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Off-Highway Vehicle Telematics Market is Booming Worldwide to Show Significant Growth 2027 by Top Companies Zonar Systems, Inc., Omnitracs LLC, MiX Telematics Limited


Off-Highway Vehicle

iCrowdNewswire   Jan 7, 2021  5:55 PM ET

Market Size – USD 110.5 Million in 2019, Market Growth – CAGR of 12.6%, Market Trends – The rise in the adoption of telematics by leasing machinery firms.

The off-highway telematics market has been paramount in the automobile and transportation sector. With the increasing initiatives by the government to increase safety and productivity of off-highway vehicles, the industry is growing at a rate of 12.6% and was accounted at USD 110.5 Million in 2019 according to a survey by Emergen Research. It is expected to double by the end of 2027 due to huge demand in the automotive industry for better and reliable machines.

The COVID-19 epidemic is impacting the world’s industries, and it is expected that the global economy will suffer its hardest hit in 2020 and possibly even in 2021. In key sectors like electronic products, semiconductors, automobiles, and IT services, the epidemic has created significant impacts. Production and distribution of several electronic goods and parts have been affected by temporary lockdowns, export freezes, and territorial lockdowns. Several sectors are facing severe delays due to supply chain difficulties and manufacturing slowdowns.

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Market Drivers

The burgeoning industrial sector in different countries all around the world have also promoted their commercial sector to invest in the automotive industry for better outputs, and the implementation of industrial components in the telematics market has led to a reduction in the time needed to test machinery with an added benefit of a narrowed down list of laborers, which are some major driving factors in the growth of the Off-Highway Vehicle Telematics Market. Stringent policies, along with incrementing construction contracts in public as well as private sectors, will boost up the market in the near future up to an annual growth rate of 12.8%.  

Regional Analysis

The North American region holds the largest spot in the growth of off-highway vehicle telematics market with a share of approximately 52.6% in the year 2019 and is contemplated to hold the same by the end of the decade due to constant growth of the construction industry of Mexico, Canada, and the United States in the region.

Regional Scope: North America; Europe; Asia Pacific; Central & South America; MEA

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Key participants include Zonar Systems, Inc., Omnitracs LLC, MiX Telematics Limited, Harman International Industries Inc., TomTom International BV, Orbcomm Inc., Wacker Neuson SE, Bridgestone Europe NV/SA, Topcon Corporation, and Stoneridge, Inc. among others.

Technology Outlook (Revenue, USD Million; 2017-2027)

Satellite

Cellular

Sales Channel Outlook (Revenue, USD Million; 2017-2027)

Aftermarket

OEM

End-User Outlook (Revenue, USD Million; 2017-2027)

Agriculture

Construction

Mining

Others

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Off-Highway Vehicle Telematics Market Segmentation & Impact Analysis

    4.1. Off-Highway Vehicle Telematics Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. The rising governmental initiatives to improve the safety and security of the off-highway vehicles

                    4.2.2.2. Growth in construction industry

          4.2.3. Market restraints analysis

                    4.2.3.1. Increasing hesitancy of end users

                    4.2.3.2. Lack of training

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Off-Highway Vehicle Telematics Market By Technology Insights & Trends, Revenue (USD Million)

    5.1. Technology Dynamics & Market Share, 2019 & 2027

          5.1.1. Satellite

          5.1.2. Cellular

Chapter 6. Off-Highway Vehicle Telematics Market By Sales Channel Insights & Trends, Revenue (USD Million)

    6.1. Sales Channel Dynamics & Market Share, 2019 & 2027

          6.1.1. Aftermarket

          6.1.2. OEM

Chapter 7. Off-Highway Vehicle Telematics Market By End User Insights & Trends, Revenue (USD Million)

    7.1. End-User Dynamics & Market Share, 2019 & 2027

          7.1.1. Agriculture

          7.1.2. Construction

          7.1.3. Mining

          7.1.4. Others

Chapter 8. Off-Highway Vehicle Telematics Market Regional Outlook

    8.1. Off-Highway Vehicle Telematics Market share By Region, 2019 & 2027

    8.2. North America

          8.2.1. Market By Technology, Market Estimates and Forecast, USD Million

                    8.2.1.1. Satellite

                    8.2.1.2. Cellular

          8.2.2. Market By Sales Channel, Market Estimates and Forecast, USD Million

                    8.2.2.1. Aftermarket

                    8.2.2.2. OEM

          8.2.3. Market By End User, Market Estimates and Forecast, USD Million

Continue…

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Contact Information:

Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
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Keywords:    Off-Highway Vehicle Telematics Market Size, Off-Highway Vehicle Telematics Market Segmentations, Off-Highway Vehicle Telematics Market Applications, Off-Highway Vehicle Telematics Market Types, Off-Highway Vehicle Telematics Market Share, Off-Highway Vehicle Telematics Market Trends, Off-Highway Vehicle Telematics Market Analysis, Off-Highway Vehicle Telematics Market Outlook

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