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Global Off-Highway Vehicle (OHV) Telematics Market is expected to grow at a CAGR of 14.2% over the Forecast Period: Absolute Markets Insights

Published On 22 Dec 2021 11:38 AM


An off-highway vehicle (OHV) is explained as any vehicle designed to be driven off-road. Some cars are built for extreme off-road conditions like mud and snow, while others are built for everyday off-road driving. Although telematics systems are often used to track off-road vehicles, several companies have started to connect off-road vehicle telematics systems with on-car goods to provide a smooth and a complete integrated solution. Additionally, government policies to increase road safety and security of off-highway vehicles has led to an increased demand of telematics globally, thereby fueling the growth of off-highway (OHV) telematics market.

In terms of revenue, global off-highway vehicle (OHV) telematics market was valued at US$ 799.43 in 2020 and is anticipated to grow at a CAGR of 14.2% over the forecast period. The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.

View Full Report Link:https://www.absolutemarketsinsights.com/reports/Global-Off-Highway-Vehicle-OHV-Telematics-Market-2021---2029-998

Our 420+ Pages Report titled, Off-Highway Vehicle (OHV) Telematics Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021 - 2029”, will encompass in-depth information on the following pointers:

  • Global market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments along with a further split across all major regions/countries
  • In our analysis for the same, we have taken into consideration, 2015 to 2019 as historic years, 2020 as the base year and 2021 to 2029 has been taken as the forecast period.
  • Market Dynamics (Opportunities, Drivers and Restraints)
  • Business and Technology Trends
  • Impact of the Pandemic on Global Off-Highway Vehicle (OHV) Telematics Market
  • Regulatory Landscape
  • Porter’s Five Forces Analysis
  • Competitive Benchmarking
    • Global Presence and Growth Strategies
    • Market Share Analysis, 2020
  • Detailed profiles of major market participants operating in the market, encompassing information pertaining to company details, company overview, product offerings, key developments, financial analysis, SWOT analysis and business strategies
  • We also offer research studies focusing on specific regions, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America
  • The reports can be provided in different languages including German, French, Russian, Spanish, Japanese, Korean, Arabic and Chinese amongst other languages.

Telematics for off-highway vehicles (OHVs) are usually provided in sets that contain both handheld and in-dash devices, along with customizable solutions that operate together to boost productivity and profitability. Live monitoring, vehicle diagnostics, driver management, vehicle telematics reporting, customer service, and driver and seat position tracking are all included in certain packages for real-time car telematics. Several off-road vehicle telematics systems now feature a GPS/RFID reader that gets data from onboard computer systems as well as a remote place like a farm or a person's house. These systems are then provided to owners of on-road cars, who utilize the information to guide their off-road vehicles in line with road conditions and other road users. Furthermore, few modern off-road vehicle telematics systems also include the most up-to-date satellite technology, allowing cars to interface with weather-related facilities and provide precise information to drivers. Major automotive companies in the market are undertaking strategic initiatives to enhance their market presence and also to strengthen their offerings. For instance, in September 2019, Bridgestone Corporation entered into an agreement to acquire the digital fleet solutions business of TomTom Telematics. The company provides a wide range of digital solutions and data platform for connected vehicles enabling safer driving and enhanced productivity.

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The detailed research study provides qualitative and quantitative off-highway vehicle (OHV) telematics market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:  

  • Telematics in off-highway vehicle are now being used on a large scale for continuous monitoring and diagnosis of system fault alerts in both on-highway and off-highway applications across a broad range of equipment, using appropriate mobile app, email or web portal.
  • The cellular telematics is gaining popularity in the market due to the emergence of 5G technologies for more effective and faster communication. With the use of telematics technology, drivers can send and receive data between vehicles, across far-away destinations and also to any desired user.
  • Over the last few years, an increase in partnership amongst OEM and telematics providers have been observed, owing to increased demand from end users for telematics embedded vehicles for tracking and safety. OEMs are looking forward to make it easier for end users to control their vehicles through telematics technologies.
  • Trucking and construction equipment manufacturers are working closely with their clientele in order to incorporate telematics technologies. Telematics has enabled the construction firms to track both, the location and performance of their equipment. It helps them to monitor construction equipment utilization and ensure that assets are being used efficiently.
  • Asia Pacific is estimated to witness fastest growth rate over the period of next eight years in the global off-highway vehicle (OHV) telematics market. In Asia Pacific countries, there is a growing awareness regarding the importance of telematics systems in OHVs, as well as significant technical progress which is expected to provide major growth opportunities. JCB, for instance, announced the launch of ‘JCB Livelink’ in the India market. The telematics system allows users to remotely track equipment.
  • Some of the players operating in the global off-highway vehicle (OHV) telematics market ACTIA Group, Airbiquity Inc., AT&T, Bridgestone Mobility Solutions B.V., HARMAN International., Infineon Technologies AG, KORE Wireless, LINXUP, MiX Telematics, ORBCOMM Inc., Teletrac Navman US Ltd, Topcon, Trimble, Verizon, and Zonar Systems amongst others.

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Global Off-Highway Vehicle (OHV) Telematics Market:

  • By Component
  • Hardware
  • Solutions
  • Services
  • By Connectivity
  • Satellite
  • Cellular
  • By Organization Size
  • Small and Medium Enterprises
  • Large Enterprises
  • By Function
  • Fleet and Asset Management
  • Workflow Management
  • Preventive Diagnostics and Maintenance
  • Others
  • By End Use
  • Farm Equipment
    • Tractors
    • Combines
    • Irrigation Units
    • Others
  • Construction
    • Bulldozers
    • Cranes
    • Pavers
    • Mixers
    • Others
  • Mining
  • Landscaping
  • Others
  • By Distribution Channel
  • After Market
  • Original Equipment Manufacturer (OEM)
  • By Region
  • North America
    • U.S
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America 

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Press Release Provided By: Absolute Markets Insights