Intelligent Transportation System Market Worth 63.66 Billion USD by 2022, at a CAGR of 8.3%
According to the MarketsandMarkets forecast, the intelligent transportation system (ITS) market size, in terms of value, is expected to grow from USD 36.10 Billion in 2015 to USD 63.66 Billion by 2022, at a CAGR of 8.3% between 2016 and 2022. The major growth drivers for the ITS market include the rising concern for the safety of drivers and pedestrians, increasing allocation of funds by various governments to promote ITS, and growing environmental concerns.
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