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Dublin, June 13, 2019 (GLOBE NEWSWIRE) -- The "Global Off-Highway Vehicle Telematics Market: Focus on Technology, Applications, Industry Adoption, Component, Key Players, Supply chain, Market Share, Regional Activity, Connectivity Type, and Fitment Type - Analysis and Forecast, 2019-2029" report has been added to ResearchAndMarkets.com's offering.
The off-highway vehicle telematics market is estimated to reach $2.82 billion by 2029.
Telematics concept was developed for establishing a communication channel between a vehicle, vehicle to operators, vehicle to command centers, and vehicle to infrastructure. Telematics is the collection of vehicle or driver data via onboard sensor system or supplementary devices. It then communicates/transfers the data points to the cloud or command center of the service provider for further analysis.
Telematics has a number of viable opportunities in the future mobility ecosystem design. It has witnessed a widespread implementation upsurge on the forefront by governments across the word regulating the e-call facility and electronically logging devices in the public transportation system. The availability of telematics service requires connectivity in the specific area, which is one of the major challenges while considering mining, agriculture, and construction industry. Future autonomous heavy equipment utilized for construction and mining, among others, are expected to drive the business opportunities significantly for the global OHV market.
Also, government regulations of a specific region play a vital role in determining the success of the initiatives and trends in the industry. Some of the important criterions which influence the policy regulations are regional socio-economic conditions, acceptance of technology, demographic conditions, infrastructure availability, and global economic conditions (such as fossil fuel prices, international trade agreements, environmental challenges, and financial health).
The market is a balanced combination of public and private players. In the last 20 years, many start-ups have emerged with telematics platform services and dominated the ecosystem to a certain extent. However, OHV OEMs such as Caterpillar, JCB, Komatsu, Deere & Company, and CNH Industrial, have developed in-house telematics solution for the applications in various industries such as construction, agriculture and mining.
Key companies operating in the domain are CalAmp, Caterpillar, CNH Industrial, Deere & Company, Doosan, JCB, Komatsu, Mix Telematics, Omnitracs, ORBCOMM, Stoneridge, Topcon, Teletrac Navman, Trackunit, Verizon Communication, Iridium Communication, Hitachi Construction, Raxel Telematics, Zonar System, Trimble, Wireless Car, AT&T, JLG Industries, and Machine Max among others.
The report answers the following key questions:
Key Topics Covered
1 Market Dynamics
1.1.1 Safety and Security Requirement for Vehicles and On-site Professionals
1.1.2 Equipment Telematics for Maximizing Efficiencies and Profit
1.2.1 Data Security and Privacy Concerns
1.2.2 The Absence of Policy Framework and Technology Infrastructure Requirement
1.3.1 Autonomous Technology an Immense Opportunity for Future
1.3.2 APAC as an Emerging Market
2 Competitive Insights
3 Industry Analysis
4 Global Off-Highway Vehicle Telematics Market (by Connectivity Type)
5 Global Off-Highway Telematics Market, (by Application)
6 Global Off-Highway Vehicle Telematics Market (by Fitment)
7 Global Off-Highway Vehicle Telematics Market (by Component)
8 Global Off-Highway Vehicle (OHV) Telematics Market (by Region)
9 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/lteixg
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