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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The Electronic Toll Collection System is abbreviated as ETC. ETC is a technology that allows vehicles to pay additional taxes on toll ways without having to stop their vehicle.
This is achieved by placing an ETC card into the car's equipped ETC in-vehicle transmitter. Wireless connection exists between the gadget and an antenna mounted at the toll booth on toll highways.
To use the Electronic Toll Collection Process, users will need to get an ETC card to settle fee bills and an ETC in-vehicle equipment to initiate the broadband communication.
Toll collecting, also known as Automated toll collection, is predicted to grow in market value throughout the projection period as a result of possible benefits such as greater time efficiency, vehicle recognition, and technical improvements.
Because of significant government backing, the demand for electronic toll collecting is expanding rapidly in emerging nations. Government entities in industrialised nations collect tolls on roads, tunnels, and crossings, which tends to exacerbate traffic congestion, resulting in deadly accidents.
To prevent such occurrences, they are deploying Electronic Toll Collection Systems in addition to traditional tolling systems to maintain free traffic flow. In industrialised and civilised countries, traffic congestion is a major worry, thus the need for a pleasant ride is high.
This seamless speed of traffic is becoming more prevalent in developed countries. Toll collection technologies also reduce the amount of road and traffic accidents, as well as the inconvenience of emergency driving.
Such considerations are propelling the Automated In Vehicle Toll Payment market forward.
The overall expansion of the Automated Toll Plazas market is being fuelled by the rising utilization of computer technology, wireless connection, the growing penetration of internet access, and other new technologies.
The region's good attitude toward innovative technology will accelerate the deployment of RFID-based electronic toll collecting systems. To automate the deduction of toll amounts, RFID tags are scanned using an RFID reader installed on an electronic toll collecting system.
The technology makes it simple for car owners and toll authorities to share payment information. As a consequence, manual labour and human mistakes are reduced, and toll collecting is more transparent.
Global In Vehicle ETC Market is expected to gain market growth in the forecast period of 2024 to 2030. It is analyzed that the market is growing with a CAGR of XX.X% in the forecast period of 2024 to 2030 and is expected to reach USD XXXX million by 2030.
Slowdowns and a lack of manpower or raw supplies had a substantial impact on businesses in the automotive, transportation, construction, and semiconductor industries.
Foreign trade restrictions and the execution of different government policies to take precautionary measures also had an influence on market growth. RFID technology is expected to grow in the European electronic toll collecting industry through 2027.
A number of European countries are turning to novel solutions to improve the efficiency of their transportation networks and meet their sustainability goals. Several towns in Italy, for example, have deployed RFID-based mobility monitoring and management systems.
Hasin Expressway is a leading mobiliser of the In vehicle ETC requirements in the market. In the automobile, the ETC in-vehicle gadget is placed.
A wireless link is established between an ETC card put into the ETC in-vehicle device and an antenna deployed at toll booths to send payment information.
Car dealerships and auto supply companies sell ETC in-vehicle gadgets. The gadget must first be fitted in the automobile and configured by capturing vehicle information. The setup shops should be used for installation and setup.
Toyota Inc. is part of the component manufacture trending companies in the current industry. The ETC 2.0, a more sophisticated ETC system, is now up and running.
The new system's most notable improvement is its ability to facilitate large-scale interactive communication. The former system solely employed communication technology to collect tolls on highways, while ETC 2.0 adds new features based on a vehicle's driving history data,
such as GPS coordinates, distance travelled, and acceleration and rapid braking data. This information is sent from ETC 2.0 onboard units to roadside antennae (ITS spots) every 10â15 kilometres on intercity roadways.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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