Press release
Global Off-Highway Vehicle (OHV) Telematics Market Emerging Trends, Segment Analysis and Industry Forecast 2022 - 2030
The Global Off-Highway Vehicle (OHV) Telematics Market Report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market's definition, classifications, applications, and engagements and also explains the drivers and restraints of the market which is derived from SWOT analysis. Global market analysis report helps a lot for the business and gives solutions to the toughest business questions. The research and analysis have been carried out with one step or the combination of several steps depending upon the business and client necessities.In terms of revenue, off-highway vehicle (OHV) telematics market was valued at US$ 799.43 Mn in 2020 growing at a CAGR of 14.2% over the forecast period (2022 - 2030).
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The adoption of off-highway vehicle (OHV) telematics technology has increased in the last ten years due to the adoption of new vehicle safety standards and advanced technologies. Manufacturers are increasingly investing towards improvising the quality of telematics systems that incorporate GPS/RFID technology, owing to the increased demand for cellular technology within mining industries and construction industry. End users and business equipment manufacturers are collaborating together to improve on-road vehicle safety through the use of telematics technology. The stringent regulations and government policies implemented to establish road safety and security of the off-highway vehicle drivers and passengers has led to the implementation of telematics in off-highway vehicles (OHV), which is significantly fuelling the growth of global off-highway vehicle (OHV) telematics market. For instance, recently the AIS-140 (IRNSS) regulation has been mandated from April 1, 2019 by the Government of India. The AIS 140 can be understood as a set of standard rules laid by the Automotive Research Association of India (ARAI) that provides the mandates that a vehicle-tracking device and one or more emergency buttons must be installed in all existing and new public-service and commercial vehicles.
The use of real-time data information are boosting the efficiency and performance of OHV telematics. The application of telematics is continuously rising within rental fleet for safety, real time updates and security of vehicles, which has encouraged major companies to integrate artificial intelligence (AI) into the telematics systems. Investments towards integration of advanced technologies is estimated to contribute towards the growth of global off-highway vehicle (OHV) telematics market over the forecast period.
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Some of the Key Players Operating in the Global Off-Highway Vehicle (OHV) Telematics Market include:
ACTIA Group
Airbiquity Inc.
AT&T
Bridgestone Mobility Solutions B.V.
HARMAN International.
Infineon Technologies AG
MiX Telematics
Teletrac Navman US Ltd
Topcon
Trimble
Verizon
Zonar Systems
Other Market Participants
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Our 420+ Pages Report titled, Off-Highway Vehicle (OHV) Telematics Market will include extensive information on the following pointers:
Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Off-Highway Vehicle (OHV) Telematics Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Global Off-Highway Vehicle (OHV) Telematics Market Segmentation:
By Component
Hardware
Solutions
Services
By Connectivity
Satellite
Cellular
By Organization Size
Small and Medium Enterprises
Large Enterprises
By Function
Fleet and Asset Management
Workflow Management
Preventive Diagnostics and Maintenance
Others
By End Use
Farm Equipment
Construction
Mining
Landscaping
Others
By Geography
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization. From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
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