Global Electronic Toll Collerction(ECT) Market Size, Status and Forecast 2019-2025

A toll road, is a private or public roadway for which a fee is charged to pass. Frequently, these toll booths cause traffic delays during rush hours due to toll collection process. This factor has given birth to electronic toll collection system, which swiftly eliminates manual operations by toll payers and receivers. Electronic toll collection uses sophisticated cameras and sensors to capture an image of vehicle’s registration plate and assigns the correct toll. The global electronic toll collection market is expected to steer towards a strong double-digit growth rate in the coming years.
It has been estimated that back office and integration, and violation enforcement system (VES) would hold a large share of the electronic toll collection market during the forecast period. However, the electronic toll collection market for automatic vehicle identification (AVI) is expected to grow at the highest rate between 2018 and 2025.
In 2018, the global Electronic Toll Collerction(ECT) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Electronic Toll Collerction(ECT) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electronic Toll Collerction(ECT) development in United States, Europe and China.

The key players covered in this study
3M (US)
Conduent Business Services
Q-Free (Norway)
Cubic Transportation Systems (US)
Siemens (Germany)
Thales (France)
Transurban (Australia)
International Road Dynamics (Canada)
Raytheon (US)
The Revenue Markets (US)
Schneider Electric (France)
Toll Collect (Germany)
Perceptics (US)
TransCore (US)
Far Eastern Electronic Toll Collection (Taiwan)

Market segment by Type, the product can be split into
Automatic Vehicle Identification (AVI)
Automatic Vehicle Classification (AVC)
Back Office and Integration, and Violation Enforcement System (VES)

Market segment by Application, split into
Highway
Urban

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Electronic Toll Collerction(ECT) status, future forecast, growth opportunity, key market and key players.
To present the Electronic Toll Collerction(ECT) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Electronic Toll Collerction(ECT) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.