North America Automatic Tolling System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Hardware and Services), and Type (Unmanned Self-Service Automated Tollbooth Collection Systems, Unmanned Automated Toll Booth Collection Systems, and Unmanned Wireless Automated Toll Booth Collection Systems)

TIPRE00024064 | Pages: 116 | Automotive and Transportation | Aug 2021 | Type: Regional | Status: Published

Market Introduction

The North American region includes countries such as the US, Canada, and Mexico. The road and transportation construction industry in North America is growing significantly due to increase in state and local spending, as well as rise in federal funding for highways. Also, external factors such as cyclical growth and dispersal of nonresidential construction activity stimulate the demand for the installation of transportation infrastructure, such as airport runways, private roads, and streets. This, in turn, is boosting the industry demand. Thus, with the increasing road and transportation construction activities, the developments of toll booths are also observed in the region. These factors are influencing the growth of automatic tolling system market.

Further, according to the annual economic forecast by the American Road & Transportation Builders Association (ARTBA) in 2020, the US transportation infrastructure is expected to grow by at least 5% in 2021, Additionally, the construction work on private highways, bridges, parking lots and driveways increased from US$ 69.1 billion in 2019 to US$ 71.8 billion in 2020, and it will continue to grow over the next five years as market activity increases in those sectors. Thus, rise in number of vehicles in the region and increase in pace in constructing public & private highway, streets, bridges & tunnels, and airport runways & terminals, will see a rise in toll booths, thereby influencing the demand for automatic tolling systems in the region.

North America is among the worst-hit regions by the COVID-19 pandemic. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. COVID-19 outbreak has negatively impacted manufacturing and construction businesses in the region in four critical areas, such as supply chain/operations, workforce, 2020 investments, and product offering, as well as the transportation sector also affected due to the non-movement of vehicles. There has been a disruption in the supply chain of many industries due to restrictions in logistics and the closing of manufacturing facilities. The outbreak of COVID-19 has brought effects on many aspects, such as flight cancellations; lockdown & restrictions imposed, travel bans. As a result of all these travel bans and restrictions, there have been extraordinary changes in traffic volumes, transits, and toll collection revenues. As a result of less toll collection, the upgradation of older toll systems to advanced tolling system is at halt, impacting the growth of North America automatic tolling system market. However, in 2021, with the uplifting of lockdown restrictions and vaccination processes, the road and highway construction and developments has started again, helps in creating a positive scenario for the automatic tolling system market growth.      


Get more information on this report :



Market Overview and Dynamics

The automatic tolling system market in North America is expected to grow from US$ 2,228.71 million in 2021 to US$ 3,045.86 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. North America is one of the technologically advanced regions. The developed countries in the region are known for adopting advanced technologies, high standards of living, and developed infrastructure. Thus, with the increase in adoption of RFID technology and GPS, the region is implementing different Offerings of toll booths such as unmanned automated toll booth collection systems and unmanned wireless automated toll booth collection systems. This is also influencing the growth of automatic tolling system market in the region.    

Key Market Segments

The North America automatic tolling system market is segmented into offering and type. Based on offering, the North America automatic tolling system market is segmented into hardware and services. The services segment held the largest market share in 2020. Based on type, the automatic tolling system market is segmented into unmanned self-service automated toll booth collection system, unmanned automated toll booth collection system, and unmanned wireless automated toll booth collection system. The unmanned automated toll booth collection system segment led the automated tolling system market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the automatic tolling system market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Conduent Business Services, LLC; Feig Electronic; IBI Group; Indra Sistemas, S.A.; Iteris, Inc.; Neology Inc.; Raytheon Technologies Corporation; Siemens Mobility; STMicroelectronics N.V.; Tecsidel, S.A.; Thales Group; and TransCore, LP.      

Reasons to buy report

  • To understand the North America automatic tolling system market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America automatic tolling system market.
  • Efficiently plan M&A and partnership deals in North America automatic tolling system market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America automatic tolling system market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

North America Automatic Tolling System Market Segmentation

North America Automatic Tolling System Market - By Offering

  • Hardware
  • Services

North America Automatic Tolling System Market - By Type

  • Unmanned Self-Service Automated Tollbooth Collection System
  • Unmanned Automated Toll Booth Collection System
  • Unmanned Wireless Automated Toll Booth Collection System

North America Automatic Tolling System Market - By Country

  • US
  • Canada
  • Mexico

North America Automatic Tolling System Market - Company Profiles

  • Conduent Business Services, LLC
  • Feig Electronic
  • IBI Group
  • Indra Sistemas, S.A.
  • Iteris, Inc.
  • Neology Inc.
  • Raytheon Technologies Corporation
  • Siemens Mobility
  • STMicroelectronics N.V.
  • Tecsidel, S.A.
  • Thales Group
  • TransCore, LP    
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Automatic Tolling System Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Automatic Tolling System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Benefits to the economy and public safety in the long run

5.2         Market Restraints

5.2.1        Chances of leakage and huge CapEx & OpEx costs

5.3         Market Opportunities

5.3.1        Rising Need for effective toll management systems in various economies

5.4         Future Trends

5.4.1        Upcoming of advanced technologies to make highly effective tolling systems

5.5         Impact Analysis of Drivers and Restraints

6.           Automatic Tolling System Market – North America Analysis

6.1         North America Automatic Tolling System Market Overview

6.2         North America Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

7.           North America Automatic Tolling System Market Analysis – By Offering

7.1         Overview

7.2         North America Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)

7.3         Hardware

7.3.1        Overview

7.3.2        Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

7.4         Services

7.4.1        Overview

7.4.2        Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

8.           North America Automatic Tolling System Market Analysis – By Type

8.1         Overview

8.2         North America Automatic Tolling System Market Breakdown, By Type (2020 and 2028)

8.3         Unmanned Self-Service Automated Toll Booth Collection System

8.3.1        Overview

8.3.2        Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

8.4         Unmanned Automated Toll Booth Collection System

8.4.1        Overview

8.4.2        Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

8.5         Unmanned Wireless Automated Toll Booth Collection System

8.5.1        Overview

8.5.2        Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

9.           North America Automatic Tolling System Market – Country Analysis

9.1         Overview

9.1.1        North America: Automatic Tolling System Market, by Key Country

9.1.1.1          US: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          US: Automatic Tolling System Market, by Offering

9.1.1.1.2          US: Automatic Tolling System Market, by Type

9.1.1.2          Canada: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Canada: Automatic Tolling System Market, by Offering

9.1.1.2.2          Canada: Automatic Tolling System Market, by Type

9.1.1.3          Mexico: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Mexico: Automatic Tolling System Market, by Offering

9.1.1.3.2          Mexico: Automatic Tolling System Market, by Type

10.        North America Automatic Tolling System Market- COVID-19 Impact Analysis

10.1      North America: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Development

12.        Company Profiles

12.1      Raytheon Technologies Corporation

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      STMicroelectronics N.V.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Thales Group

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Indra Sistemas, S.A.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Conduent Business Services, LLC

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Neology Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Feig Electronic

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Siemens Mobility

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      IBI Group

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Tecsidel, S.A.

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

12.11   Iteris, Inc.

12.11.1  Key Facts

12.11.2  Business Description

12.11.3  Products and Services

12.11.4  Financial Overview

12.11.5  SWOT Analysis

12.11.6  Key Developments

12.12   TransCore, LP

12.12.1  Key Facts

12.12.2  Business Description

12.12.3  Products and Services

12.12.4  Financial Overview

12.12.5  SWOT Analysis

12.12.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             North America Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             US: Automatic Tolling System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Automatic Tolling System Market, by Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             Canada: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Mexico: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Automatic Tolling System Market Segmentation

Figure 2.           North America Automatic Tolling System Market Segmentation – By Country

Figure 3.           North America Automatic Tolling System Market Overview

Figure 4.           Services Segment held the largest share in 2020

Figure 5.           Unmanned Automated Toll Booth Collection System Segment held the largest share in 2020

Figure 6.           US held the largest share in 2020

Figure 7.           North America: PEST Analysis

Figure 8.           North America Automatic Tolling System Market – Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        Impact Analysis of Drivers and Restraints

Figure 11.        North America Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 12.        North America Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)

Figure 13.        North America Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        North America Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        North America Automatic Tolling System Market Breakdown, By Type (2020 and 2028)

Figure 16.        North America Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        North America Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        North America: Automatic Tolling System Market, by Key Country – Revenue (2020) (US$ Million)

Figure 20.        North America: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)

Figure 21.        US: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Canada: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Mexico: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Impact of COVID-19 Pandemic in North American Country Markets

 

  1. Conduent Business Services, LLC
  2. Feig Electronic
  3. IBI Group
  4. Indra Sistemas, S.A.
  5. Iteris, Inc.
  6. Neology Inc.
  7. Raytheon Technologies Corporation
  8. Siemens Mobility
  9. STMicroelectronics N.V.
  10. Tecsidel, S.A.
  11. Thales Group
  12. TransCore, LP
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America automatic tolling system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America automatic tolling system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the automatic tolling system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$3000
$1500
Site License
$4000
$2000
Enterprise License
$5000
$2500