Off-Highway Vehicle (OHV) Telematics Market: Current Analysis and Forecast (2021-2027)

Off-Highway Vehicle (OHV) Telematics Market: Current Analysis and Forecast (2021-2027)

  • UnivDatos Market Insight
  • December 2021
  • Machines
  • 212 pages

Report Description

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. Telematics is the technology of receiving, sending, and storing information through the use of telecommunication devices. Telematics is typically used in road transport, electric engineering, road safety, and computer science. Telematics involves different technologies including global navigation satellite systems, integrated telecommunications and informatics, and the use of road vehicles with telematics. The market size of off-highway vehicle telematics has been hard hit in 2020 due to low oil prices, IoT spending in the oil and gas industry declining much more than the global average. On the other hand, driven by the boom in ecommerce and online shopping, IoT spending in warehousing companies rose by 22.3% in 2020.

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. 

Based on end-user, the market is classified into agriculture, construction, mining and others. Construction sector is cater extensive share in the market. Adoption of telematics in the construction segment is higher due to increasing demand for telematics technology from construction equipment rental companies.

For a better understanding of the market adoption of off-highway vehicle (OHV) telematics , the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), and Rest of World.  

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 is expected to grow at a CAGR of around 12% during the forecast period (2021-2027). Factors that are driving the market share of off-highway vehicle (OHV) telematics such as increasing application of OHV telematics in off highway vehicles, surging 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. In addition, the automotive industry is tapping into next-generation technologies such as automotive telematics, while assisting the development and performance of machinery. Driven by this, the market is anticipated to witness substantial growth over the forecast period.

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 and in some rare cases even a pandemic-led boost. Hence, impacted the market size of off-highway vehicle telematics market.

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&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst Technology, Cellular segment holds the major share”

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 is escalating its growth.

“Amongst Sales Channel, OEM segment holds the major share”

Based on sales channel, the global off-highway vehicle (OHV) telematics market is classified into aftermarket and OEM. Currently, OEM acquired substantial market share and expected to have influential growth rate in the forecasted period as well. As stringent government policies focusing on the safety and security of off-highway vehicles have propelled, the adoption of telematics among the OEMs.

“Amongst End-User, Construction Segment holds the major share”

Based on end-user, the market is classified into agriculture, construction, mining and others. Construction sector is catering extensive share in the market. Adoption of telematics in the construction segment is higher due to increasing demand for telematics technology from construction equipment rental companies and high competition is positively influencing the market demand.  

 “North America represents one of the largest markets of Global Off-Highway Vehicle (OHV) Telematics Market” 

For a better understanding of the market dynamics of the global Off-Highway Vehicle (OHV) Telematics market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe and Rest of the World. North America constitutes the largest market for the industry owing to the increasing awareness regarding significance of telematics systems in OHV and rapid development in the region is expected to provide major growth opportunities in the near future. 

Reasons to buy this report :

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options :

Global off-highway vehicle (OHV) telematics market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Countries covered

  • US
  • Canada
  • Rest of North America
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific 
  • Rest of the World

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Table of Content

1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Off-Highway Vehicle (OHV) Telematics Market
2.2. Research Methodology of the Off-Highway Vehicle (OHV) Telematics Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the Off-Highway Vehicle (OHV) Telematics Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

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