Vehicle Toll Collection And Access System Market Overview:
As per MRFR analysis, the Vehicle Toll Collection And Access System Market Size was estimated at 10.34 (USD Billion) in 2022. The Vehicle Toll Collection And Access System Market Industry is expected to grow from 11.08 (USD Billion) in 2023 to 19.34 (USD Billion) by 2032. The Vehicle Toll Collection And Access System Market CAGR (growth rate) is expected to be around 7.23% during the forecast period (2024 - 2032).
Key Vehicle Toll Collection And Access System Market Trends Highlighted
The Vehicle Toll Collection And Access System Market is growing in popularity as a result of increased requirements for mechanized and effective toll systems. Within the Global Toll Collection & Access Systems Market, companies and institutions are turning to so-called swan vehicles, which not only combine many functions but also enhance the thorough management of nursing traffic internationally. This is accelerating the implementation of vehicle toll collection and access systems, which incorporate technologies such as radio frequency identification, global positioning systems, and automatic vehicle identification.
Market developments also include mobile payments for tolls via smartphones or smart cards. On the other hand, increased deployment of IoT and sensor-enabled systems supports advanced and on-time data gathering and analysis, hence better traffic control and regulation. In addition, there is an increasing trend in the marketplace towards non-stop toll collection, resulting in the creation of traffic hindrances that the rational tolling system can address adequately.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vehicle Toll Collection And Access System Market Drivers
Rising Urbanization and Traffic Congestion
The increasing population and urbanization worldwide have led to a surge in the number of vehicles on the road. This has resulted in severe traffic congestion, particularly in metropolitan areas. Vehicle toll collection and access systems provide an effective way to manage traffic flow, reduce congestion, and improve overall transportation efficiency. By implementing toll systems, cities can incentivize drivers to use alternative routes during peak hours, optimize traffic patterns, and promote the use of public transportation.Furthermore, toll revenue can be utilized to fund infrastructure improvements, public transportation expansion, and other urban development projects, further enhancing the quality of life for residents.
Technological Advancements and Smart Cities
Technological progress has entirely changed the Vehicle Toll Collection And Access System Market industry. Today, technologies, mainly sensors, cameras, and other IoT devices, are used to collect tolls by using sophisticated systems that provide a seamless experience for drivers. Moreover, these AI-based toll systems, designed with the help of advanced algorithms and data analytics, can determine and update the optimal toll price for vehicles.Traffic violation detection is another issue that can be resolved through the implementation of these advanced systems. Other effects on the current market include the development of modern vehicle toll collection and access concepts as a realization of the smart city idea. Today, integrating tolls and access control with other smart city systems, including traffic management systems and parking guidance systems, make urban mobility more sustainable.
Government Initiatives and Environmental Concerns
Governments worldwide are increasingly recognizing the benefits of vehicle toll collection and access systems in addressing traffic congestion and environmental challenges. Many countries have implemented congestion pricing schemes or are exploring such systems. Congestion pricing involves charging drivers for using roads during peak hours, which helps reduce traffic volume and encourages the use of alternative transportation modes. Additionally, vehicle toll collection systems can be used to promote the adoption of electric vehicles by offering incentives or dedicated lanes for EV drivers.By encouraging the shift towards more sustainable transportation practices, toll systems contribute to reducing carbon emissions and improving air quality in urban areas.
Vehicle Toll Collection And Access System Market Segment Insights:
Vehicle Toll Collection And Access System Market Technology Insights
The Vehicle Toll Collection And Access System Market is segmented by Technology into Automatic Vehicle Identification (AVI), Radio Frequency Identification (RFID), Near Field Communication (NFC), License Plate Recognition (LPR), and Microwave Sensing. Automatic Vehicle Identification (AVI) accounted for the largest share of the Vehicle Toll Collection And Access System Market in 2023, and is expected to continue to dominate the market over the forecast period. AVI systems use transponders mounted on vehicles to communicate with roadside readers, enabling automatic toll collection without the need for drivers to stop or interact with tollbooth operators.The growing adoption of AVI systems is driven by their convenience, accuracy, and ability to improve traffic flow. Radio Frequency Identification (RFID) is another widely used technology in the Vehicle Toll Collection And Access System Market. RFID systems use tags attached to vehicles to transmit data to roadside readers, allowing for the identification and tracking of vehicles for toll collection. RFID systems offer similar benefits to AVI systems, but they can also be used for other applications such as vehicle access control and fleet management.
Near Field Communication (NFC) is a short-range wireless technology that is gaining popularity in the Vehicle Toll Collection And Access System Market. NFC systems use tags or cards that are placed in close proximity to readers to transmit data, enabling contactless toll collection. NFC systems offer the advantage of being highly secure and convenient, making them suitable for use in high-traffic areas. License Plate Recognition (LPR) is a technology that uses cameras to capture images of vehicle license plates and extract data for toll collection.LPR systems are cost-effective and easy to implement, making them a popular choice for low-volume toll roads and parking facilities. However, LPR systems can be less accurate than other technologies, especially in low-light conditions. Microwave Sensing is a technology that uses microwave sensors to detect the presence of vehicles and collect data for toll collection. Microwave sensing systems are highly accurate and reliable, but they can be more expensive than other technologies. Microwave sensing systems are often used in tunnels and other high-traffic areas where accuracy and reliability are critical.The Vehicle Toll Collection And Access System Market is expected to grow significantly over the forecast period, driven by the increasing adoption of electronic toll collection systems and the growing number of vehicles on the road. The market is also expected to benefit from the development of new technologies, such as artificial intelligence and cloud computing, which are enabling the development of more efficient and reliable toll collection systems.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vehicle Toll Collection And Access System Market Deployment Type Insights
The Vehicle Toll Collection And Access System Market is segmented by Deployment Type into Dedicated Short-Range Communications (DSRC), Cellular-based, and Bluetooth Low Energy (BLE). DSRC technology is a dedicated short-range communication system that operates in the 5.9 GHz frequency band. It is used for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications, and is the most common deployment type for vehicle toll collection and access systems. The DSRC market is expected to grow from USD 10.5 billion in 2023 to USD 16.3 billion by 2032, at a CAGR of 5.2%.Cellular-based technology uses cellular networks to communicate between vehicles and infrastructure. It is a newer technology than DSRC, but it is becoming more popular due to its wider availability and lower cost. The cellular-based market is expected to grow from USD 7.2 billion in 2023 to USD 12.4 billion by 2032, at a CAGR of 6.1%. Bluetooth Low Energy (BLE) technology is a short-range wireless communication technology that is used for connecting devices such as smartphones and tablets to other devices. It is a low-power technology that is well-suited for applications where battery life is a concern.The BLE market is expected to grow from USD 2.5 billion in 2023 to USD 4.7 billion by 2032, at a CAGR of 7.2%.
Vehicle Toll Collection And Access System Market Vehicle Type Insights
The Vehicle Type segment of the Vehicle Toll Collection And Access System Market is segmented into Light Vehicles, Medium Vehicles, and Heavy Vehicles. In 2023, the Light Vehicles segment accounted for the largest share of the Vehicle Toll Collection And Access System Market revenue, at 45%. The Medium Vehicles segment is expected to grow at the highest CAGR during the forecast period, at 6.5%. The growth of the Light Vehicles segment is attributed to the increasing number of passenger vehicles on the road. The growth of the Medium Vehicles segment is attributed to the increasing demand for commercial vehicles for transportation of goods and services.The Heavy Vehicles segment is expected to account for a significant share of the Vehicle Toll Collection And Access System Market revenue by 2032. The growth of the Heavy Vehicles segment is attributed to the increasing demand for heavy vehicles for the transportation of heavy goods and materials.
Vehicle Toll Collection And Access System Market Application Insights
The Application segment of the Vehicle Toll Collection And Access System Market is categorized into Toll Roads, Parking Facilities, Access Control Systems, and Electronic Fee Collection (EFC). Toll Roads held the largest market share in 2023, accounting for over 40% of the Vehicle Toll Collection And Access System Market revenue. The growth of the segment can be attributed to the increasing number of toll roads being constructed worldwide to manage traffic congestion and generate revenue. Parking Facilities is another significant segment, with a market share of over 25% in 2023.The segment is expected to witness significant growth in the coming years due to the rising demand for automated parking systems in commercial and residential buildings. Access Control Systems and EFC are other important segments, with market shares of over 20% and 15%, respectively. The increasing need for security and convenience in various sectors, such as transportation, healthcare, and government, is driving the growth of these segments.
Vehicle Toll Collection And Access System Market End-Use Industry Insights
The End-Use Industry segment of the Vehicle Toll Collection And Access System Market offers insights into the market's adoption across various industries. Key end-use industries for Vehicle Toll Collection And Access System include 'Transportation,' 'Logistics,' 'Government,' and 'Retail.' The 'Transportation' industry is expected to account for a significant portion of the Vehicle Toll Collection And Access System Market revenue in 2023, driven by the increasing adoption of electronic toll collection systems to improve traffic flow and reduce congestion.The 'Logistics' industry is also expected to contribute to market growth, as Vehicle Toll Collection And Access System help in optimizing fleet management and reducing operating costs. 'Government' initiatives to promote smart city development and reduce traffic-related pollution are expected to drive demand for Vehicle Toll Collection And Access System. The 'Retail' industry is also leveraging Vehicle Toll Collection And Access System to enhance customer convenience and improve supply chain efficiency. Overall, the End-Use Industry segment provides valuable insights into the market dynamics and growth opportunities for Vehicle Toll Collection And Access System across different industries.
Vehicle Toll Collection And Access System Market Regional Insights
The regional segmentation of the Vehicle Toll Collection And Access System Market provides insights into the geographical distribution of the market and its potential for growth. North America is expected to dominate the market in 2023, with a market valuation of 12.56 (USD Billion), primarily due to the presence of advanced transportation infrastructure and a high adoption rate of electronic toll collection systems. Europe follows closely with a market valuation of 10.35 (USD Billion) in 2023, driven by government initiatives to improve traffic management and reduce congestion.The APAC region is projected to experience significant growth, reaching a valuation of 8.97 (USD Billion) in 2023, attributed to the rapidly growing automotive industry and increasing urbanization. South America and MEA are expected to contribute 3.87 (USD Billion) and 2.25 (USD Billion) to the global market valuation in 2023, respectively.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Vehicle Toll Collection And Access System Market Key Players And Competitive Insights:
The most crucial and prominent competitors in the Vehicle Toll Collection And Access System Market sector are continually seeking better, more effective, and higher-quality products and services by utilizing new production technologies. Leading businesses in the industry are heavily investing in seeking to unveil new leading-edge technology that might bring these technologies to eventual fruition. In the future, the upcoming years will see a significant amount of market growth in the Vehicle Toll Collection And Access System Market sector and create a high demand for these products. Therefore, it is critical to assess the significant market actors in the Vehicle Toll Collection And Access System Market, such as Q-Free and Kapsch TrafficCom, as well as their primary production and operation services. These may be considered to be the most crucial market actors, spanning worldwide regions and tens of nations with their products and services.Kapsch TrafficCom is a firm specializing in various products and services and offering a substantial service package available on the global market, which is confirmed by its standing as a leading Intelligent Transportation Systems 1 provider worldwide. Kapsch offers Electronic Toll Collection systems and services along with other vehicle-related products and services, such as Traffic Management and Parking Management services. Kapsch’s central industry presence and primary services and products are used by over 50 nations worldwide.
Q-Free is another leading company offering a variety of electronic toll collection products and services in addition to traffic management and parking management services. The company’s presence in the market extends to the Americas, Europe, and Asia. One such firm aims to provide consumers with leading-edge and cost-effective services and products.
Key Companies in the Vehicle Toll Collection And Access System Market Include:
- Thales Group
- Indra Sistemas
- Transcore
- Cubic Corporation
- Honeywell International Inc.
- Kapsch TrafficCom AG
- Continental AG
- Sensys Gatso Group
- Siemens AG
- Jenoptik AG
- QFree ASA
- ETC Group
- 3M Company
- Swarco AG
- Toshiba Corporation
Vehicle Toll Collection And Access System Market Industry Developments
The Vehicle Toll Collection And Access System Market is projected to reach USD 52.56 billion by 2032, exhibiting a CAGR of 5.05% during the forecast period (2024-2032). The market growth is attributed to the increasing adoption of electronic toll collection systems, rising urbanization, and growing traffic congestion. Governments worldwide are implementing smart city initiatives, which include intelligent transportation systems (ITS), to improve traffic flow and reduce emissions. This, in turn, is driving the demand for Vehicle Toll Collection And Access System Market.Recent news developments in the market include: In February 2023, Kapsch TrafficCom announced the launch of its next-generation electronic toll collection system, Kapsch TrafficCom M5. The system is designed to improve traffic flow and reduce congestion by providing real-time data on traffic conditions. In March 2023, Q-Free ASA announced a partnership with Transurban, one of the world's largest toll road operators, to provide tolling and traffic management solutions for Transurban's operations in Australia and North America.These developments indicate the growing demand for advanced Vehicle Toll Collection And Access System Market solutions and the increasing adoption of electronic toll collection systems worldwide.
Vehicle Toll Collection And Access System Market Segmentation Insights
Vehicle Toll Collection And Access System Market Technology Outlook
- Automatic Vehicle Identification (AVI)
- Radio Frequency Identification (RFID)
- Near Field Communication (NFC)
- License Plate Recognition (LPR)
- Microwave Sensing
Vehicle Toll Collection And Access System Market Deployment Type Outlook
- Dedicated Short-Range Communications (DSRC)
- Cellular-based
- Bluetooth Low Energy (BLE)
Vehicle Toll Collection And Access System Market Vehicle Type Outlook
- Light Vehicles
- Medium Vehicles
- Heavy Vehicles
Vehicle Toll Collection And Access System Market Application Outlook
- Toll Roads
- Parking Facilities
- Access Control Systems
- Electronic Fee Collection (EFC)
Vehicle Toll Collection And Access System Market End-Use Industry Outlook
- Transportation
- Logistics
- Government
- Retail
Vehicle Toll Collection And Access System Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
10.34 (USD Billion) |
| Market Size 2023 |
11.08 (USD Billion) |
| Market Size 2032 |
19.34 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
7.23% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Thales Group, Indra Sistemas, Transcore, Cubic Corporation, Honeywell International Inc., Kapsch TrafficCom AG, Continental AG, Sensys Gatso Group, Siemens AG, Jenoptik AG, QFree ASA, ETC Group, 3M Company, Swarco AG, Toshiba Corporation |
| Segments Covered |
Technology, Deployment Type, Vehicle Type, Application, End-Use Industry, Regional |
| Key Market Opportunities |
Rising adoption of cashless payment systems Government initiatives for smart city infrastructure Increasing traffic congestion leading to demand for efficient traffic management Growing popularity of electric vehicles Advancements in IoT and cloud-based solutions |
| Key Market Dynamics |
Increased adoption of electronic toll collection Technological advancements Growing urbanization Rapid infrastructure development Government initiatives |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Vehicle Toll Collection And Access System Market is expected to reach a valuation of 10.34 billion USD in 2023.
The market is projected to grow at a CAGR of 7.23% from 2024 to 2032.
The key regions contributing to the growth of the market include North America, Europe, Asia-Pacific, and the Rest of the World. Among these, Asia-Pacific is expected to hold the largest market share due to the increasing adoption of electronic toll collection systems in countries such as China and India.
Vehicle Toll Collection and Access Systems are primarily used for collecting tolls on highways, bridges, and tunnels. They can also be used for access control in parking facilities, gated communities, and commercial buildings.
The key competitors in the market include Kapsch TrafficCom, Q-Free, and TransCore. These companies offer a range of solutions for electronic toll collection and access control.
The growth of the market is being driven by the increasing traffic congestion in urban areas, the need for more efficient and secure toll collection systems, and the growing adoption of electronic toll collection technologies.
Some of the challenges faced by the market include the high cost of implementing and maintaining electronic toll collection systems, the lack of interoperability between different systems, and the privacy concerns associated with the collection of toll data.
Some of the expected trends in the market include the increasing adoption of mobile and contactless payment technologies, the development of more sophisticated and integrated toll collection systems, and the use of artificial intelligence and machine learning for traffic management and toll enforcement.
The regulatory landscape for the market varies by region. In some regions, such as the United States, there are strict regulations governing the use of electronic toll collection systems. In other regions, such as Europe, the regulations are less stringent.
The potential growth opportunities for the market include the development of new technologies, such as blockchain and the Internet of Things, the expansion of the market into new regions, and the increasing adoption of electronic toll collection systems in developing countries.
