Intelligent Transportation System Market Size, Share, Leading Players, and Analysis up to 2028

An Intelligent Transportation System (ITS) is referred to as a system that comprises road transport and an efficient metro/underground rail system. ITS includes the revamp of overall technological aspects such as Carrier Access for Land Mobiles (CALM), GPS, Dedicated Short Range Communication (DSRC), etc. The intelligent transportation system market is estimated to grow from USD 52 billion in 2023 and is likely to grow at a CAGR of 8.37% during 2023-2028 to reach USD 77.74 billion by 2028.