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Global intelligent transportation system market illuminated by new report

This growth in urban population along with rising number of demand for better transportation networks. In the last two decades, both developed and developing countries faced increasing traffic congestions.

The market for passenger cars is expected to show good growth during the forecast period Make an Inquiry about this news. The passenger car vehicle type segment in the global brake components market is estimated to account for more than 70% value share in 2017 and is expected to gain more than 200 basis points to reach approximately 74% value share by 2027.

This gain can be attributed to an increase in the production and sales of passenger vehicles in developing countries and increasing vehicle parc across the world. The passenger car segment is projected to increase at Y-o-Y growth rates ranging from 3.7% to 4.7% during the forecast period.