North America Off-Highway Vehicle Telematics Market

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.

 

Several governments are developing strict laws to enhance the safety and security of off-highway vehicles. This includes routine inspections, timely brake servicing, and integrating electronic tools and communication systems in vehicles. The telematics system provides fleet operators with fast updates on the engine and driving performance and serves as a communication channel. Furthermore, installing telematics in heavy machinery reduces the work and time necessary for manual equipment inspection. The demand for rules in the off-highway vehicle telematics market stems from the desire to standardize equipment, improve equipment performance, and reduce accident risks throughout the construction industry. According to an Occupational Safety and Health Administration report, the US experienced roughly 15 deaths per day on average in 2019—i.e., 5,333 workers died due to machinery and equipment failure in 2019. The automakers and OEMs are implementing modern technologies such as artificial intelligence and the internet of things to increase performance and offer real-time data, reducing risk on building sites. Therefore, stringent government policies are supporting the North America off-high vehicle telematics market. 

 

With tnew features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America off-highway vehicle telematics market at a healthy CAGR during the forecast period. 

 

North America Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
      

 

North America Off-Highway Vehicle Telematics Market Segmentation

 

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.

 

 

ACTIA Group; Omnitracs, LLC; ORBCOMM Inc.; Stoneridge, Inc.; Teletrac Navman; TomTom; Telematics BV; Trackunit A/S; TTControl GmbH; Wacker Neuson SE; and Zonar Systems Inc. are the leading companies in the North America off-highway vehicle telematics market.

 

North America Off-Highway Vehicle Telematics Strategic Insights

Strategic insights for the North America Off-Highway Vehicle Telematics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Off-Highway Vehicle Telematics Report Scope

North America Off-Highway Vehicle Telematics Regional Insights

The geographic scope of the North America Off-Highway Vehicle Telematics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.