MarkNtel Advisors recently published a detailed industry analysis of the India Intelligent Transportation System Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
India Intelligent Transportation System Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
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.
What segments define the India Intelligent Transportation System Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Component
- Hardware
- Sensors
- Interface Boards
- Surveillance Camera
- Monitoring & Detection System
- Telecommunication Network
- Others (Central Control System, Variable Message Signs, etc.)
- Software
- Visualization Software
- Transit Management System
- Video Detection Management Software
- Others (Data Analytics software, Enterprise Resource Planning (ERP), etc.)
- Services
- Professional
- Managed
By Type
- Advanced Public Transportation System (APTS)
- Advanced Traffic Management System (ATMS)
- Advanced Traveler Information System (ATIS)
- Automated Fare Collection Systems
- Automatic Number Plate Recognition Systems (ANPR)
- Others (Cooperative Vehicle Systems, Advanced Rural Transportation System (ARTS), etc.)
According to report, Here, Advanced Traffic Management System (ATMS) is anticipated to contribute substantially to the India Intelligent Transportation System Market during the forecast period. Here, Advanced Traffic Management System (ATMS) is anticipated to contribute substantially to the India Intelligent Transportation System Market during the forecast period. It owes principally to the capabilities of these systems to improve traffic flow & ensure safer mobility of the vehicles, capture real-time traffic data from speed sensors & cameras and take automated action accordingly, among others.
By Application
- Traffic Monitoring & Management
- Freight Management
- Public Transport Management
- Road Tolling System
- Road Safety and Security
- Parking Management
- Others (Automotive Telematics, Environment Protection, etc.)
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By Mode of Transport
- Roadways
- Airways
- Railways
- Maritime
According to report, Here, Here, Road Transport is anticipated to dominate the Intelligent Transportation System Market with the largest share during the forecast period. It owes principally to India being the second largest country in terms of road networks, making it extremely important for the government to install an intelligent transportation system for better road networking. It, in turn, is also generating lucrative opportunities for the leading players to increase their production & distribution capacities and cater to the rising demands.
By Deployment
- On-Premise
- Cloud
Geographical Analysis: India Intelligent Transportation System Market
By Region
- North
- South
- East
- West
Explore the Complete India Intelligent Transportation System Market Analysis Report – https://www.marknteladvisors.com/research-library/india-intelligent-transportation-system-market.html
India Intelligent Transportation System Market Share & Competitive Landscape:
The India Intelligent Transportation System Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the India Intelligent Transportation System Market are:
- 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
Questions Addressed in this Study
1.What factors are driving the India Intelligent Transportation System Market growth?
2.How is the India Intelligent Transportation System Market expected to grow over the next five years?
3.What are the key insights into the current trends in the India Intelligent Transportation System Market?
4.What is the current size of the India Intelligent Transportation System Market, and how is it projected to change in the future?
6.What is the future outlook for the India Intelligent Transportation System Market in terms of technological advancements and market expansion?
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