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United States Electronic Toll Collection Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The United States electronic toll collection market is expected to exhibit a CAGR of 9% 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) is an automated system that utilizes automatic vehicle classification (AVC), violation enforcement system (VES) and automatic vehicle identification (AVI) to recognize registered vehicles and perform electronic monetary transactions. It also saves travel time, offers a cashless facility, minimizes congestion and facilitates transaction speed. Nowadays, ETC systems are integrated with video analytics, radio-frequency identification (RFID), dedicated short-range communications (DSRC), global navigation satellite system (GNSS) and global positioning system (GPS) technologies to improve the speed and efficiency of traffic flow in the United States.

The rising population and the increasing on-road vehicles lead to congestion at toll plazas on highways and roads. This, in confluence with the developed logistics and transport infrastructure, represents one of the key factors increasing the adoption of ETC systems in the United States. Apart from this, these systems aid in tracking stolen automobiles and managing over-speeding vehicles, which is acting as another major factor bolstering the market growth. Furthermore, the US Government is planning on utilizing revenue from toll collection in the development of highway infrastructure. This, along with the growing focus on smart transportation systems, is anticipated to drive the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States electronic toll collection market, along with forecasts at the country and regional level from 2022-2027. 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 Region:

  • Northeast
  • Midwest
  • South
  • West
     

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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Technology, System, Subsystem, Offering, Toll Charging, Application, Region
Region Covered Northeast, Midwest, South, West
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)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   United States Electronic Toll Collection Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Technology
    6.1    RFID
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    DSRC
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by System
    7.1    Transponder - or Tag-Based Toll Collection Systems
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Other Toll Collection Systems
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Subsystem
    8.1    Automated Vehicle Identification
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Automated Vehicle Classification
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Violation Enforcement System
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Transaction Processing
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Offering
    9.1    Hardware
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Back Office and Other Services
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Toll Charging
    10.1    Distance Based
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Point Based
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Time Based
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Perimeter Based
        10.4.1 Market Trends
        10.4.2 Market Forecast
11  Market Breakup by Application
    11.1    Highways
        11.1.1 Market Trends
        11.1.2 Market Forecast
    11.2    Urban Areas
        11.2.1 Market Trends
        11.2.2 Market Forecast
12  Market Breakup by Region
    12.1    Northeast 
        12.1.1 Market Trends
        12.1.2 Market Forecast
    12.2    Midwest
        12.2.1 Market Trends
        12.2.2 Market Forecast
    12.3    South
        12.3.1 Market Trends
        12.3.2 Market Forecast
    12.4    West
        12.4.1 Market Trends
        12.4.2 Market Forecast
13  SWOT Analysis
    13.1    Overview
    13.2    Strengths
    13.3    Weaknesses
    13.4    Opportunities
    13.5    Threats
14  Value Chain Analysis
15  Porters Five Forces Analysis
    15.1    Overview
    15.2    Bargaining Power of Buyers
    15.3    Bargaining Power of Suppliers
    15.4    Degree of Competition
    15.5    Threat of New Entrants
    15.6    Threat of Substitutes
16  Policy and Regulatory Landscape
17  Competitive Landscape
    17.1    Market Structure
    17.2    Key Players
    17.3    Profiles of Key Players

List of Figures

Figure 1: United States: Electronic Toll Collection Market: Major Drivers and Challenges
Figure 2: United States: Electronic Toll Collection Market: Sales Value (in Million US$), 2016-2021
Figure 3: United States: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: United States: Electronic Toll Collection Market: Breakup by Technology (in %), 2021
Figure 5: United States: Electronic Toll Collection Market: Breakup by System (in %), 2021
Figure 6: United States: Electronic Toll Collection Market: Breakup by Subsystem (in %), 2021
Figure 7: United States: Electronic Toll Collection Market: Breakup by Offering (in %), 2021
Figure 8: United States: Electronic Toll Collection Market: Breakup by Toll Charging (in %), 2021
Figure 9: United States: Electronic Toll Collection Market: Breakup by Application (in %), 2021
Figure 10: United States: Electronic Toll Collection Market: Breakup by Region (in %), 2021
Figure 11: United States: Electronic Toll Collection (RFID) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: United States: Electronic Toll Collection (RFID) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: United States: Electronic Toll Collection (DSRC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: United States: Electronic Toll Collection (DSRC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: United States: Electronic Toll Collection (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: United States: Electronic Toll Collection (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: United States: Electronic Toll Collection (Transponder - or Tag-Based Toll Collection Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: United States: Electronic Toll Collection (Transponder - or Tag-Based Toll Collection Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: United States: Electronic Toll Collection (Other Toll Collection Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: United States: Electronic Toll Collection (Other Toll Collection Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United States: Electronic Toll Collection (Automated Vehicle Identification) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Electronic Toll Collection (Automated Vehicle Identification) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: United States: Electronic Toll Collection (Automated Vehicle Classification) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: United States: Electronic Toll Collection (Automated Vehicle Classification) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Electronic Toll Collection (Violation Enforcement System) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Electronic Toll Collection (Violation Enforcement System) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Electronic Toll Collection (Transaction Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Electronic Toll Collection (Transaction Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Electronic Toll Collection (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Electronic Toll Collection (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Electronic Toll Collection (Back Office and Other Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Electronic Toll Collection (Back Office and Other Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Electronic Toll Collection (Distance Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Electronic Toll Collection (Distance Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Electronic Toll Collection (Point Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Electronic Toll Collection (Point Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Electronic Toll Collection (Time Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Electronic Toll Collection (Time Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Electronic Toll Collection (Perimeter Based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Electronic Toll Collection (Perimeter Based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Electronic Toll Collection (Highways) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Electronic Toll Collection (Highways) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Electronic Toll Collection (Urban Areas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Electronic Toll Collection (Urban Areas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Northeast: Electronic Toll Collection Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Northeast: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Midwest: Electronic Toll Collection Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Midwest: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South: Electronic Toll Collection Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: West: Electronic Toll Collection Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: West: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United States: Electronic Toll Collection Industry: SWOT Analysis
Figure 54: United States: Electronic Toll Collection Industry: Value Chain Analysis
Figure 55: United States: Electronic Toll Collection Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: United States: Electronic Toll Collection Market: Key Industry Highlights, 2021 and 2027
Table 2: United States: Electronic Toll Collection Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: United States: Electronic Toll Collection Market Forecast: Breakup by System (in Million US$), 2022-2027
Table 4: United States: Electronic Toll Collection Market Forecast: Breakup by Subsystem (in Million US$), 2022-2027
Table 5: United States: Electronic Toll Collection Market Forecast: Breakup by Offering (in Million US$), 2022-2027
Table 6: United States: Electronic Toll Collection Market Forecast: Breakup by Toll Charging (in Million US$), 2022-2027
Table 7: United States: Electronic Toll Collection Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 8: United States: Electronic Toll Collection Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 9: United States: Electronic Toll Collection Market: Competitive Structure
Table 10: United States: Electronic Toll Collection Market: Key Players

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Key Questions Answered in This Report

The United States electronic toll collection market was valued at US$ 2.64 Billion in 2021.

We expect the United States electronic toll collection market to exhibit a CAGR of 9.00% during
2022-2027.

The growing prominence of electronic toll collection systems in urban cities, owing to their ability to
enhance the transparency of toll collection processes, reduce air pollution, minimize road
congestion, etc., is currently driving the United States electronic toll collection market.

The sudden outbreak of the COVID-19 pandemic has led to the rising consumer inclination towards
automated transaction solutions, such as electronic toll collection system, for cashless transaction to
combat the risk of the coronavirus infection upon human interaction in conventional procedures.

Based on the technology, the United States electronic toll collection market has been segregated
into RFID, DSRC, and others. Among these, RFID technology accounts for the majority of the total
market share.

Based on the system, the United States 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 United States 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 United States electronic toll collection market can be segmented into
hardware and back office and other services. Currently, hardware represents the largest market
share.

Based on the toll charging, the United States electronic toll collection market has been divided into
distance based, point based, time based, and perimeter based. Among these, distance based toll
charging exhibits a clear dominance in the market.

Based on the application, the United States electronic toll collection market can be bifurcated into
highways and urban areas. Currently, highways hold the largest market share.

On a regional level, the market has been classified into Northeast, Midwest, South, and West, where
South currently dominates the market.

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