North America Electronic Toll Collection System Market
Satellites-based GPS/GNSS Systems to Fuel North America Electronic Toll Collection System Market Growth During Forecast Period
The commercialization of global positioning systems (GPS or GNSS) has substantially broadened its scope of application in various daily activities. For instance, GPS systems installed onboard vehicles could also be utilized for toll collection purposes, thereby eliminating the need for any tolling infrastructure or system requirements. Low cost per transaction, maintainability, accessibility to web-based accounts, and no infrastructure required for integration of new routes are among other benefits of using GPS-based toll collection systems. In addition, market players are constantly making efforts to successfully implement a satellite-based framework for the toll collection system. Emovis, a Barcelona-based global provider of smart mobility solutions, provides solutions in Paris, New York, Dublin, Canada, Croatia, the UK, Qatar, and Puerto Rico. In April 2023, Emovis developed a satellite distance-based fee (DBF) solution to promote intelligent, connected mobility and expand the use of shared transport and active travel. The development of this solution with industrial partner IMMENSE aims at introducing innovative strategies for traffic management in cities to discourage and reduce the use of private vehicles and promote sustainable transport. The company announced its plan to test satellite distance-based fee (DBF) solutions in an urban environment, building on a great experience in this type of solution from Road Usage Charging programs in Washington, Oregon, Utah, and Virginia (US). This satellite tolling framework is a system that allows drivers to pay for the use of the road network with a precise calculation of the kilometers driven. Thus, the successful implementation of this framework for sustainable mobility and an efficient toll collection system is likely to boost the North America electronic toll collection system market growth.
North America Electronic Toll Collection System Market: Industry Overview
The North America electronic toll collection system market is segmented on the basis of offering, technology, application, and geography. Based on coffering, the North America electronic toll collection system market is segmented into systems and services. By technology, the North America electronic toll collection system market is bifurcated into DSRC, ANPR, GNSS and others. In terms of application, the North America electronic toll collection system market is segmented into highways and urban zones. Geographically, the North America electronic toll collection system market is segmented into US, Canada, and Mexico.
Strong economic support and continuous freight transport through NAFTA have contributed to a robust network of highways and express in Canada. Moreover, the surge in congestion at toll gateways has facilitated moderate penetration of ETC systems in the country across different highways and expressways. For instance, the 407 ETR-based toll systems facilitate seamless toll transactions through the connected cities. Canada has one of the most advanced open road tolling (ORT) systems with a 108 kilometers long highway, 200 entrance and exit points, 137 bridges, and 80 underpasses. Highway 407 now has more than a million electronic toll prepayments with ~1,028 cameras, 605 antennas, 811 flashes, and 505 detection and recognition, preventing drivers from stopping at barriers and lengthy queues. In addition, the country’s agency to further expand the seamless service to a nearby geographical region for reducing the congestion, as well as seamless transit transaction, is expected to propel the market growth in the country along with maintenance services. Also, an increase in annual freight transportation by road and an impressive transport value-add of transportation to the GDP are projected to provide moderately profitable opportunities for the market players in the Canada, contributing to the North America electronic toll collection system market growth during the forecast period.
North America Electronic Toll Collection System Market: Competitive Landscape and Key Developments
Conduent Inc, Kapsch TrafficCom AG, Thales SA, Toshiba Infrastructure Systems and Solutions Corp, TransCore LP, Magnetic Autocontrol GmbH, The Revenue Markets Inc, Sociedad Iberica de Construcciones Electricas SA, P Square Solutions LLC, Verra Mobility Corp, and Mitsubishi Heavy Industries Ltd are among the leading market players profiled in the North America electronic toll collection system market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help the key players strategize their market growth. A few developments are mentioned below:
- In April 2023, Kapsch launched the automatic number plate recognition (ANPR) software update. This update automatically recognizes license plate that is number plate depending on the application.
- In 2023, Verra Mobility partnered with Telepass to provide seamless toll payment solutions for short-term rental cars in Italy. This collaboration expanded Verra Mobility’s European presence, offering interoperable toll payment across multiple countries, simplifying cross-border travel and enhancing the smart mobility experience.
