India Intelligent Transportation System Market Size, Growth, Share, Competitive Analysis and Future Trends 2027: MarkNtel Advisors

India Intelligent Transportation System Market Report Overview:

According to current research by MarkNtel Advisors the India Intelligent Transportation System Market size is estimated to grow at a CAGR of around 16% during the forecast period, i.e., 2022-27. Data at the geographical levels are included in the report to assist stakeholders in better understanding supply and demand dynamics and how they affect the sector.

Professionals in the industry have conducted a thorough analysis of the Saudi Arabia Prop pants market report, which has been presented in a way that highlights the most important facts. The most up-to-date data on the market is the primary emphasis of the research. It includes several significant topics, such as corporate profiles, mergers and acquisitions, financial status, and feasibility research. It offers thorough details on industry chain analysis, marketing routes, and raw material costs. Stakeholders can learn more about market viability and financial sustainability through this abundance of information available. In addition, it provides a comprehensive picture of the market dynamics by illuminating the strategic actions made by organizations, their profiles, and the entire industry value chain. 

Scope of the report:

Within the market under study, the report looks at the numerous applications, products/services, market value, and production capacity. In addition, it provides a thorough SWOT analysis, a threat and opportunity analysis, and a summary of the leading geographical. Through this, stakeholders may find out more about the market potential for application, diversity of products/services, and market value. In addition, the research offers an evaluation of the opportunities, threats, weaknesses, and strengths, enabling stakeholders to comprehend the market environment and make wise decisions.

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Growth Opportunities in the India Intelligent Transportation System Market

Government Investments Targeting Opportunities Ensuring Enhanced Mobility - As the government is focused on the development of the country's infrastructure, it is laying out numerous projects associated with smart cities, transportation & logistics, among others. It, in turn, is generating growth opportunities for the leading players to bring innovations to the existing ITS and increase their service offerings to cater to the rising needs nationwide.

The government is also making substantial funding for ITS projects, recognizing it as a prominent sector for investment in research & development. Besides, with the swift expansion of the tourism sector, the demand for ITS to exemplify the potential of IoT shall also contribute to the India Intelligent Transportation System Market growth in the future.

Competitive Landscape:

To provide a clear picture of the competitive environment of the studied industry, we conducted a detailed analysis of both the major players and the important small- and medium-sized businesses with significant growth potential. This India Intelligent Transportation System market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore, discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.

• 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

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By identifying the high-growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities.

India Intelligent Transportation System Market Segmentation

-By Mode of Transport

• Roadways
• Airways
• Railways
• Maritime

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.

Besides, numerous ITS like traffic signal control, transit management, electronic toll payment, electronic fare payment, traveler information services, incident management, railroad grade crossing safety, & emergency management services, among others, are witnessing an upsurge in demand for installation across different road network in India, enabling the country to step into becoming advanced in this sector.

-By Component

• Hardware
• Software
• Services

-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.)

-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.)

-By Deployment

• On-Premise
• Cloud

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India Intelligent Transportation System Market Geographical Reach:

-By Region

• North
• South
• East
• West

Key Benefits for Stakeholders:

• To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the India Intelligent Transportation System market analysis from 2022-27.
• Information on the main factors driving the market as well as the obstacles and possibilities are provided.
• The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter's five forces analysis.
• A comprehensive examination of the India Intelligent Transportation System market segmentation aids in identifying the dominant market opportunities.
• The major countries in each area are shown about the revenue they generate for the market.
• Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
• The research analyzes market trends for the India Intelligent Transportation System industry on a scale, as well as the major competitors, market segments, and industry expansion tactics.

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15.98 diverse industrial verticals.

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