The global Intelligent Transportation System (ITS) market is experiencing rapid growth, fuelled by the convergence of cutting-edge technologies and the increasing need for efficient, safe, and sustainable urban mobility solutions. From traffic management and smart signals to toll collection and vehicle-to-infrastructure communication, ITS is transforming how the world moves.
Industry Outlook
The global intelligent transportation system industry was valued at US$ 41.7 billion in 2024. The global intelligent transportation system market is estimated to grow at a CAGR of 10.22% from 2025 to 2035 and reach US$ 124.8 billion by the end of 2035. This growth reflects increasing investments in smart city projects, the rollout of 5G networks, and the adoption of real-time traffic monitoring technologies.
As urbanization continues to expand and traffic congestion worsens, the demand for intelligent mobility solutions has become a top priority for both developed and developing nations. Governments around the globe are embracing ITS to modernize public transportation, improve road safety, reduce carbon emissions, and enable real-time traffic updates.
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