India vehicle tracking market is anticipated
to grow at a CAGR of over 15% during the forecast period on account of growing
need to monitor the vehicle movement. Global vehicle tracking market was valued
over $ 4 billion in 2018 and is poised to grow at double-digit CAGR during the
forecast period. Vehicle tracking technology also helps to improve the
efficiency by providing shorter route, traffic and other details. Moreover,
regulatory norms for the installation of vehicle tracker on new public
transport starting from 1st January 2019 and launch of Indian
Regional Navigation Satellite System (IRNSS) for accurate real-time positioning
are further positively influencing the growth of the market.
India vehicle tracking market can be
segmented based on vehicle type, technology, application and region. On the
basis of vehicle type, the market can be segmented into passenger car,
commercial vehicle and two-wheeler. In 2018, passenger car dominated the market
on account of high sales, however, commercial vehicle segment is expected to
grow at an impressive rate during forecast period on account of increasing use
of commercial vehicle for the movement of goods and vehicle tracking technology
provides real-time tracking. On the basis of technology, the market can be
bifurcated into mobile tracking and satellite tracking. Satellite tracking is a
widely adopted technology and acquired the major share in 2018 as well as it is
the most economical option when compared with other technologies. In terms of
application, the market can be segmented into private cars, transport &
logistics, fleet management and others. Transport & logistics application segment
is leveraging the power of internet and tracking to monitor the vehicles.
Regionally, the market for vehicle
tracking is gaining traction. In terms of regional analysis, the market can be
segmented into north region, south region, east region and west region. West region
is growing at a brisk rate on account of high penetration of internet and
significant smartphone user base.
Major players operating in India vehicle
tracking market include LetsTrack, RoadPoint, Pointer Telelocations,
AssetTrackr, PhoenixSecure, Loginext Solutions Private Limited, Inditrack
Navigation System Private Limited, TrackingGenie, Nuevas Technologies Pvt.Ltd.,
Itriangle Infotech Pvt. Ltd., Trimble Mobility Solutions, etc. Major companies
are developing advanced technologies and launching new products in order to
stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new product developments.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective
of the Study:
- To analyze and forecast the
market size of India vehicle tracking market.
- To classify and forecast India
vehicle tracking market based on vehicle type, technology,
application and regional distribution.
- To identify drivers and
challenges for India vehicle tracking market.
- To examine competitive
developments such as expansions, new product launches, mergers &
acquisitions, etc., in India vehicle tracking market.
- To conduct pricing analysis
for India vehicle tracking market.
- To identify and analyze the
profile of leading players operating in India vehicle tracking market.
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Some of the leading players in India vehicle tracking market include LetsTrack, RoadPoint, Pointer
Telelocations, AssetTrackr, PhoenixSecure, Loginext Solutions Private Limited,
Inditrack Navigation System Private Limited, TrackingGenie, Nuevas Technologies
Pvt. Ltd., Itriangle Infotech Pvt. Ltd., Trimble Mobility Solutions, etc.
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of service providers across the globe. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the service providers which could not be
identified due to the limitations of secondary research. TechSci Research analyzed
the service offerings, distribution channels and presence of all major service
providers across India.
TechSci
Research calculated the market size of India Vehicle Tracking Market using a bottom-up approach, where data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Original Equipment Manufacturers
- Research organizations and consulting
companies
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
Vehicle Tracking market
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, India vehicle tracking
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, By Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Two-Wheeler
- Market, By Technology:
- Satellite Tracking
- Mobile Tracking
- Market, By
Application:
- Fleet management
- Transport & Logistics
- Private
- Others
- Market, By
Region:
- North Region
- South Region
- West Region
- East Region
Competitive
Landscape
Company Profiles: Detailed analysis of the major companies
present in India vehicle tracking market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com