Intelligent Transportation System (ITS) Market Will Rise Due To Increased Need To Reduce Road Accidents
June 17, 2019: The global intelligent transportation system market size is projected to reach USD 51,09 billion by 2025, at a CAGR of 10.5% over the forecast period, according to a new report by Radiant Insights, Inc. Road traffic related deaths have been increasing over the past few years. The usage of ITS to reduce road accidents and to increase safety, in general, is a major driving force for the ITS market. The demand for Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication to enhance the road safety is expected to gain momentum over the next few years. Request a Free Sample Copy of Intelligent Transportation System (ITS) Market Report @ https://www.radiantinsights.com/research/intelligent-transportation-systems-its-market/request-sample An effective transportation system is critical for the socio-economic development of any country. ITS associations estimate that the use of systems, such as the Advanced Traffic Management Systems (ATM...