India Smart Transportation Market 2033

India Smart Transportation Market Size, Share, Trends and Forecast by Component, Transportation Mode, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30244

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India Smart Transportation Market Overview:

The India smart transportation market size reached USD 10.60 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 23.40 Billion by 2033, exhibiting a growth rate (CAGR) of 8.20% during 2025-2033. Rapid urbanization, increasing demand for efficient public transport, government initiatives for smart cities, advancements in IoT and AI, rising adoption of electric vehicles, improved traffic management solutions, integration of intelligent transport systems, focus on sustainability, development of connected infrastructure, increasing investments in mobility-as-a-service solutions are expanding India smart transportation market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 10.60 Billion
Market Forecast in 2033	USD 23.40 Billion
Market Growth Rate 2025-2033	8.20%

India Smart Transportation Market Trends:

Growing Adoption of AI and IoT in Smart Transportation

The India smart transportation market growth is driven by the rapid integration of Artificial Intelligence (AI) and the Internet of Things (IoT) to enhance operational efficiency and passenger experience. AI-powered traffic management systems are being deployed to optimize traffic flow, reduce congestion, and minimize travel time. IoT-enabled smart sensors are improving vehicle tracking, predictive maintenance, and automated toll collection. For instance, Karnataka government ordered the installation of the Intelligent Transportation System (ITS) for public cars on January 27, 2025, in accordance with AIS-140 criteria. In order to improve passenger safety and lower occurrences like accidents and thefts, this directive mandates that more than 6.5 lakh vehicles, including taxis, school buses, and public transportation, be outfitted with Vehicle Location Tracking (VLT) devices and emergency panic buttons. Over 40,000 vehicles have been equipped with these AIS-140 compatible devices as of December 31, 2024, and operations are managed by a centralized monitoring center located in the RTO Commissioner Building. With government initiatives such as Smart Cities Mission, investments in intelligent transportation solutions are increasing. The growing demand for real-time traffic data, safety enhancements, and environmental sustainability is further accelerating the adoption of AI and IoT in India's transportation sector.

India Smart Transportation Market Size

Expansion of Electric and Connected Mobility

The shift toward electric and connected mobility is a major trend in India’s smart transportation market, driven by sustainability goals and technological advancements. The rapid deployment of electric buses, smart charging infrastructure, and vehicle-to-grid connectivity is transforming urban transit. Public and private partnerships are bolstering investments in EV fleets and shared mobility solutions. For instance, a 2025 industry report stated that due to favorable incentives and rising demand, the country's operational electric vehicle (EV) fleet will exceed 28 million units by 2030. It is anticipated that this expansion will result in a considerable demand for energy from the grid, highlighting the significance of sustainability in the country's transportation industry. By 2030, 83% of yearly EV sales will be electric two-wheelers, 10% will be electric four-wheelers, and 7% will be commercial vehicles, such as trucks, buses, and three-wheelers, according to estimates. The rise of 5G connectivity is also enhancing vehicle communication, improving safety, and enabling smart road infrastructure. Government incentives and policies promoting electric and autonomous mobility are accelerating the transition, making smart and sustainable transportation systems a key focus for urban development in India, which in turn is positively impacting the India smart transportation market outlook.

India Smart Transportation Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on component, transportation mode, and application.

Component Insights:

Solution
- Hybrid Ticketing Management System
- Parking Management and Guidance System
- Integrated Supervision System
- Traffic Management System
- Others
Services
- Business Services
- Professional Services
- Cloud Services

The report has provided a detailed breakup and analysis of the market based on the component. This includes solution (hybrid ticketing management system, parking management and guidance system, integrated supervision system, traffic management system, and others) and services (business services, professional services and cloud services).

Transportation Mode Insights:

Roadways
Railways
Airways
Maritime

A detailed breakup and analysis of the market based on the transportation mode have also been provided in the report. This includes roadways, railways, airways, and maritime.

Application Insights:

Mobility as a Service
Public Transport
Transit Hubs
Connected Cars
Video Management
Others

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes mobility as a service, public transport, transit hubs, connected cars, video management, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Smart Transportation Market News:

1^st March 2025: Tesla, the US electric vehicle giant, has secured a deal to establish its first showroom in India, located in Mumbai's Bandra Kurla Complex, marking a significant step towards its entry into the Indian market.
4^th April 2024: The Indian Institute of Technology Madras (IIT Madras) launched the 'Mobility and Intelligent Transportation' (MInT) collaborative, aiming to build a global mobility digital infrastructure and an R&D portfolio to develop breakthrough mobility solutions and realize the United Nations' Sustainable Development Goals. It seeks to create a digital platform fostering the "Build for India, Solve for the World" goals, defining mobility as a digital public good and serving as a benchmark for standardizing, developing, and deploying mobility tools and services for everyone.

India Smart Transportation Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Component Transportation Mode Application Region
Components Covered	Solution : Hybrid Ticketing Management System, Parking Management and Guidance System, Integrated Supervision System, Traffic Management System, Others Services : Business Services, Professional Services, Cloud Services
Transportations Covered	Roadways, Railways, Airways, Maritime
Applications Covered	Mobility as a Service, Public Transport, Transit Hubs, Connected Cars, Video Management, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India smart transportation market performed so far and how will it perform in the coming years?
What is the breakup of the India smart transportation market on the basis of component?
What is the breakup of the India smart transportation market on the basis of transportation mode?
What is the breakup of the India smart transportation market on the basis of application?
What is the breakup of the India smart transportation market on the basis of region?
What are the various stages in the value chain of the India smart transportation market?
What are the key driving factors and challenges in the India smart transportation market?
What is the structure of the India smart transportation market and who are the key players?
What is the degree of competition in the India smart transportation market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India smart transportation market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India smart transportation market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India smart transportation industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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