Off-Highway Vehicle (OHV) Telematics Market

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OFF-HIGHWAY VEHICLE (OHV) TELEMATICS MARKET
ANALYSIS

• Off-Highway Vehicle (OHV) Telematics  Market,
  By End-use Application (Construction, Agriculture
  and Mining) by Technology (Cellular and
  Satellite), by Sales Channel (OEM and
  Aftermarket), and by Region (North America,
  Europe, Asia Pacific, and Latin America, Middle
  East Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2019 - 2027

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• Market Overview
• 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.
• 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
• 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

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Figure 1. Market Drivers
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• 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
• 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

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• Market Opportunities
• Significant market potential in emerging
  economies such as India and China
• Rising integration of Internet of Things (IoT)
  can provide major business opportunities

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Figure 2. Off Highways Market Opportunities
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Figure 3 Market Share
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• Market Trends
• Rising partnership and collaboration activities
  among OEMs and telematics providers
• Growing adoption of telematics by equipment
  rental companies

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• 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.
• 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.

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