South 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)
Market Introduction
SAM includes Brazil and Argentina. The region is significantly looking to adopt automatic tolling systems for smoother toll collection. For instance, Ausol Autopistas del Sol SA, the largest toll concessionaire in Argentina supporting a 120 km roadway network and more than 900,000 vehicles per day, has chosen TransCore’s radio frequency identification (RFID) technology multiprotocol windshield sticker tags and multiprotocol encompass 6 reader technology to upgrade its current system. Similarly, Indra Sistemas has been awarded with a EUR 10.5 million (US$ 11.8 million) contract by Ruta del Cacao Concessionaire to supply all the traffic management technology, intelligent transport systems (ITS), communications, and toll systems for a major new BBY Highway in Colombia, SAM. Therefore, the adoption of advanced technologies in toll collection systems is leading the demand for automatic tolling systems in the region. Further, SAM countries are focusing on several highway projects. With the growing number of highways and roads, there is an increasing need for advanced toll collection systems. For instance, the Inter-American Development Bank and the World Bank were heavily engaged in the highway construction projects such as the construction of the bridge links joining Paraguay & Argentina, Argentina & Uruguay, and Paraguay & Brazil. A road linking Venezuela & Brazil allows north-south movement through the Amazon basin. Brazil continues to have the largest network of roads belonging to the Pan-American Highway system, which extends throughout the Americas. Thus, there is an increasing need for toll collection systems, owing to rise in the highway construction projects, which is boosting the demand for automatic tolling systems.
SAM countries have been witnessing growth in several industries over the past few years. Industries such as automotive, aerospace, and equipment manufacturing have experienced a fair growth rate. The COVID-19 pandemic has affected several sectors including the toll collections activity. Due to non-availability of raw materials the market has been negatively affected, as the automatic tolling system includes various semiconductor components such as cameras, and most of these components are needed to import from other countries, and due to supply chain disruption, the work is at halt, impacted negatively in 2020. In 2021, with the uplifting of lockdowns and vaccination process, the shipment of raw materials has started again, and the development of older toll collection system has started again. Therefore, 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 SAM is expected to grow from US$ 277.32 million in 2021 to US$ 344.34 million by 2028; it is estimated to grow at a CAGR of 3.1% from 2021 to 2028. Due to the nonavailability of raw materials, the market has been negatively affected. The automatic tolling system includes various semiconductor components such as cameras, and most of these components are needed to be imported from other countries. Due to supply chain disruption, the transportation of such components was negatively impacted in 2020. However, in 2021, with the relaxation of lockdown restrictions and beginning of vaccination process, the shipment of raw materials has started again, and the development of toll collection system has started again. Therefore, this will fuel the growth of the automatic tolling system market in the region.
Key Market Segments
The SAM automatic tolling system market is segmented into offering and type. Based on offering, the SAM 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 SAM 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; Indra Sistemas, S.A.; Raytheon Technologies Corporation; Siemens Mobility; STMicroelectronics N.V.; Tecsidel, S.A.; and Thales Group.
Reasons to buy report
- To understand the SAM 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 SAM automatic tolling system market.
- Efficiently plan M&A and partnership deals in SAM 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 SAM automatic tolling system market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
SAM Automatic Tolling System Market Segmentation
SAM Automatic Tolling System Market - By Offering
- Hardware
- Services
SAM 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
SAM Automatic Tolling System Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Automatic Tolling System Market - Company Profiles
- Conduent Business Services, LLC
- Feig Electronic
- Indra Sistemas, S.A.
- Raytheon Technologies Corporation
- Siemens Mobility
- STMicroelectronics N.V.
- Tecsidel, S.A.
- Thales Group
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. SAM Automatic Tolling System Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Automatic Tolling System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Safety and economic benefits in future
5.2 Market Restraints
5.2.1 High CapEx & OpEx costs
5.3 Market Opportunities
5.3.1 Effective toll management systems highly needed in emerging nations
5.4 Future Trends
5.4.1 Coming up of enhanced technologies to provide highly advanced tolling systems
5.5 Impact Analysis of Drivers and Restraints
6. Automatic Tolling System Market – SAM Analysis
6.1 SAM Automatic Tolling System Market Overview
6.2 SAM Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
7. SAM Automatic Tolling System Market Analysis – By Offering
7.1 Overview
7.2 SAM 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. SAM Automatic Tolling System Market Analysis – By Type
8.1 Overview
8.2 SAM 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. SAM Automatic Tolling System Market – Country Analysis
9.1 Overview
9.1.1 SAM: Automatic Tolling System Market, by Key Country
9.1.1.1 Brazil: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Automatic Tolling System Market, by Offering
9.1.1.1.2 Brazil: Automatic Tolling System Market, by Type
9.1.1.2 Argentina: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Automatic Tolling System Market, by Offering
9.1.1.2.2 Argentina: Automatic Tolling System Market, by Type
9.1.1.3 Rest of SAM: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Automatic Tolling System Market, by Offering
9.1.1.3.2 Rest of SAM: Automatic Tolling System Market, by Type
10. SAM Automatic Tolling System Market- COVID-19 Impact Analysis
10.1 SAM: 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 Tecsidel, S.A.
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. SAM Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: Automatic Tolling System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Automatic Tolling System Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina: Automatic Tolling System Market, by Offering –Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Automatic Tolling System Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM: Automatic Tolling System Market, by Offering – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: Automatic Tolling System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Automatic Tolling System Market Segmentation
Figure 2. SAM Automatic Tolling System Market Segmentation – By Country
Figure 3. SAM 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. Brazil held the largest share in 2020
Figure 7. SAM: PEST Analysis
Figure 8. SAM Automatic Tolling System Market – Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. SAM Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. SAM Automatic Tolling System Market Breakdown, By Offering (2020 and 2028)
Figure 13. SAM Hardware: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. SAM Services: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Automatic Tolling System Market Breakdown, By Type (2020 and 2028)
Figure 16. SAM Unmanned Self-Service Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Unmanned Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Unmanned Wireless Automated Toll Booth Collection System: Automatic Tolling System Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM: Automatic Tolling System Market, by Key Country – Revenue (2020) (US$ Million)
Figure 20. SAM: Automatic Tolling System Market Revenue Share, by Key Country (2020 and 2028)
Figure 21. Brazil: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Argentina: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of SAM: Automatic Tolling System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in SAM Country Markets
- Conduent Business Services, LLC
- Feig Electronic
- Indra Sistemas, S.A.
- Raytheon Technologies Corporation
- Siemens Mobility
- STMicroelectronics N.V.
- Tecsidel, S.A.
- Thales Group
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