Global Off-Highway Vehicle (OHV) Telematics Market is expected to foresee significant growth. Asia-Pacific to lead the growth!
- Himanshu Patni
- December 10, 2021
- AUTOMOTIVE, NEWS
- Off-Highway Vehicle Telematics Market, Off-Highway Vehicle Telematics Market share, Off-Highway Vehicle Telematics Market size
- 0 Comments
Global off-highway vehicle (OHV) telematics market is expected to grow at a CAGR of around 12% during the forecast period (2021-2027). Increasing adoption of advanced technology such as artificial intelligence and Internet of Thinking (IoT) is providing stimulus for the OHV telematics market. Various industries such as automotive, agriculture, construction, mining, healthcare and many other end-users’ industry are also spending huge amount on telematics technology to enhance their operation is expected to escalate the market demand for Off-Highway Vehicle (OHV) Telematics.
Off-highway vehicle (OHV) telematics refers to the integrated use of information and communication with telecommunications technology. OHV telematics finds applications in various sectors including agriculture, mining, constructions, etc. Factors such as increasing application of OHV telematics in off highway vehicles such as growing adoption of telematics technologies within the automotive industry coupled with burgeoning demand for cellular technology with increasing application within construction and mining industries are positively influencing the market demand for off-highway vehicle telematics market across the globe.
For a detailed analysis of the Covid-19 Impact on the industry browse through – https://univdatos.com/report/off-highway-vehicle-telematics-market/
During the Covid-19 pandemic in the early 2020, majority of the countries and region witnessed a country wide lockdown. The lockdown imposed in various regions led to complete shutdown of manufacturing facilities to reduce the spread of Covid-19 that had severely disrupted the supply chain. The Covid-19 pandemic had vastly impacted different segments of the IoT market. Many hardware installations were postponed as travel came to a standstill and capital expenditure budgets were frozen. At the same time, software tools, especially those that could serve as responses to the pandemic (e.g., IoT-based remote asset monitoring) and those allocated to operational expenditures, saw a smaller negative effect which had negatively impacted the market size of off-highway vehicle telematics market.
Based on technology, the off-highway vehicle (OHV) telematics market is segmented into satellite and cellular. Amongst technology, cellular caters considerable market share and expected to dominate in the forecast period as well. It is mainly owing to the increasing prevalence of devices using cellular network to transmit data escalating its growth.
Based on sales channel, the off-highway vehicle (OHV) telematics market is divided into OEM and Aftermarket. Currently, OEM acquired substantial market share and expected to have influential growth rate in the forecasted period as well.
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For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. In 2020, North America dominated the market predominantly because of the government orders that requires federal fleets to account for data in a fleet management information system (FMIS) to enhance the function of vehicle and also aims at reducing the carbon emission.
Some of the major players operating in the market include TomTom International BV, Zonar Systems Inc., Harman International Industries Inc., Bridgestone Europe NV/SA, Trackunit A/S, ORBCOMM Inc., Omnitracs LLC, Topcon Corporation, Navman Wireless, Wacker Neuson SE. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.
Global Off-Highway Vehicle (OHV) Telematics Market Segmentation
Market Insight, by Technology
Market Insight, by Sales Channel
Market Insight, by End-User
Market Insight, by Region
- North America Off-Highway Vehicle (OHV) Telematics Market
- United States
- Rest of North America
- Europe Off-Highway Vehicle (OHV) Telematics Market
- United Kingdom
- Rest of Europe
- Asia-Pacific Off-Highway Vehicle (OHV) Telematics Market
- Rest of Asia-Pacific
- Rest of World Off-Highway Vehicle (OHV) Telematics Market
Top Company Profiles
- TomTom International BV
- Zonar Systems Inc.
- Harman International Industries Inc.
- Bridgestone Europe NV/SA
- Trackunit A/S
- ORBCOMM Inc.
- Omnitracs LLC
- Topcon Corporation
- Navman Wireless
- Wacker Neuson SE