“The US Tolling Market (2019-2023 Edition)” research study is segmented on the basis of applications, technology, geography and types. The report provides a detailed The US Tolling Industry Overview along with the analysis of industry’s gross margin, cost structure, consumption value, and sale price. The leading companies of the The US Tolling Market, manufacturers, and distributors are profiled in the report along with the latest Industry development current and future trends.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Verra Mobility Corporation
KAPSCH (KAPSCH TrafficCom)
Roper Technologies, Inc. (TransCore)
Sociedad Ibrica de Construcciones Elctricas (Sice Inc.)
Tolling is normally defined as a mode of expenditure or charge which is extracted by the state, the local authorities, etc., for some right or privilege, as for track along a road or over a bridge. Thus in layman terms, tolling is the process of collecting money from each and every passenger passing the toll roads. A toll road is a chargeable public/private road, along with bridges and tunnels. Different amount is charged for different passing vehicle such as generally motorbikes are charged with least amount while trucks and busses are charged with maximum amount. At present, toll road are mostly controlled-access highway.
There are usually two tolling elements: charging methods and collecting methods. Charging methods includes three types: Time Based Charges and Access Fees, Motorway and other Infrastructure Tolling and Distance or Area Charging. Whereas, collection method is classified into three categories namely, open toll system, closed toll system and open road/electronic toll system.
Electronic toll collection system is the most used format by the US toll roads. In this, the electronic toll system first conclude whether the passing vehicle is registered or not, then automatically charge the passing vehicles via a transponder attached in the vehicle. The signals emitted from transponder is collected by the antenna and then the vehicle information is passed to the main server. The main resolution of ETC method is that it facilitate the vehicles to pass through a toll road facility, avoiding certain actions such as stopping by the driver.
Electronic toll collection system is composed of three major components. First RFID (RFID tag, or transponder, consists of a chip and an antenna), second is reader and third is in-lane computer. RFID tag emits the information/identification data through antenna to the reader. Reader transmits the data to central database and facilitate with full information of the owner. Lastly, in-lane computer generates the appropriate toll charge of the vehicle and slip the information in the customers prepaid account.
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This report on Global The US Tolling market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for The US Tolling. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of The US Tolling Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of The US Tolling Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
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