The Global Market for Intelligent Transportation Systems is Projected to Reach US$44.1 Billion by 2024
Growing Emphasis on Better Traffic Management and Road Safety to Drive Growth in the Intelligent Transportation Systems Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry trends, growth drivers, market size, and demand forecasts on the global Intelligent Transportation Systems market. The global market for Intelligent Transportation Systems is projected to reach US$44.1 billion by 2024 , driven by growing number of cities, increasing vehicular traffic, rising traffic congestion and effervescent technological innovations. Growing vehicular traffic is pushing existing transport infrastructure to its limits; resulting in ever-growing congestion, slower traffic movement and number of accidents. These factors are driving establishments to espouse technology as a means to manage vehicular movement more effectively with available resources. In addition to burgeoning traffic and accompanying congestion, road safe...