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South America Automatic Tolling System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering, and Type

South America Automatic Tolling System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering, and Type

  • August 2021
  • 99 pages
  • ID: 6134418
  • Format: PDF
  • The Insight Partners


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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.

The commercialization of global positioning systems (GPS or GNSS) has substantially broadened its scope of applications in various daily activities.For instance, the GPS systems installed onboard vehicles could also be utilized for toll collection purposes, thereby effectively eliminating the need for any tolling infrastructure or system.

Moreover, other benefits such as low cost per transaction, maintainability, accessibility to web-based accounts, and no infrastructure required for the integration of new routes are among the other advantages that are expected to drive the demand for GPS-based toll collection systems.In addition to the use of GPS technology, countries such as India are witnessing a huge adoption of automatic tolling systems.

Also, safety and economic benefits in the future are driving the SAM automatic tolling system market.

Based on offering, the services segment is expected to be the fastest growing segment during the forecast period for the SAM region.Automatic tolling systems include operations services such as customer service, traffic & toll revenue management, maintenance & lifecycle, and management & standard operating procedures (SOPs).

Further, the customer services include customer administration, support & account setup, management of customer queries, complaints & incidents, dispute management, website management, toll service provider, public relations, and stakeholder management.Similarly, the traffic & toll revenue management services include traffic measurement & reporting, toll collection, revenue reconciliation, bank lodgment on behalf of the client, audit, compliance & reporting, and traffic management and enforcement.

Moreover, application programs, software upgrades, analytic reports & insights, and lane software or toll station software are among other services, which hold a significant position in the automatic tolling system market.For instance, TransCore is currently operating eight customer service centers.

The company’s operations teams are responsible for managing 3.7 million active accounts, which represents over US$ 2 billion in toll revenues. TransCore toll operations are well-known for providing superior financial accounting, customer relationship management, interoperability, and mobility services. Apart from TransCore, EFKON GmbH and STMicroelectronics are also providing various services for automatic tolling systems. Therefore, owing to the multiple services offered by these systems, the demand for automatic tolling systems is increasing.

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.The automatic tolling systems consist of various semiconductor components such as cameras, and most of these components are imported from other countries.

Owing to supply chain disruption, the work was at a halt, which negatively impacted the market in 2020.In 2021, with the release of lockdown restrictions and the beginning of the vaccination process, the shipment of raw materials has started again, and the development of older toll collection systems has resumed.

This will lead to the growth of the automatic tolling system market in the region.
The overall SAM automatic tolling system market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the SAM automatic tolling system market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.

The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the SAM automatic tolling system market. Conduent Business Services, LLC; Feig Electronic; Indra Sistemas, S.A.; Raytheon Technologies Corporation; Siemens Mobility; STMicroelectronics N.V.; Tecsidel, S.A.; and Thales Group are among the key players operating in the SAM automatic tolling system market.

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