Asia-Pacific Tolling and City Congestion Market Size 2024-2028
The Asia-Pacific (APAC) - Tolling and City Congestion Market size is forecast to increase by USD 3.57 billion, at a CAGR of 16.07% between 2023 and 2028. Electronic tolling systems offer significant benefits for both users and operators. For motorists, the convenience of contactless payments and faster travel through toll plazas is a major advantage. The increasing number of vehicles on the road necessitates efficient traffic management solutions, making electronic tolling an essential component of modern transportation infrastructure. Moreover, electronic tolling systems enable real-time data collection and analysis, providing valuable insights for transportation authorities to optimize traffic flow and improve overall road network efficiency. The rise in demand for seamless and hassle-free travel experiences further underscores the importance of electronic tolling systems in today's fast-paced world.
What will be the size of the Market During the Forecast Period?
APAC Tolling and City Congestion Market Forecast 2024-2028
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Market Dynamic
The evolution of tolling systems has seen significant advancements with the introduction of electronic toll collection methods such as radio-frequency identification (RFID), global navigation satellite system (GNSS), and global positioning system (GPS). These technologies enable seamless transactions on toll bridges, toll roads, and toll tunnels by automatically deducting fees without requiring vehicles to stop. Countries like Guatemala face challenges such as raw material shortages and shipping delays impacting infrastructure projects, including toll road operations. Innovations in video analytics and infrared technology enhance traffic monitoring and toll enforcement, ensuring efficient toll collection and traffic management. Electronic Toll Collection (ETC) systems deployed by toll road operators improve user convenience and road network efficiency. Dedicated short-range communication (DSRC) further enhances the reliability of tolling infrastructure, providing real-time data for transportation planning and revenue management.
Driver - Convenience of electronic tolling for users and operators
Electronic tolling makes toll and parking payments convenient and swift for drivers. Automated collection of payments with minimal physical interactions could also be made possible by operators, thereby improving operational efficiency. In APAC, the adoption of RFID-based electronic tolling is rapidly growing, owing to the low cost of RFID technology.
Moreover, electronic tolling is also used for vehicle identification, eliminating the inconvenience of carrying physical copies of vehicle papers. Electronic tolling systems for new vehicles in these countries will also be needed, with the aim of improving road infrastructure. Therefore, the rising convenience of electronic tolling for users and operators will drive the growth of the APAC - Tolling and City Congestion Market during the forecast period.
Trends - Increasing investment in smart cities by governments
Initiatives to make cities more efficient, sustainable, and livable frequently involve the use of advanced technology. A major component of smart city initiatives is the use of intelligent traffic management technologies that monitor, control, and manage traffic flow, alleviate congestion, and improve safety. A variety of urban challenges, including traffic congestion, air pollution, and energy efficiency, are being addressed by governments in numerous nations through the implementation of smart city initiatives.
Moreover, the increasing government investment in smart city initiatives is hastening the adoption of intelligent traffic management technologies in cities all over the world. This contributes to improving traffic flow, reducing congestion, and increasing security in cities. Therefore, the Asia Pacific - Tolling and City Congestion Market is anticipated to be positively impacted by governments' increasing investments in smart cities during the forecasted period.
Challenge - Lack of proper transportation infrastructure
A lack of adequate transportation infrastructure will negatively impact intelligent traffic management. If a transport system does not have sufficient roads, bridges, tunnels, and other vital elements, it will be very difficult to guarantee an efficient flow of traffic. It will be difficult to control traffic signals, lane usage, and other aspects of traffic management without a sufficient transportation infrastructure.
Additionally, it will be more difficult to maintain clear roads and minimal congestion if transportation infrastructure is lacking. Consequently, productivity will be severely affected and emergency services may require more time to reach the scene. Along with lowering emissions and enhancing safety, these investments will contribute to a smoother traffic flow, which could be a potential challenge for the Asia-Pacific (APAC) - Tolling and City Congestion Market during the forecast period.
Market Segmentation
By Product
The UTM segment will account for a major share of the market's growth during the forecast period. UTM systems are designed in a way that allows different applications used within modern traffic management systems to share and communicate information with each other. The major objective of UTM systems is to increase road network potential to create a more vigorous and smart system that may be used in order to meet the management's specific needs going forward.
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The UTM segment was valued at USD 996.10 billion in 2018. Several traffic management systems have been developed for urban traffic control. Some of the more common methods are shown in the display box below. Among them, computerized traffic signal control, also known as Urban Traffic Control (UTC), has become the norm for large towns and cities. The advantages of using a computer for the coordination of traffic controls to balance needs and flow are clear in dense urban networks.
By Application
Highways play a critical part in making our lives simpler. They are necessary for traveling from one point to another swiftly and effectively. However, high-speed traffic poses certain difficulties. Safety is critical on highways designed for high-speed traffic. The more information drivers have on current traffic conditions, the safer they will be driving during this period of time. On roads, vehicles travel at fast speeds; electronic toll-collecting systems enable vehicle owners to conduct a quick digital transaction without stopping at toll booths. By facilitating the collection of tolls more quickly and effectively, this method has ushered in a new era. The highways segment holds the largest market share of the APAC - Tolling and City Congestion Market in 2022 and is expected to dominate the market during the forecast period, owing to an increase in infrastructural development and improvement in traffic management policies at toll booths on highways.
Who are the Major Market Companies?
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Conduent Inc.- The company offers tolling and city congestion solutions such as SureView detection system and automated license plate recognition.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Cubic Corp., EFKON GmbH, General Electric Co., Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., Raytheon Technologies Corp., Siemens AG, Singapore Technologies Engineering Ltd., Thales Group, Toshiba Corp., and Transurban Ltd.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Segment Overview
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2023 for the following segments.
- Product Outlook
- UTM
- Electronic tolling
- ATMS
- Application Outlook
- Highways
- Urban areas
You may also interested in below market reports:
1. Electronic Toll Collection Market by Application, Technology, and Geography - Forecast and Analysis
2. Automated Barriers and Bollards Market Analysis Europe, North America, APAC, Middle East and Africa, South America - US, Italy, UK, Germany, China - Size and Forecast
3. In-Car Wi-Fi Market Analysis Europe, APAC, North America, Middle East and Africa, South America - US, China, Japan, Germany, France - Size and Forecast
Market Analyst Overview
The tolling system landscape is evolving rapidly with advancements in intelligent transportation systems (ITS) that integrate parking management & guidance, passenger information, and advanced traffic management solutions. Cities like Los Angeles, Moscow, Dhaka, New Delhi, Mumbai, and Amsterdam are leveraging Internet of Things (IoT) technologies to optimize urban traffic management through systems like TrafficLink SCM in North Holland and the UK. RFID (Radio Frequency Identification) and DSRC (Dedicated Short Range Communication) enable automated vehicle identification (AVI) and automated vehicle classification (AVC), streamlining transaction management and violation enforcement. These technologies operate on distance-based, point-based, time-based, and perimeter-based models, supporting both highway and urban mobility needs. Despite challenges like raw material shortages impacting software, hardware, and service availability, ITS solutions continue to enhance transportation efficiency and urban mobility worldwide, benefiting countries such as the Philippines, Pakistan, and Australia.
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Industry Scope |
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Report Coverage |
Details |
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Page number |
147 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.07% |
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Market growth 2024-2028 |
USD 3.57 Billion |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
15.71 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Conduent Inc., Cubic Corp., EFKON GmbH, General Electric Co., Kapsch TrafficCom AG, Mitsubishi Heavy Industries Ltd., RTX Corp., Siemens AG, Singapore Technologies Engineering Ltd., Thales Group, Toshiba Corp., and Transurban Ltd. |
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Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Forecast Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
- Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
- Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies
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