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Home Artificial Intelligence

Electronic Toll Collection Market to Witness Massive Growth by 2032 as Kapsch TrafficCom AG (Austria) and Conduent, Inc. (US) Lead the Charge

August 8, 2025
in Artificial Intelligence, Blockchain, OpenPR, Web3
Reading Time: 8 mins read
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Electronic Toll Collection Market

Electronic Toll Collection Market

The Electronic Toll Collection Market is witnessing significant transformation driven by rapid advancements in transportation infrastructure and the increasing adoption of automated tolling systems globally. Governments and private enterprises are investing heavily in smart transportation solutions to enhance traffic management, reduce congestion, and improve revenue collection efficiency. The market is evolving with innovations such as RFID, DSRC, and GNSS-based tolling technologies that facilitate seamless vehicle identification and payment processing. The increasing demand for contactless payments and integration with intelligent transportation systems further accelerates market growth. The Global Electronic Toll Collection Market size is estimated to be valued at USD 10.83 Billion in 2025 and is expected to reach USD 17.62 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% from 2025 to 2032.

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➤Actionable Insights

● The production capacity of electronic toll collection systems has expanded by approximately 15% in 2024, driven by rising infrastructure projects in Asia Pacific and North America. For instance, the deployment of multi-lane free-flow tolling systems in the U.S. increased by 18% in 2024, reflecting strong demand for high-throughput solutions.
● Pricing strategies indicate a shift towards subscription-based models combined with pay-per-use services, evidenced by a 12% rise in recurring revenue streams for toll operators in Europe during 2025. This approach aligns with smart city initiatives focusing on sustainable revenue generation.
● Import volumes of electronic toll collection hardware components surged by 20% in 2024, particularly in emerging economies like India and Brazil, showcasing growing adoption in developing markets. The increase in imports is supported by government initiatives to upgrade aging toll infrastructure.
● Use cases have diversified beyond highway tolling to include urban parking management and congestion pricing, with projects in Singapore and Germany reporting a 25% efficiency improvement in traffic flow due to integrated electronic toll collection systems in 2025.

➤Market Segment and Regional Coverage

● By Technology: Radio Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), Global Navigation Satellite System (GNSS), Infrared, and Others.
● By Component: Hardware, Software, and Services.
● By Application: Highways, Urban Tolling, Parking Management, and Others.

● Regional and Country Analysis:
● North America: U.S. and Canada
● Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
● Europe: Germany, U.K., Spain, France, Italy, Benelux, Denmark, Norway, Sweden, Russia, and Rest of Europe
● Asia Pacific: China, Taiwan, India, Japan, South Korea, Indonesia, Malaysia, Philippines, Singapore, Australia, and Rest of Asia Pacific
● Middle East & Africa: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates, Israel, South Africa, North Africa, Central Africa, and Rest of MEA

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➤Key Players

● Kapsch TrafficCom AG (Austria)
● Conduent, Inc. (US)
● TransCore (US)
● Thales Group (France)
● Cubic Corporation (US)
● Infineon Technologies AG (Germany)
● Siemens AG (Germany)
● EFKON GmbH (Austria)
● Neology, Inc. (US)
● FEIG ELECTRONIC (Germany)
● Q-Free ASA (Norway)
● GeoToll (US)
● Toll Collect GmbH (Germany)
● STAR Systems International (Hong Kong)
● SICE (Spain)
● Several key players have adopted strategic partnerships and technology acquisitions to enhance their market share and product portfolio. For example, Kapsch TrafficCom AG’s collaboration with Siemens AG in 2024 led to the development of an AI-powered tolling analytics platform, improving toll revenue accuracy by 14%. Conduent, Inc. expanded its footprint in Latin America through a major contract with Brazil’s federal highway authority in 2025, increasing its market share in the region by 10%.

➤Growth factors

● The Electronic Toll Collection Market growth is strongly influenced by increasing government investments in smart infrastructure and rising demand for real-time data analytics in traffic management. Pilot projects in the Asia Pacific region have demonstrated up to a 30% reduction in toll plaza congestion, boosting adoption rates. Additionally, regulatory mandates in Europe requiring interoperability among tolling systems are propelling market revenue growth. The rise in urbanization and vehicle ownership worldwide further supports sustained market expansion.

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➤Market Trends

● The market is witnessing a trend towards integration of electronic toll collection with connected vehicle ecosystems and blockchain for enhanced security and transparency. In 2025, several pilot programs in North America utilized blockchain to reduce transaction disputes by 20%. Another noticeable trend is the adoption of multi-protocol tolling systems capable of supporting RFID, DSRC, and GNSS simultaneously, as seen in recent deployments across European toll corridors. The shift to cloud-based tolling management platforms is also gaining momentum, improving scalability and data management efficiency.

➤Market Opportunities

● By Technology Segment: RFID technology offers significant growth opportunities due to its cost-effectiveness and ease of deployment, with a forecasted CAGR exceeding 8% through 2032.
● By Application Segment: Urban tolling systems are expanding rapidly as cities implement congestion pricing, with examples such as London and Stockholm observing a 15% increase in toll revenue through electronic collection in 2024.
● By Component Segment: Software solutions for toll management analytics are emerging as a lucrative segment, expected to grow by 9% CAGR, driven by demand for AI-based traffic prediction and dynamic pricing models.
● Regional Opportunity: Asia Pacific represents a critical growth region, particularly China and India, where infrastructure investments are projected to increase by 25% annually, creating vast demand for scalable electronic toll collection systems.

❓ Frequently Asked Questions

1. Who are the dominant players in the Electronic Toll Collection Market?
The leading companies include Kapsch TrafficCom AG, Conduent, Inc., TransCore, Thales Group, and Cubic Corporation. These companies maintain market leadership through innovation, strategic partnerships, and regional expansions.

2. What will be the size of the Electronic Toll Collection Market in the coming years?
The market size is projected to grow from USD 10.83 Billion in 2025 to USD 17.62 Billion by 2032, with a CAGR of approximately 7.2% during the forecast period.

3. Which end users industry has the largest growth opportunity?
Highway and urban tolling applications present the largest growth opportunities due to increasing vehicle numbers and the shift toward automated, contactless payment systems.

4. How will market development trends evolve over the next five years?
Market trends will focus on multi-technology integration, cloud-based management platforms, and the incorporation of blockchain to enhance security and operational efficiency.

5. What is the nature of the competitive landscape and challenges in the Electronic Toll Collection Market?
The market is highly competitive with players focusing on strategic collaborations and technology advancements. Challenges include system interoperability and regulatory compliance across regions.

6. What go-to-market strategies are commonly adopted in the Electronic Toll Collection Market?
Key strategies include partnership development with regional authorities, technology acquisitions, and expanding service portfolios to include analytics and software solutions enhancing toll revenue management.

Author of this marketing PR :
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.

About Us:
Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.

Contact Us:

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Coherent Market Insights
533 Airport Boulevard,
Suite 400, Burlingame,
CA 94010, United States
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This release was published on openPR.

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