MarkNtel Advisors recently published a detailed industry analysis of the India Intelligent Transportation System Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the India Intelligent Transportation System Market (2022-2027)
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.
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.
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What segments define the India Intelligent Transportation System market from 2022- 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.)
-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 Mode of Transport
-Roadways
-Airways
-Railways
-Maritime
-By Deployment
-On-Premise
-Cloud
Explore the Complete India Intelligent Transportation System Market Analysis Report – https://www.marknteladvisors.com/research-library/india-intelligent-transportation-system-market.html
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Who are the leading key players shaping the India Intelligent Transportation System Market landscape?
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.What are the key insights into the current trends in the India Intelligent Transportation System Market?
3.What is the current size of the India Intelligent Transportation System Market, and how is it projected to change in the future?
4.What is the future outlook for the India Intelligent Transportation System Market in terms of technological advancements and market expansion?
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