India Commercial Telematics Market 2022: Size, Top Companies, Growth, Demand and Forecast to 2027

According to IMARC Group's latest report, titled "India Commercial Telematics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the India commercial telematics market reached a value of US$ 1,005 Million in 2021. Looking forward, IMARC Group expects the market value to reach US$ 3,119 Million by 2027, exhibiting a CAGR of 21.52% during 2022-2027.

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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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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.

Key Market Segmentation:

The report has segmented the India commercial telematics market on the basis of type, system type, provider type, end use industry and region.

Breakup by Type:

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 With Key Players:

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

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.