Intelligent Transportation System Market Size, Analysis And Forecasts To 2020:: Hexa Research

Intelligent Transportation System (ITS) market is expected to witness substantial growth over the forecast period. This can be attributed to its ability to enhance performance, reduce accidents, optimize fuel consumption and enable multimodal transport through integration of Information and Communications Technology (ICT). Increasing adoption of ITS to improve safety and reduce road accidents is also expected to significantly drive the intelligent transportation system market. Growing population and rise in number of vehicles has driven the need for effective traffic management.

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