The report forecasts the commercial vehicle telematics market in India to grow at a CAGR of 15.73% during the period 2016-2020.
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
- Tata Motors
- Ashok Leyland.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by fitment type
PART 07: Market segmentation by solution type
PART 08: Market segmentation by application
PART 09: Market drivers
PART 10: Market challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/ztg5mw/commercial
Research and Markets
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/commercial-vehicle-telematics-market-in-india-to-grow-1573-by-2020---driven-by-increased-infrastructure-spending-by-government---research-and-markets-300351541.html
SOURCE Research and Markets