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Dublin, March 02, 2021 (GLOBE NEWSWIRE) -- The "Electronic Toll Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. The global electronic toll collection market reached a value of US$ 9.78 Billion in 2020. An electronic toll collection (ETC) system is an automated mechanism that utilizes sophisticated cameras and sensors to perform various functions at a toll booth. The ETC can capture images of the vehicle's registration plate and scan the transponders attached to vehicles to collect the correct toll automatically when the vehicle passes the toll booth. It utilizes various advanced solutions, such as video analytics, Dedicated Short-Range Communications (DSRC), Global Positioning System (GPS) and Global Navigation Satellite System (GNSS) for toll collection and vehicle tracking. This saves travel time of the travellers, offers cashless facility, minimizes congestion at the toll booths and quickens toll transactions.The development of smart transportation systems, along with the growing requirement of effective traffic management solutions, is among the key factors driving the growth of the market. Furthermore, as a result of the rapidly rising population across the globe, which is leading to increasing on-road vehicles, there is increased adoption of ETC systems across developing nations to manage the additional congestion at toll plazas on highways and roads. Additionally, various technological advancements, including the utilization of real-time tracking and monitoring devices on vehicles and the adoption of radio-frequency identification (RFID) sensors, are favoring the market growth. Apart from toll collection, these systems also aid in tracking stolen automobiles and managing over-speeding vehicles. Other factors, including favorable government policies to improve transportation infrastructure, extensive research and development (R&D) activities and the increasing automation across the automotive sector, are projected to drive the market further. Looking forward, the publisher expects the global electronic toll collection market to reach a value of US$ 17.23 Billion by 2026, exhibiting a CAGR of 9.35% during 2021-2026.Breakup by Technology: RFIDDSRCOthers Breakup by System: Transponder - or Tag-Based Toll Collection SystemsOther Toll Collection Systems Breakup by Subsystem: Automated Vehicle IdentificationAutomated Vehicle ClassificationViolation Enforcement SystemTransaction Processing Breakup by Offering: HardwareBack Office and Other Services Breakup by Toll Charging: Distance BasedPoint BasedTime BasedPerimeter Based Breakup by Application: HighwaysUrban Areas Breakup by Region: North AmericaUnited StatesCanadaAsia PacificChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersEuropeGermanyFranceUnited KingdomItalySpainRussiaOthersLatin AmericaBrazilMexicoOthersMiddle East and Africa Competitive Landscape:The competitive landscape of the industry has also been examined with some of the key players being 3M, Conduent Business Services LLC, Cubic Transportation Systems Inc., Efkon AG, Kapsch Trafficcom AG, Q-Free, Raytheon Company, Schneider Electric, Siemens AG, Thales Group, Trans Core, Transurban Limited Ltd., etc.Key Questions Answered in This Report: How has the global electronic toll collection market performed so far and how will it perform in the coming years?What has been the impact of COVID-19 on the global electronic toll collection market?What are the key regional markets?What is the breakup of the market based on the technology?What is the breakup of the market based on the system?What is the breakup of the market based on the subsystem?What is the breakup of the market based on the offering?What is the breakup of the market based on the toll charging?What is the breakup of the market based on the application?What are the various stages in the value chain of the industry?What are the key driving factors and challenges in the market?What is the structure of the global electronic toll collection market and who are the key players?What is the degree of competition in the market? Key Topics Covered: 1 Preface2 Scope and Methodology2.1 Objectives of the Study2.2 Stakeholders2.3 Data Sources2.3.1 Primary Sources2.3.2 Secondary Sources2.4 Market Estimation2.4.1 Bottom-Up Approach2.4.2 Top-Down Approach2.5 Forecasting Methodology3 Executive Summary4 Introduction4.1 Overview4.2 Key Industry Trends5 Global Electronic Toll Collection Market5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast6 Market Breakup by Technology6.1 RFID6.1.1 Market Trends6.1.2 Market Forecast6.2 DSRC6.2.1 Market Trends6.2.2 Market Forecast6.3 Others6.3.1 Market Trends6.3.2 Market Forecast7 Market Breakup by System7.1 Transponder - or Tag-Based Toll Collection Systems7.1.1 Market Trends7.1.2 Market Forecast7.2 Other Toll Collection Systems7.2.1 Market Trends7.2.2 Market Forecast8 Market Breakup by Subsystem8.1 Automated Vehicle Identification8.1.1 Market Trends8.1.2 Market Forecast8.2 Automated Vehicle Classification8.2.1 Market Trends8.2.2 Market Forecast8.3 Violation Enforcement System8.3.1 Market Trends8.3.2 Market Forecast8.4 Transaction Processing8.4.1 Market Trends8.4.2 Market Forecast9 Market Breakup by Offering9.1 Hardware9.1.1 Market Trends9.1.2 Market Forecast9.2 Back Office and Other Services9.2.1 Market Trends9.2.2 Market Forecast10 Market Breakup by Toll Charging10.1 Distance Based10.1.1 Market Trends10.1.2 Market Forecast10.2 Point Based10.2.1 Market Trends10.2.2 Market Forecast10.3 Time Based10.3.1 Market Trends10.3.2 Market Forecast10.4 Perimeter Based10.4.1 Market Trends10.4.2 Market Forecast11 Market Breakup by Application11.1 Highways11.1.1 Market Trends11.1.2 Market Forecast11.2 Urban Areas11.2.1 Market Trends11.2.2 Market Forecast12 Market Breakup by Region12.1 North America12.1.1 United States12.1.1.1 Market Trends12.1.1.2 Market Forecast12.1.2 Canada12.1.2.1 Market Trends12.1.2.2 Market Forecast12.2 Asia Pacific12.2.1 China12.2.1.1 Market Trends12.2.1.2 Market Forecast12.2.2 Japan12.2.2.1 Market Trends12.2.2.2 Market Forecast12.2.3 India12.2.3.1 Market Trends12.2.3.2 Market Forecast12.2.4 South Korea12.2.4.1 Market Trends12.2.4.2 Market Forecast12.2.5 Australia12.2.5.1 Market Trends12.2.5.2 Market Forecast12.2.6 Indonesia12.2.6.1 Market Trends12.2.6.2 Market Forecast12.2.7 Others12.2.7.1 Market Trends12.2.7.2 Market Forecast12.3 Europe12.3.1 Germany12.3.1.1 Market Trends12.3.1.2 Market Forecast12.3.2 France12.3.2.1 Market Trends12.3.2.2 Market Forecast12.3.3 United Kingdom12.3.3.1 Market Trends12.3.3.2 Market Forecast12.3.4 Italy12.3.4.1 Market Trends12.3.4.2 Market Forecast12.3.5 Spain12.3.5.1 Market Trends12.3.5.2 Market Forecast12.3.6 Russia12.3.6.1 Market Trends12.3.6.2 Market Forecast12.3.7 Others12.3.7.1 Market Trends12.3.7.2 Market Forecast12.4 Latin America12.4.1 Brazil12.4.1.1 Market Trends12.4.1.2 Market Forecast12.4.2 Mexico12.4.2.1 Market Trends12.4.2.2 Market Forecast12.4.3 Others12.4.3.1 Market Trends12.4.3.2 Market Forecast12.5 Middle East and Africa12.5.1 Market Trends12.5.2 Market Breakup by Country12.5.3 Market Forecast13 SWOT Analysis13.1 Overview13.2 Strengths13.3 Weaknesses13.4 Opportunities13.5 Threats14 Value Chain Analysis15 Porters Five Forces Analysis15.1 Overview15.2 Bargaining Power of Buyers15.3 Bargaining Power of Suppliers15.4 Degree of Competition15.5 Threat of New Entrants15.6 Threat of Substitutes16 Competitive Landscape16.1 Market Structure16.2 Key Players16.3 Profiles of Key Players16.3.1 3M16.3.1.1 Company Overview16.3.1.2 Product Portfolio16.3.1.3 Financials16.3.1.4 SWOT Analysis16.3.2 Conduent Business Services LLC16.3.2.1 Company Overview16.3.2.2 Product Portfolio16.3.3 Cubic Transportation Systems Inc.16.3.3.1 Company Overview16.3.3.2 Product Portfolio16.3.4 Efkon AG16.3.4.1 Company Overview16.3.4.2 Product Portfolio16.3.4.3 Financials16.3.5 Kapsch Trafficcom AG16.3.5.1 Company Overview16.3.5.2 Product Portfolio16.3.5.3 Financials16.3.5.4 SWOT Analysis16.3.6 Q-Free16.3.6.1 Company Overview16.3.6.2 Product Portfolio16.3.6.3 Financials16.3.7 Raytheon Company16.3.7.1 Company Overview16.3.7.2 Product Portfolio16.3.7.3 Financials16.3.7.4 SWOT Analysis16.3.8 Schneider Electric16.3.8.1 Company Overview16.3.8.2 Product Portfolio16.3.9 Siemens AG16.3.9.1 Company Overview16.3.9.2 Product Portfolio16.3.9.3 Financials16.3.9.4 SWOT Analysis16.3.10 Thales Group16.3.10.1 Company Overview16.3.10.2 Product Portfolio16.3.11 Trans Core16.3.11.1 Company Overview16.3.11.2 Product Portfolio16.3.12 Transurban Limited16.3.12.1 Company Overview16.3.12.2 Product Portfolio16.3.12.3 FinancialsFor more information about this report visit https://www.researchandmarkets.com/r/mzp30d CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900