Asia Pacific Electronic Toll Collection Market Size, Share & Industry Trends Analysis Report By Type (Transponder-/Tag-based Tolling Systems and Other Tolling Systems), By Technology, By Offering, By Application, By Country and Growth Forecast, 2022 - 2028

The Asia Pacific Electronic Toll Collection Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).

One of the main factors propelling the market's expansion is the creation of intelligent transportation systems coupled with the rising demand for efficient traffic management solutions. In addition, emerging countries are rapidly adopting ETC systems to manage the additional traffic at toll plazas on roads as well as highways as a result of the quickly growing population around the world, which is leading to an increase in on-road traffic.

The introduction of radio-frequency identification (RFID) sensors and the use of real-time tracking and monitoring systems for automobiles are two further technological developments that are promoting industry expansion. These devices help manage over-speeding vehicles and track stolen cars in addition to collecting tolls. Other factors are expected to fuel the market, such as significant research and development (R&D) efforts, and rising levels of automation in the automotive industry.

The presence of barriers increases travels time, fuel consumption, and consequently, road pollution, even though in this system the toll is directly collected from the drivers. The Indian automotive sector is quickly growing as a result of rising commercial vehicle demand, rising transit & transportation vehicle production, and rising use of road freight transport due to the challenging topography in the nation. The demand for commercial vehicles such as low-duty trucks, heavy-duty trucks, buses, etc. increases with the increasing development of desert lands, hilly terrains, and other challenging terrains, which will fuel the expansion of the India commercial vehicle market over the next five years.

The China market dominated the Asia Pacific Electronic Toll Collection Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $971.4 million by 2028. The Japan market is estimated to grow a CAGR of 6.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 7.4% during (2022 - 2028).

Based on Type, the market is segmented into Transponder-/Tag-based Tolling Systems and Other Tolling Systems. Based on Technology, the market is segmented into RFID, Dedicated Short-Range Communication (DSRC), and Others. Based on Offering, the market is segmented into Back-office & Other Services and Hardware. Based on Application, the market is segmented into Highways and Urban Areas. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Electronic Toll Collection Market is Projected to reach USD 11.6 Billion by 2028, at a CAGR of 6%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thales Group S.A., Raytheon Technologies Corporation, Kapsch TrafficCom AG (Datax Handels Gmbh), Conduent, Incorporated, Cubic Corporation, Siemens AG, TransCore (ST Engineering), Efkon GmbH (STRABAG SE), and FEIG ELECTRONIC GmbH.

Scope of the Study

Market Segments Covered in the Report:

By Type

• Transponder-/Tag-based Tolling Systems
• Other Tolling Systems

By Technology

• RFID
• Dedicated Short-Range Communication (DSRC)
• Others

By Offering

• Back-office & Other Services
• Hardware

By Application

• Highways
• Urban Areas

By Country

• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

• Thales Group S.A.
• Raytheon Technologies Corporation
• Kapsch TrafficCom AG (Datax Handels Gmbh)
• Conduent, Incorporated
• Cubic Corporation
• Siemens AG
• TransCore (ST Engineering)
• Efkon GmbH (STRABAG SE)
• FEIG ELECTRONIC GmbH

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Electronic Toll Collection Market, by Type
1.4.2 Asia Pacific Electronic Toll Collection Market, by Technology
1.4.3 Asia Pacific Electronic Toll Collection Market, by Offering
1.4.4 Asia Pacific Electronic Toll Collection Market, by Application
1.4.5 Asia Pacific Electronic Toll Collection Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Asia Pacific Electronic Toll Collection Market by Type
3.1 Asia Pacific Transponder-/Tag-based Tolling Systems Market by Country
3.2 Asia Pacific Other Tolling Systems Market by Country

Chapter 4. Asia Pacific Electronic Toll Collection Market by Technology
4.1 Asia Pacific RFID Market by Country
4.2 Asia Pacific Dedicated Short-Range Communication (DSRC) Market by Country
4.3 Asia Pacific Others Market by Country

Chapter 5. Asia Pacific Electronic Toll Collection Market by Offering
5.1 Asia Pacific Back-office & Other Services Market by Country
5.2 Asia Pacific Hardware Market by Country

Chapter 6. Asia Pacific Electronic Toll Collection Market by Application
6.1 Asia Pacific Highways Market by Country
6.2 Asia Pacific Urban Areas Market by Country

Chapter 7. Asia Pacific Electronic Toll Collection Market by Country
7.1 China Electronic Toll Collection Market
7.1.1 China Electronic Toll Collection Market by Type
7.1.2 China Electronic Toll Collection Market by Technology
7.1.3 China Electronic Toll Collection Market by Offering
7.1.4 China Electronic Toll Collection Market by Application
7.2 Japan Electronic Toll Collection Market
7.2.1 Japan Electronic Toll Collection Market by Type
7.2.2 Japan Electronic Toll Collection Market by Technology
7.2.3 Japan Electronic Toll Collection Market by Offering
7.2.4 Japan Electronic Toll Collection Market by Application
7.3 India Electronic Toll Collection Market
7.3.1 India Electronic Toll Collection Market by Type
7.3.2 India Electronic Toll Collection Market by Technology
7.3.3 India Electronic Toll Collection Market by Offering
7.3.4 India Electronic Toll Collection Market by Application
7.4 South Korea Electronic Toll Collection Market
7.4.1 South Korea Electronic Toll Collection Market by Type
7.4.2 South Korea Electronic Toll Collection Market by Technology
7.4.3 South Korea Electronic Toll Collection Market by Offering
7.4.4 South Korea Electronic Toll Collection Market by Application
7.5 Singapore Electronic Toll Collection Market
7.5.1 Singapore Electronic Toll Collection Market by Type
7.5.2 Singapore Electronic Toll Collection Market by Technology
7.5.3 Singapore Electronic Toll Collection Market by Offering
7.5.4 Singapore Electronic Toll Collection Market by Application
7.6 Malaysia Electronic Toll Collection Market
7.6.1 Malaysia Electronic Toll Collection Market by Type
7.6.2 Malaysia Electronic Toll Collection Market by Technology
7.6.3 Malaysia Electronic Toll Collection Market by Offering
7.6.4 Malaysia Electronic Toll Collection Market by Application
7.7 Rest of Asia Pacific Electronic Toll Collection Market
7.7.1 Rest of Asia Pacific Electronic Toll Collection Market by Type
7.7.2 Rest of Asia Pacific Electronic Toll Collection Market by Technology
7.7.3 Rest of Asia Pacific Electronic Toll Collection Market by Offering
7.7.4 Rest of Asia Pacific Electronic Toll Collection Market by Application

Chapter 8. Company Profiles
8.1 Thales Group S.A.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research and Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.2 Raytheon Technologies Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 Kapsch TrafficCom AG (Datax Handelsgmbh)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Geographical Expansions:
8.4 Conduent, Incorporated
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.5 Cubic Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research and Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Siemens AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 TransCore (ST Engineering)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.8 EFKON GmbH (STRABAG SE)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 FEIG ELECTRONIC GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Acquisition and Mergers:
8.10. Neology Inc. (One Equity Partners)
8.10.1 Company Overview

TABLE 1 Asia Pacific Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Transponder-/Tag-based Tolling Systems Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Transponder-/Tag-based Tolling Systems Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Other Tolling Systems Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Other Tolling Systems Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 11 Asia Pacific RFID Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific RFID Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Dedicated Short-Range Communication (DSRC) Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Dedicated Short-Range Communication (DSRC) Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Back-office & Other Services Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Back-office & Other Services Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Hardware Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Hardware Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Highways Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Highways Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Urban Areas Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Urban Areas Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Electronic Toll Collection Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Electronic Toll Collection Market by Country, 2022 - 2028, USD Million
TABLE 31 China Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 32 China Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 33 China Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 34 China Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 35 China Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 36 China Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 37 China Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 38 China Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 39 China Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 40 China Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 41 Japan Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 42 Japan Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 43 Japan Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 44 Japan Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 45 Japan Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 46 Japan Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 47 Japan Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 48 Japan Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 49 Japan Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 50 Japan Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 51 India Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 52 India Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 53 India Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 54 India Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 55 India Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 56 India Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 57 India Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 58 India Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 59 India Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 60 India Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 61 South Korea Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 62 South Korea Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 63 South Korea Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 64 South Korea Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 65 South Korea Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 66 South Korea Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 67 South Korea Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 68 South Korea Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 69 South Korea Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 70 South Korea Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 71 Singapore Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 72 Singapore Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 73 Singapore Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 74 Singapore Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 75 Singapore Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 76 Singapore Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 77 Singapore Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 78 Singapore Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 79 Singapore Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 80 Singapore Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 81 Malaysia Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 82 Malaysia Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 83 Malaysia Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 84 Malaysia Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 85 Malaysia Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 86 Malaysia Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 87 Malaysia Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 88 Malaysia Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 89 Malaysia Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 90 Malaysia Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 91 Rest of Asia Pacific Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 92 Rest of Asia Pacific Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 93 Rest of Asia Pacific Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 94 Rest of Asia Pacific Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 95 Rest of Asia Pacific Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 96 Rest of Asia Pacific Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 101 key information – Thales Group S.A.
TABLE 102 Key Information – Raytheon Technologies Corporation
TABLE 103 Key Information – Kapsch TrafficCom AG
TABLE 104 Key Information –Conduent, Incorporated
TABLE 105 Key Information – Cubic Corporation
TABLE 106 Key Information – Siemens AG
TABLE 107 Key information – TransCore
TABLE 108 Key Information – EFKON GmbH
TABLE 109 Key Information – FEIG ELECTRONIC GmbH
TABLE 110 Key Information – Neology Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: Siemens AG
FIG 3 Recent strategies and developments: FEIG ELECTRONIC GmbH