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Intelligent Transportation System (ITS) Market Share, Size,
Analysis, Growth, Trends and Forecasts to 2020 | Hexa Research
" Intelligent Transportation System (ITS) market is
expected to witness substantial growth over the
forecast period."
Global Intelligent Transportation System (ITS) Market is estimated to attain USD 38.68 billion by 2020, as per a
new research report by HexaResearch. Cost effectiveness along with escalating need for road safety is likely to
boost global demand.
ATMS was the leading product segment and was valued USD 7,366.5 million in 2014. It is expected to witness
significant gains, with estimate of USD 15,050.8 million by 2020 at a CAGR of 12.6% during the forecast period.
It is used to minimize congestion and ensure proficient use of road space. ATPS was valued at USD 5,031 million
in 2014, and is projected to attain USD 10,748.6 million by 2020, at an estimated CAGR of 13.5% over the next
six years.
The system improves the supply chain course and yield high cost ratio. Increasing adoption of intelligent
transportation system in emerging countries such as Russia, India, Brazil, South Africa and China has offered
several economic advantages. It helps the consumers in reducing the overall fuel utilization and tr avel time by
avoiding overcrowded routes or traffics. Need for interoperability is likely to create challenge to industry
participants. However, transportation authorities, governments and ITS services providers have been actively
working together to improve overall interoperability.
Browse Details of Report @ https://www.hexaresearch.com/research-report/intelligent-transportation-
system-its-industry
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