Market Activities

Global Electronic Toll Collect solution market to witness $8.5 billion revenue by 2018

ABI Research
ABI Research

UK: A report from ABI research forecasts that global ETC systems revenues are expected to grow from $4.48 billion in 2013 to $8.5 billion in 2018, with a CAGR of 14% and North America as the vital region.

VP and practice director Dominique Bonte, said: “Electronic Toll Collection (ETC) is finding new momentum as a way to manage traffic via dynamic toll pricing and address urban congestion issues. At the same time toll revenues will help governments and road operators deploying intelligent transportation systems including through V2X infrastructure. However, ETC remains characterized by a large degree of fragmentation and closed approaches hindering interoperability and widespread adoption.”

According to the report, two main ETC technology battles are taking place:

• DSRC versus RFID – At toll gates RFID is well established in the North America, while in Europe DSRC is the standard technology, with Asia showing a mixed situation.
• Short-range (RFID/DSRC) versus wide area (GNSS + Cellular) – Future growth of area and city tolling will favor wide area technologies.

Additionally, video analytics in the form of camera-based Automatic Licensing Plate Recognition (ALPR) remains a key enforcement and revenue collection technology.

The participants of ETC ecosystem offer a wide range of solutions such as tags and transponders; software services and system integration; and toll system operations including maintenance, payment handling, and revenue assurance.

 
Source: http://www.abiresearch.com/press/global-electronic-toll-collect-solution-revenues-t

 

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