RFID is an automated data-capture technology that can be used to electronically identify, track, and store information contained on a tag. A radio frequency reader scans the tag for data and sends the information to a database, which stores the data contained on the tag.The main technology components of an RFID system are the tag, reader, and database.
This system can be installed without tearing up the road, also this system can collect the data from the passing vehicles, identify the license plate and vehicle model and RFID electronic tag, retrieve the related registration informatiom from database, match registration information with the data ETC system collected, prevent switching license plates, collect the tolls automatically without having vehicles to slow down to pay.
This report provides a complete quantitative data and qualitative analysis on the global market for RFID Electronic Toll Collection System. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
Prior to COVID-19, the global market for RFID Electronic Toll Collection System was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for RFID Electronic Toll Collection System is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
This report covers market size and forecasts of RFID Electronic Toll Collection System, including the following market information:
Global RFID Electronic Toll Collection System Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global RFID Electronic Toll Collection System Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global RFID Electronic Toll Collection System Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million)
Global RFID Electronic Toll Collection System Market Size by Company, 2019- 2020 (quarterly data), (US$ Million)
Key market players
Major competitors identified in this market include Honeywell, Kapsch Trafficcom AG, TransCore, Siemens, Vaaan Infra, Neology, Inc., ID Tech Solutions Private Limited, TagMaster, Metro Infrasys Pvt. Ltd., etc.
Based on the Region:
Asia-Pacific (China, Japan, South Korea, India and ASEAN)
North America (US and Canada)
Europe (Germany, France, UK and Italy)
Rest of World (Latin America, Middle East & Africa)
Based on the Type:
Hardware
Software
Service
Based on the Application:
Urban Areas And Roadways
Highways
Summary:
Get latest Market Research Reports on RFID Electronic Toll Collection System. Industry analysis & Market Report on RFID Electronic Toll Collection System is a syndicated market report, published as Covid-19 Impact on RFID Electronic Toll Collection System Market, Global Research Reports 2020-2021. It is complete Research Study and Industry Analysis of RFID Electronic Toll Collection System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.