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.
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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.
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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
In terms of sales channel, the global Off-Highway Vehicle (OHV) Telematics Market is segregated into
In terms of components, the global Off-Highway Vehicle (OHV) Telematics Market is segregated into
By end use application, the global Off-Highway Vehicle (OHV) Telematics Market is also classified into,
ü Dump Trucks
ü Surface Mining Machinery
ü Underground Mining Machinery
By country/region, the global Off-Highway Vehicle (OHV) Telematics Market has been divided into
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
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.
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.
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
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