Intelligent Transportation System Market Is Expected to Grow at a CAGR of 11.1% from 2013 to 2019
Intelligent Transportation System (ITS) Market is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1% from 2013 to 2019.The demand of ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only reduces traffic, but also reduces number of accidents and improves quality of life by controlling vehicle emission levels. In addition, these systems reduce financial burden on countries by reducing fuel consumptions...
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