India Commercial Telematics Market to Reach US$ 3,637.2 Million by 2028, Impelled by Expanding Transportation Sector

May 20, 2022 | Retail | Automotive Industry

The latest report by IMARC Group, titled “India Commercial Telematics Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” finds that the India commercial telematics market size reached US$ 1,212.0 Million in 2022. Commercial telematics is a technological solution that helps transmit long-distance information to commercial automobiles. It relies on global positioning systems (GPS) and onboard diagnostic systems to record the speed and behavior of vehicles. It also allows the interchange of information between the central authority and the commercial vehicle and alerts the fleet manager in case of any emergency or unauthorized movement. In recent years, commercial telematics has gained traction in India as it monitors the driver behavior, enabling insurance providers to determine the risk and adjust the policy accordingly.

India Commercial Telematics Market Trends:

The market is primarily driven by the expanding transportation sector and the widespread adoption of smart transportation systems. In addition, various technological advancements, such as the introduction of open-source frameworks and Next-Generation Telematics Protocol (NGTP), a technology-neutral system designed to make technical adjustments in commercial vehicles, represents another major growth-inducing factor. Besides this, several key players are integrating advanced connectivity solutions with the vehicles that offer accurate insights, enhance vehicle efficiency, provide on-road assistance, and improve the driver’s overall experience. This, coupled with the implementation of favorable government policies to mandate commercial vehicle tracking, is creating a favorable market outlook across the country. Moreover, extensive research and development (R&D) activities and the emergence of video-based telematics are also propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 3,637.2 Million by 2028, exhibiting a CAGR of 19.3% during the forecast period (2023-2028).

Market Summary:

On the basis of the type, the market has been bifurcated into solution (fleet tracking and monitoring, driver management, insurance telematics, safety and compliance, V2X solutions, and others) and services (professional and managed services).
Based on the system type, the market has been segregated into tethered, embedded, and smartphone integrated systems.
On the basis of the provider type, the market has been classified into OEM and aftermarket.
Based on the end use industry, the market has been segmented into transportation and logistics, media and entertainment, government and utilities, travel and tourism, construction, healthcare, and others.
On the geographical front, the market has been divided into North India, West and Central India, South India, and East India.
The competitive landscape of the market has been studied in the report, with the detailed profiles of the major players operating in the industry.

Report Scope:

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)

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India Commercial Telematics Market to Reach US$ 3,637.2 Million by 2028, Impelled by Expanding Transportation Sector

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