Intelligent Transportation System Market Worth $67.2 Billion by 2028
The global intelligent transportation system (ITS) market is projected to reach USD 67.2 billion by 2028 from an estimated USD 47.8 billion in 2023, at a CAGR of 7.1% from 2023 to 2028 according to a new report by MarketsandMarkets™. Favorable government initiatives for effective traffic management and rapid development of smart cities globally are among the key factors driving the growth of the ITS market.
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