Frost Radar™: Connected Truck Telematics in India, 2022
A Benchmarking System to Spark Companies to Action—Innovation that Fuels New Deal Flow and Growth Pipelines
22-Nov-2022
South Asia, Middle East & North Africa
Frost Radar
MGM0-01-00-00-00
AU02425-SA-MR_27070
India’s telematics market is undergoing a transitional phase, with major growth opportunity awaiting telematics services providers (TSPs), original equipment manufacturer (OEMs), mobility start-ups, network providers, AIS-140 manufacturers, and other related stakeholders. To succeed in this market where fierce competition and aggressive pricing dominate, companies must consider key parameters including local market know-how, multi-channel sales and marketing approaches, and partnership network outreach. Companies also need to position their products as necessary productivity improvement tools rather than as luxury products. This approach will help them get small and medium fleets to adopt fleet management solutions (FMS), thereby increasing these competitors’ market share.
The connected truck telematics ecosystem in India is diverse, with players from totally different core business areas wanting revenue share. Telematics companies, automotive companies, telecom companies, and IT companies are all active in this space and offer telematics solutions and hardware to customers across the country.
Frost & Sullivan’s research indicates that the fragmented and disorganized nature of the logistics and transportation landscape in India is creating a gap in telematics implementation due to a large volume of commercial fleets and the amount of technology needed to support them.
In this Frost Radar™ analysis, Frost & Sullivan has independently plotted 19 important companies who hold about 90% of the Indian connected truck telematics market. The remaining 10% is made of at least 50 smaller and ultra-local companies fragmented across the country. Frost & Sullivan measures each company’s growth rates and absolute revenues in combination with several other factors to map its performance on the Innovation and Growth Indices.
The Frost Radar reveals the market positioning of companies based on their growth and innovation scores as highlighted in the Frost Radar methodology. This Frost Radar also presents competitive profiles of each company based on its strengths, opportunities, growth factors, and innovation capabilities.
Author: Mugundhan Deenadayalan
Strategic Imperative
Growth Environment
Growth Environment (continued)
Frost Radar™: Connected Truck Telematics in India
Frost Radar™: Competitive Environment
Frost Radar™: Competitive Environment (continued)
Arya Omnitalk
Ashok Leyland
Danlaw
Eicher
Fleetx
G-Trac
Intangles Lab
iTriangle Infotech
Letstrack
LocoNav
Mahindra
Microlise
Minda
Pricol Limited
Tata Motors Fleet Edge
Teltonika
Trimble
Uffizio
WheelsEye
Strategic Insights
Significance of Being on the Frost Radar™
Frost Radar™ Empowers the CEO’s Growth Team
Frost Radar™ Empowers Investors
Frost Radar™ Empowers Customers
Frost Radar™ Empowers the Board of Directors
Frost Radar™: Benchmarking Future Growth Potential
Frost Radar™: Benchmarking Future Growth Potential
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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
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Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. -
Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. -
Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. -
Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? -
Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
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INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. -
RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. -
PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. -
MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. -
CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
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GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. -
BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. -
COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. -
CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. -
PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
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