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The GCC electronic toll collection market size reached US$ 384.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 696.9 Million by 2027, exhibiting a growth rate (CAGR) of 10.79% during 2022-2027.
Electronic toll collection (ETC) is a wireless mechanism wherein vehicles are automatically charged when they pass through toll reader equipment. A radio signal from the reader equipment triggers the transponder and an electronic payment system performs monetary transactions. It saves time, minimizes human intervention, reduces fuel consumption and manages overall operational costs. Nowadays, these systems are integrated with video analytics, Dedicated Short-Range Communications (DSRC), Global Positioning System (GPS) and Global Navigation Satellite System (GNSS).
The increasing traffic congestion represents one of the key factors impelling the growth of the ETC market in the GCC region. Apart from this, the rising adoption of advanced IT technologies, along with the escalating demand for smart transportation services, is bolstering the market growth. Moreover, as ETC systems provide comprehensive, detailed information about toll charges, regulate defaulters violating traffic laws and enable a better and more transparent toll collection process, their sales are increasing in the region. Furthermore, the growing traction of a hybrid technology system that helps in distance-based road charging and making toll collection more efficient is anticipated to drive the market in the coming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC electronic toll collection market report, 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||Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|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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