India Vehicle Tracking Market Size, Share & Forecast 2024

Summary

Report Description

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 1^st 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).

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. India Vehicle Tracking Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (Passenger Car; Commercial Vehicle; Two-Wheeler)

5.2.2. By Technology (Mobile Tracking; Satellite Tracking)

5.2.3. By Application (Private; Transport and logistics; Fleet management; Others)

5.2.4. By Company (2018)

5.2.5. By Region (East; West; North; South)

5.3. Market Attractiveness Index

6. India Passenger Car Vehicle Tracking Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Technology (Mobile Tracking; Satellite Tracking)

6.2.2. By Application (Private; Transport and logistics; Fleet management; Others)

7. India Commercial Vehicle Tracking Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Technology (Mobile Tracking; Satellite Tracking)

7.2.2. By Application (Private; Transport and logistics; Fleet management; Others)

8. India Two-Wheeler Vehicle Tracking Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Technology (Mobile Tracking; Satellite Tracking)

8.2.2. By Application (Private; Transport and logistics; Fleet management; Others)

9. Market Dynamics

9.1. Drivers

9.2. Challenges

10. Market Trends & Developments

11. SWOT Analysis

12. Policy & Regulatory Landscape

13. India Economic Profile

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles

14.2.1. LetsTrack

14.2.2. RoadPoint

14.2.3. Pointer Telelocations

14.2.4. AssetTrackr

14.2.5. PhoenixSecure

14.2.6. Loginext Solutions Private Limited

14.2.7. Inditrack Navigation System Private Limited

14.2.8. TrackingGenie

14.2.9. Nuevas Technologies Pvt.Ltd.

14.2.10. Itriangle Infotech Pvt. Ltd.

15. Strategic Recommendations

(Note: The companies list can be customized based on the client requirements)

Figures and Tables

List of Figures:

Figure 1: India Vehicle Tracking Market Respondents, By Challenges faced

Figure 2: India Vehicle Tracking Market Respondents, By Benefits

Figure 3: India Vehicle Tracking Market Respondents, By Expenditure

Figure 4: India Vehicle Tracking Market Respondents, By Application

Figure 1. India Vehicle Tracking Market Size, By Value (USD Million), 2014-2018

Figure 2. India Vehicle Tracking Market Size, By Value (USD Million), 2019E-2024F

Figure 3. India Vehicle Tracking Market Share, By Vehicle Type, By Value, 2014-2024F

Figure 4. India Vehicle Tracking Market Share, By Technology, By Value, 2014-2024F

Figure 5. India Vehicle Tracking Market Share, By Application, By Value, 2014-2024F

Figure 6. India Vehicle Tracking Market Share, By Region, By Value, 2014-2024F

Figure 7. Passenger Car’ Share in India Vehicle Tracking Market, By Value, 2018 & 2024F

Figure 8. Passenger Car Vehicle Tracking Market Share, By Technology, By Value, 2014-2024F

Figure 9. Passenger Car Vehicle Tracking Market Share, By Application, By Value, 2014-2024F

Figure 11. Commercial Car’s Share in India Vehicle Tracking Market, By Value, 2018 & 2024F

Figure 12. Commercial Car Vehicle Tracking Market Share, By Technology, By Value, 2014-2024F

Figure 13. Commercial Car Vehicle Tracking Market Share, By Application, By Value, 2014-2024F

Figure 14. Two-wheeler’s Share in India Vehicle Tracking Market, By Value, 2018 & 2024F

Figure 15. Two-wheeler Vehicle Tracking Market Share, By Technology, By Value, 2014-2024F

Figure 16. Two-wheeler Vehicle Tracking Market Share, By Application, By Value, 2014-2024F

List of Tables

Table 1. Passenger Car Vehicle Tracking Market Size, By Value (USD Million), 2014-2024F

Table 2. Commercial Car Vehicle Tracking Market Size, By Value (USD Million), 2014-2024F

Table 3. Two-wheeler Vehicle Tracking Market Size, By Value (USD Million), 2014-2024F

Frequently asked questions

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Sakshi Bajaal

Business Consultant

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Press Release

Passenger Cars to Lead India Vehicle Tracking Market During Forecast Period

Jun, 2019

Strict regulatory norms for implementation and usage of vehicle tracking to drive vehicle India tracking market during forecast period According to TechSci Research report, “India Vehicle Tracking M

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

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