Vehicle Toll Collection and Access System Market

Vehicle Toll Collection and Access System Market: Introduction

• Vehicle toll collection and access system enables the mode to collect maintenance and cost recovery charges for highways, tunnels, and bridges. Vehicle toll collection and access systems have evolved into a digital and speedy mode that helps mitigate traffic woes and congestion.

 Key Drivers of Vehicle Toll Collection and Access System Market

• Governments of developing countries have identified the development of infrastructure as a key factor to boost their respective economies. Increased public investments in construction of highways, bridges, and tunnels to connect rural and urban areas and investments for future mega cities and smart cities are projected to drive the vehicle toll collection and access system market.
• Technological advancements in the toll collection system, such as integration of software and sensors, and increasing use of vehicle toll collection and access system in intelligent transport infrastructure are estimated to boost the market during the forecast period

Electronic toll collection segment to expand significantly

• The electronic toll collection segment held a leading share of the global market owing to its high adoption across roadways worldwide. The segment is anticipated to expand at a high growth rate during the forecast period. The electronic toll collection segment can be further sub-segmented into (RFID, DSRC, Video Analytics, and GNSS/GPS). Electronic toll collection systems are dominatingly RFID- and DSRC-based and further technology developments are anticipated to boost the adoption of Video Analytics based toll collection system

North America held a leading share of global vehicle toll collection and access system market

• North America contributed to leading share of the vehicle toll collection and access system market owing to high rate of adoption of vehicle toll collection and access system in the U.S. North America is followed by Europe, with Germany, U.K., and France contributing to high share of the vehicle toll collection and access system market in Europe.
• Infrastructure development is booming in China, India, and countries in ASEAN, which is estimated to boost the demand for the vehicle toll collection and access system in Asia Pacific. The market in Asia Pacific is projected to expand at a significant growth rate during the forecast period.

Key Players Operating in Vehicle Toll Collection and Access System Market

The global vehicle toll collection and access system market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the global vehicle toll collection and access system market are:

• Schneider Electric
• Fieg Electronics
• Siemens AG
• Thales Group
• Robert Bosch GmbH
• Efkon AG
• Mitusbhishi Heavy Industries
• Nedap N.V.
• TRMI Systems Integration
• TransCore Holdings
• Automatic Systems

Global Vehicle Toll Collection and Access System Market: Research Scope

Global Vehicle Toll Collection and Access System Market, by Toll Collection Type

• Barrier Toll Collection
• Entry/ Exit Toll Collection
• Electronic Toll Collection
  • RFID Based Electronic Toll Collection
  • DSRC Based Electronic Toll Collection
  • Video Analytics Based Electronic Toll Collection
  • GNSS/GPS Based Electronic Toll Collection

Global Vehicle Toll Collection and Access System Market, by Application Type

• Bridges
• Roads
• Tunnels

Global Vehicle Toll Collection and Access System Market, by Toll Gate Type

• Magnetic Access Barrier
• Magnetic Highway Barrier
• Magnetic High-Speed Barrier
• Others

Global Vehicle Toll Collection and Access System Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa