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Growth Opportunities in the Indian Connected Truck Telematics Market
The High-performing Indian Economy and Strong Government Support will Nurture Commercial Vehicle Telematics and Boost Transformational Growth
27-Jul-2023
South Asia, Middle East & North Africa
Market Research
MH05-01-00-00-00
TEMP_2023_28
The Indian connected truck telematics market is entering a presumably long growth phase and is already the fastest-growing market worldwide. It presents rewarding opportunities in terms of service revenue and potential new technology integration. The government is introducing new measures to support infrastructure development and drive technology adoption on a wider scale to usher the transportation industry into the future.
The Indian commercial vehicle telematics ecosystem has several participants, including telematics service providers (TSPs), original equipment manufacturers (OEMs), telecommunications providers, device manufacturers, IT service providers, and Tier I suppliers. The market is characterized by an extremely price-sensitive customer base leading to intense competition among participants.
Leading market participants include Arya Omnitalk, Pricol, iTriangle, Teltonika, Minda KPIT, and Danlaw. Leading OEMs in telematics are Ashok Leyland, Tata Motors, and Mahindra. In the pool of emerging tech companies and mobility start-ups, WheelsEye, Intangles, Uffizio, Fleetx, iTriangle, and Loconav are ahead of their competitors in progressive year-over-year growth.
Stakeholders have numerous transformational growth opportunities, such as mutually beneficial partnerships, market expansion possibilities for overseas participants, M&A for high-performing local homegrown start-ups, and go-to-market strategies from non-traditional telematics participants. Integration of multiple telematics systems by TSPs, OEM standardization, and combination of fleet management solutions with tolling and tax collection will be key elements of the vibrant Indian connected truck telematics market.
Author: Mugundhan Deenadayalan
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Connected Truck Telematics Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Growth Metrics
Competitive Environment
Growth Drivers
Growth Restraints
Market Evolution
Forecast Assumptions
Research Scope
Definitions: Types of Telematics Solutions and Purchase Models
Definitions: Types of Business Models
Market Outlook
Key Findings
Key Market Trends Influencing Telematics Adoption
Key Challenges for Telematics in the Indian Trucking Industry
Technology Involved in Truck Telematics
Business Models of OEMs and TSPs
Ecosystem Partners and Local Partnerships
Government Regulations and Mandates Impacting Trucking
AIS 140: The Mandate
AIS 140: Key Features and Capabilities
The AIS 140 Mandate: Value Chain
Key Industry Impacts of the AIS 140 Mandate
AIS 140: Implications of the Mandate
Top AIS 140-approved Companies and Products
Connected Trucks Market: Installed Base Forecast
India Telematics: Installed Base by Contribution
Installed Base Forecast and Analysis, India
Revenue Forecast
Market Share Analysis
Key Competitors
Connected Trucks Market: Key TSP Locations
Key TSP Strategies in India
Key Competitor Analysis: Third-party Vendors
Key Competitor Analysis: Third-party Vendors (continued)
Key OEM Connectivity Strategies
Key Competitor Analysis: Key OEMs
Telematics Product Package Hierarchies of TSPs
Pricing Trends of TSPs
Pricing Trends and Telematics Packages of OEMs
Opportunity by Hardware Type
Opportunity by Package Type
Opportunities by Services: Top 3 Services
Opportunity by Vehicle Type
Opportunity by Fleet Type
Opportunity by Industry Type
Opportunity by Solution Type
Opportunity by Solution Type (continued)
Key Opportunity Regions
Growth Opportunity 1: AIS 140
Growth Opportunity 1: AIS 140 (continued)
Growth Opportunity 2: Tolling Integration
Growth Opportunity 2: Tolling Integration (continued)
Growth Opportunity 3: Investments and Start-up Proliferation
Growth Opportunity 3: Investments and Start-up Proliferation (continued)
Conclusion
Abbreviations and Acronyms Used
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
List of Figures
- Connected Truck Telematics: Growth Metrics, India, 2022
- Connected Truck Telematics: Growth Drivers, India, 2023-2027
- Connected Truck Telematics: Growth Restraints, India, 2023-2027
- Connected Truck Telematics: Key Trends, India, 2023
- Connected Truck Telematics: Technology Ecosystem, India, 2023
- Connected Truck Telematics: Local Partners by Value Chain, India, 2023
- Connected Truck Telematics: AIS 140 Key Stakeholders, India, 2023
- Connected Truck Telematics: AIS 140—Implications of the Mandate, India, 2023
- Connected Truck Telematics: Installed Base Forecast, India, 2022-2023
- Connected Truck Telematics: Installed Base by Contribution, India, 2022
- Connected Truck Telematics: Installed Base Forecast, India, 2022-2027
- Connected Truck Telematics: Service Revenue Forecast, India, 2022-2027
- Connected Truck Telematics: Market Share Analysis, India, 2022
- Connected Truck Telematics: Opportunity by Region, India, 2023
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