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The India commercial telematics market is expected to exhibit robust growth during 2021-2026. 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.
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.
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 2021-2026. Our report has categorized the market based on type, system type, provider type and end use industry.
Breakup by Type:
Breakup by System Type:
Breakup by Provider Type:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|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$ 2499
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|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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