The Intelligent Transportation System Market research industry size showcases the rapid expansion of global mobility solutions driven by technology and innovation. Governments, enterprises, and research institutions are investing in smart transport to meet the demands of urban growth and environmental sustainability.

The market, valued at USD 28.55 billion in 2024, is set to reach USD 67.26 billion by 2035 with a CAGR of 8.10%. This expansion is a direct reflection of the rising need for efficient, integrated mobility solutions and data-driven traffic management.

ITS research focuses on technologies like vehicle-to-everything (V2X), AI-enabled traffic prediction, and autonomous navigation systems. The collaboration between universities, start-ups, and industry leaders is fueling innovation in connected transport frameworks.

Emerging markets in Asia and Africa are especially dynamic, where research and pilot projects are driving policy development for smart mobility. Meanwhile, Europe and North America continue to focus on scalable urban mobility systems that combine safety and sustainability.

As ITS research continues to evolve, market leaders will leverage data science and AI to create predictive and self-optimizing transport systems that reshape the future of mobility.

More Reports:

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide.