RFID is an automated data-capture technology that can be used to electronically identify, track, and store information contained on a tag. A radio frequency reader scans the tag for data and sends the information to a database, which stores the data contained on the tag.The main technology components of an RFID system are the tag, reader, and database.
This system can be installed without tearing up the road, also this system can collect the data from the passing vehicles, identify the license plate and vehicle model and RFID electronic tag, retrieve the related registration informatiom from database, match registration information with the data ETC system collected, prevent switching license plates, collect the tolls automatically without having vehicles to slow down to pay.

Market Analysis and Insights: Global RFID Electronic Toll Collection System Market
The global RFID Electronic Toll Collection System market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global RFID Electronic Toll Collection System market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global RFID Electronic Toll Collection System market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global RFID Electronic Toll Collection System market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global RFID Electronic Toll Collection System market.

Global RFID Electronic Toll Collection System Scope and Market Size
RFID Electronic Toll Collection System market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global RFID Electronic Toll Collection System market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Hardware
Software
Service

Segment by Application
Urban Areas And Roadways
Highways

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Honeywell
Kapsch Trafficcom AG
TransCore
Siemens
Vaaan Infra
Neology, Inc.
ID Tech Solutions Private Limited
TagMaster
Metro Infrasys Pvt. Ltd.