The Intelligent Transportation Systems (ITS) market is on the brink of significant expansion, projected to soar from $48.61 billion in 2024 to $170.94 billion by 2034. This growth is primarily fueled by urbanization, a rising number of road accidents, and substantial government investments.
The integration of autonomous vehicles and the development of smart cities are pivotal trends driving this evolution. Additionally, advancements in Vehicle-to-Everything (V2X) communications are set to enhance safety and connectivity in transportation.
As the automotive industry embraces connected vehicles and 5G technology, the market is poised for unprecedented growth. Other sectors, such as space traffic management, are also expanding due to increased launch activities and satellite communication needs.
The intersection of innovation and necessity shapes the future of intelligent transportation.
infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand
