Figure 1. Research Method Flow Chart 10
Figure 2. Breakdown of Primary Research 12
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 4. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 5. North America OHV Telematics Market, 2019-2030, $ mn 18
Figure 6. World OHV Registered Volume (million units), OHV Telematics System Volume (million units), and Penetration of OHC Telematics (%), 2019-2030 19
Figure 7. Average Selling Price (ASP) of OHV Telematics, 2019-2030, USD/unit/year 19
Figure 8. Impact of COVID-19 on Business 22
Figure 9. Primary Drivers and Impact Factors of North America OHV Telematics Market 24
Figure 10. Primary Restraints and Impact Factors of North America OHV Telematics Market 27
Figure 11. Investment Opportunity Analysis 31
Figure 12. Porter’s Fiver Forces Analysis of North America OHV Telematics Market 34
Figure 13. Breakdown of North America OHV Telematics Market by Component, 2019-2030, % of Revenue 39
Figure 14. North America Addressable Market Cap in 2021-2030 by Component, Value ($ mn) and Share (%) 39
Figure 15. North America OHV Telematics Market: Hardware & Devices, 2019-2030, $ mn 40
Figure 16. North America OHV Telematics Market: Telematics Platform, 2019-2030, $ mn 41
Figure 17. North America OHV Telematics Market: Telematics Network, 2019-2030, $ mn 42
Figure 18. North America OHV Telematics Market: Support & Services, 2019-2030, $ mn 43
Figure 19. Breakdown of North America OHV Telematics Market by Connectivity, 2019-2030, % of Sales Revenue 45
Figure 20. North America Addressable Market Cap in 2021-2030 by Connectivity, Value ($ mn) and Share (%) 45
Figure 21. North America OHV Telematics Market: Cellular Connectivity, 2019-2030, $ mn 46
Figure 22. North America OHV Telematics Market: 3G Cellular Network, 2019-2030, $ mn 47
Figure 23. North America OHV Telematics Market: 4G Cellular Network, 2019-2030, $ mn 48
Figure 24. North America OHV Telematics Market: Other Cellular Networks, 2019-2030, $ mn 49
Figure 25. North America OHV Telematics Market: Satellite Connectivity, 2019-2030, $ mn 50
Figure 26. Breakdown of North America OHV Telematics Market by Industry Vertical, 2019-2030, % of Sales Revenue 52
Figure 27. North America Addressable Market Cap in 2021-2030 by Industry Vertical, Value ($ mn) and Share (%) 52
Figure 28. North America OHV Telematics Market: Construction Industry, 2019-2030, $ mn 53
Figure 29. North America OHV Telematics Market: Agriculture, 2019-2030, $ mn 55
Figure 30. North America OHV Telematics Market: Mining Industry, 2019-2030, $ mn 57
Figure 31. North America OHV Telematics Market: Forestry, 2019-2030, $ mn 59
Figure 32. North America OHV Telematics Market: Other Industry Verticals, 2019-2030, $ mn 60
Figure 33. Breakdown of North America OHV Telematics Market by Sales Channel, 2019-2030, % of Revenue 62
Figure 34. North America Addressable Market Cap in 2021-2030 by Sales Channel, Value ($ mn) and Share (%) 62
Figure 35. North America OHV Telematics Market: OEM Sales, 2019-2030, $ mn 63
Figure 36. North America OHV Telematics Market: Aftermarket Sales, 2019-2030, $ mn 64
Figure 37. Breakdown of North America OHV Telematics Market by Country, 2019 and 2030F, % of Revenue 66
Figure 38. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 67
Figure 39. U.S. OHV Telematics Market, 2019-2030, $ mn 69
Figure 40. Canada OHV Telematics Market, 2019-2030, $ mn 71
Figure 41. OHV Telematics Market in Mexico, 2015-2030F, $ mn 73
Figure 42. Growth Stage of North America OHV Telematics Industry over the Forecast Period 75
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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