Results for tag: "Electronic Toll Collection"

The Electronic Toll Collection (ETC) market within the automotive industry is a system of automated payment for tolls. It is designed to reduce traffic congestion and improve the efficiency of toll collection. ETC systems use a variety of technologies, such as radio-frequency identification (RFID) tags, transponders, and cameras, to identify vehicles and collect tolls. The system is typically integrated with a vehicle's onboard computer, allowing for automatic payment of tolls. ETC systems are becoming increasingly popular in the automotive industry, as they provide a convenient and cost-effective way to pay for tolls. They also reduce the need for manual toll collection, which can be time-consuming and costly. Additionally, ETC systems can help reduce traffic congestion, as they allow vehicles to pass through toll plazas quickly and without stopping. Some of the companies in the ETC market include Kapsch TrafficCom, TransCore, Siemens Mobility, and Thales Group. Show Less Read more