Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Off-Highway
Vehicle (OHV) Telematics Market makes an offering of in-depth analysis of
segments and sub-segments in the regional and international Off-Highway Vehicle
(OHV) Telematics Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Off-Highway Vehicle
(OHV) Telematics Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of global Off-Highway
Vehicle (OHV) Telematics Market is offered. In accordance with the report, the global
Off-Highway Vehicle (OHV) Telematics Market is projected to expand at a CAGR of
4.9 % over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Off-Highway
Vehicle Telematics is a technology of sending, receiving & storing all
information using devices to control remote objects. The integrated use of
telecommunication and informatics is used to control vehicles on the move.
Telematics services use cellular or satellite technology to communicate. Integrated hands-free cell phones, wireless
safety communication, GPS Navigation and automatic driving assistance systems
are the various technologies that comes under the telematics systems.
There are
various factors that drive the growth of OHV Telematics like the recovery of
construction industry, demand for precision agriculture, focus on advanced
operation technologies in mining industries and the new policies set by
Government for safety and security of off-highway vehicle. Government has also
introduced the e-call facilities and electronically logging devices in public
transportation system. Apart from the new facilities, government has revised
the policies that accepts new technologies, demographic condition,
infrastructural availability and the condition of global economics. There has been a considerable rise in use of
autonomous vehicles used in mining and construction industry.
In order for
smooth function of telematics system, there has to be a strong internet
connectivity, lack of internet connectivity might pose as a big challenge for
the global Off-Highway Vehicle Telematics market. Also, the development of
customized telematics products & services, results in lack of compatibility
with all vehicle devices. There is a lack of standardization with differing
qualities and pricing which can further hinder the growth of Off-Highway
Telematic Vehicle Market globally in the forecast period. Telematic system
facilitates real-time monitoring of vehicles and drivers. Many drivers consider
this an intrusion or privacy and are reluctant on installing the telematic
system
The region of
North America is dominating the global off-highway vehicle market followed by
Europe and Asia Pacific respectively.
Various key
players are involving themselves in market collaboration and partnerships, for
enhance their presence in the market globally. In Jan 2019, Sumitomo
Corporation partnered with Topcon Corporation to form a joint venture in order
to introduce telematic and agricultural business in ASEAN market. Major
companies are also investing in product development and innovation to gain an
edge in the market. In 2019, ORBCOMM introduced enhanced web platform and
latest telematics for heavy equipment industries. Also, regulatory bodies like
AEMP – Association of Equipment Management Professionals are laying high
emphasis on developing new standards for telematics, for better product
offering.
Segment Covered:
This market intelligence
report on the global Off-Highway Vehicle (OHV) Telematics Market encompasses
market segments based on technology, sales channel, components, application and
country/regions.
In terms of technology, the global Off-Highway
Vehicle (OHV) Telematics Market
is segregated into
§ Cellular Based OHV Telematics
§ Satellite Based OHV Telematics
In terms of sales channel, the global Off-Highway
Vehicle (OHV) Telematics
Market is segregated into
§ OEM
§ Aftermarket
§ Others
In terms of components, the global Off-Highway
Vehicle (OHV) Telematics
Market is segregated into
§ Hardware
§ Platform
§ Network
By end use application, the global Off-Highway
Vehicle (OHV) Telematics Market
is also classified into,
§ Construction
ü Cranes
ü Dozers
ü Dump Trucks
ü Excavator
ü Loaders
ü Others
§ Agriculture
ü Harvester
ü Tractors
§ Mining
ü Surface Mining Machinery
ü Underground Mining Machinery
§ Others
By country/region, the global Off-Highway Vehicle (OHV)
Telematics Market has been divided
into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Airbiquity Inc.
§ CalAmp Corporation
§ Caterpillar Inc.
§ Intellicar Telematics
§ CNH Industrial
§ Deere & Company
§ Doosan Corporation
§ JCB
§ Komatsu
§ Mix Telematics
§ Omnitracs
§ ORBCOMM
§ Stoneridge
§ Topcon
§ Teletrac Navman
§ TrackUnit
§ Verizon Communication
§ Iridium Communication
§ Hitachi Construction
§ Raxel Telematics
§ J.C Bamford
§ Zonar System
§ Trimble
§ AT&T Inc.
§ JLG Industries
§ Machine Max and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Off-Highway Vehicle (OHV) Telematics related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Off-Highway Vehicle (OHV) Telematics Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Off-Highway
Vehicle (OHV) Telematics Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Airbiquity Inc,
CalAmp Corporation, Caterpillar Inc., Intellicar Telematics, CNH Industrial,
Deere & Company, Doosan Corporation, JCB, Komatsu, Mix Telematics,
Omnitracs, ORBCOMM, Stoneridge, Topcon, Teletrac Navman, TrackUnit, Verizon
Communication, Iridium Corporation, Hitachi Construction, Raxel Telematics, J.C
Bamford, Zonar System, Trimble, AT&T Inc., JLG Industries, Machine Max and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Off-Highway
Vehicle (OHV) Telematics Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for Off-Highway
Vehicle (OHV) Telematics Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Off-Highway Vehicle (OHV) Telematics Market
v
Identification
of key factors driving investment opportunities in the Off-Highway Vehicle
(OHV) Telematics Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop strategies
based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants