Intelligent Transportation System Market is Forecasted to Reach a Market Value of US$ 68.41 Billion By 2030

Global Intelligent Transportation System Market Size Was Valued at USD 29.05 Billion In 2022 And Is Projected to Reach USD 68.41 Billion By 2030, Growing at A CAGR of 11.3% From 2023 To 2030.

Global Intelligent Transportation System Market aimed at enhancing the efficiency, safety, and sustainability of transportation systems worldwide. This sector encompasses a diverse range of intelligent solutions that integrate information and communication technologies with transportation infrastructure. modern transportation, such as traffic congestion, environmental concerns, and the need for improved safety measures. These systems leverage cutting-edge technologies like sensors, communication networks, and data analytics to optimize traffic flow, enhance public transportation systems, and mitigate the environmental impact of transportation activities. Advanced traffic management systems, electronic toll collection, intelligent parking systems, and integrated public transportation solutions. These elements work in synergy to create a connected and smart transportation ecosystem.

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