Import Driven Low Cost Fleet Management Market Hindered by Slow Adoption of Technology and Hardware Requirements: Ken Research

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“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 SizeVaried 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.

india-fleet-management-software-industry

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:-

India Fleet Management Systems Market

Related Reports:-

India Logistics Market Outlook to FY24–Driven by Government Infrastructure Push, New Age Logistics Startups, and Technology Innovation

India Digital Freight Brokerage Market Outlook to 2025 – Marquee Investors Funding in the Space and Revenue Alternative on Return Trips to Support Market Growth

Indonesia Logistics and Warehousing Market Outlook to 2023 – Driven by Infrastructure Spending for Airport and Seaports Albeit by Poor Existing Road Network

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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