Results for tag: "Toll Collection"

The Toll Collection market within the Automotive industry is a system of collecting fees for the use of roads, bridges, and tunnels. It is typically used to pay for the construction, maintenance, and operation of these roads and other infrastructure. Toll Collection systems can be either manual or automated, with the latter becoming increasingly popular due to its convenience and efficiency. Automated Toll Collection systems use a variety of technologies, such as RFID tags, barcodes, and cameras, to identify vehicles and collect fees. The Toll Collection market is an important part of the Automotive industry, as it helps to fund the construction and maintenance of roads and other infrastructure. It also helps to reduce traffic congestion and improve safety by providing an efficient way to collect fees. Some companies in the Toll Collection market include Kapsch TrafficCom, TransCore, Siemens Mobility, and Cubic Transportation Systems. Show Less Read more