Off-Highway Vehicle Telematics Market, By Technology (Cellular and Satellite), By Sales Channel (Original Equipment Manufacturers (OEM) and Aftermarket), By End-Use Application (Construction, Agriculture, and Mining), By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Market Trends, Analysis, and Forecast Till 2034

Off-Highway Vehicle Telematics Market size is expected to grow from USD 635.2 Million in 2024 to USD 1604.3 Million by 2034, at a CAGR of 10.7% during the forecast period.

A telematics system includes a vehicle tracking device installed in a vehicle that allows the sending, receiving and storing of telemetry data. The telematics data include location, speed, idling time, harsh acceleration or braking, fuel consumption, and vehicle faults. When analyzed for particular events and patterns, this information can provide in-depth insights across an entire fleet. By advancements in telecommunication and information technology, telematics is now being used across various industries for transportation and logistics purposes. Recently, the application's focus has shifted from vehicle location and routing to solutions focused on drivers and their safety. By monitoring the driving behavior, vehicle health and maintenance intervals, telematics solutions help minimize accidental incidents, speeding tickets, and downtime.

Impact of COVID-19 pandemic on market

At the starting of 2020, COVID-19 disease began to spread around the world; many more peoples are infected with COVID-19 disease, and major countries around the world send the orders to companies for employee prohibition and work stoppage. Every organization is prepared for the loss by this pandemic. Hence the off-highway telematics market also affected by the COVID-29 lockdown scenario, as fluctuation in the demand and supply chain it ultimately links to industry-specific developments. The recession in the global automotive sector, the decline in manufacturing in countries like Germany, India, and China, and recent COVID-19 outbreak are expected to affect the studied market negatively in the short run. This report will quantify the impact of this pandemic on the off-highway telematics market by revenue prospects of the industry.

Presence of regulatory policies to increase security and safety of off-highway vehicles

Governments across numerous countries are developing stringent policies to ensure safety and security of off-highway vehicles. This includes periodic inspection, timely servicing of brakes, and integration of electronic tools and communication systems in these 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. According to the U.S. Department of Labor’s work practice established for operation of heavy equipment, it is obligatory to check engine parts, service brakes and other accessories of heavy equipment such as dump trucks and loaders at the beginning of each shift, in order to ensure safety.

Growing reduction of end users to change business practices is expected to restrain growth of the global market as well as lack of training for the use in heavy equipment is expected to hinder the global off-high vehicle (OHV) telematics market.

Off-highway vehicle telematics market is segmented based on the technology, sales channel, end-use application, and region.

Based on the technology, the off-highway vehicle telematics market is segmented into cellular, and satellite. Cellular segment is expected to amend the market from 2018.

On the basis of sales channel, the global market is divided into original equipment manufacturers (OEM), and aftermarket. 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 great advantage in the long term. 

Depending upon the end-use application, the target market is explored into construction, agriculture and mining.

Regional insights:

According to the region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America has been estimated to dominate the the global off-highway vehicle (OHV) telematics market over the forecast period 2019-29. This is mainly attributed due to the increasing strict rules regulation from government authorities. Furthermore, adoption of telematics is well received from industries in North America, as this improves total cost of ownership.  Europe, Asia Pacific is also expected to account significant high growth rate. Among all regions. Latin America market is anticipated to register the highest rise over 2019–2029.

Detail Segmentation:

Segments covered in the report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.  For the purpose of this study, has segmented the off-highway vehicle telematics market report based on technology, sales channel, end-user application, and region.

Off-Highway Vehicle Telematics Market, by Technology:

• Cellular
• Satellite

Off-Highway Vehicle Telematics Market, by Sales Channel:

• Original Equipment Manufacturers (OEM)
• Aftermarket

Off-Highway Vehicle Telematics Market, by End-User Application:

• Construction
• Agriculture
• Mining

Off-Highway Vehicle Telematics Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Key players in the urban air mobility market include CalAmp, Caterpillar, CNH Industrial, Deere & Company, Doosan, JCB, Komatsu, Mix Telematics, Omnitracs, and ORBCOMM. Partnerships, expansions, collaborations, mergers & acquisitions, joint ventures, and others are some of the strategies adopted by these manufacturers to gain strong foothold in the market. For instance, in April 2019, ORBCOMM Inc. launched its enhanced web platform and its latest telematics devices for heavy equipment industry.

• CalAmp
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
  • Caterpillar
• CNH Industrial
• Deere & Company
• Doosan
• JCB
• Komatsu
• Mix Telematics
• Omnitracs
• ORBCOMM