024

Report Format: PDF

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Electronic Toll Collection Market Share

Electronic Toll Collection (ETC) Company Market Share, 2023

Siemens AG and Mitsubishi Heavy Industries Ltd collectively held a substantial market share of over 11% in the electronic toll collection (ETC) industry in 2023. Siemens, a German conglomerate, has a strong foothold in industries like energy, healthcare, automation, and transportation, driven by its focus on digitalization, sustainability, and smart infrastructure. Its commitment to R&D and technological advancements, such as digital twin technology and smart grid solutions, has positioned it as a leader in the global industrial landscape.

MHI’s technological expertise and commitment to energy-efficient, low-emission solutions, especially in power generation, align well with global demands for cleaner energy. Both companies have established global supply chains, strategic partnerships, and strong customer bases, enabling them to influence and lead within their respective markets.

Electronic Toll Collection Market Companies

Major players operating in the electronic toll collection (ETC) industry are:

Atlantia S.p.A.
Cubic Corporation
Electronic Transaction Consultants, LLC.
Kapsch TrafficCom
Mitsubishi Heavy Industries Machinery Systems Ltd
Siemens AG
Toshiba
T-Systems
Verra Mobility

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Question(FAQ) :

How big is the electronic toll collection market?: The market size of electronic toll collection reached USD 7.5 billion in 2023 and is projected to grow at a CAGR of 11.9% from 2024 to 2032, driven by increasing governmental support in Europe.
Who are the major players in the electronic toll collection market?: The key players in the industry include Atlantia S.p.A., Cubic Corporation, Electronic Transaction Consultants, LLC., Kapsch TrafficCom, Mitsubishi Heavy Industries Machinery Systems Ltd, Siemens AG, Toshiba, T-Systems, and Verra Mobility.
How much is the U.S. electronic toll collection industry worth?: The U.S. market accounted for over 69% of the revenue share in 2023 and is expected to exceed USD 6.3 billion by 2032, led by the adoption of advanced tolling technologies.
What is the market share of the Automatic Vehicle Identification System (AVIS) segment?: The AVIS segment held around 45% of the market share in 2023, leveraging advanced technologies like RFID, license plate recognition, and IoT sensors.

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Authors: Preeti Wadhwani, Satyam Jaiswal

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Base Year: 2023

Companies covered: 20

Tables & Figures: 314

Countries covered: 21

Pages: 200

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Electronic Toll Collection Market Share

Electronic Toll Collection Market Share

Electronic Toll Collection Market Companies

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