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Electronic Toll Collection System Market Gaining Interest in Developed Countries
The global Electronic Toll Collection system market is gaining a huge interest in developed countries, such as Germany, UK, France, US, and Canada. It is coupled with the countries which are economically developing such as India, and China. ETC companies are upgrading their technologies in the developed countries.
Kapsch TrafficCom AG (a division of Kapsch Group) is one of the providers of ETC (Electronic Toll Collection Systems). The company’s knowledge lays in developing, realizing, and operating electronic road user charging solutions. It also offers a wide spectrum of future-ready ETC to improve traffic flow, enhance public security, increase road safety, and help in protecting environment by managing the access in urban areas, enforcing and monitoring traffic laws, controlling traffic flows, preventing traffic jams, or detecting incidents on open roads and in tunnels. The company also thrives on expansion.
Q-Free is one more leading global suppliers of products and solutions for advanced transportation management and road user charging, which find applications mainly in ETC (Electronic Toll Collection) for congestion charging, road financing, law enforcement, parking/access control, and truck tolling. The company is also a leading supplier within DSRC (tag), GNSS (Global Navigation Satellite System), and ALPR (Automatic License Plate Registration)-based solutions.
Majority of revenue is generated by technologies such as RFID and DSRC. Deployment of RFID is very strong in North America whereas, DSRC is driving the market in the Europe region. Major players are also concentrating on these two technologies. Future drivers for Electronic Toll Collection System market are focused on these regions because of government’s focus to improve the transportation sector as well as high population, which requires less traffic congestion. The strong profiles of major companies such as Kapsch TrafficCom and Q-Free which are active in the field of Electronic Toll Collection system show the growth prospects of ETC system market.
Electronic Toll Collection System Market by Products (AVI, AVC, VES, Back office & Integration), Technology (RFID, DRSC, Video Analytics, & GNSS), Applications (Highway, & Urban), & Geography - Analysis & Forecast to 2013 - 2020
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