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

  • Website tracks health effects of walking and cycling
    August 8, 2017
    Andrew Bardin Williams looks at a new online biking and walking benchmark report that allows transportation practitioners to compare communities and track progress. Transportation and public health are inextricably linked. The more people are encouraged to opt out of single occupancy vehicles, the healthier the overall community becomes. Sure, fewer pollutants are released into the air and commuters spend less time in traffic, but it’s the push to get people to ditch fully motorised transportation options a
    Read More
  • Ridesharing market attracts investors in Europe and North America
    December 16, 2016
    Investors are racing to claim a stake in the potential multibillion-dollar ridesharing market. Advances in Technology that aid in the adoption of ridesharing, while governmental policy support, such as high-occupancy vehicle (HOV) lanes and toll-fee waivers, are bolstering market evolution, says Frost and Sullivan. The North American and European ridesharing market will see strong growth, with rideshare operators rolling out new business models to target niche customer segments. And in the European marke
    Read More
  • The case for tolling the Interstates
    April 20, 2012
    Speaking at an event organised by the IBTTA last week to an audience of federal and state transportation officials, policy experts, financial analysts, and representatives from engineering firms, technology companies, and transportation facility operators, Ed Regan of Wilbur Smith Associates articulated a clear case for giving states flexibility to toll existing interstate highways.
    Read More
  • Global ADAS revenues to reach $460 Billion by 2020
    August 23, 2012
    ABI Research is predicting that global advanced driver assistance systems (ADAS) revenues will surge from $22.7 billion in 2012 to $460.8 billion in 2017, with Asia-Pacific remaining the leading ADAS market throughout the forecast period. “Both commercial and regulatory drivers are expected to boost the ADAS market in the coming years,” says VP and practice director Dominique Bonte. “On the one hand, OEMs such as Ford have started rolling out ADAS features on medium to low-end cars in order to bolster their
    Read More

Highlighted Content