Asia Pacific Electronic Toll Collection Market Report by Technology (RFID, DSRC, and Others), System (Transponder - or Tag-Based Toll Collection Systems, and Other Toll Collection Systems), Subsystem (Automated Vehicle Identification, Automated Vehicle Classification, Violation Enforcement System, Transaction Processing), Offering (Hardware, Back Office and Other Services), Toll Charging (Distance Based, Point Based, Time Based, Perimeter Based), Application (Highways, Urban Areas), and Country 2024-2032
The Asia Pacific electronic toll collection market size reached US$ 2,895.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 6,852.0 Million by 2032, exhibiting a growth rate (CAGR) of 10% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2,895.5 Million
Market Forecast in 2032
US$ 6,852.0 Million
Market Growth Rate 2024-2032
10%
Electronic toll collection (ETC) relies on transaction processing, automated vehicle identification (AVI), automated vehicle classification (AVC) and violation enforcement system (VES) to automatically perform monetary transactions at toll booths. It functions using transponders, antennas, sensors and wireless communication devices to offer a cashless facility, increase data quality and enhance transaction speed. It also minimizes fuel consumption on toll bridges, reduces air pollution, saves travel time and minimizes road congestion. Consequently, ETC is gaining traction in different parts of the Asia Pacific region.
The development of transportation and logistics infrastructure, along with the increasing traffic congestion in urban cities, is impelling the growth of the ETC market in the Asia Pacific region. Apart from this, governments of various countries in the region are focusing on developing smart cities, which is positively influencing the demand for smart toll collection systems. Moreover, ETC systems track defaulters and users violating traffic laws and enhance the transparency of toll collection processes, which is further stimulating the market growth. Furthermore, the increasing utilization of advanced solutions, such as video analytics, Dedicated Short-Range Communications (DSRC), Global Positioning System (GPS) and Global Navigation Satellite System (GNSS), in these systems is anticipated to bolster the market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific electronic toll collection market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on technology, system, subsystem, offering, toll charging and application.
Breakup by Technology:
RFID
DSRC
Others
Breakup by System:
Transponder - or Tag-Based Toll Collection Systems
Other Toll Collection Systems
Breakup by Subsystem:
Automated Vehicle Identification
Automated Vehicle Classification
Violation Enforcement System
Transaction Processing
Breakup by Offering:
Hardware
Back Office and Other Services
Breakup by Toll Charging:
Distance Based
Point Based
Time Based
Perimeter Based
Breakup by Application:
Highways
Urban Areas
Breakup by Country:
China
Japan
India
South Korea
Australia
Indonesia
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Million
Segment Coverage
Technology, System, Subsystem, Offering, Toll Charging, Application, Country
Countries Covered
China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
We expect the Asia Pacific electronic toll collection market to exhibit a CAGR of 10% during 2024-2032.
The growing prominence of electronic toll collection systems in urban cities, owing to their ability to enhance the transparency of toll collection processes and minimize road congestion, is currently driving the Asia Pacific electronic toll collection market.
The sudden outbreak of the COVID-19 pandemic has led to the rising inclination towards automated transaction solutions, such as electronic toll collection system, as it offers cashless transaction facility resulting in combating the risk of the coronavirus infection upon manual transaction.
Based on the technology, the Asia Pacific electronic toll collection market has been segregated into RFID, DSRC, and others. Among these, RFID technology accounts for the largest market share.
Based on the system, the Asia Pacific electronic toll collection market can be divided into
transponder - or tag-based toll collection systems and other toll collection systems. Currently,
transponder - or tag-based toll collection systems exhibit a clear dominance in the market.
Based on the subsystem, the Asia Pacific electronic toll collection market has been categorized into automated vehicle identification, automated vehicle classification, violation enforcement system, and transaction processing. Among these, automated vehicle classification subsystem holds the majority of the total market share.
Based on the offering, the Asia Pacific electronic toll collection market can be segmented into hardware and back office and other services. Currently, hardware exhibits a clear dominance in the market.
Based on the toll charging, the Asia Pacific electronic toll collection market has been divided into
distance based, point based, time based, and perimeter based. Among these, distance based toll
charging accounts for the largest market share.
Based on the application, the Asia Pacific electronic toll collection market can be bifurcated into
highways and urban areas. Currently, highways hold the majority of the total market share.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the market.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.