Transparency Market Research has published a new report on the global intelligent transportation system (ITS) market for the forecast period of 2019–2027. According to the report, the global intelligent transportation system market is projected to surpass US$ 80 Bn by 2027, expanding at a CAGR of around 13% during the forecast period.
Intelligent Transportation System Market: Overview
According to the report, the global intelligent transportation system market is likely to be driven by the need to adopt smarter transport modes that are safer, user-friendly, and more coordinated.
An intelligent transportation system employs communication technology and captured information in transportation in order to improve efficiency and safety, and reduce traffic issues,
An ITS can boost the adoption of public transport by making it more effective, tackle traffic congestion issues, and shorten the travel duration, which, in turn, is likely to reduce vehicle emissions. The implementation of an intelligent transportation system enables operators to obtain real-time details, which helps them manage fleets and update operations and schedules.
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Sakshi Mishra Joined: July 22nd, 2019 Articles Posted: 530
