The global Electronic Toll Collerction (ECT) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Electronic Toll Collerction (ECT) market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Electronic Toll Collerction (ECT) market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Electronic Toll Collerction (ECT) market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
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.
Electronic Toll Collerction Market aims to provide a comprehensive presentation of the global market for Electronic Toll Collerction (ECT), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Electronic Toll Collerction (ECT). Electronic Toll Collerction Market contains market size and forecasts of Electronic Toll Collerction (ECT) in global, including the following market information:
- Global Electronic Toll Collerction (ECT) Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global top five companies in 2022 (%)
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.
We surveyed the Electronic Toll Collerction (ECT) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Electronic Toll Collerction (ECT) Market, by Technology, 2018-2023, 2024-2030 ($ millions)
Global Electronic Toll Collerction (ECT) Market Segment Percentages, by Technology, 2022 (%)
- Automatic Vehicle Identification (AVI)
- Automatic Vehicle Classification (AVC)
- Dedicated Short Communication
- Video Enforcement System
- Others
Global Electronic Toll Collerction (ECT) Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Electronic Toll Collerction (ECT) Market Segment Percentages, by Application, 2022 (%)
Global Electronic Toll Collerction (ECT) Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Electronic Toll Collerction (ECT) Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Electronic Toll Collerction (ECT) revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Electronic Toll Collerction (ECT) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- 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)
Outline of Major Chapters:
Chapter 1: Introduces the definition of Electronic Toll Collerction (ECT), market overview.
Chapter 2: Global Electronic Toll Collerction (ECT) market size in revenue.
Chapter 3: Detailed analysis of Electronic Toll Collerction (ECT) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by technology, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Electronic Toll Collerction (ECT) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
Industry Market Size
