The ETC market  makes use of a technology that makes it possible to pay tolls electronically. In order to conduct a financial transaction between a vehicle travelling through a toll plaza and the toll collection agency, the electronic toll collection system uses vehicle-to-toll plaza communication technologies.

The automated toll collection system makes it easy to collect tolls and monitor traffic.

An RFID reader is used in India's electronic toll collecting system, which is run by the National Highway Authority of India (NHAI) in coordination with various banks. It enables toll fees to be paid directly from linked prepaid or savings accounts and allows vehicles to pass through checkpoints without pausing to conduct transactions.

Read more: https://www.fortunebusinessinsights.com/electronic-toll-collection-market-107310

Based on technology, type, application, and geography, the market is divided into segments. Due to their low cost and simplicity of use, RFID-based ETC systems are predicted to outpace other technologies in the market. The market is divided into standalone systems and integrated systems based on type. Due to the rising demand for sophisticated toll collection systems that can be connected with other smart city infrastructure, the integrated systems market is anticipated to expand at a faster rate.

The growing demand for effective and convenient toll payment solutions is projected to propel the ETC market's growth in the next years. For industry participants, the integration of ETC systems with smart city infrastructure is anticipated to present sizable growth prospects. As ETC demand increases

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