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 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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