This report analyzes the worldwide markets for Electronic Toll Collection Systems in US$ Million. The report analyzes the global market as well as the US, Europe and Rest of World regions. Further, the US market for Electronic Toll Collection Systems is analyzed by the following product segments - Automatic Vehicle Identification (AVI) Systems, Automatic Vehicle Classification (AVC) systems, and Video Enforcement Systems (VES). Annual forecasts are provided for each region for the period of 2000 through 2015. The report profiles 83 companies including many key and niche players worldwide such as  Atlantia S.P.A, Caseta Technologies, Inc., Computer Recognition Systems Ltd., G.E.A., International Road Dynamics, Inc., Jai Pulnix, Inc., Kapsch Trafficcom AG, Mark IV Industries Inc., Omron Scientific Technologies, Inc., Peek Traffic Corporation, Perceptics LLC, Q-FREE ASA, SAIC, Inc., Siemens Electronic Tolling, Sirit, Inc., The Revenue Markets, Inc., Toll Collect GmbH, Transcore Holdings, Inc, and Transtoll.  Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

TABLE OF CONTENTS

ELECTRONIC TOLL COLLECTION SYSTEMS
A GLOBAL STRATEGIC BUSINESS REPORT		MCP-1635


                                        CONTENTS


  I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3
       Automatic Vehicle Identification (AVI) Systems                   I-3
       Automatic Vehicle Classification (AVC) Systems                   I-4
       Video Enforcement Systems (VES)                                  I-4


 II. EXECUTIVE SUMMARY

  1. Market Dynamics                                                    II-1
      Electronic Toll Collection Technologies -  The Road Ahead         II-1
      Road User Charging Market - A Perspective                         II-1
      Global ETC Industry - An Insight                                  II-2
      Emerging ETC Technologies                                         II-2
       Odometer Tolling                                                 II-2
       Mobile Phone Tolling                                             II-2
       Satellite-based Tolling                                          II-2
        Advantages                                                      II-3
        Disadvantages                                                   II-3
      Electronic Tolling Technology for Improved Traffic  Management    II-3
       Time-of-Day Pricing                                              II-3
       Dynamic Pricing                                                  II-4
      Key Market Trends and Issues                                      II-4
       Industry Witnesses Consolidation Activity                        II-4
        Select Mergers and Acquisitions in ETC Systems  Segment:
         1999-2008                                                      II-4
       Lower Operational Costs of ETC Systems Enable  Increased
        Acceptance                                                      II-5
       ETC System' Ability to Enhance Traffic Flow  Spurs Growth        II-5
       Mounting Environmental Concerns Create  New Avenues for ETC Use  II-5
       Increased Payment Convenience for Users Propels  ETC Market      II-5
       Roaming Arrangements Boost Effectiveness of ETC System           II-5
       Increasing Transponder Usage -  The Need of the Hour             II-6
       GPS/GSM-based Toll Collection - New Avenues  in Road User
        Charging                                                        II-6
       High-speed Electronic Collection - Key Hurdles                   II-6
       Violation Enforcement Imperative to Leverage  True Potential
        of ETC Systems                                                  II-6
        Measures for Enforcement                                        II-7
         Image Capture of License Plates                                II-7
         Acquisition of Name and Address                                II-7
         Violator Payment                                               II-7
         Legal Aspects of Toll Enforcement                              II-7
       Electronic Toll Collection - The Privacy Factor                  II-8
      Current and Future Analysis                                       II-8
       Table 1: Global Electronic Toll Collection Market (2003, 2007 &
       2012): Percentage Breakdown of Dollar Sales by Geographic
       Region - USA, Europe, and Rest of World (includes
       corresponding Graph/Chart)                                       II-8

  2. Product Overview                                                   II-9
      Electronic Toll Collection - A Prelude                            II-9
       OBU Classification                                               II-9
        Read-only Systems                                               II-9
        Read/write Systems                                              II-9
      ETC System - Major Components                                     II-10
       Automatic Vehicle Identification (AVI) Systems                   II-10
        Communication from Readers to Centralized  Computer System      II-10
        AVI Technologies                                                II-10
         RFID - The Basic Technology for AVI                            II-10
          Types of Tags                                                 II-10
           Active RFID Tags                                             II-10
           Passive RFID Tags                                            II-11
          The eGo System - TransCore's Leading  RFID Product           II-11
           eGo Tags                                                     II-11
           eGo Readers                                                  II-11
         Electronic Tags                                                II-11
          RF Tags                                                       II-11
           Types of RF Tags                                             II-12
            Read/write Tags                                             II-12
            Read-only Tags                                              II-12
            Partitioned Tags                                            II-12
          RF Smart Tags                                                 II-12
          Smart Cards Incorporating RF Transponders                     II-12
         Roadside Antennas                                              II-13
         Roadside Readers                                               II-13
         Communication Systems                                          II-13
         Inductive-Loop Systems                                         II-13
         Optical Systems                                                II-13
          Optical License Plate Recognition                             II-13
          Bar Coding                                                    II-14
         Surface Acoustical Wave                                        II-14
        Automatic Identification of Vehicles by  Plate Reading          II-14
         License Plate Recognition (LPR)                                II-14
          Structure of the LPR System                                   II-14
          Plate Region Extraction                                       II-15
          Segmentation                                                  II-15
          Character Recognition                                         II-15
        AVI Systems - Major Applications                                II-15
       Automatic Vehicle Classification (AVC) Systems                   II-15
        AVC Technologies                                                II-16
         Treadles                                                       II-16
          Electromechanical Treadles                                    II-16
          Piezoelectric Treadles                                        II-16
          Optical Treadles                                              II-16
          Resistive Rubber Treadles                                     II-16
         Weigh-in-Motion Equipment/Devices                              II-16
          Bending Plates                                                II-17
          Piezoelectric Sensors                                         II-17
          Capacitive Strip                                              II-17
         Inductive Loops                                                II-17
         Scanning Devices                                               II-17
          Laser Scanners                                                II-17
          Infrared Scanners                                             II-17
          Ultrasonic Scanners                                           II-17
        Video-based Image Processing Devices                            II-17
        Light Beams                                                     II-18
        Light Curtains                                                  II-18
       Video Enforcement Systems (VES)                                  II-18
        VES - Key Technologies                                          II-18
         Image/Photographic Cameras                                     II-18
         Video Image Processing Systems                                 II-18
         Videotape Recording                                            II-18
         Video Based Digital Imaging                                    II-18
         Automatic Number Plate Recognition System                      II-19
      Vehicle Positioning Systems - An Advanced Technology  for ETC     II-19
      ETC - Implementation and Functional Challenges                    II-19
      Costs Associated with ETC Implementation and  Operation           II-20
       Cost to Tolling Agency                                           II-20
       Cost to the Customer                                             II-20
       Preliminary Sunk Costs                                           II-20
      Key Benefits                                                      II-20
      Major Drawbacks                                                   II-21
      Travel Time Data Measurement - An Overview                        II-21
       Video Imaging                                                    II-21
       Cellular Phone Tracking                                          II-21
       Electronic Distance-Measuring Instruments (DMI)                  II-22
       Electronic License Plate Matching                                II-22
      Toll Roads                                                        II-22
       History of Toll Roads                                            II-23
       Varying Forms of Toll Operations                                 II-23
      Toll Collection Process                                           II-23
       Fixing of Toll Rate                                              II-23
       Toll Collection                                                  II-23
       Violation Enforcement                                            II-23
       Accounting and Management                                        II-24
       Interoperability                                                 II-24
        Various Types of Interoperability                               II-24
         Transponder-level Interoperability                             II-24
         Peer-to-Peer Interoperability                                  II-24
         Consolidated Operations                                        II-24
      Toll Collection Methods                                           II-24
       Manual Toll Collection                                           II-24
       Automatic Toll Collection                                        II-25
       Electronic Toll Collection                                       II-25
        Advantages of Electronic Toll Collection at a Glance            II-25
        Classification Based on Lanes                                   II-26
         Single-Lane ETC Systems                                        II-26
         Open Road Tolling/ Multi-Lane Free Flow  ETC Systems           II-26
          ORT - Key Operational Issues                                  II-26
        Classification Based on Technology                              II-26
         Dedicated Short Range Communication based  ETC Systems         II-26
         GPS-based ETC Systems                                          II-27
         Automatic Number Plate Recognition-based  ETC Systems          II-27
         A Comparison of DSRC and GPS based  ETC Systems                II-27

  3. Related Technologies                                               II-29
      Intelligent Transportation Systems                                II-29
       Partners in Success - Key Enablers of Intelligent
        Transportation Systems                                          II-29
       Intelligent Transportation Systems - Solution for Today's
        Traffic Congestion                                              II-30
      Advanced Traffic Management Systems                               II-30
      Public Vehicle Transportation Management Systems                  II-31
      Commercial Vehicle Operations Systems                             II-31
      Electronic Vehicle Registration Systems                           II-32
       EVR Applications                                                 II-32
      Tachograph                                                        II-32
       Tachograph Tampering                                             II-32
       Tachograph - German Regulations                                  II-32

  4. Product Introductions/Innovations                                  II-33
      Mark IV Introduces New Driver Feedback Transponder                II-33
      TransCore Launches eZGo  OBU                                     II-33
      Slovenia to Introduce Vignette Toll System on  Slovenian
       Expressways                                                      II-33
      Sirit Unveils New High-Frequency RFID Reader Module               II-33
      Florida to Introduce New Tag Technology for all  Toll Agencies    II-34
      Sirit Launches IDentity 5100                                      II-34
      WSDOT Introduces Primary Electronic Toll System  'Good To Go!'    II-34
      Sirit Unveils New High Frequency RFID Reader Module               II-34
      Sirit Launches IDentity MaX RFID Reader                           II-35
      Mitsubishi Electric and Matsushita Electric to  Commercialize
       Products                                                         II-35
      Q-Free Plans to Introduce Novel Range of OBUs                     II-35
      TRMI Develops E-ZPass ETC System                                  II-35
      TransCore Unveils AutoExpreso ETC System                          II-36
      Mitsubishi Electric Develops ETC Technology                       II-36
      Electronics Corporation of India Introduces ETC System            II-36

  5. Recent Industry Activity                                           II-37
      PlatePass Deploys Interoperable Camera-based Toll  Collection
       System in the US                                                 II-37
      Kapsch TrafficCom Gains Order for Eazy Pass  Electronic Toll      II-37
      Kapsch TrafficCom to Construct Toll Systems for  Bangkok
       Motorways                                                        II-37
      Telvent Gains Contract for E-ZPass Toll Collection System         II-37
      Q-Free ASA to Acquire Major Stake in Dacolian BV                  II-38
      TechnoCom Divests Mobility Solutions Business                     II-38
      IRD Secures Madhucon Highway Complex Contract                     II-38
      Sirit Enters into Strategic Supply Agreement  with 3M Brazil      II-39
      TransCore Deploys ORT in Florida                                  II-39
      NHA and NADRA Collaborate to Install RFID  Toll Collection
       System in Pakistan                                               II-39
      Florida's Turnpike Enterprise Chooses TransCore's  RFID
       Sticker Technology                                               II-40
      Busi Impianti and Kapsch TrafficCom Form  Joint Venture for
       Traffic Telematics                                               II-40
      NXP Enters into Collaborative Agreement with Siemens              II-40
      Kapsch TrafficCom Receives Contract for Road Side  Equipment      II-40
      Telvent Secures OHL Brasil Contract for Smart Toll System         II-41
      Ohio Turnpike Awards Contract to TransCore                        II-41
      Kapsch Metro Joint Venture Commissions Largest  Toll Plaza        II-41
      Sun Capital Partners' Affiliate Acquires Mark  IV Industries      II-41
      Virginia Department of Transportation Finalizes Toll Lanes
       Building Agreement                                               II-41
      Autos Trade International Acquires Stake in Electronic
       Transaction Consultants                                          II-42
      Kapsch Establishes Joint Venture with Traffic  Management
       Technologies                                                     II-42
      Kapsch TrafficCom Secures Transit New Zealand Order  for ETC
       System                                                           II-42
      Kapsch TrafficCom Secures New Chilean Toll System  Contract       II-43
      TransCore Secures Toll System Extension Contract                  II-43
      Maharashtra Government Appoints Mastek to Develop ETC System      II-43
      IPICO Enters into Distribution Agreement with CNATS               II-43
      Federal Signal Corp Completes Acquisition of PIPS Technology      II-44
      The SA National Roads Agency to Introduce e-Tagging  Solutions    II-44
      Q-Free Receives New Order from Via Verde                          II-44
      Toll Collect Offers New Siemens On-Board Unit  for Truck Tolling  II-44
      eTrip Services Plans Major Market Push to Exploit
       Interoperability                                                 II-44
      Imtech Acquires Peek Traffic Holdings                             II-45
      Telvent Acquires Caseta Technologies                              II-45
      ITR Concession Company to Enroll in E-ZPass Program               II-45
      National Highways Authority Selects BCEOM for  Consulting
       Services on ETC Standard                                         II-45
      Kapsch TrafficCom Acquires DPS Automation                         II-46
      International Road Dynamics Signs Distribution  Agreement with
       Xuzhou                                                           II-46
      Sirit Inks Pact with EFKON USA                                    II-46
      Kapsch Signs Contract with Czech Republic' Ministry for
       Transport for Toll Project                                       II-46
      Q-Free Inks Contract with Norwegian Public Road  Administration   II-47
      Sirit to Supply FasTrak Toll Tags/Reader Hardware to South
       Bay Expressway                                                   II-47
      The Miami-Dade Expressway Authority to Install  ETC System        II-47
      NHAI to Introduce ETC System for Online Tracking of  Toll
       Collections                                                      II-47
      Caseta Establishes Test Site for Toll Equipment                   II-47
      Hertz Extends PlatePass Electronic Toll Program                  II-47
      Affiliated Computer Services Buys Ascom's Transport  Revenue
       Division                                                         II-48
      Autoroutes Paris-Rhin-Rhone Join Hands with Kapsch  and Brisa     II-48
      International Road Dynamics Wins Three Contracts                  II-48
      International Road Dynamics Broadens Reach in India               II-48
      Swift Installs PrePassPlus Transportation System                  II-49
      MOTC in Partnership Pact with Far Eastern Electronic  Toll
       Collection Company                                               II-49
      Kapsch TrafficCom and BRISA Ink Pact                              II-49
      ACS Receives Contract from New Hampshire  Department of
       Transportation                                                   II-49
      Kapsch TrafficCom Wins Order to Supply  ETC Equipment             II-49
      JAI Group Purchases PULNiX America                                II-50
      Companhia Enters Joint Venture with Catel Construcoes  and
       Primav Ecorodovias                                               II-50

  6. Focus on Select Global Players                                     II-51
      Atlantia S.P.A (Italy)                                            II-51
      Caseta Technologies, Inc. (USA)                                   II-51
      Computer Recognition Systems Ltd (UK)                             II-51
      G.E.A (France)                                                    II-52
      International Road Dynamics, Inc. (Canada)                        II-52
      Jai Pulnix, Inc. (USA)                                            II-52
      Kapsch Trafficcom AG (Austria)                                    II-52
      Mark IV Industries Inc (USA)                                      II-53
      Omron Scientific Technologies, Inc. (USA)                         II-53
      Peek Traffic Corporation (USA)                                    II-53
      Perceptics LLC (USA)                                              II-54
      Q-FREE ASA (Norway)                                               II-54
      SAIC, Inc. (USA)                                                  II-54
      Siemens Electronic Tolling (Austria)                              II-54
      Sirit, Inc. (Canada)                                              II-55
      The Revenue Markets, Inc. (USA)                                   II-55
      Toll Collect GmbH (Germany)                                       II-55
      Transcore Holdings, Inc (USA)                                     II-56
      Transtoll (Australia)                                             II-56

  7. Global Market Perspective                                          II-57
      Table 2: World Recent Past, Current & Future Analysis  for
      Electronic Toll Collection Systems (ETC) by  Geographic Region -
      US, Europe, and Rest of World  Markets Independently
      Analyzed with Annual Sales  in US$ Million for Years 2000
      through 2010  (includes corresponding Graph/Chart)                II-57

      Table 3: World Long-term Projections for Electronic Toll
      Collection (ETC) Systems by Geographic Region - US, Europe,
      and Rest of World Markets Independently Analyzed with Annual
      Sales in US$ Million for Years 2011 through 2015 (includes
      corresponding Graph/Chart)                                        II-58

      Table 4: World 10-Year Perspective for Electronic Toll
      Collection Systems (ETC) by Geographic Region -  Percentage
      Breakdown of Dollar Sales for US, Europe, and Rest of World
      Markets for the Years 2003, 2008, and 2012 (includes
      corresponding Graph/Chart)                                        II-59


III. MARKET

  1. The United States                                                  III-1
      A.Market Analysis                                                 III-1
        Outlook                                                         III-1
        21st Century Tolling - A US Perspective                         III-1
         HOT Lanes                                                      III-2
          HOT Lanes Pricing                                             III-2
          Frequency of Pricing Modifications                            III-2
          Corridor Segmentation                                         III-2
          Implementation of HOT Lanes - Key Challenges                  III-2
         Express Toll Lanes                                             III-3
        Electronic Toll Collection in the US - Varying  Modes of
         Implementation                                                 III-3
        ETC Systems Bring Significant Efficiency in Traffic  Management III-3
        Interoperability - A Key Issue                                  III-3
         Major ETC Tag System Deployments in the US and
          Interoperability                                              III-4
        History of Toll Roads in the United States                      III-4
         Limited Access Highways                                        III-5
         Setting High Standards                                         III-5
         Interstate Highway System                                      III-5
         Toll Financing                                                 III-5
         Shunpiking                                                     III-5
        Electronic Tolling in the US - Development Over  the Years      III-6
         E-ZPass - A Key ETC System in Use                              III-6
          Working of E-ZPass System                                     III-7
        Toll Collection in the US - Key Deployment and
         Implementation Statistics                                      III-7
         Table 5: Number of Toll Collection Booths/Plazas by Select
         State and Metropolitan Area in the United States (2007)        III-7

         Table 6: Number of Toll Collection Booths/Plazas with ETC
         Facility by Select State and Metropolitan Area in the
         United States (2007)                                           III-8

         Table 7: Number of Toll Collection Lanes by Select State
         and Metropolitan Area in the United States (2007)              III-9

         Table 8: Number of Toll Lanes with ETC Facility by Select
         State and Metropolitan Area in the United States (2007)        III-10

         Table 9: Number of Toll Agencies using Congestion Pricing
         by Select State and Metropolitan Area in  the United States
         (2007)                                                         III-10
        Product Introductions                                           III-11
        Strategic Corporate Developments                                III-12
        Select Players                                                  III-17
      B.Market Analytics                                                III-20
        Table 10: US Recent Past, Current & Future Analysis for
        Electronic Toll Collection Systems (ETC) by Product Segment -
        Automatic Vehicle Identification, Automatic Vehicle
        Classification, and Video Enforcement System Markets
        Independently Analyzed with Annual Sales in US$ Million for
        the Years 2000 through 2010 (includes corresponding
        Graph/Chart)                                                    III-20

        Table 11: US Long-term Projections for Electronic Toll
        Collection (ETC) Systems by Product Segment - Automatic
        Vehicle Identification, Automatic Vehicle Classification,
        and Video Enforcement System Markets Independently Analyzed
        with Annual Sales in US$ Million for the Years 2011 through
        2015 (includes corresponding Graph/Chart)                       III-20

        Table 12: US 10-Year Perspective for Electronic Toll
        Collection Systems (ETC) by Product Segment - Percentage
        Breakdown of Dollar Sales for Automatic Vehicle
        Identification, Automatic Vehicle Classification, and Video
        Enforcement System Markets for 2003, 2008, and 2012
        (includes corresponding Graph/Chart)                            III-21

  2. Europe                                                             III-22
      A.Market Analysis                                                 III-22
       Outlook                                                          III-22
        Market Overview                                                 III-22
         Major ETC System Deployments by Select Countries  in Europe    III-23
        Tolling - A Key Source of Additional Finances for  Governments  III-23
        Electronic Toll Collection in Europe -  Future Direction        III-23
        Interoperability Directives                                     III-24
         2004/52/EC Directive                                           III-24
         2006/38/EC Directive                                           III-24
        Truck Tolling in Europe - A Recent Past Perspective             III-24
        Key Trends and Issues                                           III-24
         Telematics-based RUC Systems Draw Attention                    III-24
         Governments' Concern on Rising Pollution Spurs  Use of RUC
          Systems                                                       III-25
         Mandatory Use of ETC in Select Countries  Boosts Sales         III-25
         OBU Market to Expand Considerably                              III-25
         Road User Charging All Set to Gain Momentum  in Eastern Europe III-25
         Standardizing RUC Systems in Eastern Europe -  Tough
          Challenges Ahead                                              III-25
         Major Hurdles Facing ETC Systems Growth                        III-26
        Focus on Select European Markets                                III-26
         Austria                                                        III-26
         Czech Republic                                                 III-27
         France                                                         III-27
         Germany                                                        III-27
          GPS Tolling System                                            III-27
           Using the Toll System                                        III-28
           Making Payments                                              III-28
           System Enforcement                                           III-28
           Security and Data Protection                                 III-28
          Laws on Route-based Toll Collection  in Germany               III-28
         Italy                                                          III-29
         Norway                                                         III-29
         Portugal                                                       III-29
         United Kingdom                                                 III-29
          Electronic Toll Collection - Major Installations              III-29
          London Congestion Charge Scheme                               III-30
           Main Objectives of the Scheme                                III-30
          History of Toll Roads in the UK                               III-30
           Turnpike Roads and Formation of  Turnpike Trusts             III-31
           Improvement in Road Quality                                  III-31
           Decline of Turnpike Trusts                                   III-31
        Regulations and Standards                                       III-31
         European Commission Mulls Single  ETC System Across Europe     III-31
          ETC Systems in Use Across Europe                              III-32
         European Directive for Interoperability 2004                   III-32
          Key Challenges                                                III-32
         Standard for Interoperability Among Different  Electronic
          Fee Collection (EFC) Systems                                  III-32
        Product Introductions                                           III-33
        Strategic Corporate Developments                                III-33
        Select Players                                                  III-37
      B.Market Analytics                                                III-40
        Table 13: European Recent Past, Current & Future Analysis
        for Electronic Toll Collection Systems (ETC) with Annual
        Sales in US$ Million for the Years 2000 through 2010
        (includes corresponding Graph/Chart)                            III-40

        Table 14: European Long-term Projections for Electronic Toll
        Collection (ETC) Systems with Annual Sales in US$ Million
        for the Years 2011 through 2015 (includes corresponding
        Graph/Chart)                                                    III-40

  3. Rest of World                                                      III-41
      A.Market Analysis                                                 III-41
        Outlook                                                         III-41
        Asia-Pacific ETC Deployments - A Review                         III-41
         Major ETC System Deployments by Select  Country in Asia-
          Pacific                                                       III-41
        Select Markets - A Review                                       III-42
         Canada                                                         III-42
          Toll Roads - A Perspective                                    III-42
          Toronto 407ETR - A Major ETC Equipped  Toll Road              III-42
         Japan                                                          III-42
          ITS in Japan - A Perspective                                  III-42
          ETC - An Overview                                             III-42
          ETC System Development                                        III-43
          Electronic Toll Collection for Motorcycles                    III-43
           Working Mechanism of Motorcycle  ETC System                  III-43
           Significant Promotional Incentives to Boost  Motorcycle
            ETC Usage                                                   III-43
          ETC Equipment- An Insight                                     III-44
          Penetration                                                   III-44
          Issues                                                        III-44
           Discounts and Subsidies Fuel Adoption of  Transponders       III-44
           ETC Cards- A Glitch or a Facilitator                         III-45
           Single National System                                       III-45
         Australia                                                      III-45
         China                                                          III-46
         Hong Kong                                                      III-46
         India                                                          III-46
          Electronic Toll Collection in India                           III-46
         Indonesia                                                      III-47
         Malaysia                                                       III-47
         Singapore                                                      III-47
         Taiwan                                                         III-47
         Brazil                                                         III-48
          Major ETC System Deployments by Select  Region/City in Brazil III-48
         Mexico                                                         III-48
         South Africa                                                   III-48
        Product Introduction                                            III-48
        Strategic Developments                                          III-50
        Select Players                                                  III-55
      B.Market Analytics                                                III-56
        Table 15: Rest of World Recent Past, Current & Future
        Analysis for Electronic Toll Collection Systems with  Annual
        Sales in US$ Million for the Years 2000  through 2010
        (includes corresponding Graph/Chart)                            III-56

        Table 16: Rest of World Long-term Projections for Electronic
        Toll Collection (ETC) Systems with Annual Sales in US$
        Million for the Years 2011 through 2015 (includes
        corresponding Graph/Chart)                                      III-57


 IV. COMPETITIVE LANDSCAPE