RFID Electronic Toll Collection System Market

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.
RFID Electronic Toll Collection System Market contains market size and forecasts of RFID Electronic Toll Collection System in Global, including the following market information:
Global RFID Electronic Toll Collection System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global RFID Electronic Toll Collection System market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hardware Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of RFID Electronic Toll Collection System include Honeywell, Kapsch Trafficcom AG, TransCore, Siemens, Vaaan Infra, Neology, Inc., ID Tech Solutions Private Limited, TagMaster and Metro Infrasys Pvt. Ltd.. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the RFID Electronic Toll Collection System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global RFID Electronic Toll Collection System Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global RFID Electronic Toll Collection System Market Segment Percentages, by Type, 2021 (%)
Hardware
Software
Service
Global RFID Electronic Toll Collection System Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global RFID Electronic Toll Collection System Market Segment Percentages, by Application, 2021 (%)
Urban Areas And Roadways
Highways
Global RFID Electronic Toll Collection System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global RFID Electronic Toll Collection System Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies RFID Electronic Toll Collection System revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies RFID Electronic Toll Collection System revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Honeywell
Kapsch Trafficcom AG
TransCore
Siemens
Vaaan Infra
Neology, Inc.
ID Tech Solutions Private Limited
TagMaster
Metro Infrasys Pvt. Ltd.