Middle East & Africa 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: TIPRE00024066 | Pages: 115 | Industry: Automotive and Transportation | Date: Aug 2021 | Type: Regional

Market Introduction

The MEA region includes countries such as South Africa, Saudi Arabia, and the UAE. The road systems in most of the cities in MEA are heavily overloaded, which is impacting the economic growth. The governments in these regions recognize this and are developing plans to tackle the challenge. Thus, the region needs continuous financing for the construction of new roads and the maintenance and operation of existing roads. Moreover, intelligent transportation system (ITS) technology can help MEA region to tackle these issues. The tolling system in the MEA region is growing significantly due to the increasing awareness about toll collection as a sustainable fund-raising source for development of infrastructure and shift from manual toll collection system to electronic toll collection (ETC) systems. Further, in Dubai, the ETC systems are already being used in traffic management centers for real-time traffic and travel information. Several other projects of implementing automatic toll collection in the region have fueled the demand for automatic tolling systems. For instance, King Fahd Causeway connecting Saudi Arabia and Bahrain and Cairo-Alexandria Toll Road and other roads in Morocco and Tunisia, will be seen implementing advanced tolling systems. Similarly, Dubai's Roads and Transport Authority (RTA) had introduced its Salik ETC scheme. With the implementation of electronic tolling collection systems in various countries, the demand for automatic tolling system will also increase.

MEA comprises of South Africa, the UAE, Saudi Arabia, and other countries. South Africa recorded the highest number of COVID-19 cases in the APAC region and is followed by Saudi Arabia and the UAE. The APAC region has a smaller number of companies operating or offering market-specific solutions. Further, according to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy has witnessed a sharp slowdown in the year 2020. The COVID-19 outbreak has negatively impacted the construction businesses of roads and highways in the region due to the supply chain disruption and the transportation sector also affected due to the non-movement of vehicles in 2020, thus the revenue collected from toll booths have decreased, results in negatively impacting the automatic tolling system market in the region. 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 in region.      


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Market Overview and Dynamics

The automatic tolling system market in MEA is expected to grow from US$ 829.53 million in 2021 to US$ 1,069.93 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028. In terms of value, the automatic tolling system market in the Rest of MEA was valued at US$ 72.2 million in 2020 and is projected to reach US$ 86.7 million by 2028; it is expected to grow at a CAGR of 2.6% during the forecast period. The Rest of MEA comprises countries such as Qatar, Iran, Oman, and Egypt, among others. The road and highway constructions across several countries are one factor for the growth of the automatic tolling system in the region. For instance, Oman's Ministry of Transport and Communications is looking to introduce toll collection systems on certain carriageways to attract private investment in the development of an intelligent road system in the Sultanate. The move is broadly in line with the Omani government's strategic goal to strengthen road communications, thereby enhancing the Sultanate's global rankings as a logistics-friendly destination. In addition, enabling toll collection is key to attracting private investment in the road construction sector under the Public-Private-Partnership (PPP) model. Additionally, in February 2019, human-staffed toll booths were replaced with cashless electronic toll system at four major freeways in Iran. The government of the country has taken this step to install automatic tolling system at Tehran-Qom, Tehran-Saveh, Qazvin-Rasht, and Qazvin-Zanjan highways. Therefore, the introduction of toll collection system will lead to the growth of the automatic tolling system market.      

Key Market Segments

The MEA automatic tolling system market is segmented into offering and type. Based on offering, the MEA 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 MEA 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; EFKON GmbH; Feig Electronic; IBI Group; Indra Sistemas, S.A.; Raytheon Technologies Corporation; Siemens Mobility; STMicroelectronics N.V.; Tecsidel, S.A.; Thales Group; and TransCore, LP.        

Reasons to buy report

  • To understand the MEA 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 MEA automatic tolling system market.
  • Efficiently plan M&A and partnership deals in MEA 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 MEA automatic tolling system market.
  • Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA Automatic Tolling System Market Segmentation

MEA Automatic Tolling System Market - By Offering

  • Hardware
  • Services

MEA 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

MEA Automatic Tolling System Market - By Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

MEA Automatic Tolling System Market - Company Profiles

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

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           MEA Automatic Tolling System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Various gains regarding economy and safety in the long run

5.2         Market Restraints

5.2.1        Substantial capital expenditures and operating expenses

5.3         Market Opportunities

5.3.1        Developing nations witnessing surge in demand for effective toll management systems

5.4         Future Trends

5.4.1        Development of new technologies to create increasingly efficient tolling systems

5.5         Impact Analysis of Drivers and Restraints

6.           Automatic Tolling System Market – MEA Analysis

6.1         MEA Automatic Tolling System Market Overview

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

7.           MEA Automatic Tolling System Market Analysis – By Offering

7.1         Overview

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

8.1         Overview

8.2         MEA 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.           MEA Automatic Tolling System Market – Country Analysis

9.1         Overview

9.1.1        MEA: Automatic Tolling System Market, by Key Country

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

9.1.1.1.1          South Africa: Automatic Tolling System Market, by Offering

9.1.1.1.2          South Africa: Automatic Tolling System Market, by Type

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

9.1.1.2.1          Saudi Arabia: Automatic Tolling System Market, by Offering

9.1.1.2.2          Saudi Arabia: Automatic Tolling System Market, by Type

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

9.1.1.3.1          UAE: Automatic Tolling System Market, by Offering

9.1.1.3.2          UAE: Automatic Tolling System Market, by Type

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

9.1.1.4.1          Rest of MEA: Automatic Tolling System Market, by Offering

9.1.1.4.2          Rest of MEA: Automatic Tolling System Market, by Type

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

10.1      MEA: 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      Feig Electronic

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      Siemens Mobility

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      IBI Group

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      Tecsidel, S.A.

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   TransCore, LP

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   EFKON GmbH

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

13.        Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

Table 10.          List of Abbreviation

LIST OF FIGURES

Figure 1.           MEA Automatic Tolling System Market Segmentation

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

Figure 3.           MEA Automatic Tolling System Market Overview

Figure 4.           Hardware Segment held the largest share in 2020

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

Figure 6.           Europe held the largest share in 2020

Figure 7.           MEA: PEST Analysis

Figure 8.           MEA Automatic Tolling System Market – Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        Impact Analysis of Drivers and Restraints

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 25.        Impact of COVID-19 Pandemic in MEA Country Markets

 

  1. Conduent Business Services, LLC
  2. EFKON GmbH
  3. Feig Electronic
  4. IBI Group
  5. Indra Sistemas, S.A.
  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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