GCC Electronic Toll Collection Market Overview:
The GCC electronic toll collection market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Electronic toll collection (ETC) is a system used for collecting toll charges without human intervention. It utilizes various technologies, such as automation, video analytics, dedicated short-range communication (DSRC), global positioning system (GPS), global navigation satellite system (GNSS), and radio frequency identification (RFID) to track vehicles and collect tolls. ETC is widely used to perform electronic monetary transactions between vehicles and the toll collection agency on highways, bridges, roads, and urban areas. It reduces operating costs, lowers the risk of revenue leakage, saves time, and improves the efficiency and speed of traffic flow.
The rising investment in infrastructural development activities to promote travel and tourism is one of the primary factors driving the market growth in the GCC region. In line with this, the implementation of various government initiatives on developing smart cities and constructing new ports, highways, and expressways is facilitating the market growth. Additionally, the boosting sales of automobiles have led to an increase in traffic congestion which, in turn, is catalyzing the demand for ETC for seamless traffic operation, smooth freight transportation, and enhanced connectivity. Furthermore, widespread product utilization to identify traffic violations, enable transparent toll collection, and reduce the incidences of unpaid tolls is providing a considerable boost to the market growth. Apart from this, the rapid proliferation of smartphones that provides a user-friendly interface, enabling drivers to pay tolls through online applications, record incurred tolls, and check road prices, are positively influencing the market growth. Moreover, the integration of recent technologies, such as thermal cameras, optical character recognition (OCR), and artificial intelligence (AI)-based software to provide automated car recognition, pay-by-plate solution, and charge traveling vehicles is providing an impetus to the market growth. Other factors, including rising product adoption by toll providers to apply accurate pricing strategy decisions and increasing consumer awareness regarding various product benefits, such as centralized user accounts and flexible payment solutions, are anticipated to drive the market growth.
Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC electronic toll collection market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC electronic toll collection market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC electronic toll collection market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the GCC electronic toll collection market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC electronic toll collection market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC electronic toll collection market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC electronic toll collection market industry. Furthermore, the value chain analysis of the GCC electronic toll collection market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
GCC Electronic Toll Collection Market Segment Insights:
The GCC electronic toll collection market has been analysed as followed:
By Technology:
By System:
By Subsystem:
By Offering:
By Toll Charging
By Application
By Country:
Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.
Competative Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Highlights of the GCC Electronic Toll Collection Market Report:
Report Customisation:
The GCC electronic toll collection market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 GCC Electronic Toll Collection Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 RFID
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 DSRC
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by System
7.1 Transponder - or Tag-Based Toll Collection Systems
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Other Toll Collection Systems
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Subsystem
8.1 Automated Vehicle Identification
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automated Vehicle Classification
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Violation Enforcement System
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Transaction Processing
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Offering
9.1 Hardware
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Back Office and Other Services
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Toll Charging
10.1 Distance Based
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Point Based
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Time Based
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Perimeter Based
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Application
11.1 Highways
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Urban Areas
11.2.1 Market Trends
11.2.2 Market Forecast
12 Market Breakup by Country
12.1 Saudi Arabia
12.1.1 Market Trends
12.1.2 Market Breakup by Technology
12.1.3 Market Breakup by System
12.1.4 Market Breakup by Subsystem
12.1.5 Market Breakup by Offering
12.1.6 Market Breakup by Toll Charging
12.1.7 Market Breakup by Application
12.1.8 Market Forecast
12.2 UAE
12.2.1 Market Trends
12.2.2 Market Breakup by Technology
12.2.3 Market Breakup by System
12.2.4 Market Breakup by Subsystem
12.2.5 Market Breakup by Offering
12.2.6 Market Breakup by Toll Charging
12.2.7 Market Breakup by Application
12.2.8 Market Forecast
12.3 Qatar
12.3.1 Market Trends
12.3.2 Market Breakup by Technology
12.3.3 Market Breakup by System
12.3.4 Market Breakup by Subsystem
12.3.5 Market Breakup by Offering
12.3.6 Market Breakup by Toll Charging
12.3.7 Market Breakup by Application
12.3.8 Market Forecast
12.4 Oman
12.4.1 Market Trends
12.4.2 Market Breakup by Technology
12.4.3 Market Breakup by System
12.4.4 Market Breakup by Subsystem
12.4.5 Market Breakup by Offering
12.4.6 Market Breakup by Toll Charging
12.4.7 Market Breakup by Application
12.4.8 Market Forecast
12.5 Kuwait
12.5.1 Market Trends
12.5.2 Market Forecast
12.6 Bahrain
12.6.1 Market Trends
12.6.2 Market Forecast
13 SWOT Analysis
13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats
14 Value Chain Analysis
15 Porters Five Forces Analysis
15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes
16 Price Analysis
17 Policy and Regulatory Landscape
18 Competitive Landscape
18.1 Market Structure
18.2 Key Players
18.3 Profiles of Key Players
List of Figures
Figure 1: GCC: Electronic Toll Collection Market: Major Drivers and Challenges
Figure 2: GCC: Electronic Toll Collection Market: Sales Value (in Million US$), 2017-2022
Figure 3: GCC: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: GCC: Electronic Toll Collection Market: Breakup by Technology (in %), 2022
Figure 5: GCC: Electronic Toll Collection Market: Breakup by System (in %), 2022
Figure 6: GCC: Electronic Toll Collection Market: Breakup by Subsystem (in %), 2022
Figure 7: GCC: Electronic Toll Collection Market: Breakup by Offering (in %), 2022
Figure 8: GCC: Electronic Toll Collection Market: Breakup by Toll Charging (in %), 2022
Figure 9: GCC: Electronic Toll Collection Market: Breakup by Application (in %), 2022
Figure 10: GCC: Electronic Toll Collection Market: Breakup by Country (in %), 2022
Figure 11: GCC: Electronic Toll Collection (RFID) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: GCC: Electronic Toll Collection (RFID) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: GCC: Electronic Toll Collection (DSRC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: GCC: Electronic Toll Collection (DSRC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: GCC: Electronic Toll Collection (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: GCC: Electronic Toll Collection (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: GCC: Electronic Toll Collection (Transponder - or Tag-Based Toll Collection Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: GCC: Electronic Toll Collection (Transponder - or Tag-Based Toll Collection Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: GCC: Electronic Toll Collection (Other Toll Collection Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: GCC: Electronic Toll Collection (Other Toll Collection Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: GCC: Electronic Toll Collection (Automated Vehicle Identification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: GCC: Electronic Toll Collection (Automated Vehicle Identification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: GCC: Electronic Toll Collection (Automated Vehicle Classification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: GCC: Electronic Toll Collection (Automated Vehicle Classification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: GCC: Electronic Toll Collection (Violation Enforcement System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: GCC: Electronic Toll Collection (Violation Enforcement System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: GCC: Electronic Toll Collection (Transaction Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: GCC: Electronic Toll Collection (Transaction Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: GCC: Electronic Toll Collection (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: GCC: Electronic Toll Collection (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: GCC: Electronic Toll Collection (Back Office and Other Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: GCC: Electronic Toll Collection (Back Office and Other Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: GCC: Electronic Toll Collection (Distance Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: GCC: Electronic Toll Collection (Distance Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: GCC: Electronic Toll Collection (Point Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: GCC: Electronic Toll Collection (Point Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: GCC: Electronic Toll Collection (Time Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: GCC: Electronic Toll Collection (Time Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: GCC: Electronic Toll Collection (Perimeter Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: GCC: Electronic Toll Collection (Perimeter Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: GCC: Electronic Toll Collection (Highways) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: GCC: Electronic Toll Collection (Highways) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: GCC: Electronic Toll Collection (Urban Areas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: GCC: Electronic Toll Collection (Urban Areas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Saudi Arabia: Electronic Toll Collection Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Saudi Arabia: Electronic Toll Collection Market: Breakup by Technology (in %), 2022
Figure 47: Saudi Arabia: Electronic Toll Collection Market: Breakup by System (in %), 2022
Figure 48: Saudi Arabia: Electronic Toll Collection Market: Breakup by Subsystem (in %), 2022
Figure 49: Saudi Arabia: Electronic Toll Collection Market: Breakup by Offering (in %), 2022
Figure 50: Saudi Arabia: Electronic Toll Collection Market: Breakup by Toll Charging (in %), 2022
Figure 51: Saudi Arabia: Electronic Toll Collection Market: Breakup by Application (in %), 2022
Figure 52: Saudi Arabia: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: UAE: Electronic Toll Collection Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: UAE: Electronic Toll Collection Market: Breakup by Technology (in %), 2022
Figure 55: UAE: Electronic Toll Collection Market: Breakup by System (in %), 2022
Figure 56: UAE: Electronic Toll Collection Market: Breakup by Subsystem (in %), 2022
Figure 57: UAE: Electronic Toll Collection Market: Breakup by Offering (in %), 2022
Figure 58: UAE: Electronic Toll Collection Market: Breakup by Toll Charging (in %), 2022
Figure 59: UAE: Electronic Toll Collection Market: Breakup by Application (in %), 2022
Figure 60: UAE: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Qatar: Electronic Toll Collection Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Qatar: Electronic Toll Collection Market: Breakup by Technology (in %), 2022
Figure 63: Qatar: Electronic Toll Collection Market: Breakup by System (in %), 2022
Figure 64: Qatar: Electronic Toll Collection Market: Breakup by Subsystem (in %), 2022
Figure 65: Qatar: Electronic Toll Collection Market: Breakup by Offering (in %), 2022
Figure 66: Qatar: Electronic Toll Collection Market: Breakup by Toll Charging (in %), 2022
Figure 67: Qatar: Electronic Toll Collection Market: Breakup by Application (in %), 2022
Figure 68: Qatar: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Oman: Electronic Toll Collection Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Oman: Electronic Toll Collection Market: Breakup by Technology (in %), 2022
Figure 71: Oman: Electronic Toll Collection Market: Breakup by System (in %), 2022
Figure 72: Oman: Electronic Toll Collection Market: Breakup by Subsystem (in %), 2022
Figure 73: Oman: Electronic Toll Collection Market: Breakup by Offering (in %), 2022
Figure 74: Oman: Electronic Toll Collection Market: Breakup by Toll Charging (in %), 2022
Figure 75: Oman: Electronic Toll Collection Market: Breakup by Application (in %), 2022
Figure 76: Oman: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Kuwait: Electronic Toll Collection Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Kuwait: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Bahrain: Electronic Toll Collection Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Bahrain: Electronic Toll Collection Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: GCC: Electronic Toll Collection Industry: SWOT Analysis
Figure 82: GCC: Electronic Toll Collection Industry: Value Chain Analysis
Figure 83: GCC: Electronic Toll Collection Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: GCC: Electronic Toll Collection Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Electronic Toll Collection Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: GCC: Electronic Toll Collection Market Forecast: Breakup by System (in Million US$), 2023-2028
Table 4: GCC: Electronic Toll Collection Market Forecast: Breakup by Subsystem (in Million US$), 2023-2028
Table 5: GCC: Electronic Toll Collection Market Forecast: Breakup by Offering (in Million US$), 2023-2028
Table 6: GCC: Electronic Toll Collection Market Forecast: Breakup by Toll Charging (in Million US$), 2023-2028
Table 7: GCC: Electronic Toll Collection Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 8: GCC: Electronic Toll Collection Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 9: GCC: Electronic Toll Collection Market: Competitive Structure
Table 10: GCC: Electronic Toll Collection Market: Key Players
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