TOLL COLLECTION CAMERA MARKET

INTRODUCTION

The idea of replacing the traditional toll booths with a camera-assisted toll collection system that can read licence plates on the moving vehicles has been discussed by the national government. The Automatic Number Plate Reader (ANPR) cameras will be the name of these devices.

A vehicle equipped with a valid encoded data tag or transponder is automatically recognized by the Electronic Toll Collection (ETC) system as it passes through a toll lane or checkpoint. Without the customer needing to stop and pay the toll, the ETC system subsequently records a debit or charge to the customer's account.

Road construction and maintenance are funded by toll taxes. Therefore, by levying the toll fee, it pays for newly constructed toll roads. The toll road's upkeep is also charged for. The road tax that the RTO typically levies on car owners is not toll tax.

Existing toll road systems include open (with mainline barrier toll plazas), closed (with entry/exit tolls), and all-electronic toll collection (no toll booths, only electronic toll collection gantries at entrances and exits or at strategic locations on the mainline of the road).

The driver of the vehicle can pay the toll tax in cash in the first scenario. However, scanners at toll booths might not be able to read a car's FAST Tag even if it is active and valid.

The word "toll" derives from the Greek word "tax," telos. A toll is what is imposed as payment for the right to travel on a road or pass a bridge.

A blacklist of tags indicates that a vehicle is not permitted to use FAST Tag to pay at the toll booth. There are several reasons for blacklisting Tag, one of them is that his FAST Tag account is insufficiently stocked.

In these situations, the customer should contact their bank's toll-free call center and ask why they were placed on the blacklist.

TOLL COLLECTION CAMERA MARKET SIZE AND FORECAST

The Global Toll Collection Camera Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

TOLL COLLECTION CAMERA MARKET DYNAMICS

ASN Services Private LimitedCurrently, FAST Tag is being used on Indian roadways to collect tolls. The Indian government, however, has been working on and is taking into consideration creating a new toll collection mechanism.

The new method will fundamentally alter how tolls are collected on roadways if it is put into place. The new system will be a camera-aided toll collection that uses the same technology used to recognize number plates on vehicles travelling on Indian highways, changing the appearance of the toll plazas.

An automatic number plate reader (ANPR) camera is the name of the aforementioned system.

TOLL COLLECTION CAMERA MARKET COMPANY PROFILE

• Houston Systems Private Limited
• Parth System Repair And Fire
• Softland India Limited
• SRTEC Automation
• Smartpower Automation Private Limited
• Solinvo Private Limited
• Goldimine Electrosystems Private Limited

THIS TOLL COLLECTION CAMERA MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many Toll Collection Camera are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Toll Collection Camera and key vendor selection criteria
3. Where is the Toll Collection Camera manufactured? What is the average margin per unit?
4. Market share of Global Toll Collection Camera market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global Toll Collection Camera in-house
6. key predictions for next 5 years in Global Toll Collection Camera market
7. Average B-2-B Toll Collection Camera market price in all segments
8. Latest trends in Toll Collection Camera market, by every market segment
9. The market size (both volume and value) of the Toll Collection Camera market in 2024-2030 and every year in between?
10. Production breakup of Toll Collection Camera market, by suppliers and their OEM relationship