Intelligent Transportation System Market Growth Analysis | 2022-2028
April 25, 2023 ⚊ 1 Min read ⚊ Views 73 ⚊ BUSINESSThe intelligent transportation system market was valued to grow from USD 42.4 billion in 2021 to USD 77.74 billion by 2028 at a CAGR of 8.72% during the forecast period. Surging demand for traffic control solutions enhanced improved safety & surveillance provided by modern cameras and License Plate Recognition (LPRs), and growing demand for smart vehicles integrated with advanced telecommunications technology.
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