Product Code: ETC4459585 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India intelligent transport system (ITS) market import shipment demonstrated a steady growth trend from 2020 to 2024, with a notable CAGR of 10.4%. The market experienced a significant surge in growth between 2023 and 2024, with a growth rate of 58.0%, indicating a strong momentum and expansion in the industry.
The India Intelligent Transport System (ITS) market is evolving rapidly to address the challenges associated with urbanization and transportation congestion. ITS integrates advanced technologies to optimize traffic management, improve safety, and enhance overall transportation efficiency. Solutions such as traffic signal control, real-time traffic information systems, and electronic toll collection are becoming increasingly prevalent as cities seek to enhance their transportation infrastructure.
The intelligent transport system (ITS) market in India is expanding due to the growing need for efficient and sustainable transportation solutions. Traffic congestion, pollution, and road safety concerns are driving the adoption of ITS. The market benefits from advancements in vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) communication, as well as the integration of smart sensors and AI for traffic management. Government initiatives for smart cities and the development of intelligent transportation networks further contribute to market growth.
The ITS market in India faces challenges related to infrastructure development and interagency coordination. Implementing ITS systems often requires substantial infrastructure investments, and coordination among multiple agencies responsible for transportation and traffic management is essential. Additionally, addressing traffic congestion and improving transportation efficiency while ensuring safety and regulatory compliance poses a complex challenge.
The pandemic had a noticeable impact on the India Intelligent Transport System (ITS) Market. With lockdowns and restrictions on movement, the usage of public transportation decreased, affecting the demand for ITS solutions. However, the crisis also highlighted the need for better traffic management, safety, and reduced congestion. As cities reevaluate their transportation infrastructure, the market is expected to rebound with a stronger focus on smart and efficient transport systems.
The India ITS market sees active participation from companies such as Siemens AG, Cubic Corporation, Kapsch TrafficCom, and Thales Group. These organizations specialize in delivering cutting-edge solutions for traffic management, smart transportation systems, and intelligent infrastructure that support India?s evolving transportation needs.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Intelligent Transport System (ITS) Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Intelligent Transport System (ITS) Market Revenues & Volume, 2021 & 2031F |
3.3 India Intelligent Transport System (ITS) Market - Industry Life Cycle |
3.4 India Intelligent Transport System (ITS) Market - Porter's Five Forces |
3.5 India Intelligent Transport System (ITS) Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Intelligent Transport System (ITS) Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 India Intelligent Transport System (ITS) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives and investments in smart city development projects |
4.2.2 Increasing urbanization leading to higher demand for efficient transportation solutions |
4.2.3 Growing focus on reducing traffic congestion and enhancing road safety |
4.3 Market Restraints |
4.3.1 High initial investment costs for implementing intelligent transport systems |
4.3.2 Lack of standardized regulations and interoperability among different ITS solutions |
4.3.3 Concerns regarding data privacy and cybersecurity risks |
5 India Intelligent Transport System (ITS) Market Trends |
6 India Intelligent Transport System (ITS) Market, By Types |
6.1 India Intelligent Transport System (ITS) Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Intelligent Transport System (ITS) Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Intelligent Transport System (ITS) Market Revenues & Volume, By Intelligent Urban Traffic Management Systems, 2021-2031F |
6.1.4 India Intelligent Transport System (ITS) Market Revenues & Volume, By Highway Traffic Management, 2021-2031F |
6.1.5 India Intelligent Transport System (ITS) Market Revenues & Volume, By Intelligent Car Parking Management Systems (Smart Parking), 2021-2031F |
6.1.6 India Intelligent Transport System (ITS) Market Revenues & Volume, By Fleet Management and Asset Monitoring, 2021-2031F |
6.1.7 India Intelligent Transport System (ITS) Market Revenues & Volume, By Collision Avoidance Systems, 2021-2031F |
6.1.8 India Intelligent Transport System (ITS) Market Revenues & Volume, By Advanced Traveler Information Systems, 2021-2031F |
6.2 India Intelligent Transport System (ITS) Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 India Intelligent Transport System (ITS) Market Revenues & Volume, By Hardware, 2021-2031F |
6.2.3 India Intelligent Transport System (ITS) Market Revenues & Volume, By Software, 2021-2031F |
6.2.4 India Intelligent Transport System (ITS) Market Revenues & Volume, By Services, 2021-2031F |
7 India Intelligent Transport System (ITS) Market Import-Export Trade Statistics |
7.1 India Intelligent Transport System (ITS) Market Export to Major Countries |
7.2 India Intelligent Transport System (ITS) Market Imports from Major Countries |
8 India Intelligent Transport System (ITS) Market Key Performance Indicators |
8.1 Average daily vehicle traffic managed by ITS solutions |
8.2 Reduction in average commute time in cities where ITS is implemented |
8.3 Number of road accidents prevented or reduced due to ITS implementation |
9 India Intelligent Transport System (ITS) Market - Opportunity Assessment |
9.1 India Intelligent Transport System (ITS) Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Intelligent Transport System (ITS) Market Opportunity Assessment, By Component, 2021 & 2031F |
10 India Intelligent Transport System (ITS) Market - Competitive Landscape |
10.1 India Intelligent Transport System (ITS) Market Revenue Share, By Companies, 2024 |
10.2 India Intelligent Transport System (ITS) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |