“The Government through AIS 140 standards, although mandating
the use of vehicle tracking systems in Commercial Vehicles, have not
implemented the guidelines effectively, thereby giving scope for non compliance”.
Decreasing Dependence towards Import from China: The Hardware for Fleet Management and Telematics is usually
imported from China. Nearly 75%-80% of the import market is dominated by China,
with Israel and Lithuania being the other preferred countries. The cost of the
hardware post importing is 60% lesser than indigenously manufactured hardware
devices. This gap is now declining & in the future it is expected to have a
similar price. More Companies are now focusing on manufacturing their own
hardware, since in a low cost market such as this, margins from sale of
hardware is more than margins from Software product.
Increase in Volume Based Incentives: Companies in this sector, since it is low cost, depend on the
volume of fleets that they cater to a single client. Many companies have a
minimum benchmark criteria (minimum fleets) in order to accept the demand of
the client. In Order to attract more customers, companies are increasing their
incentives (offering discounts or value added services) if the customer meets
the required number of fleet.
Increasing Focus on Safety and Security: Introduction of AIS 140 standards by the government was done
with the main aim of Passenger Safety and Security. Hence the mandate has been
towards commercial vehicles and all public transportations. Increased data tracking and
technological advancement will bring all CV’s under one common platform &
introduction of emergency buttons also increases safety for drivers and
passengers. However regulations without proper
implementation are rendering these regulations ineffective.
According to a report by Ken Research titled “India
Fleet Management Systems Market Outlook to 2025- driven by Introduction of AIS
140 Standards, Increase in use of Artificial Intelligence and Fleet Size”
Varied applications with increase in use of IoT, AI and
Machine Learning has led to increase in tech adoption in Fleet
Management Solutions The market
is expected to grow at a positive CAGR of more than 10% during the period
2019-2025.
Key Segments Covered:-
By Hardware and Software
By Solutions
Vehicle
Tracking
Fuel
Monitoring
Driver
Management
Vehicle
Health Monitoring
By Type of Commercial Vehicles
LCV
MCV
HCV
By Type of Transport Vehicles
LMV
Freight
LMV
Passenger
Trucks
Taxis
Buses
Other
Vehicles
By Type of Services
After
Sales Service
Claim
Inspection Service
Other
Services
By Solution Type
Embedded
Solutions
Portable
Solutions
By Package Type
Entry
Level
Mid
Level
Advance
Level
Companies
Covered:-
iTrangle
Infotech
Minda
iConnect
Intangles
LogiNext
FleetX
LocoNav
Trimble
Key Target Audience:-
Logistics Companies
Fleet Management Companies
Digital Freight forwarders
Private Ventures and Equity Firms
OEM’s
Transport Companies
Fleet Operators
Time Period Captured in the Report:-
Historical Period: 2014–2019
Forecast Period: 2020-2025
For More Information, refer
to below link:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
