Dublin, Aug. 11, 2023 (GLOBE NEWSWIRE). The “Growth Opportunities in the Indian Connected Truck Telematics Market” report has been added to ResearchAndMarkets.com’s offering.
The Indian connected truck telematics market is entering a long growth phase and stands as the fastest-growing market globally. Additionally, the market offers rewarding opportunities in service revenue and potential new technology integration. Furthermore, the Indian government is actively introducing measures to support infrastructure development and drive technology adoption on a wider scale. As a result, it is propelling the transportation industry into a futuristic trajectory.
Key Market Participants and Emerging Tech Companies:
The Indian commercial vehicle telematics ecosystem involves several participants, including telematics service providers (TSPs), original equipment manufacturers (OEMs), telecommunications providers, device manufacturers, IT service providers, and Tier I suppliers. Leading market participants include Arya Omnitalk, Pricol, iTriangle, Teltonika, Minda KPIT, and Danlaw. OEMs such as Ashok Leyland, Tata Motors, and Mahindra also play significant roles. In the pool of emerging tech companies and mobility start-ups, WheelsEye, Intangles, Uffizio, Fleetx, iTriangle, and Loconav are leading with progressive year-over-year growth.
Transformational Growth Opportunities for Stakeholders:
The report emphasizes numerous growth opportunities in the Indian connected truck telematics market. These opportunities encompass mutually beneficial partnerships, market expansion possibilities for overseas participants, and M&A opportunities for high-performing local start-ups. Additionally, the report discusses go-to-market strategies for non-traditional telematics participants. Integration of multiple telematics systems by TSPs and OEM standardization will be key elements for industry growth. Additionally, a combination of fleet management solutions with tolling and tax collection will also contribute to this growth.
