Advance Market Analytics published a new research publication on ”Global RFID Electronic Toll Collection System Market Insights to 2026,” with 232+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the RFID Electronic Toll Collection System market was mainly driven by the increasing R&D spending across the world.
Some of the key players profiled in the study are:
Zebra Technologies (United States), Alien Technology (United States), Avery Dennison (United States), Tagmaster (Sweden), FEIG Electronic (Germany), Metro Infrasys (India), Celect (India), Infotek software and systems (India), VaaaN Infra (India), Star Systems (India)
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Scope of the Report of RFID Electronic Toll Collection System:
Generally, the toll is collected at toll plazas and public-funded projects by cash collection, smart cards, and other collection methods. In these types of methods; there are certain types of deficiencies like long queues at toll plazas, lack of transparency in collection, unavailability of traffic data for project planning, and also no enforcement is possible in these conventional systems. With an Electronic toll collection (ETC) system, many of these problems are solved. ETC system uses a vehicle to toll plaza communication technologies like Radio Frequency Identification (RFID) to perform monetary transaction to toll plaza and passing vehicle. In India Apex committee set up by GOI finalized passive RFID for use in toll plazas and tag associated with it was called FASTag.
In March 2021, South Delhi Municipal Corporation (SDMC) announced that they will install RFID tags at all 124 entry points in the city. According to SDMC, in the first phase, they had already installed 13 key points and now it aims to install at the remaining 113 points. Mayor of the city said â€œThe system ensures that all commercial vehicles will have to pay the tax and ECC through RFID and the move will promote a cashless systemâ€
The titled segments and sub-section of the market are illuminated below:
by Type (Tags, Readers, Billing Machines), Application (Payment Collection, Vehicle Tracking, Billing, Record Keeping, Others), Components (Hardware, Software, Service), Vehicle (Light Vehicle, Commercial Vehicle, Heavy Commercial Vehicle)
Introduction of RFID Electronic Toll Collection System to Get Latest Toll Rates
Immediate Transaction and Verification on Mobile by RFID RFID Electronic Toll Collection System
Rising Use of RFID RFID Electronic Toll Collection System Due to Mandatory Standards of Government
Increasing Adoption of RFID RFID Electronic Toll Collection System By Developing Nations
Increasing Demand to Increase Time Efficiency of Toll Collection
Growing Demand to Track Vehicles
Lack of Awareness in General Public About RFID RFID Electronic Toll Collection System
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global RFID Electronic Toll Collection System Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the RFID Electronic Toll Collection System market
Chapter 2: Exclusive Summary and the basic information of the RFID Electronic Toll Collection System Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the RFID Electronic Toll Collection System
Chapter 4: Presenting the RFID Electronic Toll Collection System Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the RFID Electronic Toll Collection System market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, RFID Electronic Toll Collection System Market is a valuable source of guidance for individuals and companies.
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