Report Description

The India Intelligent Transportation System Market is anticipated to grow at a high CAGR in the forecast period of 2024-2028. An Intelligent Transportation System (ITS) is a technical application that strives to deliver novel services related to various forms of transportation and traffic management. These technologies let users to obtain information ahead of time and make safer, more coordinated, and ‘smarter' use of transportation networks. ITS implementation for cities, in essence, provides a highly competent and automated transit management platform that might open the way for such technologies to be used to improve service delivery standards and operational efficiency.

The term "ITS" refers to a broad variety of wireless and traditional communications-based information and electronic technologies that include fundamental components such as sensors, a processing unit, GPS notification, a communication channel, and traffic priority signals. The need for transportation systems is increasing as the country's transportation system expands.

The market is being propelled by the rapid improvement in people's economic situations and their preference for private car ownership, which is becoming a major factor in the growing number of road accidents. As a result, the need for Intelligent Transportation Systems (ITS) to mitigate such risks is increasing.

Rising Government Investment in Intelligent Transportation Systems Will Drive Market

The government's support and financing for intelligent transportation system planning, design, and implementation are expected to boost the market for intelligent transportation systems (ITS). Many state governments are collaborating with commercial partners and investing in ITS infrastructure to relieve traffic congestion. Intelligent transportation service companies also help the government by providing guidance on how to integrate ITS into the transportation system.

The government is also providing significant financing for ITS initiatives, identifying it as an important area for R&D investment. Furthermore, with the rapid expansion of the tourist industry, the need for ITS to demonstrate the potential of IoT would contribute to the growth of the India Intelligent Transportation System System Market in the future.

Rising traffic congestion would propel market growth.

In India, road traffic congestion is a significant problem that results in considerable economic losses. The country has witnessed a rapid increase in the number of vehicles on the road, while infrastructure expansion has not kept pace. This has resulted in severe traffic congestion, particularly in urban areas, leading to delays and decreased productivity. To address this issue, India has implemented several intelligent transportation systems, such as electronic toll collection, traffic management systems, and intelligent traffic signals. These systems aim to improve traffic flow and minimize congestion by using advanced technologies like wireless communication, real-time traffic monitoring, and predictive analytics.

The Indian government has also launched several initiatives to encourage the adoption of electric vehicles and public transportation systems, such as metro rail and bus rapid transit systems, to reduce the number of vehicles on the road.

Despite these efforts, traffic congestion remains a significant challenge in India. The country needs to continue investing in its transportation infrastructure and adopt innovative technologies to reduce traffic congestion and improve road safety.

The first hurdle is the developing digital and data culture in the sector. Regardless of the dangers, organizations that do not innovate will fail. This will impede Indian Intelligent Transportation System firms from growing and succeeding. As a result, growth and productivity in the industry will continue to suffer. Because of the increased entry of venture capital and entrepreneurs into this industry, innovators and entrepreneurs will shift to other industries, restricting the growth of the Intelligent Transportation System market.


Download Free Sample Report

Market Segments

India Intelligent Transportation System Market is divided into Type, Applications, Deployment, Region and Competitive Landscape. Based on Type, the market is divided into Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Advanced Transportation Pricing System (ATPS), Others. Based on Applications, the market is divided into Traffic Monitoring & Management, Freight Management, Public Transport Management, Road Tolling System, Parking Management, Others Based on Deployment, the market is divided into On-Premises and Cloud.

 

India Intelligent Transportation System Market stood at USD XX million in 2022 and is likely to register a CAGR of XX% in the forecast period.

 

Market Players

Major market players in the India Intelligent Transportation System Market are Tata Group, Schneider Electric India Pvt. Ltd, Mobisoft Infotech LLC, AUM Infotech Pvt Ltd, Urban Mass Transit Company Limited, Siemens India, Kent Intelligent Transportation Systems India Pvt Ltd, Urban Mass Transit Company Limited, Proptiger.com and Infra.Market.

Recent Developments

  • In January 2023, The UT Administration intends to link the Chandigarh Transport Undertaking's (CTU) Intelligent Transportation System (ITS) with Punjab and Haryana for the convenience and safety of passengers.
  • In November 2021, the Punjab Government, through the Punjab Bus Metro Society (PBMS), has taken on the job of implementing a Bus Rapid Transit System (BRTS) for Amritsar. PBMS has hired UMTC to handle the design, clearances, bidding, and project management for the full implementation of BRTS in Amritsar.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Type

Applications

Deployment

Regional scope

North India, South India, West India, East India

Key companies profiled

Tata Group, Siemens India, Urban Mass Transit Company Limited, Schneider Electric India Pvt. Ltd, Urban Mass Transit Company Limited, Mobisoft Infotech LLC, Kent Intelligent Transportation Systems India Pvt Ltd, NEC Corporation India Pvt. Ltd, AUM Infotech Pvt Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, India Intelligent Transportation System Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

              ·         India Intelligent Transportation System Market, By Type:

o   Advanced Traffic Management System (ATMS)

o   Advanced Traveler Information System (ATIS)

o   Advanced Public Transportation System (APTS)

o   Advanced Transportation Pricing System (ATPS)

o   Others

  • India Intelligent Transportation System Market, By Applications:

o   Traffic Monitoring & Management

o   Freight Management

o   Public Transport Management

o   Road Tolling System

o   Parking Management

o   Others

  • India Intelligent Transportation System Market, By Deployment:

o   On-Premises

o   Cloud

             ·         India Intelligent Transportation System Market, By Region:

o   North India

o   South India

o   West India

o   East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Intelligent Transportation System Market

Available Customizations:

India Intelligent Transportation System TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Intelligent Transportation System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7. Assumptions and Limitations

3.    Impact of COVID-19 on India Intelligent Transportation System Market

4.    Executive Summary

5.    Voice of Customers

5.1.        Awareness of Intelligent Transportation System Service

5.2.        Major Applications of Intelligent Transportation System Service

5.3.        Key Benefits of Intelligent Transportation System Service

5.4.        Key Vendor Selection Parameter

5.5.        Major Challenges in Intelligent Transportation System Service Adoption

5.6.        Key Vendor Challenges

6.    India Intelligent Transportation System Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Advanced Transportation Pricing System (ATPS), Others)

6.2.2.    By Applications (Traffic Monitoring & Management, Freight Management, Public Transport Management, Road Tolling System, Parking Management, Others)

6.2.3.    By Deployment (On-Premises, Cloud)

6.2.4.    By Region (North India, South India, West India, East India)

6.2.5.    By Company (2022)

6.3.  Market Map

7.    North India Intelligent Transportation System Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Applications

7.2.2.    By Deployment

7.2.3.    By Type

8.    South India Intelligent Transportation System Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Applications

8.2.2.    By Deployment

8.2.3.    By Type

9.    West India Intelligent Transportation System Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Applications

9.2.2.    By Deployment

9.2.3.    By Type

10. East India Intelligent Transportation System Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Applications

10.2.2. By Deployment

10.2.3. By Type

11. Market Dynamics

11.1.     Drivers

11.1.1. Opportunities for Government Investment Providing Increased Mobility.

11.1.2. AI and VR advancements will usher in revolutionary changes in ITS technologies.

11.1.3. The increased value of long-term assets Intelligent Transportation System is a solution Rising traffic congestion would propel market growth.

11.2.     Challenges

11.2.1. Some emerging economies' financial crises would limit technology adoption.

11.2.2. Numerous initiatives related to smart cities, transportation, and logistics are included.

12. Market Trends & Developments

12.1.        Construction of Expressways and Smart highways in the state.

12.2.        Due to opportunities, significant internet penetration, and a surge in middle- and upper-income families.

12.3.        Due to favorable government laws, promoting ITS will provide safe and secure roads in the region.

12.4.        Enhancing driver assistance and warning system.

12.5.        Utilization of technology by private firm.

13. Porter’s Five Forces

14. Policy & Regulatory Landscape

15. India Economic Profile

16. Company Profiles

16.1.               Tata Group

16.1.1.   Business Overview

16.1.2.   Key Revenue and Financials (If available)

16.1.3.   Recent Developments

16.1.4.   Key Personnel

16.1.5.   Key Product/Services

16.2.               Schneider Electric India Pvt. Ltd

16.2.1.   Business Overview

16.2.2.   Key Revenue and Financials (If available)

16.2.3.   Recent Developments

16.2.4.   Key Personnel

16.2.5.   Key Product/Services

16.3.               Mobisoft Infotech LLC

16.3.1.   Business Overview

16.3.2.   Key Revenue and Financials (If available)

16.3.3.   Recent Developments

16.3.4.   Key Personnel

16.3.5.   Key Product/Services

16.4.               Kent Intelligent Transportation Systems India Pvt Ltd

16.4.1.   Business Overview

16.4.2.   Key Revenue and Financials (If available)

16.4.3.   Recent Developments

16.4.4.   Key Personnel

16.4.5.   Key Product/Services

16.5.               NEC Corporation India Pvt. Ltd

16.5.1.   Business Overview

16.5.2.   Key Revenue and Financials (If available)

16.5.3.   Recent Developments

16.5.4.   Key Personnel

16.5.5.   Key Product/Services

16.6.               Proptiger.com

16.6.1.   Business Overview

16.6.2.   Key Revenue and Financials (If available)

16.6.3.   Recent Developments

16.6.4.   Key Personnel

16.6.5.   Key Product/Services

16.7.               Siemens India

16.7.1.   Business Overview

16.7.2.   Key Revenue and Financials (If available)

16.7.3.   Recent Developments

16.7.4.   Key Personnel

16.7.5.   Key Product/Services

16.8.               Urban Mass Transit Company Limited

16.8.1.   Business Overview

16.8.2.   Key Revenue and Financials (If available)

16.8.3.   Recent Developments

16.8.4.   Key Personnel

16.8.5.   Key Product/Services

16.9.               AUM Infotech Pvt Ltd

16.9.1.   Business Overview

16.9.2.   Key Revenue and Financials (If available)

16.9.3.   Recent Developments

16.9.4.   Key Personnel

16.9.5.   Key Product/Services

16.10.            Urban Mass Transit Company Limited

16.10.1.   Business Overview

16.10.2.   Key Revenue and Financials (If available)

16.10.3.   Recent Developments

16.10.4.   Key Personnel

16.10.5.   Key Product/Service

17. Strategic Recommendations

17.1.               Intelligent Transportation System industry could prevent severe road accidents in expressway and highways.

17.2.               Traffic efficiency should be enhanced.

18. About Us & Disclaimer

Note: India Intelligent Transportation System Market for any year represents the market during the period i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023.

Figures and Tables

Frequently asked questions

down-arrow

Main market players in the market are Tata Group, Siemens India, Schneider Electric India Pvt. Ltd, Mobisoft Infotech LLC, Kent Intelligent Transportation Systems India Pvt Ltd, AUM Infotech Pvt Ltd, Urban Mass Transit Company Limited, NEC Corporation India Pvt. Ltd and Urban Mass Transit Company Limited.

down-arrow

Possibilities for Government Investment Offering Greater Mobility, as well as AI and VR advances, are the primary factors driving the India Intelligent Transportation System Market.

down-arrow

The North India region is anticipated to see rapid CAGR growth between 2024 and 2028.

down-arrow

Intelligent Transportation Systems (ITS) are a set of cutting-edge information and communication technologies that are used in transportation and traffic management systems to improve the safety, efficiency, and sustainability of transportation networks, as well as to reduce traffic congestion and improve drivers' experiences.