OHV Telematics Market

OHV Telematics Market: Cellular Technology to Dominate the Market During the Forecast Period; Global Industry Analysis and Opportunity Assessment, 2016-2026

  • 2016-04-22
  • REP-GB-1430
  • 153 pages
  • PDF PPT EXCEL
OHV Telematics Market

An Incisive, In-depth Analysis on the Ohv Telematics Market

This study offers a comprehensive, 360 degree analysis on the Ohv Telematics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Ohv Telematics market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Introduction

Telematics is the technology of sending, receiving and storing information through the use of telecommunication devices. Off-highway vehicle (OHV) telematics is the integrated use of information and communication with telecommunications technology. The technology of sending, receiving and storing information pertaining to off-highway vehicles through telecommunication devices is generally termed as off-highway vehicle telematics. Telematics services use cellular or satellite technology for sending and receiving the information.

The global off-highway vehicle (OHV) telematics market is projected to register a healthy CAGR of 8.9% in terms of value during the forecast period (2016–2026). This is mainly attributed to various factors, regarding which FMI offers detailed insights in its report.

Drivers and Trends

Growth of the global off-highway vehicle (OHV) telematics market is influenced by a number of factors such as the recovering construction industry, increasing demand for precision agriculture, focus on operational excellence in the mining industry and government policies to increase safety and security of off-highway vehicles.

Key trends observed in the global off-highway vehicle (OHV) telematics market are collaboration between OEMs and telematics service providers, adoption of dual mode service option for M2M communication, reduction in the cost of telematics services and high adoption of telematics by rental equipment companies.

Market Segmentation

On the basis of end-use application, the global off-highway vehicle (OHV) telematics market has been segmented into construction, agriculture and mining. Construction segment has been estimated to account for 62.4% value share of the market in 2015. Construction segment is further sub-segmented into cranes, dozers, dump trucks, excavators, loaders and others. Agriculture segment is further sub-segmented into harvesters and tractors. Mining segment is sub-segmented into surface mining machinery and underground mining machinery.

By technology, the global off-highway vehicle (OHV) telematics market has been segmented into cellular and satellite. Cellular segment is expected to register a CAGR of 9.0% over the forecast period.

On the basis of sales channel, the global off-highway vehicle (OHV) telematics market is segmented into OEM and aftermarket. OEM segment has been estimated to register a CAGR of 9.4% in terms of value over 2016–2026. End users generally prefer telematics services provided by OEMs as compared to those provided by aftermarket telematics service providers. OEMs collaborate with various telematics companies to offer enhanced services to end users and gain competitive advantage in the long term. OEMs such as JCB, Caterpillar, Komatsu, and Volvo offer their own telematics services namely LiveLink, CAT Product Link, KOMTRAX and CareTrack, respectively.

Key Regions

The global off-highway vehicle (OHV) telematics market covers seven major regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA) and Japan. North America has been estimated to dominate the market with a share of 66.8% in 2015, followed by Western Europe, APEJ and Japan, in that order. Among all regions, Latin America market is anticipated to register the highest CAGR over 2016–2026, followed by Japan.

Key Players

Key players in the global off-highway vehicle (OHV) telematics market include TomTom International, Harman International, ORBCOMM Inc., Topcon Corporation, MiX Telematics, Navman Wireless, Omnitracs LLC, Wacker Neuson, Trackunit A/S and Zonar Systems Inc. These key players collaborate with other companies in the supply chain or acquire them in order to enhance their product offerings in the market. For example, in January 2016, Harman International acquired TowerSec, a cyber-security provider, to integrate cyber security architecture into its infotainment systems. These companies are also acquiring their local rivals; for example, in January 2016, TomTom International acquired Finder SA, a leading fleet management service provider in Poland.

This Future Market Insights (FMI) report examines the off-highway vehicle (OHV) telematics market for the forecast period 2016–2026. The primary objective of the report is to identify opportunities in the market and present updates and insights pertaining to various segments of the off-highway vehicle (OHV) telematics market.

Telematics is the technology of sending, receiving and storing information through the use of telecommunication devices. Off-highway vehicle (OHV) telematics is the integrated use of information and communication with telecommunications technology. The technology of sending, receiving, and storing information pertaining to off-highway vehicles through telecommunication devices is generally termed as off-highway vehicle telematics.

To understand and assess opportunities in this market, the report is categorically divided into four sections: by end-use application, technology, sales channel and region. The report analyses the off-highway vehicle (OHV) telematics market in terms of market volume (Units) and market value (US$ Mn)

The report covers the OHV telematics market performance in terms of value and volume contribution. The report also includes FMI’s analysis of drivers, restraints and opportunities witnessed in the market. Key trends are also included in the report to equip the client with crystal-clear decision-making insights.

The subsequent sections analyse the OHV telematics market on the basis of end-use application, technology, sales channel and region, and presents a forecast for the period 2016–2026. The market is segmented as follows:

By Sales Channel

  • OEM
  • Aftermarket

By End-use Application

  • Construction
    • Cranes
    • Dozers
    • Dump Trucks
    • Excavators
    • Loaders
    • Others
  • Agriculture
    • Harvesters
    • Tractors
  • Mining
    • Surface Mining Machinery
    • Underground Mining Machinery

By Technology

  • Cellular
  • Satellite

By Region

  • Asia Pacific excluding Japan (APEJ)
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Middle East & Africa (MEA)
  • Japan

To deduce market size, the report considers various aspects based on secondary research. Furthermore, data points such as region-wise split and market split by end-use application, technology, sales channel and qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue of the off-highway vehicle (OHV) telematics market over the forecast period.

When developing the market forecast, the report begins by sizing up the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, FMI triangulates the data via different analysis based on supply side, demand side and dynamics of the off-highway vehicle (OHV) telematics market. However, quantifying the market across the abovementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.

Another key feature of this report is the analysis of off-highway vehicle (OHV) telematics market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the off-highway vehicle (OHV) telematics market.   

To understand key segments in terms of their growth and performance in the off-highway vehicle (OHV) telematics market, Future Market Insights has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the off-highway vehicle (OHV) telematics market.

In the final section of the report, off-highway vehicle (OHV) telematics market competitive landscape is included to provide a dashboard view of OHV telematics companies. The report contains company profiles of some of the major players.

Some market players featured in this report are:

  • TomTom International BV
  • Harman International Industries Inc.
  • ORBCOMM Inc.
  • Topcon Corporation
  • Wacker Neuson SE
  • MiX Telematics Limited
  • Navman Wireless
  • Omnitracs LLC
  • Trackunit A/S
  • Zonar Systems Inc.

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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