India Intelligent Transportation System (ITS) Market By Type (Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Advanced Transportation Pricing System (ATPS), Others), By Applications (Traffic Monitoring & Management, Freight Management, Public Transport Management, Road Tolling System, Parking Management, Others),
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Intelligent Transportation System (ITS) Market By Type (Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Advanced Transportation Pricing System (ATPS), Others), By Applications (Traffic Monitoring & Management, Freight Management, Public Transport Management, Road Tolling System, Parking Management, Others),
The India Intelligent Transportation System Market
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.
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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,
India Intelligent Transportation System Market
Market Players
Major market players in the
Recent Developments
- In January 2023,The UT Administration intends to link theChandigarh Transport Undertaking's (CTU) Intelligent Transportation System(ITS) with Punjab and Haryana for the convenience and safety of passengers.
- In November2021, the Punjab Government, through the Punjab Bus Metro Society (PBMS), hastaken on the job of implementing a Bus Rapid Transit System (BRTS) forAmritsar. PBMS has hired UMTC to handle the design, clearances, bidding, andproject 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) |
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