Indian vehicle tracking market set to double in size by 2017

A newly updated report by industry analysts TRN, Indian Vehicle Tracking and Fleet Management Market, 2013-17, investigates opportunities in the vehicle tracking and fleet management sector in light of economic and policy development in India in late 2012 and the first half of 2013. Implications of recent changes to laws governing foreign investment in retail, tax reform, the policy response to the Delhi bus rape, and the spring 2013 budget are all covered in the new edition, and are used to inform scenari
June 19, 2013 Read time: 2 mins

A newly updated report by industry analysts TRN, Indian Vehicle Tracking and Fleet Management Market, 2013-17, investigates opportunities in the vehicle tracking and fleet management sector in light of economic and policy development in India in late 2012 and the first half of 2013.  Implications of recent changes to laws governing foreign investment in retail, tax reform, the policy response to the Delhi bus rape, and the spring 2013 budget are all covered in the new edition, and are used to inform scenarios and forecasts to 2017.

A key conclusion is that the long term opportunity for vehicle tracking and fleet management in Asia’s third largest economy is too large to ignore with long term sustainable growth guaranteed even under the least favourable market scenario. In the run up to the 2014 national elections, investors, fleet managers and operators remain cautious and this is acting to dampen short term demand.

There are, however, numerous cases of successful and innovative tracking solutions being deployed throughout the country. The new TRN report shows that in the current tough economic climate there are important opportunities in many of the 12 vertical market sectors which are analysed in depth.

Location Based Systems

Related Content

  • US ITS sector needs strategic leadership
    January 31, 2012
    The US is losing its advantage in the ITS sector because of a lack of strategic leadership, according to a new report from the Information Technology and Innovation Foundation. Here, Stephen Ezell, one of the report's authors, talks to ITS International about what can be done to remedy the situation. A new report from the Information Technology and Innovation Foundation (ITIF), Explaining International IT Leadership: Intelligent Transportation Systems, makes for sobering reading within the US ITS community.
    Read More
  • Adoption of ITS fuelled by need to tackle traffic issues, says research
    October 19, 2016
    The revenue of the global intelligent transportation systems market stood at US$20.22 billion in 2015 and the market is expected to reach US$57.44 billion by the end of the forecast period, developing at a CAGR of 12.7 per cent during the forecast period, according to research by Transparency Research (TMR). According to the report, Intelligent Transportation System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024, on the basis of type, advanced transportation managem
    Read More
  • Debating a cost-effective means of road user charging
    July 20, 2012
    Does GPS/GNSS-based technology provide a cost-effective means of charging or tolling on a national or international level, or are the issues pertaining to effective enforcement an obstacle. Here, leading equipment manufacturers debate the issue.
    Read More
  • We need to talk about AVs
    October 15, 2021
    Will driverless vehicles lead to more deaths and destroy more lives than their manual counterparts? Transport writer Colin Sowman argues that they will
    Read More

Highlighted Content