The Global Intelligent Transportation Systems Market Is Estimated To Account For Us$ 74.3 Bn In Terms Of Value By The End Of 2027.
The rapid growth of emerging and developed countries' populations and megacities has accelerated the deployment of intelligent transportation systems. This system primarily consists of a complete technological overhaul, including dedicated short-range communication (DSRC), carrier access for land mobiles (CALM), and GPS. Microwave detectors, CCTV cameras, advanced traveller information systems (ATISs), and dynamic message signs are all used in the implementation of intelligent transportation systems (DMS). It also includes highway advisory radio (HAR), as well as other factors such as mobile data terminals (MDTs), which are an important component of transit fleet management systems. All of this results in massive investments, which are expected to drive the intelligent transportation systems market growth during the forecast period. Microwave detectors, CCTV cameras, advanced traveller information systems (ATISs), and dynamic message signs are all used in the implementation of