Global electronic tolling forecast to be worth $9.5bn within five years | Smart Highways Magazine: Industry News

Global electronic tolling forecast to be worth $9.5bn within five years

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The global Electronic Toll Collection market is expected to reach $9.5 billion by 2020, with Europe the second-biggest market behind North America.

A study by RnR Market Research suggests there will be growth across the product range including Transponder, Antenna, communication system, Inductive Loop, Treadles, Weigh-In-Motion Device, Light Beam, Scanning device, Video Image Processing Device, Camera, Film Storage Device, and Back Office and Integration.

Although the UK has little road user charging at present, this is predicted to increase over the years with ITS (UK) President and former Transport Minister Steven Norris telling an audience at Traffex last month that it is inevitable it will come to Britain.

 
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