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Electronic Toll Collection (ETC) Market Share

Report ID: GMI1615
Published Date: Nov 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 Questions (FAQ) :

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.

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

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.

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.