OFF-HIGHWAY VEHICLE (OHV) TELEMATICS MARKET ANALYSIS

1

• Coherent Market Insights
• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com
• OFF-HIGHWAY VEHICLE (OHV) TELEMATICS MARKET
  ANALYSIS

2
Market Overview

• 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.
  Practical applications of telematics include
  vehicle tracking, container tracking, trailer
  tracking, fleet management, telematics standards,
  car-sharing, emergency warning for cars, auto
  insurance, etc. Furthermore, off-highway vehicle
  (OVH) telematics refers to the integrated use of
  information and communication with
  telecommunications technology. OVH telematics
  finds applications in various sectors including
  agriculture, mining, constructions, etc.
• The global off-highway Vehicle (OHV) telematics
  market is estimated to account for US 116.3 Mn
  in terms of value in 2019 and is expected to grow
  at a CAGR of 13.3 during the forecasted period
  2019-27.

3
Market Dynamics- Drivers

• Gradual growth of construction industry after
  global economic recession is expected to drive
  growth of the global off-highway vehicle (OHV)
  telematics market during the forecast period
• Growing construction activities in private as
  well as public sectors are expected to boost the
  market growth in the near future. There is a
  number of infrastructure-related projects
  underway or planned across the globe in countries
  such as India, Philippines, UAE, Saudi Arabia,
  Egypt, Nigeria, and the U.S. For instance, in the
  Union Budget 201415, the Government of India
  allocated a budget of US 1.12 billion for the
  current fiscal year as part of the One Hundred
  Smart Cities project. Moreover, over the
  following 20 years, the government is expected to
  invest US 650 billion in various urban and
  infrastructure projects in the country. In the
  Middle East, various infrastructure projects are
  under development namely Jeddah Economic City
  (Saudi Arabia), Masdar City (UAE), and Dubailand
  (UAE). This rampant development in infrastructure
  projects is expected to boost the demand for
  construction equipment, which in turn, is
  expected to support growth of the market during
  the forecast period.
• Presence of regulatory policies to increase
  security and safety of off-highway vehicles is
  expected to propel the global off-high vehicle
  (OHV) telematics market growth over the forecast
  period
• Governments across numerous countries are
  developing stringent policies to ensure safety
  and security of off-highway vehicles. This
  includes periodic inspection, timely servicing of
  brakes, and integration of electronic tools and
  communication systems in these vehicles.
  According to the U.S. Department of Labors work
  practice established for operation of heavy
  equipment, it is obligatory to check engine
  parts, service brakes and other accessories of
  heavy equipment such as dump trucks and loaders
  at the beginning of each shift, in order to
  ensure safety. Telematics system offers timely
  updates of engine and drives performance to the
  fleet operator and also works as a mode of
  communication. Moreover, installation of
  telematics in heavy equipment minimizes labor and
  time required for manual checking of equipment.

4

• North America region dominated the global
  off-highway Vehicle (OHV) telematics market in
  2019, accounting for 63.7 share in terms of
  value, followed by Europe and Asia Pacific,
  respectively.

5
Market Dynamics- Restraints

• Growing reluctance of end users to change
  business practices is expected to restrain growth
  of the global off-high vehicle (OHV) telematics
  market during the forecast period
• Telematics systems facilitate real-time
  monitoring of off-highway vehicles and also
  drivers. Majority of fleet operators and drivers
  operating off-highway vehicles consider this to
  be an intrusion of privacy and are reluctant to
  install telematics systems in their fleets.
  Telematics systems collect and transmit
  information such as real-time tracking, vehicle
  diagnostics, changes in speed and harsh driving
  practice, among others. However, car rental
  companies are reluctant to provide such data of
  their fleet with third-party telematics solution
  providers. Moreover, growing uncertainty among
  fleet operators rewarding legal connotations
  related to installation of trackers is expected
  to hamper the global off-high vehicle (OHV)
  telematics market growth in the near future.
• Lack of training for the use in heavy equipment
  is expected to hinder the global off-high vehicle
  (OHV) telematics market growth over the forecast
  period
• Slow adoption and lack of awareness among fleet
  owners for adoption of telematics systems are
  expected to reduce exposure of heavy equipment
  operators and OHV drivers to advanced telematics
  systems. However, educational training programs
  will facilitate them to understand benefits
  system and its effective use. Hence, these
  factors are expected to restrain the market
  growth in the near future.

6
Market Opportunities

• Significant market potential in emerging
  economies such as India and China
• Although China and India are the largest
  market for off-highway equipment, the penetration
  of telematics is low in these countries as
  compared to North America and Europe. Increasing
  awareness regarding significance of telematics
  systems in OHV and rapid development in these
  countries is expected to provide major growth
  opportunities in the near future. Moreover,
  numerous manufacturers are launching OHV equipped
  with telematics systems, in order to capitalize
  on the lucrative market in the region. For
  instance, in 2015, JCB launched JCB Livelink, a
  telematics system that allows users to remotely
  track equipment, in the India market.
• Rising integration of Internet of Things (IoT)
  can provide major business opportunities
• IoT has evolved through union of
  micro-electromechanical systems, internet, and
  wireless technologies. With IoT, fleet owners can
  remotely monitor the vehicle speed, tire air
  pressure, fuel consumption, and driver behavior,
  which in turn, can be used to improve efficiency
  of the vehicle and the driver. Telematics systems
  developers can integrate this technology to
  develop telematics solutions as per specific
  requirements in mining, agriculture and
  construction industries, where operational cost
  is significant. Moreover, it can be used to
  deliver specific telematics solutions to specific
  requirements of mining, agriculture, and
  construction industries sectors.

7

• In global off-highway Vehicle (OHV) telematics
  market, by technology segment cellular
  sub-segment dominated the global off-highway
  Vehicle (OHV) telematics market in 2019,
  accounting for 73.3 share in terms of value,
  followed by satellite sub segment.

8
Market Trends

• Rising partnership and collaboration activities
  among OEMs and telematics providers
• Major OEMs are focused on collaborating with
  telematics solution providers, in order to offer
  enhanced services and strengthen the market
  presence. For instance, Major OEMs such as JCB,
  Komatsu, John Deere, and Caterpillar collaborated
  with telematics companies such as Microlise,
  ORBCOMM, and Trimble to offer one-stop hardware
  and service solution for end users. Moreover,
  OEMs are focused on introducing off-highway
  vehicles equipped with telematics systems, in
  order to reduce the role of telematics system
  providers in the aftermarket.
• Growing adoption of telematics by equipment
  rental companies
• Equipment rental companies play a crucial role in
  mining, construction, and oil gas sectors
  across the globe. Telematics provides enhanced
  safety and security with lost-cost of ownership,
  performance monitoring of fleet, and precise
  billing of future or historic job. These factors
  are encouraging equipment rental companies to
  adopt telematics in the near future.

9
Value Chain Analysis
10
Competitive Section

• Key players operating in the global off-high
  vehicle (OHV) telematics market are 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, and MiX Telematics Limited.

11
Key Developments

• Key companies in the market are focused on
  mergers and acquisitions, in order to enhance the
  market presence. For instance, in April 2019,
  Bridgestone Europe NV/SA, a subsidiary of
  Bridgestone Corporation, acquired TomTom
  Telematics, a subsidiary of TomTom International
  BV for US 1 billion.
• Major players in the market are involved in
  product launches, in order to gain a competitive
  edge in the market. For instance, in April 2019,
  Harman International Industries Inc., a
  subsidiary of Samsung Electronics, introduced
  5G-ready Telecommunication Control Unit (TCU)

12

• Request Sample Report https//www.coherentmarket
  insights.com/insight/request-sample/3700
• Request Customization https//www.coherentmarketi
  nsights.com/insight/request-customization/3700
• Download PDF Brochure https//www.coherentmarketi
  nsights.com/insight/request-pdf/3700
• Talk to Analyst https//www.coherentmarketinsight
  s.com/insight/talk-to-analyst/3700
• Reference
• https//www.coherentmarketinsights.com/marke
  t-insight/off-highway-vehicle-telematics-market-37
  00

13
About Us

• Coherent Market Insights is a global market
  intelligence and consulting organization focused
  on assisting our plethora of clients achieve
  transformational growth by helping them make
  critical business decisions.
• What we provide
• Customized Market Research Services
• Industry Analysis Services
• Business Consulting Services
• Market Intelligence Services
• Long term Engagement Model
• Country Specific Analysis

14
Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com

15
Thank You!

• Kindly follow CMI Social Media Profiles for the
  latest company updates
• Facebook
• Linkedin
• Twitter
• https//www.coherentmarketinsights.com/