Automotive Pay As You Go Road Charging Market by Type (Electronic Toll Collection and All Electronic Toll Collection), by System Type (Automated Vehicle Identification and Automated Vehicle Classification), by Technology (Radio Frequency Identificati

"Market Definition:
The Global Automotive Pay As You Go (PAYG) Road Charging Market was valued at USD 7.83 billion in 2019 and is estimated to garner USD 15.98 billion by 2030, at a CAGR of 6.7% during the forecast period, from 2020 to 2030.
Automotive Pay As You Go (PAYG) Road Charging is a form of tax levied to the vehicle owners for the sole purpose of infrastructure maintenance. It also depends on vehicle fuel type as there has been a rising inclination towards hybrid & electric vehicles, which has further led to construction of charging points for the vehicles. It is a network of vehicle charging points across the state, country or region.
Market Dynamics and Trends
The growth of the automotive pay as you go (PAYG) road charging market is attributed to improvement and modernization of infrastructure with the incorporation of advanced technologies, increasing demand for hybrid and electric vehicles and fluctuations in fuel prices. Moreover, rise in disposable income, growth in population leading to the high demand for vehicles and increase in environmental concerns are expected to boost the automotive pay as you go (PAYG) road charging market growth.
However, high cost of maintenance and lack of skilled workforce are expected to hamper the market growth. On the other hand, increase in R&D, rise in implementation of government regulations are expected to create opportunities for the market during the forecast period.
Market Segmentations and Scope of the Study:
The global automotive pay as you go (PAYG) road charging market is segmented based on type, infrastructure, system, technology and region. On the basis of type, the market is bifurcated into Electronic Toll Collection (ETC) and All Electronic Toll (AET collection). In terms of system type, the market is classified as Automated Vehicle Identification (AVI) and Automated Vehicle Classification (AVC). On the basis of technology, the market is categorized as Radio Frequency Identification (RFID), Dedicated Short Range Communication (DSRC), video analytics, and Global Positioning System (GPS). Based on infrastructure type, the market is segregated as highway and urban. In terms of region the market is segmented into North America, Europe, Asia Pacific, and Rest of World (RoW).
Geographical Analysis
North America is expected to hold a major share of the global market during the forecast period owing to the increase in adoption of automotive PAYG road charging, developing infrastructure, technological advancements and increasing fuel prices.
The market in Asia Pacific is expected to grow in developing countries owing to the rise in disposable income, growth in environmental concerns, increase in inclination towards hybrid & electric vehicles, and rapid growth of the automotive industry.

Competitive Landscape

Key players in the global Automotive Pay As You Go (PAYG) Road Charging Market include Kapsch, Q Free ASA, Siemens AG., Far Eastern Electronic Toll Collection Co, Toll Collect GmbH., Schneider Electric, International Road Dynamics, G.E.A., Thales Group, and Transcore Holding Inc.
KEY MARKET SEGMENTS:
• Global Automotive Pay As You Go (PAYG) Road Charging Market –

By Type

o Electronic Toll Collection (ETC)
o All Electronic Toll (AET Collection
• Global Automotive Pay As You Go (PAYG) Road Charging Market – By System Type
o Automated Vehicle Identification (AVI)
o Automated Vehicle Classification (AVC)
• Global Automotive Pay As You Go (PAYG) Road Charging Market – By Technology
o Radio Frequency Identification (RFID)
o Dedicated Short Range Communication (DSRC)
o Video Analytics
o Global Positioning System (GPS)
• Global Automotive Pay As You Go (PAYG) Road Charging Market – By Infrastructure Type
o Highway
o Urban
• Global Automotive Pay As You Go (PAYG) Road Charging Market – By Geography
o North America
 U.S.
 Canada
 Mexico
o Europe
 Germany
 UK
 France
 Spain
 Russia
 Rest of Europe
o Asia-Pacific
 Japan
 China
 India
 South Korea
 Rest of Asia-Pacific
o RoW
 Africa
 Middle East
 Latin America
KEY PLAYERS:
• Kapsch
• Q Free ASA
• Siemens AG.
• Far Eastern Electronic Toll Collection Co
• Toll Collect GmbH.
• Schneider Electric
• International Road Dynamics
• G.E.A.
• Thales Group
• Transcore Holding Inc.
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