Press release
Seamless Roads: The Future of Electronic Toll Collection Market
Electronic Toll Collection Market
โ๏ธ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/780
Electronic toll collection (ETC) system is a high-end technology, which facilitates collection of fees at highways. It automatically charges vehicles without requiring them to stop at the tolls. In addition, it aids in efficiently managing the traffic in highly congested areas, and facilitates the toll collection process by using the latest technological solutions such as GPS & GNSS toll collection and tracking solutions.
Based on subsystem, the radio-frequency identification (RFID) segment dominated the market in 2017, owing to its high adoption rate globally.
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Asia-Pacific is expected to be a dominant player in the global electronic toll collection market, due to increase in demand for vehicles among citizens and rise in use of IoT in the automobile segment. Moreover, technological advancements in the automotive industry and government initiatives such as investment in R&D in electronic toll collection propel the growth of the market. For instance, on October 30, 2017, BMW Japan Corp. began installing DSRC ETC units as standard on all models sold in the country, including motorbikes. Japan witnesses highest penetration of ETC devices across the world, with almost 60 million active units. Unlike other DSRC domains in Europe, Asia, or South America, all units are embedded into the dashboard and come with a separate receiver to ensure line of sight with the gantry.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐จ๐ฅ๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ:
โคIn 2017, the RFID segment generated the highest revenue in the global electronic toll collection market.
โคIn 2017, automated vehicle classification generated the highest revenue among the other subsystem types.
โคBased on application, highways dominated the market worldwide in 2017.
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