Asia Pacific Off-Highway Vehicle Telematics Market 2020-2030

Asia Pacific off-highway vehicle (OHV) telematics market will grow by 13.1% annually with a total addressable market cap of $6,029.5 million over 2021-2030.

Asia Pacific off-highway vehicle (OHV) telematics market will grow by 13.1% annually with a total addressable market cap of $6,029.5 million over 2021-2030 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 report provides trends prevailing in the APAC off-highway vehicle telematics market along with the drivers and restraints pertaining to the market growth. Increasing integration of IoT and growing technological advancements in off-highway vehicle telematics are the major factor driving the growth of the APAC off-highway vehicle telematics market. However, surging uncertainty among fleet operators hinders the growth of APAC off-highway vehicle telematics market. The APAC off-highway vehicle telematics market is segmented based on connectivity type, application, technology, and country. Based on connectivity type, the APAC off-highway vehicle telematics market is segmented into cellular-based OHV telematics and satellite-based OHV telematics. The cellular-based OHV telematics segment dominated the APAC off-highway vehicle telematics market in 2020 and satellite-based OHV telematics segment is expected to be fastest growing during forecast period. In terms of application, the APAC off-highway vehicle telematics 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 APAC off-highway vehicle telematics market in 2020 and agriculture industry OHV telematics segment is expected to be fastest growing during forecast period. Based on technology, the APAC off-highway vehicle telematics market is segmented into LTE-M, NB-IoT, Sigfox, and others. The LTE-M segment dominated the APAC off-highway vehicle telematics market in 2020 and NB-IoT segment is expected to be fastest growing during forecast period. Based on country, the APAC off-highway vehicle telematics market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.  

With electric vehicle and autonomous vehicles trend, the automotive industry is witnessing a massive transformation like the development of new areas, such as Advanced Driver Assistance System (ADAS), Mobility-as-a-Service providers (MaaS) and CASE, the entry of new industries utilizing IoT technology, and the emergence of new services such as ride-sharing and car-sharing. All these applications require fast data transmission, analysis, and implementation. All these factors are mainly driving the growth in the Asia-Pacific telematics market.? The passenger car segment is expected to remain the major segment for the Asian telematics market, owing to a high sales rate. The passenger segment is mainly driving, owing to an increase in demand for safety and convenience telematics services. Countries, like China, India, Australia, Japan, among others, have major markets for passenger vehicles, and also the safety regulations for these vehicles are more stringent in these countries, which lead to the demand for high-end telematics services and connectivity solutions. ?

Also, the region's massive investment in 5G, along with promoting C-V2X, is further expanding the scope of automotive applications, such as autonomous driving, Vehicle-to-Everything (V2X), and MaaS market. Chipmakers are also active in this space. For instance, Qualcomm is working with over 30 Chinese automotive companies, including the China-based joint ventures, to demonstrate the commercial viability of C-V2X technology for autonomous and connected vehicles.

The regional governments are also playing a significant role in the growth of the market. For instance, in January 2019, the Indian government released a new AIS 140 Motor Vehicles Order that mandates all new public transport vehicles in the country (excluding taxis and rickshaws) to be fitted with location tracking devices and emergency panic buttons. In April 2020, the Chinese Ministry of Ecology and Environment (MEE) has published a draft regulation on heavy-duty vehicle telematics (remote OBD, OBD III) telematics is required for all HD vehicles

According to a study conducted by market vendor Tech Mahindra, to understand the buying behavior and level of awareness of automotive telematics technologies in India, 90% of respondents preferred buying a vehicle with telematics capabilities (in a 4 wheeler), 45% of respondents deemed it necessary to use telematics for safety and security, and 65% of respondents are comfortable with sharing their location details and driver behavior with fleet managers.?

COVID-Impact

The recession in the global automotive sector, the decline in manufacturing in countries, like India and China, and recent COVID-19 outbreak are expected to affect the studied market negatively in the short run. Also, price, along with product quality, is some of the major constraints of the studied market growth. For instance, only GPS tracking is a relatively cheap option. Whereas, a fully integrated telematics solution with other technologies such as electronic logging devices (ELDs), smart route planning, dash cams, and advanced driver management costs more upfront.?

Highlighted with 33 tables and 45 figures, this 106-page report “Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific OHV telematics market in every aspect of the classification from perspectives of Component, Connectivity, Industry Vertical, Sales Channel, and Country.

Based on Component, the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
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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Table of Contents

  • 1 Introduction 7
  • 1.1 Industry Definition and Research Scope 7
  • 1.1.1 Industry Definition 7
  • 1.1.2 Research Scope 8
  • 1.2 Research Methodology 11
  • 1.2.1 Overview of Market Research Methodology 11
  • 1.2.2 Market Assumption 12
  • 1.2.3 Secondary Data 12
  • 1.2.4 Primary Data 12
  • 1.2.5 Data Filtration and Model Design 14
  • 1.2.6 Market Size/Share Estimation 15
  • 1.2.7 Research Limitations 16
  • 1.3 Executive Summary 17
  • 2 Market Overview and Dynamics 19
  • 2.1 Market Size and Forecast 19
  • 2.1.1 Impact of COVID-19 on World Economy 21
  • 2.1.2 Impact of COVID-19 on the Market 23
  • 2.2 Major Growth Drivers 25
  • 2.3 Market Restraints and Challenges 28
  • 2.4 Emerging Opportunities and Market Trends 31
  • 2.5 Porter’s Fiver Forces Analysis 35
  • 3 Segmentation of Asia Pacific Market by Component 39
  • 3.1 Market Overview by Component 39
  • 3.2 Hardware & Devices 41
  • 3.3 Telematics Platform 42
  • 3.4 Telematics Network 43
  • 3.5 Support & Services 44
  • 4 Segmentation of Asia Pacific Market by Connectivity 45
  • 4.1 Market Overview by Connectivity 45
  • 4.2 Cellular Connectivity 47
  • 4.2.1 3G Cellular Network 48
  • 4.2.2 4G Cellular Network 49
  • 4.2.3 Other Cellular Networks 50
  • 4.3 Satellite Connectivity 51
  • 5 Segmentation of Asia Pacific Market by Industry Vertical 52
  • 5.1 Market Overview by Industry Vertical 52
  • 5.2 Construction Industry 54
  • 5.3 Agriculture 56
  • 5.4 Mining Industry 58
  • 5.5 Forestry 60
  • 5.6 Other Industry Verticals 61
  • 6 Segmentation of Asia Pacific Market by Sales Channel 62
  • 6.1 Market Overview by Sales Channel 62
  • 6.2 OEM Sales 64
  • 6.3 Aftermarket Sales 65
  • 7 Asia-Pacific Market 2019-2030 by Country 66
  • 7.1 Overview of Asia-Pacific Market 66
  • 7.2 Japan 69
  • 7.3 China 72
  • 7.4 Australia 75
  • 7.5 India 77
  • 7.6 South Korea 79
  • 7.7 Rest of APAC Region 81
  • 8 Competitive Landscape 83
  • 8.1 Overview of Key Vendors 83
  • 8.2 New Product Launch, Partnership, Investment, and M&A 87
  • 8.3 Company Profiles 88
  • CalAmp Corp. 88
  • Caterpillar Inc. 90
  • Deere & Company 91
  • Harman International Industries Inc 92
  • Hitachi Construction Machinery 93
  • JCB 94
  • Komatsu Ltd. 95
  • Leica Geosystems 96
  • MiX Telematics Limited 97
  • Omnitracs, LLC 98
  • Orbcomm Inc. 99
  • Stoneridge, Inc. 100
  • Teletrac Navman 101
  • Topcon Corporation 102
  • Trackunit A/S 103
  • Verizon Communication Inc. 104
  • Volvo Construction Equipment 105
  • Related Reports and Products 106

Table 1. Snapshot of Asia Pacific OHV Telematics Market in Balanced Perspective, 2019-2030 18
Table 2. Growth Rate of World GDP, 2020-2022 22
Table 3. Main Product Trends and Market Opportunities in Asia Pacific OHV Telematics Market 31
Table 4. Asia Pacific OHV Telematics Market by Component, 2019-2030, $ mn 39
Table 5. Asia Pacific OHV Telematics Market by Connectivity, 2019-2030, $ mn 45
Table 6. Asia Pacific OHV Telematics Market: Cellular Connectivity by Segment, 2019-2030, $ mn 47
Table 7. Asia Pacific OHV Telematics Market by Industry Vertical, 2019-2030, $ mn 52
Table 8. Asia Pacific OHV Telematics Market: Construction Industry by Equipment, 2019-2030, $ mn 55
Table 9. Asia Pacific OHV Telematics Market: Agriculture by Equipment, 2019-2030, $ mn 57
Table 10. Asia Pacific OHV Telematics Market: Mining Industry by Equipment, 2019-2030, $ mn 59
Table 11. Asia Pacific OHV Telematics Market by Sales Channel, 2019-2030, $ mn 62
Table 12. APAC OHV Telematics Market by Country, 2019-2030, $ mn 67
Table 13. Japan OHV Telematics Market by Component, 2019-2030, $ mn 71
Table 14. Japan OHV Telematics Market by Connectivity, 2019-2030, $ mn 71
Table 15. Japan OHV Telematics Market by Industry Vertical, 2019-2030, $ mn 71
Table 16. China OHV Telematics Market by Component, 2019-2030, $ mn 73
Table 17. China OHV Telematics Market by Connectivity, 2019-2030, $ mn 73
Table 18. China OHV Telematics Market by Industry Vertical, 2019-2030, $ mn 73
Table 19. Australia OHV Telematics Market by Component, 2019-2030, $ mn 76
Table 20. Australia OHV Telematics Market by Connectivity, 2019-2030, $ mn 76
Table 21. Australia OHV Telematics Market by Industry Vertical, 2019-2030, $ mn 76
Table 22. India OHV Telematics Market by Component, 2019-2030, $ mn 78
Table 23. India OHV Telematics Market by Connectivity, 2019-2030, $ mn 78
Table 24. India OHV Telematics Market by Industry Vertical, 2019-2030, $ mn 78
Table 25. South Korea OHV Telematics Market by Component, 2019-2030, $ mn 80
Table 26. South Korea OHV Telematics Market by Connectivity, 2019-2030, $ mn 80
Table 27. South Korea OHV Telematics Market by Industry Vertical, 2019-2030, $ mn 80
Table 28. OHV Telematics Market in Rest of APAC by Country/Region, 2019-2030, $ mn 82
Table 29. Breakdown of World Market by Key Vendor, 2020, % 85
Table 30. CalAmp Corp.: Company Snapshot 88
Table 31. CalAmp Corp.: Business Segmentation 88
Table 32. CalAmp Corp.: Product Portfolio 89
Table 33. CalAmp Corp.: Revenue, 2017-2019, $ mn 89

Figure 1. Research Method Flow Chart 11
Figure 2. Breakdown of Primary Research 13
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 4. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 17
Figure 5. Asia Pacific OHV Telematics Market, 2019-2030, $ mn 19
Figure 6. World OHV Registered Volume (million units), OHV Telematics System Volume (million units), and Penetration of OHC Telematics (%), 2019-2030 20
Figure 7. Average Selling Price (ASP) of OHV Telematics, 2019-2030, USD/unit/year 20
Figure 8. Impact of COVID-19 on Business 23
Figure 9. Primary Drivers and Impact Factors of Asia Pacific OHV Telematics Market 25
Figure 10. Primary Restraints and Impact Factors of Asia Pacific OHV Telematics Market 28
Figure 11. Investment Opportunity Analysis 32
Figure 12. Porter’s Fiver Forces Analysis of Asia Pacific OHV Telematics Market 35
Figure 13. Breakdown of Asia Pacific OHV Telematics Market by Component, 2019-2030, % of Revenue 40
Figure 14. Asia Pacific Addressable Market Cap in 2021-2030 by Component, Value ($ mn) and Share (%) 40
Figure 15. Asia Pacific OHV Telematics Market: Hardware & Devices, 2019-2030, $ mn 41
Figure 16. Asia Pacific OHV Telematics Market: Telematics Platform, 2019-2030, $ mn 42
Figure 17. Asia Pacific OHV Telematics Market: Telematics Network, 2019-2030, $ mn 43
Figure 18. Asia Pacific OHV Telematics Market: Support & Services, 2019-2030, $ mn 44
Figure 19. Breakdown of Asia Pacific OHV Telematics Market by Connectivity, 2019-2030, % of Sales Revenue 46
Figure 20. Asia Pacific Addressable Market Cap in 2021-2030 by Connectivity, Value ($ mn) and Share (%) 46
Figure 21. Asia Pacific OHV Telematics Market: Cellular Connectivity, 2019-2030, $ mn 47
Figure 22. Asia Pacific OHV Telematics Market: 3G Cellular Network, 2019-2030, $ mn 48
Figure 23. Asia Pacific OHV Telematics Market: 4G Cellular Network, 2019-2030, $ mn 49
Figure 24. Asia Pacific OHV Telematics Market: Other Cellular Networks, 2019-2030, $ mn 50
Figure 25. Asia Pacific OHV Telematics Market: Satellite Connectivity, 2019-2030, $ mn 51
Figure 26. Breakdown of Asia Pacific OHV Telematics Market by Industry Vertical, 2019-2030, % of Sales Revenue 53
Figure 27. Asia Pacific Addressable Market Cap in 2021-2030 by Industry Vertical, Value ($ mn) and Share (%) 53
Figure 28. Asia Pacific OHV Telematics Market: Construction Industry, 2019-2030, $ mn 54
Figure 29. Asia Pacific OHV Telematics Market: Agriculture, 2019-2030, $ mn 56
Figure 30. Asia Pacific OHV Telematics Market: Mining Industry, 2019-2030, $ mn 58
Figure 31. Asia Pacific OHV Telematics Market: Forestry, 2019-2030, $ mn 60
Figure 32. Asia Pacific OHV Telematics Market: Other Industry Verticals, 2019-2030, $ mn 61
Figure 33. Breakdown of Asia Pacific OHV Telematics Market by Sales Channel, 2019-2030, % of Revenue 63
Figure 34. Asia Pacific Addressable Market Cap in 2021-2030 by Sales Channel, Value ($ mn) and Share (%) 63
Figure 35. Asia Pacific OHV Telematics Market: OEM Sales, 2019-2030, $ mn 64
Figure 36. Asia Pacific OHV Telematics Market: Aftermarket Sales, 2019-2030, $ mn 65
Figure 37. Breakdown of APAC OHV Telematics Market by Country, 2019 and 2030F, % of Revenue 67
Figure 38. Contribution to APAC 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 68
Figure 39. OHV Telematics Market in Japan, 2019-2030, $ mn 70
Figure 40. OHV Telematics Market in China, 2019-2030, $ mn 72
Figure 41. OHV Telematics Market in Australia, 2019-2030, $ mn 75
Figure 42. OHV Telematics Market in India, 2019-2030, $ mn 77
Figure 43. OHV Telematics Market in South Korea, 2019-2030, $ mn 79
Figure 44. OHV Telematics Market in Rest of APAC, 2019-2030, $ mn 81
Figure 45. Growth Stage of Asia Pacific OHV Telematics Industry over the Forecast Period 83

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