Fare and Toll
Globally, the ITS market is expected to reach $47.5 billion by 2022, growing at a CAGR of over 13% from 2015 to 2022. The advancement in the sector of ITS, due to the growth of the ICT infrastructure in India and the ‘Internet of Things’ (IoT) has increased usage of applications such as automatic traveler information system (ATIS), data collection, navigation systems, road sensors, incident detection systems, speed enforcement, electronic toll collection systems, RFID, advanced vehicle management systems, telematic toll collection, automatic parking apps and vehicle tracking systems etc.
All this and more have been getting reflected upon the YoY increase in the participation by both the Indian & International ITS companies.
- Toll collection system
- “Vehicle Weighing Systems &
- Weigh-in Motion”
- Traffic Data Collection Systems
- Toll Automation / RFID
- Automatic Vehicle Classification