The Intelligent Transportation System Market forecasts point toward an era of smart, connected, and sustainable mobility. As transportation networks become more digitized, the integration of real-time analytics, automation, and artificial intelligence is revolutionizing how cities and countries manage mobility challenges.

Valued at USD 28.55 billion in 2024, the market is projected to reach USD 67.26 billion by 2035, registering a CAGR of 8.10%. This steady growth is fueled by global smart-city initiatives and government investments in infrastructure modernization.

Forecasts show that next-generation ITS solutions will enable fully autonomous mobility, reduce accidents, and lower carbon emissions. Advanced sensors, connected vehicles, and 5G-based communication are expected to dominate urban transport ecosystems by 2035.

Industries worldwide are moving toward mobility-as-a-service (MaaS), where ITS plays a key role in data exchange and decision-making for users. Public transport agencies are also implementing predictive maintenance and automated traffic management systems to improve efficiency.

Regional forecasts highlight Asia-Pacific as the fastest-growing region due to rapid urbanization and government policies favoring digital mobility. Europe and North America continue to invest in autonomous and EV-friendly infrastructure, driving sustained adoption.

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