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The Asia Pacific electronic toll collection market is expected to exhibit a CAGR of 11.46% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific electronic toll collection market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on technology, system, subsystem, offering, toll charging and application.
Breakup by Technology:
Breakup by System:
Breakup by Subsystem:
Breakup by Offering:
Breakup by Toll Charging:
Breakup by Application:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|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|
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We expect the Asia Pacific electronic toll collection market to exhibit a CAGR of 11.46% during 2022-
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
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.
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