The Intelligent Transportation System Market size reflects the growing importance of smart mobility solutions in urban infrastructure planning. As the world experiences rapid population growth and vehicle ownership, traffic congestion and pollution have reached critical levels, calling for intelligent management systems.

Valued at USD 28.55 billion in 2024, the market is forecasted to reach USD 67.26 billion by 2035, recording an 8.10% CAGR. The rise of connected vehicles, IoT-enabled systems, and AI-based analytics has dramatically reshaped how governments and transport operators monitor and control mobility networks.

ITS technologies are transforming highways, public transit, and logistics through adaptive traffic control, electronic toll collection, and real-time route optimization. These innovations significantly reduce fuel consumption, enhance safety, and support environmental sustainability goals.

Asia-Pacific leads future growth prospects as nations like India and China invest heavily in smart city frameworks. Similarly, Europe and North America are focusing on integrating autonomous and electric vehicle systems into their ITS infrastructure.

More Reports:

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide.