市場調查報告書
商品編碼
1565734
全球電子道路收費市場 2024-2031Global Electronic Toll Collection Market 2024-2031 |
電子道路收費市場規模、佔有率和趨勢分析報告,按類型(自動車輛分類(AVC)、違規執法系統(VES)、自動車輛識別系統(AVIS)等)和技術(無線識別、專用短影片)範圍通訊、全球導航衛星系統(GNSS)/GPS、視訊分析手機收費等)以及最終用戶(高速公路和城市地區)預測期(2024-2031)
預計電子不停車收費 (ETC) 市場在預測期內(2024-2031 年)將以 6.6% 的複合年成長率成長。由於技術進步、政府措施和城市交通需求,全球 ETC 市場正在不斷擴大。電子不停車收費系統 (ETC) 使用無線射頻識別 (RFID)、全球定位系統 (GPS)、自動車牌識別 (ANPR) 和專用短程通訊 (DSRC) 來自動收費並改善交通流量。關鍵技術包括物聯網 (IoT)、人工智慧 (AI) 和 5G 連接。政府措施支持 ETC 部署,而公私合作夥伴關係則促進道路開發。挑戰包括成本、公眾接受度和資料隱私。
Electronic Toll Collection Market Size, Share & Trends Analysis Report by Type (Automatic Vehicle Classification (AVC), Violation Enforcement System (VES), Automatic Vehicle Identification System (AVIS), and Others), and by Technology (Radio Frequency Identification, Dedicated Short Range Communication, Global Navigation Satellite System (GNSS)/GPS, Video Analytics Cell Phone Tolling, and Others), and by End-User (Highway, and Urban Area) Forecast Period (2024-2031)
Electronic toll collection (ETC) market is anticipated to grow at a CAGR of 6.6% during the forecast period (2024-2031). The global ETC market is expanding owing to technological advancements, government initiatives, and urban transportation needs. Electronic toll collection system (ETC) systems use radio frequency identification (RFID), global positioning system (GPS), automatic number plate recognition (ANPR), and dedicated short-range communications (DSRC) to automate toll collection and improve traffic flow. Key technologies include the Internet of Things (IoT), artificial intelligence (AI), and 5G connectivity. Government initiatives support ETC deployment, while public-private partnerships facilitate road development. Challenges include cost, public acceptance, and data privacy.
Market Dynamics
Increasing government investments in smart transportation
Government investments in smart transportation infrastructure and policies aimed at reducing traffic congestion and emissions are bolstering the adoption of ETC systems. According to the World Health Organization (WHO), in December 2023, road traffic crashes caused 1.19 million mortalities annually, with injuries being the leading cause for children and young adults. For instance, in September 2020, Colombia's highway authority Invias launched a $15.0 million tender to develop a "smart highway" monitoring network that will cover 2,400km of roads across the country. The contract involves installing 210 surveillance stations that will monitor and report traffic speeds, emergency information, and data on stolen vehicles and cargo, among other services. The growing participation from government & transportation authorities in the development of smart roads is a key factor driving the growth of the ETC market globally.
Market Segmentation
Urban Area ETC System to Exhibit the Highest CAGR
The ETC system eliminates the need to stop improves the traffic flow and reduces traffic congestion at peak hours in urban areas. The benefits of this system make it attractive for urban authorities to manage growing traffic volume effectively. Additionally, the adoption of these systems eliminates the need for additional physical infrastructure.
The electronic toll collection market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Government Initiatives and Investment in the Asia-Pacific Region
Governments are prioritizing smart infrastructure projects, including ETC systems, to enhance road efficiency and decrease travel time, with a significant focus on roads and bridges. According to the India Brand Equity Foundation (IBEF), in May 2024, the NIP project count currently stands at 9,142, covering 34 sub-sectors, according to recent news reports. As part of the initiative, 2,476 projects are currently in the development phase, with an estimated investment of $1.9 trillion. The transportation sector accounts for nearly half of the under-development projects, with 3,906 projects specifically focused on roads and bridges.
North America Holds Major Market Share
The government is investing a lot of finances in infrastructure modernization as part of its initiatives to promote the use of sophisticated tolling systems. According to the World Economic Forum, in April 2021, the US infrastructure plan includes $2.3 trillion for investments across the US, including modernizing highways and funding the care economy. The plan also includes $650.0 billion for roads and rail transport, $20.0 billion for road safety programs, and $20.0 billion for neighborhood reconnections.
The major companies serving the electronic toll collection market include Conduent, Inc., Kapsch TrafficCom AG, Siemens Ltd., IBI Group Inc., and Thales Group, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in March 2024, Airports Corp. of Vietnam (ACV) planned to implement an ETC system at five major airports across Vietnam, initially piloted at Noi Bai and Tan Son Nhat. The system extended to three more airports, including Cat Bi, Phu Bai, and Da Nang, to alleviate traffic congestion.