Product Code: ETC4572325 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India smart transportation market import shipments exhibited significant growth with a CAGR of 10.4% from 2020 to 2024. Momentum accelerated notably between 2023 and 2024, with a growth rate of 58.0%, indicating a robust expansion trend in the market.
Smart transportation encompasses a range of technologies, including traffic management systems, smart cards for public transportation, and intelligent transportation systems (ITS). In India, where urbanization and population growth are straining transportation infrastructure, smart transportation solutions are becoming vital for managing traffic, reducing congestion, and enhancing public transit services.
The India Smart Transportation market is gaining momentum owing to several key drivers. As India faces growing challenges related to urban congestion, pollution, and the need for efficient transportation networks, smart transportation solutions have emerged as a compelling solution. The government`s focus on building smart cities and enhancing the transportation infrastructure has provided a favorable environment for the deployment of technologies like IoT, AI, and data analytics in transportation. Additionally, the growing trend of mobility-as-a-service (MaaS) and the adoption of electric vehicles (EVs) are reshaping the transportation landscape, necessitating the integration of smart and sustainable solutions. These factors, along with the need for reduced traffic congestion and improved road safety, are propelling the growth of the India Smart Transportation market.
A major challenge in the smart transportation market in India is the need for comprehensive urban planning and coordination. Implementing intelligent transportation systems involves cooperation between government agencies, city planners, and technology providers. Ensuring data privacy and cybersecurity is another significant concern.
COVID-19 emphasized the need for efficient and adaptable transportation systems. Investments in smart transportation, such as intelligent traffic management and real-time data analytics, gained momentum to enhance public safety and convenience.
Prominent players in India smart transportation market include Siemens, Cubic Corporation, IBM, Thales Group, and Huawei Technologies.
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 Smart Transportation Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Smart Transportation Market Revenues & Volume, 2021 & 2031F |
3.3 India Smart Transportation Market - Industry Life Cycle |
3.4 India Smart Transportation Market - Porter's Five Forces |
3.5 India Smart Transportation Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 India Smart Transportation Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.7 India Smart Transportation Market Revenues & Volume Share, By Transportation Mode, 2021 & 2031F |
3.8 India Smart Transportation Market Revenues & Volume Share, By Communication Technology, 2021 & 2031F |
3.9 India Smart Transportation Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Smart Transportation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and population growth leading to higher demand for efficient transportation solutions. |
4.2.2 Government initiatives and investments in smart city projects, including transportation infrastructure development. |
4.2.3 Technological advancements in IoT, AI, and data analytics driving the adoption of smart transportation solutions. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with implementing smart transportation systems. |
4.3.2 Lack of interoperability and standardization among different smart transportation technologies. |
4.3.3 Concerns around data privacy and cybersecurity hindering the adoption of smart transportation solutions. |
5 India Smart Transportation Market Trends |
6 India Smart Transportation Market, By Types |
6.1 India Smart Transportation Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 India Smart Transportation Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 India Smart Transportation Market Revenues & Volume, By AVLS, 2021-2031F |
6.1.4 India Smart Transportation Market Revenues & Volume, By TIS, 2021-2031F |
6.1.5 India Smart Transportation Market Revenues & Volume, By EPS, 2021-2031F |
6.1.6 India Smart Transportation Market Revenues & Volume, By & Intelligent Vehicle Initiatives, 2021-2031F |
6.2 India Smart Transportation Market, By Components |
6.2.1 Overview and Analysis |
6.2.2 India Smart Transportation Market Revenues & Volume, By CCTV Camera, 2021-2031F |
6.2.3 India Smart Transportation Market Revenues & Volume, By GPS, 2021-2031F |
6.2.4 India Smart Transportation Market Revenues & Volume, By Display, 2021-2031F |
6.2.5 India Smart Transportation Market Revenues & Volume, By Automated Stop Announcement & Wi-Fi, 2021-2031F |
6.3 India Smart Transportation Market, By Transportation Mode |
6.3.1 Overview and Analysis |
6.3.2 India Smart Transportation Market Revenues & Volume, By Roadway, 2021-2031F |
6.3.3 India Smart Transportation Market Revenues & Volume, By Railway, 2021-2031F |
6.3.4 India Smart Transportation Market Revenues & Volume, By Airway, 2021-2031F |
6.3.5 India Smart Transportation Market Revenues & Volume, By Maritime, 2021-2031F |
6.4 India Smart Transportation Market, By Communication Technology |
6.4.1 Overview and Analysis |
6.4.2 India Smart Transportation Market Revenues & Volume, By Communication Technology in Roadways, 2021-2031F |
6.4.3 India Smart Transportation Market Revenues & Volume, By Communication Technology in Railways, 2021-2031F |
6.4.4 India Smart Transportation Market Revenues & Volume, By Communication Technology in Airways, 2021-2031F |
6.4.5 India Smart Transportation Market Revenues & Volume, By Communication Technology in Maritime, 2021-2031F |
6.5 India Smart Transportation Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 India Smart Transportation Market Revenues & Volume, By Mobility as a Service, 2021-2031F |
6.5.3 India Smart Transportation Market Revenues & Volume, By Route Information and Route Guidance, 2021-2031F |
6.5.4 India Smart Transportation Market Revenues & Volume, By Public Transport, 2021-2031F |
6.5.5 India Smart Transportation Market Revenues & Volume, By Transit Hubs, 2021-2031F |
6.5.6 India Smart Transportation Market Revenues & Volume, By Connected Cars, 2021-2031F |
6.5.7 India Smart Transportation Market Revenues & Volume, By Video Management, 2021-2031F |
7 India Smart Transportation Market Import-Export Trade Statistics |
7.1 India Smart Transportation Market Export to Major Countries |
7.2 India Smart Transportation Market Imports from Major Countries |
8 India Smart Transportation Market Key Performance Indicators |
8.1 Average daily users of smart transportation services. |
8.2 Reduction in average commute time in cities with smart transportation systems. |
8.3 Percentage increase in the use of public transportation due to smart transportation initiatives. |
9 India Smart Transportation Market - Opportunity Assessment |
9.1 India Smart Transportation Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 India Smart Transportation Market Opportunity Assessment, By Components, 2021 & 2031F |
9.3 India Smart Transportation Market Opportunity Assessment, By Transportation Mode, 2021 & 2031F |
9.4 India Smart Transportation Market Opportunity Assessment, By Communication Technology, 2021 & 2031F |
9.5 India Smart Transportation Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Smart Transportation Market - Competitive Landscape |
10.1 India Smart Transportation Market Revenue Share, By Companies, 2024 |
10.2 India Smart Transportation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |