Asia-Pacific Electronic Toll Collection Market By Type (All Electronic Tolling & Electronic Toll Collection), By Technology (Radio Frequency Identification, Dedicated Short-Range Communication & Others), By Application, By Country, Competition, Forecast & Opportunities, 2026
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAsia-Pacific Electronic Toll Collection Market By Type (All Electronic Tolling & Electronic Toll Collection), By Technology (Radio Frequency Identification, Dedicated Short-Range Communication & Others), By Application, By Country, Competition, Forecast & Opportunities, 2026
Asia-Pacific electronic toll collection market registered over USD1.03 billion in 2019 and is projected to grow at a CAGR of around
Electronic toll collection market in the region can be segmented based on type, technology, application and country. In terms of technology, the market can be classified into radio frequency identification (RFID), dedicated short range communication and others. Among these, RFID has witnessed significant adoption due to low operational costs associated with that. On the basis of application, the market can be bifurcated into highways and urban. Highways is the dominant application segment in the market, as highways witness high traffic, requiring better management solutions.
In terms of regional analysis, the market for electronic toll collection has been segmented into Japan, China, South Korea, Australia, India and Malaysia. On account of increasing traffic congestion in India, FASTag, an electronic toll collection system based on RFID technology, was implemented by National Highways Authority of India (NHAI) in 2016. In 2019, the Ministry of Road Transportation and Highways mandated FASTag for all the new four-wheelers in the country.
Major companies operating in the region’s electronic toll collection market recorded high sale volumes in the 2020 financial year and the trend is likely to continue during the forecast period. List of major players operating in the region include
Years considered for this report
Historical Years2016-2019
Base Year2020
Estimated Year2021
Forecast Period2022-2026
Objective of the Study
- To analyze and forecast Asia-Pacific electronic toll collection market size.
- To classify and forecast Asia-Pacific electronic toll collection market based on type, technology, application and country.
- To identify drivers and challenges for Asia-Pacific electronic toll collection market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Asia-Pacific electronic toll collection market.
- To identify and analyze the profile of leading players operating in Asia-Pacific electronic toll collection market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of leading manufacturers across the region. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the
Market Insights Research calculated Asia-Pacific electronic toll collection market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. Market Insights Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market Insights Research.
Key Target Audience
- Electronic toll collection manufacturers, suppliers, distributors and other stakeholders
- Electronic toll collection component manufacturers
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to electronic toll collection market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as electronic toll collection manufacturers, suppliers, distributors and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.
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