Intelligent Transportation System Market: An In-Depth Look at the Current State and Future Outlook

Read More: https://www.emergenresearch.com/industry-report/intelligent-transportation-system-market

The global Intelligent Transportation System (ITS) Market is expected to reach USD 48.17 Billion by 2027, according to a new report by Emergen Research. The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for an intelligent transportation system. Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally.
Intelligent Transportation System Market: An In-Depth Look at the Current State and Future Outlook Read More: https://www.emergenresearch.com/industry-report/intelligent-transportation-system-market The global Intelligent Transportation System (ITS) Market is expected to reach USD 48.17 Billion by 2027, according to a new report by Emergen Research. The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for an intelligent transportation system. Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally.
Intelligent Transportation System Market Size USD 48.17 Bn by 2027 | ITS Industry CAGR of 15.2%
Intelligent transportation system market size was valued at USD 15.50 Billion in 2019 and is anticipated to reach USD 48.17 Billion by 2027 at a CAGR of 15.2%. The rise in ITS market demand can be mainly associated with the increasing demand for integrated security & safety systems for improved public safety.
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