Europe 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)

Code: TIPRE00024065 | Pages: 123 | Industry: Automotive and Transportation | Date: Aug 2021 | Type: Regional

Market Introduction

Europe region comprises Germany, France, Italy, the UK, Russia, and the Rest of Europe. The Rest of Europe consists of Sweden, Switzerland, Spain, Austria, Ireland, Hungary, and Belgium, among other countries. Well-established transportation and logistics sectors are positively influencing the demand for electronic tolling collection systems on roads and highways of Europe. Further, the European Commission is funding various projects to improve smart transportation systems in the region. For instance, Pilot on Interoperable Systems for Tolling Applications (PISTA) is a project that aims at implementing and monitoring the electronic fee collection (EFC) system across Europe.

The region is looking to adopt new technologies for a smoother flow of vehicles. For instance, Toll4Europe's toll system offers a range of smart value-added services. The company is providing European electronic tolling service (EETS) tolling system. Further, the company has entered into a joint venture comprising T-Systems, Daimler, and DKV Euro Service to offer advanced technology in tolling system. The EETS system has linked two main technologies – global navigation satellite system (GNSS) and dedicated short range communication (DSRC). Moreover, the European Commission has recognized the need for technological innovation, which is increasing the demand for automatic tolling systems in the region.

In Europe, the France is the hardest-hit country by the COVID-19 outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in the UK, has affected the installation of automatic tolling system across the Europe region. Further, the businesses in the region (such as manufacturing and road & highway construction industries) faces severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Moreover, the automatic tolling systems are a combination of several electronic components and devices, such as transponders, cameras, RFID chips, controllers, and processors. As a result, borders are sealed, and strict lockdowns are enforced as preventive measures, thereby having a direct impact on the supply chain of electronic components and devices. Anticipated delay in supply of raw materials to manufacturers who meet the requirements of tolling system integrators, as well as delay in delivery of products, leading to the supply chain disruptions in 2020. But now in 2021, with the uplifting of lockdowns and vaccination process, the road and highway construction activities have started again, and the raw material are easily available. Thus, this will lead the growth of automatic tolling system market in the region.


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Market Overview and Dynamics

The automatic tolling system market in Europe is expected to grow from US$ 2,486.94 million in 2021 to US$ 3,647.29 million by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028. Europe led the Europe automatic tolling system market with a revenue share of 32.3% in 2020. The new advanced technologies in toll collection for smoother flow of vehicles are widely adopted in Europe. For instance, Toll4Europe provides European electronic tolling service (EETS) tolling system and offers a range of smart value-added services. The EETS system has linked two main technologies—Europe navigation satellite-based system and dedicated short-range communication. Further, The Siemens Mobility & Logistics company is implementing GNSS Tolling Solution in countries such as France, Austria, and Slovakia. EFKON GmbH, FEIG ELECTRONIC GmbH, Siemens Mobility GmbH, STMicroelectronics, Thales Group, and Indra Sistemas SA are among the other prominent players of automatic tolling system in Europe.    

Key Market Segments

The Europe automatic tolling system market is segmented into offering and type. Based on offering, the Europe 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 Europe 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.; 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 Europe 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 Europe automatic tolling system market.
  • Efficiently plan M&A and partnership deals in Europe 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 Europe automatic tolling system market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Automatic Tolling System Market Segmentation

Europe Automatic Tolling System Market - By Offering

  • Hardware
  • Services

Europe 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

Europe Automatic Tolling System Market - By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe

Europe Automatic Tolling System Market - Company Profiles

  • Conduent Business Services, LLC
  • Feig Electronic
  • IBI Group
  • Indra Sistemas, S.A.
  • 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.           Europe Automatic Tolling System Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe Automatic Tolling System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Benefits to the economy and safety in the long run

5.2         Market Restraints

5.2.1        High CapEx & OpEx Expenditures

5.3         Market Opportunities

5.3.1        Growing demand for effective toll management systems in European countries

5.4         Future Trends

5.4.1        Enhanced tolling systems due to advanced technologies

5.5         Impact Analysis of Drivers and Restraints

6.           Automatic Tolling System Market – Europe Analysis

6.1         Europe Automatic Tolling System Market Overview

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

7.           Europe Automatic Tolling System Market Analysis – By Offering

7.1         Overview

7.2         Europe 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.           Europe Automatic Tolling System Market Analysis – By Type

8.1         Overview

8.2         Europe 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.           Europe Automatic Tolling System Market – Country Analysis

9.1         Overview

9.1.1        Europe: Automatic Tolling System Market, by Key Country

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

9.1.1.1.1          Germany: Automatic Tolling System Market, by Offering

9.1.1.1.2          Germany: Automatic Tolling System Market, by Type

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

9.1.1.2.1          France: Automatic Tolling System Market, by Offering

9.1.1.2.2          France: Automatic Tolling System Market, by Type

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

9.1.1.3.1          Italy: Automatic Tolling System Market, by Offering

9.1.1.3.2          Italy: Automatic Tolling System Market, by Type

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

9.1.1.4.1          UK: Automatic Tolling System Market, by Offering

9.1.1.4.2          UK: Automatic Tolling System Market, by Type

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

9.1.1.5.1          Russia: Automatic Tolling System Market, by Offering

9.1.1.5.2          Russia: Automatic Tolling System Market, by Type

9.1.1.6          Rest of Europe: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of Europe: Automatic Tolling System Market, by Offering

9.1.1.6.2          Rest of Europe: Automatic Tolling System Market, by Type

10.        Europe Automatic Tolling System Market- COVID-19 Impact Analysis

10.1      Europe: 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

12.12   EFKON GmbH

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

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

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

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

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

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

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

Table 8.             UK: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 9.             UK: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Russia: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Russia: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of Europe: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of Europe: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Automatic Tolling System Market Segmentation

Figure 2.           Europe Automatic Tolling System Market Segmentation – By Country

Figure 3.           Europe 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.           Rest of Europe held the largest share in 2020

Figure 7.           Europe: PEST Analysis

Figure 8.           Europe Automatic Tolling System Market – Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        Impact Analysis of Drivers and Restraints

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 24.        UK: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Russia: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Rest of Europe: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Impact of COVID-19 Pandemic in Europe Country Markets

 

  1. Conduent Business Services, LLC
  2. Feig Electronic
  3. IBI Group
  4. Indra Sistemas, S.A.
  5. Neology Inc.
  6. Raytheon Technologies Corporation
  7. Siemens Mobility
  8. STMicroelectronics N.V.
  9. Tecsidel, S.A.
  10. Thales Group
  11. TransCore, LP
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