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Market Estimation and Growth Outlook for the Intelligent Transportation System Market
The Intelligent Transportation System Market estimation highlights the accelerated shift toward digitally enabled transport networks. As cities expand and mobility demands intensify, governments and businesses are prioritizing intelligent transport solutions to ensure efficiency and sustainability.
With a valuation of USD 28.55 billion in 2024, the market is expected to reach USD 67.26 billion by 2035, recording a CAGR of 8.10%. Estimation models suggest continued expansion driven by the integration of IoT devices, real-time data platforms, and autonomous vehicle technologies.
These technologies enable optimized traffic flows, faster incident response, and improved fuel efficiency. Additionally, governments are implementing data-centric policies and regulatory frameworks to support ITS adoption.
Leading manufacturers and service providers are investing in R&D to refine AI-driven decision systems, sensor integration, and predictive analytics tools. Such developments are paving the way for smart corridors, connected freight, and automated urban transport infrastructure.
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