Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Electronic Toll Collection Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
How Will the Electronic Toll Collection Market Grow Between 2024 and 2025?
The market size of the electronic toll collection has seen significant growth recently. It was $8.71 billion in 2024 and is expected to increase to $9.51 billion in 2025. The Compound Annual Growth Rate (CAGR) for this market is projected to be 9.2%.
How Much Will the Electronic Toll Collection Market Be Worth in 2029?
The Electronic Toll Collection Global Market is projected to reach $13.39 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.9%.
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Which Electronic Toll Collection Market Drivers Are Linked to Revenue Growth?
The key drivers in the electronic toll collection market are:
• Increasing traffic levels on highways
• Elevated adoption rates of video analytics and digital toll payments
• Increased interest in contactless operations at toll plazas
• Growing awareness of road safety and traffic management.
Which Segments Are Expected to Grow in the Electronic Toll Collection Market?
The electronic toll collection market covered in this report is segmented –
1) By Type: Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), Automatic Vehicle Identification System (AVIS), Other Types
2) By Payment Method: Prepaid, Hybrid, Postpaid
3) By Technology: Radio Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), Global Navigation Satellite System (GNSS) Or GPS, Video Analytics, Cell Phone Tolling, Other Technologies
4) By End-user: Highway, Urban Area
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What Are The Key Trends Impacting Growth In The Global Electronic Toll Collection Market?
The key trends in the electronic toll collection market are:
• Integration of advanced technologies is emerging as a significant trend.
• There is a shift towards all-electronic tolling (AET) systems.
• Interoperability and standardization are increasingly important in the market.
• Adoption of mobile-based solutions and focus on user experience and customer service are key trends.
Who Are the Key Competitors in the Global Electronic Toll Collection Market?
Major players in the electronic toll collection market are:
• Raytheon Technologies Corporation
• Mitsubishi Heavy Industries Ltd.
• Thales Group
• Infineon Technologies AG
• Siemens Mobility
• Ferrovial S.E.
• Xerox Holdings Corporation
• Conduent Inc.
• TransCore
• Cubic Corporation
• SKIDATA GmbH
• VITRONIC
• Kapsch TrafficCom
• IBI Group Inc.
• Neology Inc.
• Sensys Gatso Group
• Q-Free ASA
• Autostrade per l'Italia S.p.A.
• EFKON AG
• Star Systems International Ltd.
• Far Eastern Electronic Toll Collection Co. Ltd.
• Ingenico
• Perceptics LLC
• TagMaster
• GeoToll Inc.
• Watchdata Technologies
• Korea Smart Card Co. Ltd.
• Electronic Transaction Consultants LLC
Where Is the Electronic Toll Collection Market Growing Fastest Between 2025 and 2029?
North America was the largest region in the electronic toll collection market in 2024
