Off-Highway Vehicle Telematics Market Anticipated to Reach $X.XX Billion in 2025, BIS Research Report


Posted April 20, 2022 by harshbisR-0

According to Bis Research, The off-highway vehicle telematics market is projected to reach $2.95 billion by the end of 2025. The off-highway vehicle telematics market analyzed by BIS Research is expected to show decent growth in the coming years.
 
According to Bis Research, The off-highway vehicle telematics market is projected to reach $2.95 billion by the end of 2025. The off-highway vehicle telematics market analyzed by BIS Research is expected to show decent growth in the coming years. An off-highway vehicle (OHV) is defined by its ability to be driven on non-tarmac roads. The vehicle design for such applications revolves around high ground clearance, heavy-duty chassis structure, and high load-carrying capacity. This report considers only heavy equipment/vehicles used for industrial applications for estimations and forecast.

An off-highway vehicle (OHV) is defined by its ability to be driven on non-tarmac roads. The vehicle design for such applications revolves around high ground clearance, heavy-duty chassis structure, and high load-carrying capacity. This report considers only heavy equipment/vehicles that are used for industrial applications for estimations and forecast. Off-highway vehicles have a significant range of applications within construction, agriculture, and mining, among other industries. Global mobility trends such as connected, autonomous, and electric propulsion have impacted several industrial sectors.

Navigation, ELD Compliance, and Customizable Services Solution Types to Generate Highest Demand:

The prominent types of telematics solutions which are being developed for applications in OHVs are segmented in four categories. As the penetration rate of telematics increases in OHVs, various widely-utilized telematics solutions would become more prominent in OHVs.

5G-based Telematics Connectivity to have the Highest Growth Rate in the Global OHV Telematics Market:

The global OHV telematics market encompasses three major types of connectivity: 3G, 4G, and 5G. While 3G and 4G connectivity have been present in the market for many years, the development of 5G connectivity would lead to enhanced telematics connectivity along with enabling the transfer of high-volume vehicle data through V2X connectivity.

Asia-Pacific & Japan to Witness Fastest Growth in Global OHV Telematics Market:

The demand for OHV telematics varies according to various geographical regions. North America is currently the largest region in the OHV Telematics market. Government regulations, technological advancements, extensive investments for dedicated R&D facilities, and the presence of major off-highway vehicle OEMs and Tier 1 companies are some of the major drivers that are propelling the growth of the market in the region.

By 2030, Asia-Pacific & Japan is estimated to be the largest region in the OHV Telematics market. This is mainly due to the increasing utilization of off-highway equipment in the region while replacing manual labor, to increase the efficiency at various sites, along with the increasing penetration of connectivity in various countries in the region.

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Industry Outlook:

Supply Chain Network/MAP:

Technology preferences and consumer expectations are gradually changing with the growth of the digital ecosystem. Digital technology talks about two main cases – data generation and data analytics. The off-highway vehicle telematics industry is a highly interdependent domain, which is connected via partnerships, collaborations, and the supply of services and products. The supply chain of these services can be broken down into microlevels, starting from wafer/chip manufacturing to semiconductors. The chain is divided into six major heads: embedded systems suppliers, telematics device manufacturers, telecommunication and connectivity solution providers, telematics service providers, content and information providers, and original equipment manufacturers (OEMs).

Usage of autonomous vehicles (AVs) reduces the traffic density due to fleet formation by connected vehicles utilizing the road network. Also, autonomous systems enable these vehicles to park themselves, reducing the congestion further. The geographical infrastructure of the roads across the globe and technical and safety concerns of using the self-driving vehicles are some of the restraints faced by both the AV OEMs and hardware manufacturers. Simultaneously, the high growth potential of these vehicles in commercial applications like product deliveries, taxi services (robotaxis), and mining activities are some of the factors that are expected to drive the market in the upcoming years, thus, stimulating the development and manufacturing of advanced processors for autonomous vehicles in the market.

Business Drivers:

Safety and Security Requirement for Vehicles and On-Site Professionals:

With increasing security concerns across the world, off-highway vehicle tracking is a top priority. OHV is known as an asset due to the high cost of purchase for the equipment. In the overall OHV market scenario, the off-highway vehicle/equipment used in construction and agriculture industries is the costliest. In the off-highway vehicle market, the equipment rental services, from either an OEM directly or a third-party contractor, form an essential business model. In both cases, the service provider would be very keen to track and monitor its asset (equipment), the active job hours, driver behavior, and geofencing services.

Business Strategies:

This section provides an organization the edge to understand its key business strategy in the industry, current competitors, and potential future competitors that might have made their way into the market. This section details the latest strategies and developments adopted by the key market players in the global OHV telematics market. In order to lead the market as well as engage in the process of market growth, a company needs to bring new products to the market, invest toward innovations, and collaborate with other top tier-1 component providers to further strengthen its market position.

Key Questions Answered in this Report:

• What are the key drivers and challenges in the global off-highway vehicle telematics market?
• How does the supply chain function in the global off-highway vehicle telematics market?
• Which application type segment is estimated to witness the maximum demand growth in the global off-highway vehicle telematics market during 2019-2030?
• Which are the key application areas for which different equipment types may experience high demand during the forecasted period, 2020-2030?
• Which are the key suppliers of different off-highway vehicle telematics solutions?
• What are the business and corporate strategies of telematics providers involved in the global off-highway vehicle telematics market?
• What are the key offerings of the prominent manufacturers in the global off-highway vehicle telematics market?
• Which regions and countries are leading in terms of consumption of off-highway vehicle telematics, and which of them are expected to witness high demand growth from 2020 to 2030?
• What are the new application areas within an off-highway vehicle for related telematics solutions?
• What are the key consumer attributes in various regions for off-highway vehicle telematics?
• How is the market landscape for telematics manufacturers expected to be formed for off-highway vehicles?

About BIS Research:

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

What distinguishes BIS Research from the rest of the players is that we don’t simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

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Contact Email [email protected]
Issued By Harsh Singla
Country United States
Categories Advertising , Automotive , Research
Tags off highway vehicle telematics market intelligence , off highway vehicle telematics market players , offhighway vehicle telematics industry , offhighway vehicle telematics market , offhighway vehicle telematics market report , offhighway vehicle telematics market share , offhighway vehicle telematics report , ohv telematics market
Last Updated April 20, 2022