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The Europe electronic toll collection market is expected to exhibit strong growth during 2021-2026. 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) automatically performs various functions at toll booths using sophisticated cameras and sensors. It relies on automatic vehicle classification (AVC), automatic vehicle identification (AVI) and violation enforcement system (VES) to reduce overall toll-collection costs and provide improved service to users. It also increases data quality and reduces traffic congestion and fuel consumption on toll bridges. At present, the integration of video analytics, radio-frequency identification (RFID), dedicated short-range communications (DSRC), global navigation satellite system (GNSS) and global positioning system (GPS) is increasing the adoption of ETC in Europe.
The well-established transportation and logistics sectors are positively influencing the demand for ETC systems on roads and highways of Europe. Apart from this, the European Commission is funding various projects to improve smart transportation systems in the region. For instance, Pilot on Interoperable Systems for Tolling Applications (PISTA) is a research project that aims at implementing and monitoring the interoperable Electronic Fee Collection (EFC) system throughout Europe. However, due to the coronavirus disease (COVID-19) outbreak and consequent lockdowns imposed by governments of various countries, transportation activities in the region have reduced significantly. This, in turn, is negatively impacting the market growth. The market will experience growth once normalcy is acquired.
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe electronic toll collection market, along with forecasts at the regional and country level from 2021-2026. 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||2020|
|Segment Coverage||Technology, System, Subsystem, Offering, Toll Charging, Application, Country|
|Countries Covered||Germany, France, United Kingdom, Italy, Spain, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License $ 2499
Five User License $ 2999
Corporate License $ 3999
|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)|
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