6wresearch-India Telematics Market (2014–2021)

Rising Number of Road Accidents, Vehicle Thefts and Social Factors Driving the Market for Telematics Devices in India – 6Wresearch

In the era of connected world, telematics market has evolved as a key growing market across various countries of the globe. With mandatory rules & regulations in most of the developed nations, telematics devices have witnessed significant adoption and penetration. Although, telematics market in India is still in its nascent stage, but higher growth is exhibited over the next six years.

According to 6Wresearch, India Telematics market is projected to reach $301.23 million by 2021. Increasing road accidents, growth in organized cab services, vehicle thefts, need for fleet management and crime against women is expected to fuel the adoption of telematics devices in the country.

India Telematics market is exhibiting growth as the consumers are becoming more cautious about their safety while driving. Moreover, automobile companies are collaborating with telematics manufacturing companies to develop in-built telematics systems that can be fitted in automobiles during the production process. Aftermarket leads the market and is expected to maintain its leadership through the forecast period, but OEM segment would embrace relatively higher growth. In addition, the prices of these devices are decreasing, which in turn is driving end-users to afford and enjoy the services that telematics provides.

Optimizing fuel cost is another factor, which has spurred the market for telematics in India. Commercial segment accounts for majority of the market revenues in India’s telematics market; however, with growing awareness, adoption in passenger vehicle segment is witnessed in the country. Further, small and medium car segments offer high growth opportunities to the market players.

Some of the key players in the market include- Trimble, CMC Technology and Dhanus Technology.

India Telematics Market (2014–2021)”provides in-depth analysis of the report with 51 figures and 11 tables covered in 101 pages. The report estimates and forecast telematics market by revenue & volume, by module fit such as aftermarket & OEM, installed base, applications and regions. The report also gives the insights on competitive landscape, market share by companies, price trends, company profiles, market drivers and restraints.


Author: 6wresearch- Market Intelligence Solutions

6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

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