India Intelligent Transportation System Market Report Overview:
According to the latest market study by MarkNtel Advisors titled “India Intelligent Transportation System Market Size, Share, Trends, Growth, Opportunity Analysis 2022-2027” presents a thorough examination of market drivers, opportunities and challenges.
Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.
India Intelligent Transportation System Market Insight:
The India Intelligent Transportation System Market is projected to grow at a CAGR of around 16% during the forecast period, i.e., 2022-27.
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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 offering 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.
Competitor Insight: India Intelligent Transportation System Market
This report focuses on major market participants like:
- 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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Segmentation Summary: India Intelligent Transportation System Market
This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the India Intelligent Transportation System Market, with notable highlighting on:
-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.
-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
India Intelligent Transportation System Market Geographical Reach:
- North
- South
- East
- West
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Key Questions Addressed:
- Factors Driving Market Growth: Understand the primary drivers propelling the India Intelligent Transportation System market forward.
- Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
- Growth Projections: Gain insights into anticipated growth projections for the coming years.
- Geographical Hotspots: Identify geographical poised for significant market growth soon.
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