Main Content start here
Main Layout
Report Description

Report Description

The India Vehicle Tracking System Market is anticipated to register a high CAGR in the forecast period of 2024-2028. Vehicle Tracking System using GPS and android based smartphone is a device that can track vehicle at anywhere. A set of tools for transportation design are offered by Vehicle Tracking System, such as parking layout design and roundabout design. These tools are available for steered vehicles, light rail vehicles, and aircraft. India Vehicle Tracking System market is anticipated to grow on account of growing need to monitor the vehicle movement. Vehicle Tracking System 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.

One of the main factors boosting the growth of the Vehicle Tracking System market is the implementation of real-time monitoring and fuel management in vehicles, as well as safety and security concerns within transportation services. Moreover, it is anticipated that during the forecast period, a rise in fleet operations will accelerate market revenue growth. But fleet owners' concerns about costs, data privacy violations, cyber security risks, and atmospheric inference issues are anticipated to stymie market expansion. On the other hand, it is anticipated that the growing acceptance of mobility-as-a-service (MaaS), 5G vehicle connectivity, and intelligent transportation system adoption will offer the market lucrative growth opportunities.

Growing concern for the security and safety of vehicles

Vehicle Tracking System improve the overall productivity through better fleet management, resulting in a higher return on investment. One can handle more work within a given time frame with better scheduling or route planning. Vehicle Tracking System, whether used for personal or business purposes, enhances security, communication, performance monitoring, and productivity. This system has many advantages, including a large capability, a broad range of end-uses, low operating costs, effectiveness, strong expandability, and ease of use in vehicle traffic administration.

Unauthorized access hinders the market growth

Sensitive information, including the vehicle's purchase details, the owner's information, and other crucial data that the owner has stored, like various addresses, is contained in data and information that is stored in the vehicle's system. Criminal activities like carjackings, identity theft, and planned crimes can all be carried out using this information. End users' inability to use vehicle tracking systems is primarily caused by data privacy violations, especially in countries with strict regulations. Furthermore, incidents such as unauthorized access to various vehicle connectivity solutions or hacking into the in-car connectivity system can hinder demand for vehicle tracking systems.


Download Free Sample Report

Market Segments

India Vehicle Tracking System Market is segmented into Component, Vehicle Type, Technology, Type, End-Use, Region and Competitive Landscape.  Based on Vehicle Type, the market is divided into Passenger Vehicle, Vehicle, and Commercial Vehicle. Based on Component the market is divided into Hardware, and Software. Based on Technology, the market is divided into GPS/Satellite, GPRS/Cellular Network, and Dual Modes. Based on Type, the market is divided into Active Vehicle Tracking System, and Passive Vehicle Tracking System. Based on End-Use, the market is divided into Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government & Defense, and Others

 

Market Players

Major market players inf India Vehicle Tracking System Market are LetsTrack, RoadPoint, Pointer Telelocations, AssetTrackr, PhoenixSecure, Loginext Solutions Private Limited, Inditrack Navigation System Private Limited, TrackingGenie, Nuevas Technologies Pvt. Ltd., Itriangle Infotech Pvt. Ltd. To achieve good market growth, businesses that are active in the market employ organic tactics such product launches, mergers, and partnerships.

Some of the government initiatives are:

  • The Indian government has made it mandatory for all vehicles manufactured on or after September 1st 2022 and used to transport dangerous and hazardous goods to install approved vehicle tracking devices.
  • Government of Haryana launched a Vehicle Movement Tracking System (VMTS) mobile app to track the vehicles carrying sand and other mining material. The app is used at different checkpoints in all the districts of Haryana. All vehicle details including vehicle type, vehicle number, moving from, moving to, and driver details will be stored in it.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

Component

Vehicle Type

Technology

Type

End-Use

Regional scope

East India, West India, North India, South India

Key companies profiled

LetsTrack, RoadPoint, Pointer Telelocations, AssetTrackr, PhoenixSecure, Loginext Solutions Private Limited, Inditrack Navigation System Private Limited, TrackingGenie, Nuevas Technologies Pvt. Ltd., Itriangle Infotech Pvt. Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, India Vehicle Tracking System Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  •       India Vehicle Tracking System Market, By Component:

o   Hardware

o   Software

  • India Vehicle Tracking System Market, By Vehicle Type:

o   Passenger Vehicle

o   Commercial Vehicle

  • India Vehicle Tracking System Market, By Technology:

o   GPS/Satellite

o   GPRS/Cellular Network

o   Dual Modes

  • India Vehicle Tracking System Market, By Type:

o   Active

o   Passive

  • India Vehicle Tracking System Market, By End User:

o   Transportation & Logistics

o   Construction & Manufacturing

o   Aviation

o   Retail

o   Government & Defense

o   Others

  •        India Vehicle Tracking System Market, By Region:

o   East India

o   West India

o   North India

o   South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Vehicle Tracking System Market

Available Customizations:

 Tech Sci 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).
India Vehicle Tracking System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]
Table of content

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Vehicle Tracking System Market

4.    Executive Summary

5.    Voice of Customers

5.1.        Awareness of vehicle tracking systems

5.2.        Major End-Uses of vehicle tracking systems

5.3.        Key Benefits of vehicle tracking systems

5.4.        Major Challenges in vehicle tracking systems

6.    India Vehicle Tracking System Market Outlook

6.1.         Market Size & Forecast

6.1.1.    By Value

6.2.         Market Share & Forecast

6.2.1.    By Component (Hardware, Software)

6.2.2.    By Vehicle Type (Passenger Vehicle, and Commercial Vehicle)

6.2.3.    By Technology (GPS/Satellite, GPRS/Cellular Network, and Dual Modes)

6.2.4.    By Type (Active, and Passive)

6.2.5.    By End-Use (Transportation & Logistics, Construction & Manufacturing, Aviation, Retail, Government & Defense, and Others), By Region, Competition Forecast and Opportunities, 2028

6.2.6.    By Region (North, South, West and East)

6.2.7.    By Company

6.3.         Market Map

6.4.  Market Map

6.5.  Value Chain Analysis

6.6.  Regulatory and Standardizations Related to Vehicle Tracking System Market​

6.7.  Innovations Related to Vehicle Tracking System Market   ​

6.8.  Porter's Five Forces Analysis

6.8.1.    The Threat of New Entrants

6.8.2.    Bargaining Power of Buyers/Consumers

6.8.3.    Bargaining Power of Suppliers

6.8.4.    The Threat of Substitute Products

6.8.5.    The Intensity of Competitive Rivalry

7.    North India Vehicle Tracking System Market Outlook

7.1.         Market Size & Forecast

7.1.1.    By Value

7.2.         Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Vehicle Type

7.2.3.    By Technology

7.2.4.    By Type

7.2.5.    By End-Use

8.    South India Vehicle Tracking System Market Outlook

8.1.         Market Size & Forecast

8.1.1.    By Value

8.2.         Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Vehicle Type

8.2.3.    By Technology

8.2.4.    By Type

8.2.5.    By End-Use

9.    West India Vehicle Tracking System Market Outlook

9.1.         Market Size & Forecast

9.1.1.    By Value

9.2.         Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Vehicle Type

9.2.3.    By Technology

9.2.4.    By Type

9.2.5.    By End-Use

10. East India Vehicle Tracking System Market Outlook

10.1.      Market Size & Forecast

10.1.1. By Value

10.2.      Market Share & Forecast

10.2.1. By Component

10.2.2. By Vehicle Type

10.2.3. By Technology

10.2.4. By Type

10.2.5. By End-Use

11. Market Dynamics

11.1.     Drivers

11.1.1. Increase in demand for electric vehicles

11.1.2. Growing concerns over vehicle safety and security

11.1.3. Growth in fleet operations

11.2.     Challenges

11.2.1. Data privacy violations

11.2.2. High cost of highly advanced vehicles tracking systems

12. Market Trends & Developments

12.1.        Growing demand for autonomous and semi-autonomous cars.

12.2.        Deployment of 5G in vehicle connectivity.

12.3.        Rise in traffic accidents

12.4.        Increasing adoption of intelligent transportation systems

12.5.        Growing acceptance of mobility-as-a-service (MaaS)

13. India Economic Profile

14. Company Profiles

14.1.               LetsTrack

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (If available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.1.6. SWOT Analysis

14.2.               RoadPoint

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (If available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.               Pointer Telelocations

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (If available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.               AssetTrackr

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (If available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.               PhoenixSecure

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (If available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.               Loginext Solutions Private Limited

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (If available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.6.6. SWOT Analysis

14.7.               Inditrack Navigation System Private Limited

14.7.1. Business Overview

14.7.2. Key Revenue and Financials (If available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.7.6. SWOT Analysis

14.8.               TrackingGenie

14.8.1. Business Overview

14.8.2. Key Revenue and Financials (If available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.8.6. SWOT Analysis

14.9.               Nuevas Technologies Pvt.Ltd.

14.9.1. Business Overview

14.9.2. Key Revenue and Financials (If available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.9.6. SWOT Analysis

14.10.            Itriangle Infotech Pvt. Ltd.

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials (If available)

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

14.10.6.              SWOT Analysis

15. Strategic Recommendations

15.1.               Focus on expanding market by expansion

15.2.               Dominating Market by Region

15.3.               Growing Technologies

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

Main market players are LetsTrack, RoadPoint, Pointer Telelocations, AssetTrackr, PhoenixSecure, Loginext Solutions Private Limited, Inditrack Navigation System Private Limited, TrackingGenie, Nuevas Technologies Pvt. Ltd., Itriangle Infotech Pvt. Ltd.

The major segments of the India Vehicle Tracking System Market are Component, Vehicle Type, Technology, Type, End-Use.

The North region is anticipated to witness rapid CAGR growth between 2024 and 2028.

Growing concerns for the security and safety of vehicles is a major factor propelling the growth of India Vehicle Tracking System market.

Related Reports