Showing posts with label Electronic Toll Collection System Market. Show all posts
Showing posts with label Electronic Toll Collection System Market. Show all posts

Friday, 3 June 2016

Electronic Toll Collection System Market - Global Forecast to 2020



ETC technology enables collection of tolls on roadways using electronic equipment. This technology plays a vital role in allowing capital investment savings, fraud elimination, faster journey time and lesser congestion. 

ETC systems are therefore widely installed on various highways, bridges as well as tunnels across various countries of the world. ETC systems prove to be a technically & financially feasible substitute to traditional toll systems. 
Electronic Toll Collection System Market
An ETC system records financial details related to the maintenance of highways and urban construction projects along with their ongoing maintenance operations. Since an ETC system provides an improved patron experience in form of mobility, safety, and convenience, it has been considered as a necessity and is being adopted by most of the governments and transport departments across the globe. 
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One of the fastest growing ETC types is Open Road Tolling (ORT) which is also termed as All Electronic Tolling (AET). This method plays a major role in replacing cash collections and improving accountability, and thereby speeds up the toll collection. AET is the collection of tolls on road networks without using toll booths. It enables vehicle drivers to simply drive through the toll plaza at high speeds and the toll charges are deducted electronically. 

This method therefore aids in reducing the congestion at toll plazas thereby increasing the vehicle movement per hour/ per lane. AET discards the necessity for a vehicle to repeatedly stop at toll road exits and entrances, which ultimately reduces the traffic jam around the toll gates and saves time and fuel of the travellers. An AET system can be operated using two methods such as through Automatic Number Plate Recognition (ANPR) and through transponders. 

The transponder method has been dominating the overall AET market. Transponders are receiver-transmitter devices which produce a response signal upon electronic interrogation. Presently, most Automatic Vehicle Identification (AVI) systems depend on radio-frequency identification in which the antenna at the toll gate connects with the transponder on the vehicle via the Dedicated Short-Range Communication (DSRC) technology.