North America Off-Highway Vehicle Telematics Market 2020-2030

North America dominates the off-highway vehicle (OHV) telematics market and will continue to flourish its trend of dominance during the forecast period owing to increasing adoption of telematics technologies across the applications such as construction and mining equipment in the region. Asia Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is due to increasing production of automobiles in the country, technological advancement in the country is on the upswing. Adoption of artificial intelligence, internet of thinking in this region. North America off-highway vehicle (OHV) telematics market is expected to grow by 11.1% annually in the forecast period and reach $1,875.5 million by 2030, owing to cost reduction from telematics, technological advancements, rising electrification in automobiles, and the growing government initiatives to improve off-highway vehicles' safety and security.

The automotive industry is tapping into next-generation technologies such as Automotive Telematics, while assisting the development and performance of machinery. Several governments are developing strict laws to enhance the safety and security of off-highway vehicles. This includes routine inspections, timely brake servicing, and integrating electronic tools and communication systems in vehicles. The telematics system provides fleet operators with fast updates on the engine and driving performance and serves as a communication channel. Furthermore, installing telematics in heavy machinery reduces the work and time necessary for manual equipment inspection. The demand for rules in the off-highway vehicle telematics market stems from the desire to standardize equipment, improve equipment performance, and reduce accident risks throughout the construction industry. According to an Occupational Safety and Health Administration report, the US experienced roughly 15 deaths per day on average in 2019—i.e., 5,333 workers died due to machinery and equipment failure in 2019. The automakers and OEMs are implementing modern technologies such as artificial intelligence and the internet of things to increase performance and offer real-time data, reducing risk on building sites. Therefore, stringent government policies are supporting the North America off-high vehicle telematics market.

The North America off-highway vehicle telematics market is analyzed on the basis of connectivity type, application, technology, and country. Based on connectivity type, the market is segmented into cellular-based OHV telematics and satellite-based OHV telematics. The cellular-based OHV telematics segment dominated the market in 2020, and the satellite-based OHV telematics segment is expected to report the fastest growth during the forecast period. In terms of application, the market is segmented into construction industry OHV telematics, agriculture industry OHV telematics, mining industry OHV telematics, and others. The construction industry OHV telematics segment dominated the market in 2020, and the agriculture industry OHV telematics segment is expected to report the fastest growth during the forecast period. Based on technology, the market is segmented into LTE-M, NB-IoT, Sigfox, and others. The LTE-M segment dominated the market in 2020, and the same segment is expected to report the fastest growth during the forecast period. Based on country, the North America off-highway vehicle telematics market is segmented into the US, Canada, and Mexico.

Growing adoption of telematics technologies across construction, agriculture and mining equipment is the major factor accelerating the growth of the off-highway vehicle (OHV) telematics market in the forecast period.Furthermore, growing adoption of telematics technologies within the automotive industry and development and performance of machinery accelerate the market growth. The increase in the demand for cellular technology with increasing application within construction and mining industries and reduction in the cost of telematics services further influence the market. Also, government policies to increase safety and security are expected to drive the growth of the off-highway vehicle (OHV) telematics market. However, reluctance to change business practices and lack of standardization restrains the off-highway vehicle (OHV) telematics market, whereas, fluctuating price of modern technology will challenge the growth of off-highway vehicle (OHV) telematics market in the above mentioned forecast period.

Highlighted with 26 tables and 42 figures, this 98-page report “North America Off-Highway Vehicle (OHV) Telematics Market 2020-2030 by Component (Hardware, Platform, Network, Services), Connectivity (Cellular, Satellite), Industry Vertical, Sales Channel (OEM, Aftermarket), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America OHV telematics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America OHV telematics market in every aspect of the classification from perspectives of Component, Connectivity, Industry Vertical, Sales Channel, and Country.

Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Hardware & Devices
• Telematics Platform
• Telematics Network
• Support & Services

Based on Connectivity, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Cellular Connectivity
o 3G Cellular Network
o 4G Cellular Network
o Other Cellular Networks
• Satellite Connectivity

Based on Industry Vertical, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• Construction Industry
o Dump Trucks
o Excavators
o Loaders
o Dozers
o Cranes
o Others
• Agriculture
o Harvesters
o Tractors
o Others
• Mining Industry
o Load-Haul-Dumps (LHDs)
o Loaders
o Roof Bolters
o Rigs
o Conveyors
o Others
• Forestry
• Other Industry Verticals

Based on Sales Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
• OEM Sales
• Aftermarket Sales

Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of key national markets by Component, Connectivity, and Industry Vertical over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
CalAmp Corp.
Caterpillar Inc.
Deere & Company
Harman International Industries Inc
Hitachi Construction Machinery
JCB
Komatsu Ltd.
Leica Geosystems
MiX Telematics Limited
Omnitracs, LLC
Orbcomm Inc.
Stoneridge, Inc.
Teletrac Navman
Topcon Corporation
Trackunit A/S
Verizon Communication Inc.
Volvo Construction Equipment
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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