How big is the Electronic Toll Collection Market | Growth Insights 2025

Code: MTA6276 Publication Date: Jul 2025

What Is the size of Electronic Toll Collection Market?

According to 6Wresearch internal database and industry insights, the Global electronic toll collection market was valued at USD 7.3 billion in 2024 and is anticipated to reach USD 15.9 billion by 2031, increasing at a CAGR of 13.60% during the forecast period.

This expansion is fueled by rising smart transportation infrastructure projects, increasing vehicle numbers, government mandates for cashless tolling, and the demand for congestion-free road networks.

Growth Factors of the Electronic Toll Collection Market

  • Development of highways, expressways, and intercity road infrastructure globally
  • Integration of GPS, RFID, and DSRC technologies in tolling systems
  • Increasing adoption of multi-lane free-flow toll systems
  • Rapid urbanization and increase in vehicle ownership in emerging markets
  • Government mandates for contactless, automated tolling systems to reduce congestion
  • Improved security features and faster transaction processing in modern ETC platforms

Electronic Toll Collection Market Trends

Electronic Toll Collection Market is observing a change towards AI-integrated toll systems and cloud-based transaction management platforms. Deployment of multi-lane free-flow tolling is gaining traction across developed nations, while hybrid toll systems combining RFID and video analytics are emerging in developing regions.

In addition, there is a trend toward interoperability across national and cross-border toll systems, especially in Europe and parts of Asia. Furthermore, eco-friendly policies are encouraging ETC to cut vehicle idling and reduce carbon emissions at toll plazas.

Emerging Developments in Electronic Toll Collection Industry

Emerging developments in the Electronic Toll Collection Industry include real-time toll payment integration with digital wallets and banking platforms and the introduction of blockchain-based toll record systems to enhance transparency.

Governments are also exploring the use of satellite-based tolling for seamless cross-border travel. In addition, private operators are investing in infrastructure upgrades to support 5G-enabled toll systems for high-speed vehicle recognition.

Leading Companies in the Electronic Toll Collection Industry

  • Kapsch TrafficCom
  • Conduent Inc.
  • TransCore
  • Raytheon Technologies
  • Thales Group
  • Siemens Mobility
  • EFKON GmbH
How big is the Electronic Toll Collection Market: FAQs
Key drivers include the need for reducing traffic congestion, minimizing cash transactions, and supporting smart transportation initiatives.
Growth is driven by rising smart transportation infrastructure projects and the demand for congestion-free road networks
North America and Asia-Pacific are leading due to widespread highway development and favorable government policies.
Electronic Toll Collection Industry is expected to surpass USD 15.9 billion by 2031.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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