India Intelligent Transportation System Market Overview, 2029

India Intelligent Transportation System Market Overview, 2029

The Intelligent Transportation Systems (ITS) market in India is relatively new, gaining traction in the early 2000s with pilot projects launched in key cities. Since then, it has grown steadily, fuelled mostly by rising traffic congestion, an increase in road accidents, and government initiatives such as the Smart Cities Mission. This development trajectory implies a surge in demand for novel mobility options as urbanisation accelerates, smartphone penetration deepens, and the middle class grows, demonstrating a preference for personal vehicles. As a result, there is a significant increase in connected automobiles, intelligent traffic management systems, and advanced public transportation solutions to solve the growing mobility concerns. The government has allocated 50,000 crore to construct intelligent transport systems in key cities, indicating a commitment to modernization and efficiency increase. Furthermore, various state governments have launched projects to install ITS solutions, such as smart traffic management systems and automatic vehicle identification (AVI) technology. Furthermore, the growing emphasis on electric vehicles and connected auto technologies is creating new opportunities for companies in the ITS sector, indicating a paradigm shift toward sustainable and networked transportation.

According to the research report ""India Intelligent Transport System Market Research Report, 2029,"" published by Actual Market Research, the India Intelligent Transport System market is predicted to grow with more than 12% CAGR from 2023 to 2029. The Indian government's emphasis on smart cities, supported by programs such as the Make in India campaign and incentives for private sector participation, creates an attractive environment for Intelligent Transport Systems (ITS) operators. These projects not only emphasise the significance of updating transportation infrastructure, but also represent a substantial move toward environmentally friendly and technologically innovative alternatives. Trade shows, such as the India Auto Expo, play an important part in this ecosystem by allowing ITS businesses to showcase their innovations and interact with potential clients and stakeholders .India faces severe obstacles due to traffic congestion, limited road infrastructure, and inefficiencies in public transportation systems. These difficulties contribute considerably to longer travel times, increased fuel consumption, and an alarming rise in road accidents. Addressing these concerns becomes critical to improving overall transportation efficiency and commuter safety. On the policy and regulatory front, the government is critical in driving the use of ITS solutions. Initiatives like the National ITS Policy, which was launched in 2016, and financial support for smart city initiatives demonstrate the state's commitment to updating transportation infrastructure. However, despite these proactive actions, legislative impediments remain, including worries about data privacy and a lack of standards in the ITS domain.

Comvision offers an Advanced/Highway Traffic Management System (ATMS/HTMS), a comprehensive solution leveraging cutting-edge technologies to optimise traffic flow on highways, alleviate congestion, monitor incidents, and enhance driver safety. Advanced Traveler Information Systems (ATIS) gather, analyse, and present information to aid travellers in navigating from their origin to destination. Advanced Public Transportation Systems (APTS) encompass advanced navigation and communication technologies enhancing safety, reliability, and convenience in public transportation, providing timely transit information to passengers through Information and Communication Technology (ICT) solutions. Emergency Medical Services (EMS) deliver emergency medical care to individuals with severe illnesses or injuries, commonly referred to as ambulance or paramedic services. Commercial Vehicle Operations (CVO) deploy Intelligent Transportation Systems (ITS) in trucking operations, managing freight and passenger transport and regulatory activities. Automatic Number Plate Recognition (ANPR) utilises computer vision and image processing to automatically scan and identify vehicle licence plates, employing optical character recognition (OCR) and video analytics for data capture. Modes of transportation include roadways, railways, airways, and marine routes, each presenting unique challenges and opportunities for ITS implementation. Components of ITS encompass hardware, software, and services, essential for the seamless integration and operation of intelligent transportation solutions across diverse infrastructures and environments.

In terms of pricing and segmentation, the ITS market in India serves a wide range of customers, including road users, public transportation bodies, and government agencies. Pricing structures vary depending on the specific solution provided, the underlying technology used, and the size of the project. However, as the market matures, it is expected that the average selling price (ASP) of ITS solutions would fall as a result of increased competition and economies of scale. India's booming electronics manufacturing industry offers a potential environment for the development of hardware components critical to Intelligent Transportation Systems (ITS) solutions. Despite significant expansion, the reliance on imported components for key technologies remains an issue. This dependence emphasises the significance of increasing indigenous production capacity and decreasing reliance on external sources. Efforts to enhance local supply chains and encourage domestic manufacturing can reduce such reliance, resulting in a more resilient and self-sufficient ecosystem for ITS development.

The COVID-19 pandemic originally caused issues for ITS projects, affecting supply chains and incurring project delays. However, it emphasised the crucial role of sustainable and efficient transportation infrastructure in providing societal resilience and continuity during crises. This awareness has revived interest and pushed attempts to develop smart mobility solutions. As the world recovers, the renewed emphasis on ITS highlights its critical role in developing robust and future-ready transportation infrastructures, supporting innovation and long-term growth in the post-pandemic period. In comparison to wealthy countries, India's ITS market is still in its infancy. However, rapid improvements, combined with major government attention, are moving the country toward becoming an important participant in the Asia-Pacific region. With supporting regulations, strategic investments, and a thriving IT ecosystem, India is well-positioned to capitalise on its potential, utilising its massive market size and increasing urbanisation to drive innovation and adoption in the ITS industry. Collaborative activities with regional peers can help to accelerate this growth trajectory by encouraging cross-border partnerships and knowledge exchange to drive collective success in smart mobility solutions.
Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Intelligent Transportation market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Advanced Traffic Management Systems (ATMS)
• Advanced Traveller Information Systems (ATIS)
• Advanced Transportation Pricing Systems (ATPS)
• Advanced Public Transportation Systems (APTS)
• Emergency Medical Systems (EMS)
• Commercial Vehicle Operation (CVO)
• Automatic Number Plate Recognition (ANPR)

By Mode of Transportation
• Roadways (Traffic management, Road safety, Parking management, Freight management, Automotive Telematics, Others (Ticketing Management, Emergency Vehicle Notification, Environment Protection, etc.)
• Railways (Rail-running Operation and Collision Avoidance, Passenger Information Management, Smart Ticketing, Security Surveillance, Emergency Notification, Others)
• Airways (Security & Surveillance, Shuttle Bus Tracking, Traveller Information Management, Smart Ticketing, Aircraft Management, Emergency Notification, Others)
• Marine (Freight Arrival & Transit, Real-time Weather Information Tracking, Container Movement Scheduling, Emergency Notification, Others)

By Component
• Hardware (Interface Boards, Sensors, Surveillance Cameras, Telecommunication Networks, Monitoring and Detection Systems, Others (Linked traffic controller & Variable message signboard))
• Software (Visualization Software, Video Detection Management Software, Transit Management Software, Others)
• Services (Business and Cloud Services and Support and Maintenance Services)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Intelligent Transportation industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Intelligent Transportation market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Advanced Traffic Management Systems (ATMS)
• Advanced Traveller Information Systems (ATIS)
• Advanced Transportation Pricing Systems (ATPS)
• Advanced Public Transportation Systems (APTS)
• Emergency Medical Systems (EMS)
• Commercial Vehicle Operation (CVO)
• Automatic Number Plate Recognition (ANPR)

By Mode of Transportation
• Roadways (Traffic management, Road safety, Parking management, Freight management, Automotive Telematics, Others (Ticketing Management, Emergency Vehicle Notification, Environment Protection, etc.)
• Railways (Rail-running Operation and Collision Avoidance, Passenger Information Management, Smart Ticketing, Security Surveillance, Emergency Notification, Others)
• Airways (Security & Surveillance, Shuttle Bus Tracking, Traveller Information Management, Smart Ticketing, Aircraft Management, Emergency Notification, Others)
• Marine (Freight Arrival & Transit, Real-time Weather Information Tracking, Container Movement Scheduling, Emergency Notification, Others)

By Component
• Hardware (Interface Boards, Sensors, Surveillance Cameras, Telecommunication Networks, Monitoring and Detection Systems, Others (Linked traffic controller & Variable message signboard))
• Software (Visualization Software, Video Detection Management Software, Transit Management Software, Others)
• Services (Business and Cloud Services and Support and Maintenance Services)

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Intelligent Transportation industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.