Dublin, July 15, 2025 (GLOBE NEWSWIRE) -- The "Electronic Toll Collection Market by Radio-Frequency Identification, Dedicated Short-Range Communications, Hardware, Back Office & Other Services, Highways, Urban Areas, Transponders/Tag-based Tolling Systems and Region - Global Forecast to 2030" has been added to offering.

The electronic toll collection market is set to grow from USD 10.19 billion in 2025 to USD 15.20 billion by 2030, at a CAGR of 8.3%. This growth is driven by rising traffic congestion and the need for efficient toll management systems. However, overreliance on technology and susceptibility to technical failures act as market restraints.

The Asia Pacific region is poised to experience the highest CAGR in the transponders/tag-based tolling systems segment between 2025 and 2030. Factors such as technological advancement, economic growth, and infrastructural development are boosting demand. Growing urbanization and traffic congestion in countries like China, India, Japan, and South Korea necessitate effective tolling solutions, with RFID-based transponder systems improving toll collection speeds, as seen with India's FASTag system serving 35 million vehicles.

The highways segment is projected to lead the electronic toll collection market in North America by 2025. Systems like E-ZPass are integral for managing tolls on congested highways, enhancing safety and efficiency by allowing vehicles to pass without stopping. The systems reduce vehicle emissions by 40-66% through minimized idling, aligning with North America's green transportation initiatives.

The US market is forecasted to grow at the highest CAGR during the prediction period. With an increasing number of vehicles and older highway infrastructures, the US faces a demand for efficient electronic toll collection systems. Government mandates on electronic tolling propose operating cost savings and easier payment methods for drivers. For example, Neology's acquisition of P Square Solutions enhances its global tolling capabilities, emphasizing inorganic growth strategies by ecosystem players.

To validate and verify the market size estimates, extensive primary interviews with key industry experts in the electronic toll collection space were conducted. The breakdown of primary participants includes industry experts from tier 1, 2, and 3 companies, spanning C-level executives, directors, and other industry designates across global regions.

The electronic toll collection market is dominated by established players such as Kapsch TrafficCom AG, Conduent Incorporated, ST Engineering, Thales, and Siemens. A thorough competitive analysis, including company profiles, recent developments, and market strategies, is covered.

The report segments the market by application (highways, urban areas), type (transponders/tag-based systems), offering (hardware, back-office services), and technology (RFID, DSRC). It details drivers, restraints, opportunities, and challenges specific to global regions.

No. of Pages	246
Forecast Period	2025 - 2030
Estimated Market Value (USD) in 2025	$10.19 Billion
Forecasted Market Value (USD) by 2030	$15.2 Billion
Compound Annual Growth Rate	8.3%
Regions Covered	Global

For more information about this report visit https://www.researchandmarkets.com/r/pt5hh4

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Electronic Toll Collection Market Electronic Toll Collection Market

• Electronic Toll Collection Market Overview, 2025-30
• Electronic Toll Collection Market Outlook, 2030

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