The Latin America, Middle East and Africa Electronic Toll Collection Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
Direct payment of toll from prepaid or savings accounts is in high demand due to consumers' growing need for simple, quick transactions. The prepaid tag enables toll charges to be deducted automatically and permits vehicles to pass through without stopping to conduct business. The Toll Management Systems (TMS) and the Prepaid Card System are connected, allowing toll operators to choose the classes of vehicles and deduct the necessary toll costs from the prepaid card. The use of prepaid payment options in electronic toll collecting systems will be aided by the advantages of quick and cashless transactions.
Over time, tolling technology has advanced. The most recent AET available today feature multiprotocol readers that can scan many toll tag types simultaneously and high-speed video cameras that can automatically capture & process high-resolution images with a high accuracy rate. This can be predicted that this technology will advance further.
The main element promoting the construction of major infrastructure in the LAMEA region is the significant investment made in infrastructure development by the UAE and Saudi Arabia for the promotion of tourism and travel and consequent income creation. This was ascribed to the growth of numerous cities as well as the requirement for connection, which is boosting the demand for toll collection by the relevant government for their upkeep. Additionally, it is projected that the expanding population in Africa's developing nations, where big cities are forming and connecting to ports and towns, would boost the demand for better connectivity and increase the need for road maintenance.
The Brazil market dominated the LAMEA Electronic Toll Collection Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $208.2 million by 2028. The Argentina market is experiencing a CAGR of 8.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Electronic Toll Collection Market is Predict to reach $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
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
TABLE 1 LAMEA Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Transponder-/Tag-based Tolling Systems Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Transponder-/Tag-based Tolling Systems Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Other Tolling Systems Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Other Tolling Systems Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 10 LAMEA Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 11 LAMEA RFID Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA RFID Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Dedicated Short-Range Communication (DSRC) Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Dedicated Short-Range Communication (DSRC) Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 18 LAMEA Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 19 LAMEA Back-office & Other Services Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Back-office & Other Services Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Hardware Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Hardware Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 24 LAMEA Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 25 LAMEA Highways Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Highways Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Urban Areas Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Urban Areas Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Electronic Toll Collection Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Electronic Toll Collection Market by Country, 2022 - 2028, USD Million
TABLE 31 Brazil Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 32 Brazil Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 33 Brazil Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 34 Brazil Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 35 Brazil Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 36 Brazil Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 37 Brazil Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 38 Brazil Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 39 Brazil Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 40 Brazil Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 41 Argentina Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 42 Argentina Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 43 Argentina Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 44 Argentina Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 45 Argentina Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 46 Argentina Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 47 Argentina Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 48 Argentina Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 49 Argentina Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 50 Argentina Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 51 UAE Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 52 UAE Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 53 UAE Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 54 UAE Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 55 UAE Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 56 UAE Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 57 UAE Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 58 UAE Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 59 UAE Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 60 UAE Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 61 Saudi Arabia Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 62 Saudi Arabia Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 71 South Africa Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 72 South Africa Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 73 South Africa Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 74 South Africa Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 75 South Africa Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 76 South Africa Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 77 South Africa Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 78 South Africa Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 79 South Africa Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 80 South Africa Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 81 Nigeria Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 82 Nigeria Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 83 Nigeria Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 84 Nigeria Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 85 Nigeria Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 86 Nigeria Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 87 Nigeria Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 88 Nigeria Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 89 Nigeria Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 90 Nigeria Electronic Toll Collection Market by Application, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Electronic Toll Collection Market, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Electronic Toll Collection Market, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Electronic Toll Collection Market by Type, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Electronic Toll Collection Market by Type, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Electronic Toll Collection Market by Technology, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Electronic Toll Collection Market by Technology, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Electronic Toll Collection Market by Offering, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Electronic Toll Collection Market by Offering, 2022 - 2028, USD Million
TABLE 99 Rest of LAMEA Electronic Toll Collection Market by Application, 2018 - 2021, USD Million
TABLE 100 Rest of LAMEA 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