India Intelligent Transportation System

India Intelligent Transportation System Market Research Report: Forecast (2022-2027)

By Component (Hardware (Sensors, Interface Boards, Surveillance Camera, Monitoring & Detection System, Telecommunication Network, Others (Central Control System, Variable Message Signs, etc.)), Softwa Read more

  • ICT & Electronics
  • Jul 2022
  • 98
  • IT55049

Market Definition

An Intelligent Transportation System (ITS) is an advanced application that aims to provide innovative services associated with different modes of transport & traffic management. These systems allow the users to attain information beforehand and & make safer, more coordinated, & 'smarter' utilization of transport networks.

The concept of ITS encircles a wide range of wireless & conventional communications-based information & electronic technologies, exhibiting essential components like sensors, a processing unit, GPS notification, a communication channel, & traffic prioritization signals. As transportation system is scaling throughout the country, the demand for these systems is observing a positive influence.

Market Insights

The India Intelligent Transportation System Market is projected to grow at a CAGR of around 16% during the forecast period, i.e., 2022-27. The market is driven by the swift improvement in the economic conditions of the people and their inclination toward private ownership of vehicles, becoming a prominent factor behind the rising number of road accidents. It, in turn, is augmenting the demand for Intelligent Transportation systems (ITS) to minimize such possibilities. 

  • For instance, the Ministry for Road Transport & Highways is actively encouraging & supporting the adoption of these systems and launching the first Intelligent Transport System on Eastern Peripheral Expressway at Dasna, Ghaziabad. 

Besides, growing awareness about an enhanced safety mechanism like ITS ensuring safety for the commuters & enriching them with prior traffic information is also fueling its popularity in India. As the system offers accident detection & trigger alerts to ensure the timely arrival of an ambulance within 15 minutes, the installation is growing rigorously across locations. It is also generating growth opportunities for the leading player to increase their development, production, and distribution capacities and cater to the rising needs. 

Report Coverage Details
Study Period Historical Data: 2017-2020
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 16%
Regions Covered North, South, East, West
Key Companies Profiled Schneider Electric India Pvt. Ltd., Tata Group, Siemens India, Urban Mass Transit Company Limited, Mobisoft Infotech LLC, EFKON India Pvt Ltd, Kent Intelligent Transportation Systems India Pvt Ltd, NEC Corporation India Pvt. Ltd., AUM Infotech Pvt Ltd., ATT India, Others
Unit Denominations USD Million/Billion

 

Moreover, several initiatives by the government, like InTranSE, drafting Collaborative Intelligent Transportation Systems Endeavor for Indian Cities (InTranSE) to improve the traffic scenario in India are projecting a wide scope for advanced ITS in the country, contributing to the overall industry growth.

In addition, as the Internet of Things is undergoing constant development and integration into the ITS, it also avails benefits like communication between vehicles by storing & processing sensor data, thereby analyzing it to manage the traffic system properly. Additionally, sectors like railways, roadways, airways, & marine, among others, are the prominent consumers of these systems for automation using IoT & are expanding goods transportation, tracking, & deliveries across locations. 

Furthermore, the growing focus on developing smart cities is also projecting a need for improved & efficient technology for transportation management, upsurging the demand for ITS technology to attain unparalleled experience by converting a broad range of things into intelligent objects. Therefore, a rapid inclination toward data collection related to vehicle efficiency, telematics review, tire wear & tear tracks, and vehicle performance, is anticipated to ramp up the development of IoT in ITS and drive the market through 2027. 

Impact of Covid-19 on the India Intelligent Transportation System Market

The COVID-19 pandemic has been a tremendous national disruption with immense economic, environmental, & social impact throughout the country, where the transportation sector was no exception. With the imposition of lockdown & stringent movement restrictions, the entire transportation industry was put on a temporary halt, which directly impacted the demand for ITS in the country.

However, as the pandemic demonstrated the importance of understanding the connection between the transportation system and its users, the demand for Intelligent Transportation systems escalated amidst the crisis. These systems allowed the users to move across destinations while having information about containment zones & quarantine hotspots. These systems also transmitted video footage of the infected segment to the regulatory bodies, allowing them to analyze the feed & send notifications to the user, suggesting an alternate route.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. India’s Evolution of Transportation Sector, 2017-2022
    1. Key Transportation Regulatory Framework Changes by the Indian Government
    2. Startups & Developments in Intelligent Transportation
  5. Impact of Covid-19 on India Intelligent Transportation System Market
  6. India Intelligent Transportation System Market Trends & Insights
  7. India Intelligent Transportation System Market Dynamics
    1. Drivers
    2. Challenges
  8. India Intelligent Transportation System Market Hotspots & Opportunities
  9. India Intelligent Transportation System Market Government Regulations, Policies & Product Standards, 2017-2022
  10. India Intelligent Transportation System Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
        1. Hardware
          1. Sensors
          2. Interface Boards
          3. Surveillance Camera
          4. Monitoring & Detection System
          5. Telecommunication Network
          6. Others (Central Control System, Variable Message Signs, etc.)
        2. Software
          1. Visualization Software
          2. Transit Management System
          3. Video Detection Management Software
          4. Others (Data Analytics software, Enterprise Resource Planning (ERP), etc.)
        3. Services
          1. Professional
          2. Managed
      2. By Type
        1. Advanced Public Transportation System (APTS)
        2. Advanced Traffic Management System (ATMS)
        3. Advanced Traveler Information System (ATIS)
        4. Automated Fare Collection Systems
        5. Automatic Number Plate Recognition Systems (ANPR)
        6. Others (Cooperative Vehicle Systems, Advanced Rural Transportation System (ARTS), etc.)
      3. By Application
        1. Traffic Monitoring & Management
        2. Freight Management
        3. Public Transport Management
        4. Road Tolling System
        5. Road Safety and Security
        6. Parking Management
        7. Others (Automotive Telematics, Environment Protection, etc.)
      4. By Mode of Transport
        1. Roadways
        2. Airways
        3. Railways
        4. Maritime
      5. By Deployment
        1. On-Premise
        2. Cloud
      6. By Region
        1. North
        2. South
        3. East
        4. West
      7. By Company
        1. Competition Characteristics
        2. Revenue Shares
  11. India Intelligent Transportation System Market Key Strategic Imperatives for Success & Growth
  12. Competitive Outlook
    1. Competition Matrix
      1. Application Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Applications
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles ((Business Description, Application Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Schneider Electric India Pvt. Ltd.
      2. Tata Group
      3. Siemens India
      4. Urban Mass Transit Company Limited
      5. Mobisoft Infotech LLC
      6. EFKON India Pvt Ltd
      7. Kent Intelligent Transportation Systems India Pvt Ltd
      8. NEC Corporation India Pvt. Ltd.
      9. AUM Infotech Pvt Ltd.
      10. ATT India
      11. Others
  13. Disclaimer
India Intelligent Transportation System Market - Segmentation
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