“Integration of AI and IoT in Traffic Management”
- A prominent trend in the Intelligent Transport System market is the increasing integration of AI and IoT for real-time traffic management, with the AI-driven ITS segment projected to grow at a CAGR of 12.0% during the forecast period.
- The Hardware segment is estimated to hold the highest market share of 45.0% in 2025, owing to the demand for sensors, cameras, and communication devices for ITS infrastructure.
- For instance, in January 2024, the UK implemented a multimodal ticketing project using IoT-based ITS, improving public transport efficiency by 10%.
- This trend is driving demand for scalable, real-time solutions in urban mobility and smart city applications.
