A new report from Transparency Market Research estimates that the global market for ITS, with demand coming from all countries worldwide, will grow with a double digit CAGR estimated around 12.4 per cent during 2012–2018. The application of ITS is not limited to just road transport, but has widespread applications across verticals such as military, rail, and air transport as well. Currently, the demand of ITS is mainly driven by the road transport sector, due to growing population and consequent sharp rise