India Vehicle Tracking Market By Vehicle Type (Passenger Car; Commercial Vehicle & Two-Wheeler), By Technology, By Application (Fleet Management, Transport & Logistics & Others), Competition, Forecast & Opportunities, 2024

Global vehicle tracking market was valued at 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 efficiency by providing the 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.

The Indian 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. Passenger car segment dominates the market on account of high sales, however, commercial vehicle segment is expected to grow at an impressive rate during the forecast period on account of the 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 a major share in 2018, 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 anticipated to witness the fastest growth during the forecast period as it is leveraging the power of the 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 the north region, south region, east region and west region. West region is anticipated to grow at a fast pace during the forecast period on account of high penetration of internet and significant smartphone user base in the region.

Major players operating in the Indian 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., 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

The objective of the Study:

• To analyze and forecast the market size of the Indian vehicle tracking the market.
• To classify and forecast the Indian vehicle tracking market based on vehicle type, technology, application and regional distribution.
• To identify drivers and challenges for the Indian vehicle tracking the market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian vehicle tracking the market.
• To conduct a pricing analysis for the Indian vehicle tracking the market.
• To identify and analyze the profile of leading players operating in the Indian vehicle tracking the market.

Some of the leading players in the Indian 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., etc.

The author performed both primary as well as exhaustive secondary research for this study. Initially, they sourced a list of service providers across the country. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the service providers which could not be identified due to the limitations of secondary research. The author analyzed the service offerings, distribution channels and the presence of all major service providers across India.

The author calculated the market size of the Indian vehicle tracking market by using a bottom-up approach, where data for various end-user segments were recorded and forecast for the future years. They 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.

Key Target Audience:

• Original equipment manufacturers
• Research organizations and consulting companies
• Government bodies such as regulating authorities and policymakers
• 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, the Indian vehicle tracking market has been segmented into the 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 Cars
  • Others
  
  
• Market, By Region:
  • North Region
  • South Region
  • West Region
  • East Region
  
  

Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian vehicle tracking the market.

Available Customizations:
With the given market data, the author offers customizations according to a company’s specific needs. Please contact customer service for more enquires