Market Overview:
The global heavy equipment tracking, monitoring and control market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for heavy equipment across various industries such as construction, mining, oil and gas, agriculture and others. Additionally, the increasing adoption of advanced technologies such as satellite and cellular-based systems for tracking heavy equipment is also contributing to the growth of this market.
Product Definition:
Heavy equipment tracking, monitoring, and control is the process of using technology to track the location and status of heavy equipment. This information can be used to improve efficiency, safety, and productivity.
Satellite:
Satellite is a device that is used to transmit signals from one point to another without the need for wires. It works on the basis of electromagnetic waves which are utilized by communication satellites. These devices form an essential part of Global Positioning System (GPS). GPS helps in positioning both mobile and stationary devices, including vehicles, ships or people.
Cellular:
Cellular is a wireless technology used to track and monitor heavy equipment in the construction industry. It provides real-time data on the location of tracked device. Cellular Heavy Equipment Tracking (CHET) uses GSM, CDMA or LTE network to deliver accurate information regarding position of tracked object. The system can be integrated with GPS for providing additional information such as distance traveled, speed and direction.
Application Insights:
The construction segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to an increase in infrastructure development projects across the globe. For instance, according to a study by L-3 Communications and Systems, LLC, there were approximately 1,500 active large construction projects across more than 160 countries at the end of 2016. Furthermore, technological advancements such as Global Positioning System (GPS) tracking have facilitated heavy equipment operators with enhanced control over their assets thus boosting market growth during this application segment.
The agriculture management segment is expected to register a significant CAGR from 2018 to 2030 owing to increasing demand for advanced farming techniques coupled with rising awareness among farmers regarding efficient use of resources such as fertilizers and pesticides on account of improved yield production capabilities. This has resulted in increased product adoption by farmers worldwide which is estimated to drive market growth during this application sector over the coming years.
Regional Analysis:
Asia Pacific dominated the global heavy equipment tracking, monitoring and control market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing investments in construction activities across emerging economies such as India and China, which will lead to an increase in the number of construction projects over the next eight years. In addition, rising demand for port facilities on account of growing trade activities will drive industry growth over this period.
The European market was valued at USD Xtackle theft problems caused by stolen machinery or vehicles with a heavy heart but it has become necessary due tothe lack of proper solutions available today that would help track these assets 24x7 throughout their lifecycle so that they are never lost or stolen again – even after they have been sold on secondhand markets or when they change ownership many times between different businesses/branches etc.
Growth Factors:
- Increasing demand for heavy equipment in construction and infrastructure industries
- Growing awareness about the benefits of heavy equipment tracking, monitoring and control systems
- Proliferation of internet of things (IoT) and big data technologies
- Rising concerns about safety and security of heavy equipment assets
- Growing demand for real-time information on the location, status and performance of heavy equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Equipment Tracking, Monitoring and Control Market Research Report
By Type
Satellite, Cellular
By Application
Construction, Mining, Vessel and Container Tracking, Oil and Gas Monitoring, Agriculture Management, Others
By Companies
Orbcomm, MosChip, Utrack Africa Limited, AT&T, Fleetmatics, Verizon Wireless, Calamp Corporation, Sierra Wireless, Inc, Geotab Inc, Trackimo LLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Equipment Tracking, Monitoring and Control Market Report Segments:
The global Heavy Equipment Tracking, Monitoring and Control market is segmented on the basis of:
Types
Satellite, Cellular
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Mining, Vessel and Container Tracking, Oil and Gas Monitoring, Agriculture Management, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Orbcomm
- MosChip
- Utrack Africa Limited
- AT&T
- Fleetmatics
- Verizon Wireless
- Calamp Corporation
- Sierra Wireless, Inc
- Geotab Inc
- Trackimo LLC
Highlights of The Heavy Equipment Tracking, Monitoring and Control Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Satellite
- Cellular
- By Application:
- Construction
- Mining
- Vessel and Container Tracking
- Oil and Gas Monitoring
- Agriculture Management
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heavy Equipment Tracking, Monitoring and Control Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heavy equipment tracking, monitoring and control (HETMC) is a technology-based solution that helps operators keep track of heavy equipment in the field. It provides real-time information on the location, movement, and status of heavy equipment so that operators can make informed decisions about how to operate them safely.
Some of the major players in the heavy equipment tracking, monitoring and control market are Orbcomm, MosChip, Utrack Africa Limited, AT&T, Fleetmatics, Verizon Wireless, Calamp Corporation, Sierra Wireless, Inc, Geotab Inc, Trackimo LLC.
The heavy equipment tracking, monitoring and control market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy Equipment Tracking, Monitoring and Control Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heavy Equipment Tracking, Monitoring and Control Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy Equipment Tracking, Monitoring and Control Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heavy Equipment Tracking, Monitoring and Control Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heavy Equipment Tracking, Monitoring and Control Market Size & Forecast, 2020-2028
4.5.1 Heavy Equipment Tracking, Monitoring and Control Market Size and Y-o-Y Growth
4.5.2 Heavy Equipment Tracking, Monitoring and Control Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Satellite
5.2.2 Cellular
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Mining
6.2.3 Vessel and Container Tracking
6.2.4 Oil and Gas Monitoring
6.2.5 Agriculture Management
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy Equipment Tracking, Monitoring and Control Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heavy Equipment Tracking, Monitoring and Control Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Satellite
9.6.2 Cellular
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Mining
9.10.3 Vessel and Container Tracking
9.10.4 Oil and Gas Monitoring
9.10.5 Agriculture Management
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Satellite
10.6.2 Cellular
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Mining
10.10.3 Vessel and Container Tracking
10.10.4 Oil and Gas Monitoring
10.10.5 Agriculture Management
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Satellite
11.6.2 Cellular
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Mining
11.10.3 Vessel and Container Tracking
11.10.4 Oil and Gas Monitoring
11.10.5 Agriculture Management
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Satellite
12.6.2 Cellular
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Mining
12.10.3 Vessel and Container Tracking
12.10.4 Oil and Gas Monitoring
12.10.5 Agriculture Management
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Satellite
13.6.2 Cellular
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Mining
13.10.3 Vessel and Container Tracking
13.10.4 Oil and Gas Monitoring
13.10.5 Agriculture Management
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heavy Equipment Tracking, Monitoring and Control Market: Competitive Dashboard
14.2 Global Heavy Equipment Tracking, Monitoring and Control Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Orbcomm
14.3.2 MosChip
14.3.3 Utrack Africa Limited
14.3.4 AT&T
14.3.5 Fleetmatics
14.3.6 Verizon Wireless
14.3.7 Calamp Corporation
14.3.8 Sierra Wireless, Inc
14.3.9 Geotab Inc
14.3.10 Trackimo LLC
