Off Highway Vehicle (OHV) Telematics Market

An off-highway vehicle (OHV) telematics is a highly digitized and connected production facility that depends on smart manufacturing. The concept of the off-highway vehicle (OHV) telematics is considered a crucial outcome of the fourth industrial revolution, i.e. Industry 4.0. Manufacturing companies are the major adopters of smart factories where they employ cutting-edge technologies such as artificial intelligence, Internet of Things, big data, analytics, and robotics.

The Global Off-Highway Vehicle (OHV) Telematics Market is estimated to account for US$ 1205.2 Mn in terms of value by the end of 2030.

Market Dynamics

Rising adoption of IIoT and cyber-physical systems is the major factor driving the global off-highway vehicle (OHV) telematics market as adoption of industrial internet of things (IIoT) and cyber-physical systems (CPS) is expected to revolutionize the global off-highway vehicle (OHV) telematics market. Moreover these IIoT devices allows connectivity all along the value chain for better communication among manufacturers, wholesalers, retailers, and consumers. Furthermore, government initiatives and increasing investments in smart manufacturing by the large manufacturing companies is also expected to propel the marketFor instance, The European Commission is investing around US$ 2 Bn on “Factories of The Future 2020” initiative, along with The European Factories of the Future Research Association (EFFRA) in the form of a public-private partnership to develop the blueprint for the smart manufacturing sector in the European Union.

 Key features of the study:

• This report provides an in-depth analysis of the Global off-highway vehicle (OHV) telematics market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the Global off-highway vehicle (OHV) telematics market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the Global off-highway 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, Stoneridge, Inc., Trackunit.
• The key market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The Global off-highway vehicle (OHV) telematics market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global off-highway vehicle (OHV) telematics market.

Detailed Segmentation

• Global off-highway vehicle (OHV) telematics market, By End-use Application:
  • Construction
    • Dump Trucks
    • Excavators
    • Loaders
    • Dozers
    • Cranes
    • Others
  • Agricultural
    • Tractors
    • Harvesters
  • Mining
    • Surface Mining Machinery
    • Underground Mining Machinery
• Global off-highway vehicle (OHV) telematics market, By Technology:
  • Cellular
  • Satellite
• Global off-highway vehicle (OHV) telematics market, By Sales Channel:
  • OEM
  • Aftermarket
• Global off-highway vehicle (OHV) telematics market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • TomTom International BV*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • 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
  • MiX Telematics Limited
  • Stoneridge, Inc.
  • Trackunit

“*” marked represents similar segmentation in other categories in the respective section.