Electronic Toll Collection System Revenues ‘Will Reach $8.5bn by 2018′
Electronic toll collection (ETC) system revenues will nearly double, from $4.48 billion this year to $8.5 billion by 2018, with a compounded annual growth rate of 14 percent, says a report from ABI Research. But being a fragmented industry blocks ETC technology from being widely adopted, it concludes.
Electronic Toll Collection: A Key Business Driver for ITS and V2I says ETC is finding new momentum as a way to manage traffic and address urban congestion issues. The report covers the types of ETC (highway, urban and area tolling), the ETC technologies — radio frequency identification (RFID), dedicated short-range communications (DRSC), video, global navigation satellite system (GNSS) and cellular, case studies and benefits — as well as the ETC ecosystem. The report also examines the ETC revenue forecast per region (pictured), types of toll collection and technology.
The toll revenues will help governments and road operators invest in building out an intelligent transportation network through the deployment of vehicle-to-vehicle technology. However, ABI says that the ETC industry remains characterized by a large degree of fragmentation and closed approaches that block it from being widely adopted and having interoperability.
Within the ETC technology industry, it says two main battles are taking place — the first being DRSC versus RFID. At toll gates in North America, RFID is well established while in Europe DRSC is the standard technology. Asia is deploying a mix of both.
The second battle is between short-range (RFID/DSRC) technology versus wide area (GNSS + cellular). However, it predicts that future growth of area and city tolling will favor wide-area technologies.
The primary tool used to enforce toll collection is video analytics, in the form of camera-based automatic license plate recognition.
Earlier this week, a report from the International Energy Agency highlighted how policies that improve the energy efficiency of urban transportation systems could help save as much as $70 trillion in spending on vehicles, fuel and transportation infrastructure between now and 2050. The report draws on examples from more than 30 cities across the globe to show how to improve transportation efficiency through better urban planning and travel demand management. Extra benefits include lower greenhouse-gas emissions and higher quality of life.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- Direct Current Powers Building
- Honeywell Acquires Elster for $5.1B
- Business Services Firm Adds Energy Management to its Offerings
- Researchers Find a Way to Capture, Use Lost Solar Energy
- Ideal Power, KACO Converge Energy Storage, Solar
- Constellation Deploys Solar for Baltimore Ravens
- Franklin Energy Wins Contract for Wisconsin Load Limiting Program
- 80% of Businesses Choose Competitive Electricity Retailers in Deregulated Areas