Indian Connected Trucks Telematics Market, Forecast to 2022

Indian Connected Trucks Telematics Market, Forecast to 2022

Dormant CV Telematics Market to Become Active, With Government Regulations Causing a Growth Spurt

RELEASE DATE
20-Mar-2020
REGION
South Asia, Middle East & North Africa
Research Code: K461-01-00-00-00
SKU: AU01963-GL-MR_24118

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Description

The Indian connected trucks telematics market enjoys a diverse culture, with varying degrees of development in various regions of the country. It holds a unique set of market challenges nationwide. The market in India, for most parts, has historically remained dormant. However, recent developments in the political, social, and economical fronts have kindled growth in this slow-paced market. This research will study and analyse, in detail, the ongoing transformation in the Indian telematics market.

Ever since the Nirbhaya case in Delhi in 2012, the government has taken a keen interest in the safety of passengers in public and commercial transportation. Many laws and proposals have been introduced to prevent such incidents from happening and to ensure safety of commercial transportation. The AIS-140 is a key regulation that mandates all commercial vehicles to be fitted with GPS-tracking devices that enable continuous tracking and tracing. This mandate is key in driving adoption rates in the Indian telematics market. By law, every truck must carry an active GPS device, thus enabling basic telematics services of tracking, tracing, and navigation, along with SOS functionalities. However, reality seems to be different from what is expected. A number of challenges and hurdles lie in the way of reaping tangible benefits from such regulations.

Challenges such as the justification on return on investments (ROI), reluctance in spending on telematics, security concerns, lack of infrastructure and enforcement agencies, disruption in foreign investments, and technological challenges are found to be common. Amidst these, the market possesses promising growth potential and, in the next few years, is expected to display a growth spurt that will revive telematics market in India.

The market is fragmented and competitive, with 41% of the market divided among the top 3 participants and the remaining 59% of the market split by several local TSPs and OEMs. The market grew at a rate of 17% from 2018 to 2019, and is expected to grow at a steady 25% YoY from 2020. An estimated 7.42 million commercial vehicles ply the Indian roads and are serving various industries, ranging from transport and logistics, oil and gas, construction, utilities, service and maintenance, and retail and delivery. Of these, transport and logistics and oil and gas offer the highest opportunities for growth for TSPs. The telematics installed base was evaluated at 0.29 million units, with a penetration rate of approximately 4% in 2019.

The Indian telematics market is full of expectations of growth, attributed majorly to the AIS-140 regulation. This research will dissect and analyse the current market scenario and compare it with its expected future market situation, taking into consideration the KPIs and micro- and macro-economic growth trends in play. The Indian telematics market’s expected growth outburst is eventually a question of precise magnitude and timeline rather than a question of possibility. Frost & Sullivan believes that the telematics market in India will be active and thriving in a couple of years.

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Roadmap of Connected Trucks Telematics Market in India

Market Engineering Measurements

PESTLE Analysis

Market Outlook

Current and Future Outlook

Scope

Key Questions this Study will Answer

Vehicle Segmentation

Segmentation by Fleet Size and Distance Driven

Solution Types

Key Telematics Services

Market Engineering Measurements

Key Economic Indicators

Key Challenges

Key Future Market Trends

Top 3 Future Market Trends

Connected Trucks Market—Installed Base Forecast

Key TSPs Operating in India

Key OEMs Operating in India

Ecosystem Partners and Local Partnerships

AIS-140—The Mandate

AIS-140—Key Features and Capabilities

AIS-140—Value Chain

Telematics Product Types—Overview

Telematics Product Packages

Competitive Force Analysis

Competitive Force Analysis—OEMs Vs TSPs

India Telematics—Installed Base by Contribution

Installed Base—Forecast

Market Share Analysis

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

Connected Truck Telematics—Growth Opportunities

Strategic Imperatives for Success and Growth

Key Conclusions and Future Outlook

The Last Word—3 Big Predictions

Legal Disclaimer

Abbreviations and Acronyms Used

Market Engineering Methodology

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The Indian connected trucks telematics market enjoys a diverse culture, with varying degrees of development in various regions of the country. It holds a unique set of market challenges nationwide. The market in India, for most parts, has historically remained dormant. However, recent developments in the political, social, and economical fronts have kindled growth in this slow-paced market. This research will study and analyse, in detail, the ongoing transformation in the Indian telematics market. Ever since the Nirbhaya case in Delhi in 2012, the government has taken a keen interest in the safety of passengers in public and commercial transportation. Many laws and proposals have been introduced to prevent such incidents from happening and to ensure safety of commercial transportation. The AIS-140 is a key regulation that mandates all commercial vehicles to be fitted with GPS-tracking devices that enable continuous tracking and tracing. This mandate is key in driving adoption rates in the Indian telematics market. By law, every truck must carry an active GPS device, thus enabling basic telematics services of tracking, tracing, and navigation, along with SOS functionalities. However, reality seems to be different from what is expected. A number of challenges and hurdles lie in the way of reaping tangible benefits from such regulations. Challenges such as the justification on return on investments (ROI), reluctance in spending on telematics, security concerns, lack of infrastructure and enforcement agencies, disruption in foreign investments, and technological challenges are found to be common. Amidst these, the market possesses promising growth potential and, in the next few years, is expected to display a growth spurt that will revive telematics market in India. The market is fragmented and competitive, with 41Percentage of the market divided among the top 3 participants and the remaining 59Percentage of the market split by several local TSPs and OEMs. The market grew at a rate of 17Percentage from 2018 to 2019, and is expected to grow at a steady 25Percentage YoY from 2020. An estimated 7.42 million commercial vehicles ply the Indian roads and are serving various industries, ranging from transport and logistics, oil and gas, construction, utilities, service and maintenance, and retail and delivery. Of these, transport and logistics and oil and gas offer the highest opportunities for growth for TSPs. The telematics installed base was evaluated at 0.29 million units, with a penetration rate of approximately 4Percentage in 2019. The Indian telematics market is full of expectations of growth, attributed majorly to the AIS-140 regulation. This research will dissect and analyse the current market scenario and compare it with its expected future market situation, taking into consideration the KPIs and micro- and macro-economic growth trends in play. The Indian telematics market’s expected growth outburst is eventually a question of precise magnitude and timeline rather than a question of possibility. Frost & Sullivan believes that the telematics market in India will be active and thriving in a couple of years.
More Information
No Index No
Podcast No
Author Mugundhan Deenadayalan
Industries Automotive
WIP Number K461-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9B01-A6,9963-A6,9AF6-A6