Connect with us

Hi, what are you looking for?

Economy

The installed base of GNSS-based on-board units deployed for road user charging exceeds 7 million units worldwide

The installed base of GNSS-based on-board units deployed for road user charging exceeds 7 million units worldwide

The installed base of GNSS-based on-board units deployed for road user charging exceeds 7 million units worldwide

Berg Insight, the leading IoT market research provider, today released a new market study covering the GNSS-based road pricing market.

GNSS-based road pricing refers to the charging of road users using global navigation satellite system (GNSS) sensors inside vehicles. The road pricing umbrella term typically covers various types of schemes such as electronic toll collection (ETC) and road user charging (RUC) as well as vignettes and congestion charging. More than a dozen countries around the world have GNSS-based RUC/ETC systems that are in operation or about to be launched in the relative near-term. The vast majority of these can so far be found in Europe but there are also programs in operation in North America and Asia-Pacific. Berg Insight estimates that the installed base of GNSS-based on-board units deployed for road user charging reached more than 7.4 million units worldwide in 2023. Growing at a compound annual growth rate (CAGR) of 7.3 percent, the installed base is forecasted to reach almost 10.6 million units in 2028.

chart: installed base of gnss on-board units for road user charging, world 2023-2028

Berg Insight ranks Russia, Germany and Poland as the largest markets in terms of the number of GNSS-equipped vehicles for road user charging purposes.

“The Russian implementation is the largest in the world with more than 1 million on-board units in use for the Platon ETC system”, said Rickard Andersson, Principal Analyst, Berg Insight.

He adds that Germany and Poland are the runners-up with the Lkw-Maut and e-TOLL systems respectively.

“Other countries with more than half a million on-board units in use include Belgium with the Kilometer Charge, Hungary’s HU-GO and the Czech Republic’s CzechToll satellite toll system”, continued Mr. Andersson.

Bulgaria and Slovakia also have several hundred thousand on-board units deployed. The remaining top-10 markets are New Zealand and Switzerland with the eRUC and LSVA implementations respectively.

“The fragmented US market has a few operational RUC programs on state level and the country is just outside of the global top-10 so far”, concluded Mr. Andersson.

Download report brochure: The Global GNSS-Based Road Pricing Market

The post The installed base of GNSS-based on-board units deployed for road user charging exceeds 7 million units worldwide appeared first on IoT Business News.

You May Also Like

Editor's Pick

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

Editor's Pick

If you haven’t been following the “Twitter Files” saga, the gist of it is that the US federal government routinely pressured pre-Musk Twitter, and...

Editor's Pick

For years the North Korean playbook was obvious to the world. The Democratic People’s Republic of Korea wanted to be the center of attention....

Editor's Pick

On April 23, 1985, the Coca-Cola Company made one of the biggest mistakes in American business history: it changed the formula for Coca-Cola. Outraged...



Disclaimer: Questofprogress.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 Questofprogress.com