North America Off-Highway Vehicle Telematics Market Size Worth US$ 465.03 million by 2028 | CAGR: 5.8%: Business Market Insights

The North America off-highway vehicle telematics market is expected to grow from US$ 313.66 million in 2021 to US$ 465.03 million by 2028. It is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

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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.

The report provides trends prevailing in the North America off-highway vehicle telematics market along with the drivers and restraints pertaining to the market growth. Rising construction industry and strict government policies to increase security and safety of off-highway vehicle are the major factor driving the growth of the North America off-highway vehicle telematics market. However, rising uncertainty among fleet operators hinders the growth of North America off-highway vehicle telematics market.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the regional landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Off-Highway Vehicle Telematics market. The researcher provides an extensive analysis of the North America Off-Highway Vehicle Telematics market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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Major key players covered in this report:
• ACTIA Group
• Omnitracs, LLC
• ORBCOMM Inc.
• Stoneridge, Inc.
• Teletrac Navman
• TomTom Telematics BV
• Trackunit A/S
• TTControl GmbH
• Wacker Neuson SE
• Zonar Systems Inc.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Off-Highway Vehicle Telematics market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America Off-Highway Vehicle Telematics market segments and regions.

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The research on the North America Off-Highway Vehicle Telematics market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the North America Off-Highway Vehicle Telematics market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Off-Highway Vehicle Telematics market.

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