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India Fleet Management Systems Market Outlook to 2025

Driven by Introduction of AIS 140 Standards, Increase in use of Artificial Intelligence and Fleet Size

Region:Asia

Author(s):Prahaladh Hariharan

Product Code:KR992

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Published on

May 2020

Total pages

75

Table of Content

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About the Report

About the Report

The report 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" provides a comprehensive analysis of the Fleet Management Market in India. The report explains the pain points and need for Fleet Management Systems along with Target addressable market and a detailed analysis of Supply and Demand & the logistics market. It also includes Aggregator Landscape (Digital Freight forwarding), in depth competitive analysis, cross comparison between major companies and company profiles. It concludes with future scope and potential in the market along with key recommendations.
 
Market Overview
The Overall Fleet Management Industry is at a nascent stage, with ~ 95% of the market yet to be tapped. The market is extremely price sensitive with 80% of the hardware imported from China with very few companies in India that manufactures their own hardware. Increasing sales of Commercial Vehicles and Introduction of AIS 140 standards along with growing use of technology is driving the Fleet Management Market currently.
 
Supply Analysis
The market being price sensitive is extremely competitive with technology being the main differentiator between the companies. Increase in use of Artificial Intelligence along with use of Big Data and Predictive Analytics is set to dominate the market.  Lack of Proper Infrastructure, poor regulations and price sensitive mindset of fleet owners are the main barriers to entry for the companies in this industry.
 
Demand Analysis
The market has been growing at a double digit CAGR for the past 5 years. Increased consumerism due to explosive E Commerce growth has made Transport & Logistics Sector the Fastest Growing Industry, Followed by the Oil & Gas sector which are the major users of Telematics and Fleet Management Solutions. Government Regulations plays an increasing Telematics penetration in the country however regulations without proper implementation are rendering these regulations ineffective.
 
Market Segmentation
The market is dominated by entry level products, with large fleet owners/operators demanding the most. Mining, Oil & Gas, State Transportation, Logistics and Transportation, FMCG and Retail are the major end users of Telematics and Fleet Management Systems. Most of the hardware is imported from china, which is cheaper than hardware manufactured in India. Embedded Solutions dominate the market since they are more reliable and stable, with lesser chances to tamper the device, but the use of portable solutions are growing in the past 5 years.
 
By Hardware and Software
Hardware is the nucleus of the entire ecosystem. Reliability and stability of Hardware is necessary for building a quality Fleet Management Solution. In India most of the hardware products are imported from China, while other import regions are Lithuania and Israel with very few manufacturing in the country. 
 
By Type of Services
In India, the regulatory environment is not reliable and for Vehicle Insurance claims the fleet analytics often goes unchecked unless the value of the shipment is higher.
 
By Software Solutions
The market is dominated by Vehicle Tracking Solutions, since most of the customers just use it as a service to keep track of the vehicle and to avoid vehicle theft. Advance level packages are used limitedly in the overall market. After Vehicle Tracking Solutions, solutions with fuel monitoring are preferred the most
 
Government Regulations
In 2018, AIS 140 Standards was introduced with a focus on increased safety and security of passengers and vehicles. Published by Automotive Research Association of India, AIS 140 mandates a vehicle Tracking Device and one or more emergency buttons must be installed in all existing and new public service (State Transportation Busses) and Commercial Vehicles. As the market is set to grow at a healthy rate in the future, there is a need for a formal association for Fleet Management to exist to help in guiding and implement the policies and guidelines effectively.  
 
Competitive Landscape
The Fleet Management System in India is at a nascent stage with overall penetration about 5%, thereby leaving a huge scope of untapped market. The Competition is extremely fragmented if we consider track n trace solutions, but for complete fleet management solutions, the competition is concentrated with very few companies manufacturing their own hardware and offering advanced analytics for Fleet Management. The major players in this industry are iTrangle Infotech, Minda iConnect, Intangles, LocoNav, FleetX, LogiNext and Trimble Navigation.
 
Future Outlook and Projection
Companies would be looking further to expand their geographical presence outside India preferably to South East Asia and the United States. Although Heavy Commercial vehicles demand fleet management systems the most, there is going to be an increase in the use of Telematics and Fleet Management Systems in Two Wheelers (Bikes). Two wheeler manufactures are looking to integrate navigation and track n trace software’s in bikes to help in maintaining and offering assistance to the owners. The demand is expected to grow at a CAGR of over 20% in the next few years majorly driven by AIS 140 Standards, Growing E Commerce Market and optimization of Supply Chain along with increase in use of Artificial Intelligence and Big Data Analytics.
 
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
Key Topics Covered in the Report:-
  • Pain Points
  • Need for FMS
  • Key Recommendations
  • Target Addressable Market
  • Transport Vehicles and Penetration
  • India Logistics Industry
  • India Digital Freight Forwarding Landscape
  • Market Size and Segmentation
  • Competitive Analysis
  • Government Regulations
  • Future Outlook
  • Industry Speaks (Interviews)

Products

Products

  • 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

Companies Covered:

  • iTrangle Infotech
  • Minda iConnect
  • Intangles
  • LogiNext
  • FleetX
  • LocoNav
  • Trimble

Table of Contents

Table of Contents

1. Executive Summary

2. Pain Points & Need Analysis
Pain Points
Needs for Fleet Management System

3. Target Addressable Market & Key Recommendations
Target Addressable Market
Key Recommendations: Expansion Strategy
Key Recommendations: Growth Areas

4. Industry Analysis
India Logistics Market, 2019
Trucking Landscape in India, 2019
Existing Challenges for Truckers

5. Supply Analysis
Supply Ecosystem
Value Chain Analysis
Supply Overview
Hardware: Import & Manufacturing Hubs

6. Demand Analysis
Market Size and Market Segmentation (By Revenue, 2014-2019, By Devices Present)
(Segmentation: By Hardware and Software, By Type of Services, Type of Solutions Offered, Package Type, Type of Commercial Vehicle and By Transport Vehicle and Penetration)
Type of Solution Offered, 2014 & 2019
Solution Types & Pricing Scenario, 2014 & 2019
OEM vs TSP
Fleet Operators

7. Aggregator Landscape

8. Government Regulations
BS VI Standards
AIS 140 Standards

9. Competitive Analysis
Competitive Landscape
Five Porter Analysis
Market Share Analysis, 2019
Strength and Weakness, 2019
Cross Comparison of Major Companies, 2019 (Year of Establishment, Service Portfolio, USP, Recent Developments, Major Clients, Number of Employees, Number of Tech Employees, Price, License Users, Research & Development Expense, Revenue, 2019)

10. Company Profiles (Service Offering, USP, Business Strategies, Recent Developments, Future Developments, Key Personnel, Major Clients and Financials, 2019)
iTrangle Infotech
Intangles
Minda iConnect
Trimble Navigation
LocoNav
FleetX
LogiNext

11. Future Outlook
Future Market Size (By Revenue, 2019-2025)
Future Market Segmentation, 2019 and 2025
(Segmentation: By Hardware and Software Solutions, By Type of Services, Type of Solutions Offered, Package Type, Type of Commercial Vehicle and Solution Types, By Type of Transport Vehicle)
Future Roadmap
Critical Success Factors

12. Industry Speaks
Interview with Mr. Vadiraj Katti- CEO, iTrangle Infotech
Interview with Mr. Dhruvil Sanghvi – CEO, LogiNext
Interview with Mr. Aman Singh – Co Founder, Intangles

13. Research Methodology
14. Disclaimer
15. Contact Us

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