Commercial Vehicle Telematics Market in India 2016-2020
About Telematics System
The telematics system in a vehicle is a device that deals with communication (sending, receiving, and storing information) regarding the vehicle and other parameters. The telematics system collects information from different on-board sensors, such as vehicle speed, braking system, advanced driver assistance system (ADAS), air bags, transmission control system, and many other systems.
Technavio’s analysts forecast the commercial vehicle telematics market in India to grow at a CAGR of 15.73% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the commercial vehicle telematics market in India for 2016-2020. To calculate the market size, the report considers a top-down approach based on application, where the market is derived from the overall commercial vehicle telematics application volume.
The market is divided into the following segments based on application:
Technavio Announces the Publication of its Research Report – Commercial Vehicle Telematics Market in India 2016-2020
Technavio recognizes the following companies as the key players in the commercial vehicle telematics market in India: Trimble Navigation, Arya Omnitalk, CMC, Tata Motors, and Ashok Leyland.
Other Prominent Vendors in the market are: Dhanus Technologies, eLogistics, and Mahindra & Mahindra.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be truck platooning in commercial vehicles using telematics services. In a truck platooning, multiple trucks travel at an aerodynamically efficient distance and drive cooperatively by maintaining the distance at high speeds. For this purpose, the truck platooning system uses ADAS installed in the vehicle. Communication among truck fleets is enabled by wireless connectivity. Trucks in the platoon automatically synchronize speed and braking actions, thereby resulting in higher fuel efficiency for all vehicles in the platoon.”
According to the report, increased demand for vehicle tracking and monitoring systems in the logistics sector will be a key driver for market growth. Telematics usage in the Indian market is limited to basic services, like tracking and fleet management services. Although the telematics market in India is still in the nascent stage, experts still forecast a strong growth rate due to the increased demand for fleet management and other basic telematics services.
Further, the report states that non-existent data security in the telematics industry will be a challenge for the market. Previously, most M2M communications used proprietary protocols or private networks for connectivity. However, increasing demand for connectivity has forced players in the industry to provide Internet connectivity in their offerings. The major focus is on the functional requirements of telematics devices. As a result, the industry has neglected many non-functional requirements of systems, like data security.
Trimble Navigation, Arya Omnitalk, CMC, Tata Motors, Ashok Leyland, Dhanus Technologies, eLogistics, Mahindra & Mahindra.