Global Intelligent Transportation System (ITS) Market
Size, Share, Development and Forecast 2020
Global Intelligent Transportation System Market is Expected to Grow at
13% CAGR During 2015 – 2020
The global intelligent transportation system (ITS) market is expected to increase from $18,210.2 million in 2014,
and reach $38,013.2 million in 2020, with a CAGR of 13.1% during 2015-2020. The global market is mainly driven
by increasing traffic congestion. As the traffic congestion is increasing, people are facing more problems. Traffic
congestion wastes time of passengers and leads to delay in reaching the workplace. The most effective solution
to reduce traffic congestion is adopting intelligent transportation systems that manage the traffic system more
effectively and efficiently. The market in Asia-Pacific is expected to witness the fastest growth with a CAGR of
14.1% during 2015 – 2020. This is due to supportive government initiative, towards the implementation of ITS
across several developing countries in Asia-Pacific.
Browse Report Description with detailed TOC on Global Intelligent Transportation System (ITS) market
at: https://www.psmarketresearch.com/market-analysis/intelligent-transportation-system-market
The increasing environmental pollution is also supporting the growth of the global intelligent transportation system
market. The intelligent transportation system is able to minimize the adverse environmental impacts on human
health. The implementation of intelligent transportation system also leads to improvement in air quality. The
environmental burden of new road infrastructure can be minimized with the help of intelligent transportation
system, which manages the existing road network. Vehicle emissions can be reduced to a great extent by
improving the traffic flow with the use of improved network management techniques, offered through the
intelligent transportation system.
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