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India Commercial Telematics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4748
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Market Overview:
The India commercial telematics market size reached US$ 1,212.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,637.2 Million by 2028, exhibiting a growth rate (CAGR) of 19.3% during 2023-2028.
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on type, system type, provider type and end use industry.
Breakup by Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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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 | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| 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) |
The India commercial telematics market was valued at US$ 1,212.0 Million in 2022.
We expect the India commercial telematics market to exhibit a CAGR of 19.3% during 2023-2028.
The rising integration of advanced connectivity solutions to improve vehicular efficiency, offer on- road assistance, facilitate smart routing and tracking, and enhance the overall experience for the driver, is primarily driving the India commercial telematics market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of commercial telematics in the logistics sector due to surge in e-commerce services.
Based on the type, the India commercial telematics market has been divided into solution and services, where solution exhibits a clear dominance in the market.
Based on the system type, the India commercial telematics market can be categorized into embedded, tethered, and smartphone integrated. Among these, embedded type holds the majority of the total market share.
Based on the provider type, the India commercial telematics market has been segmented into OEM and aftermarket. Currently, aftermarket type represents the largest market share.
Based on the end use industry, the India commercial telematics market can be bifurcated into transportation and logistics, media and entertainment, government and utilities, travel and tourism, construction, healthcare, and others. Among these, the transportation and logistics industry accounts for the majority of the total market share.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the market.
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