Off-Highway Vehicle Telematics Market Demand, Revenue Forecast and Interesting Opportunities from 2021 to 2027 - CalAmp, Caterpillar, CNH Industrial

The Off-Highway Vehicle Telematics market research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2021 and 2027 and also provides the forecast data from year 2021 to 2027 which is based on revenue. With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights Off-Highway Vehicle Telematics market research report recommends a business strategy for present market participants to strengthen their position in the market.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: CalAmp, Caterpillar, CNH Industrial, Intellicar Telematics, JCB, MiX Telematics, Omnitracs, ORBCOMM, Stoneridge, Topcon Positioning Systems, Teletrac Navman, Trackunit, Verizon Connect

The Global Off-Highway Vehicle Telematics Market Size is Projected to Reach at a CAGR of 12.66% during 2021-2027.

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Market Overview

The market is primarily driven by technological improvements, aimed at enhancing the overall in-vehicle experience of the passengers and bringing about a greater degree of interaction within and among the vehicles.

Additionally, the market is driven by strict safety norms, increased safety awareness, and affordability to adopt few features of the telematics systems. However, the installation of a few advanced telematics infrastructure in the vehicles continues to be expensive.

The use of automotive telematics in EVs is also expected to propel the growth of the market in the future. The leading vendors are looking forward to leveraging the opportunities presented by the introduction of electric vehicles (EVs) in the market.

Covid-19 Impact and Recovery Analysis:

The number one goal of this Off-Highway Vehicle Telematics Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Off-Highway Vehicle Telematics market document.

Off-Highway Vehicle Telematics market Segmentation By Type:

Cellular-Based OHV Telematics

Satellite-Based OHV Telematics

Off-Highway Vehicle Telematics market Segmentation By Application:

Construction Industry

Agriculture Industry

Mining Industry

Others

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Key Market Trends

Safety and Security to Witness Faster Growth

Tracking stolen vehicles, automatically alerting the help centers in case of accidents, driver monitoring, and remote locking/unlocking of vehicles are the typical applications offered under the safety and security features of telematics devices.

To reduce road accidents, governments are further raising the bar for the safety evaluation of the vehicles, as well as reducing the turnaround time for medical help to vehicle operators, in case of emergencies.

Additionally, players in the automotive industry have been consistently working to improve vehicle safety and security features, by enhancing vehicle telematics technology, to meet the growing regulation standards in the respective regions.

Regional Analysis:

Asia-Pacific Expected to Capture Major Market Share

Asia-Pacific is one of the fastest emerging markets, due to its growing demand for fuel-efficient vehicles, along with the navigation feature (such as GPS) as a standard option to tackle issues, like growing fuel prices, increasing number of accidents, and vehicle thefts.

India recently released its first ARAI (Automotive Research Association of India) certified AIS (Automotive Industry Standard) 140 – a compliant vehicle telematics and emergency button solution.

The AIS 140 regulation is in line with the Indian Ministry of Road Transport and Highways (MoRTH) 2016 dictat.
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Off-Highway Vehicle Telematics Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of Off-Highway Vehicle Telematics Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Off-Highway Vehicle Telematics industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the Off-Highway Vehicle Telematics marketplace in the during the forecast period?
Impact of COVID-19:

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the Off-Highway Vehicle Telematics market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization: -

The Global Off-Highway Vehicle Telematics Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.

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