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Smart Mobility Overview of the Intelligent Transport Systems market
The swell of the middle class has driven the increased use of vehicles, whether personal cars or shared mobility options. With that rise in traffic, the needs to control traffic flow and increase safety are major factors for governments worldwide. That's where Intelligent Transport Systems (ITS) come into play, and it's a rapidly growing market. Here's where the market is right now, and where it's headed.
Intelligent Transport Systems, or ITS, have accelerated in popularity for smart cities and conservative communities alike, albeit at different paces. ITS refers to advanced technologies applied to vehicles, infrastructure, and control systems that lead to connected or intelligent mobility.
The ITS market is still in a relatively fledgling state, but it is predicted to grow in the coming years.