India Commercial Telematics Market Size and Share 2022-2027

India Commercial Telematics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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Market Overview:

The India commercial telematics market reached a value of US$ 1,005 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,119 Million by 2027, exhibiting a CAGR of 21.52% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Commercial telematics refers to a technological solution that helps in transmitting information to commercial automobiles. It depends on information from onboard sensors, such as braking system, vehicle speed, airbags, advanced driver assistance system (ADAS) and transmission control system. It provides insurance risk assessment, safety tracking and maintenance insights. At present, commercial telematics is gaining traction across India as it assists in monitoring the driver behavior, which enables insurance providers to determine the risk and adjust the policy accordingly.

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The burgeoning transportation sector, along with the widespread adoption of smart transportation systems, represents one of the key factors fueling the market growth in India. Moreover, with the increasing reliance on digital devices like smartphones, tablets and laptops, automobile manufacturers are focusing on integrating advanced connectivity solutions to offer accurate insights about vehicles. These connectivity solutions help in enhancing vehicle efficiency, providing on-road assistance, facilitating smart routing and tracking, and improving the driver’s overall experience. Apart from this, leading manufacturers operating in the country are focusing on technological advancements like the development of open-source frameworks for commercial telematics. They are also introducing Next-Generation Telematics Protocol (NGTP), which is a technology-neutral system designed to conveniently integrate back-end components and make technical adjustments in commercial vehicles. These innovations, coupled with factors like the implementation of favorable government policies to mandate commercial vehicle tracking and the development of video-based telematics, are driving the market in the country.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India commercial telematics market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, system type, provider type and end use industry.

Breakup by Type:

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Solution
- Fleet Tracking and Monitoring
- Driver Management
- Insurance Telematics
- Safety and Compliance
- V2X Solutions
- Others
Services
- Professional Services
- Managed Services

Breakup by System Type:

Embedded
Tethered
Smartphone Integrated

Breakup by Provider Type:

OEM
Aftermarket

Breakup by End Use Industry:

Transportation and Logistics
Media and Entertainment
Government and Utilities
Travel and Tourism
Construction
Healthcare
Others

Breakup by Region:

North India
West and Central India
South India
East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Million
Segment Coverage	Type, System Type, Provider Type, End Use Industry, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499
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)

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