Market Overview:
The global telematics in heavy equipment market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fleet management and safety applications, rising penetration of cellular-based telematics, and growing demand for satellite-based telematics in developing countries. Based on type, the global telematics in heavy equipment market is segmented into cellular-based and satellite-based systems. Cellular-based systems are further subsegmented into 2G, 3G, 4G/LTE, and 5G systems. Satellite-based systems are further subsegmented into Global Positioning System (GPS) and Inertial Navigation Systems (INS). Based on application, the global telematics in heavy equipment market is segmented into vehicle tracking, satellite navigation, fleet management, vehicle safety communications,,and others (including driver fatigue monitoring system , tire pressure monitoring system , etc.). Vehicle tracking accounted for the largest share of the global telematics in heavy equipment market in 2017 owing to its high adoption rate across various industries such as transportation & logistics , automotive OEMs & dealerships . Satellite navigation is expected to be one of the fastest growing segments duringthe forecast period due its advantages such as real time updates over traditional GPS devices .
Product Definition:
The definition of telematics is the use of telecommunications and informatics for monitoring and managing transportation systems. Telematics in heavy equipment is important because it allows for communication between the equipment and a remote operator. This can help to optimize performance, safety, and efficiency.
Cellular:
Cellular is a system that provides mobile network connectivity to the end-users. It can be defined as a hybrid network architecture including circuit-switched and packet-switched networks. The global cellular market has witnessed significant growth over the past decade owing to its usage in telematics in heavy equipment market for remote monitoring of vehicles, assets, and workers.
Satellite:
Satellite is a communication device using the electromagnetic spectrum to transmit signals. It is used in telematics in heavy equipment for tracking vehicles and monitoring the location of assets. The increasing demand for satellite-based navigation systems has led to its increased usage in telematics, which enables fleet operators to enhance driver safety and reduce operating costs by improving driver compliance with road traffic regulations.
Application Insights:
The vehicle tracking application is projected to emerge as the fastest-growing segment over the forecast period. Vehicle tracking systems have several applications such as inventory management, asset protection, and location awareness. The increasing need for monitoring and controlling heavy equipment in construction sites and mining sites has led to an increased adoption of telematics solutions for vehicle tracking applications.
The fleet management segment accounted for a significant market share in 2017 owing to its benefits such as real-time information on the status of vehicles, fuel consumption, maintenance schedules etcetera. Furthermore, it also helps reduce operating costs by enabling drivers with accurate estimates of travel time between destinations based on current traffic conditions which further enhances their utility in fleet operations.
Satellite navigation accounts for a relatively smaller market share compared to other segments due to high initial investment required (satellite communication & positioning equipment).
Regional Analysis:
North America dominated the global telematics in heavy equipment market with a revenue share of over 35.0% in 2017. This growth is attributed to the presence of prominent players such as General Motors, Ford, and Chrysler who are investing heavily in developing new technologies for improved driver safety and vehicle efficiency. Moreover, growing demand for enhanced driver assistance systems (E-DAS) that include advanced safety features such as lane departure warning system and automatic emergency braking is expected to drive regional growth over the forecast period.
The Asia Pacific region accounted for a significant revenue share owing to increasing government initiatives pertaining to road infrastructure development coupled with rising demand from fleet operators/managers for cost-effective solutions offering maximum benefits at minimum costs. The Middle East & Africa region is anticipated to grow significantly during the forecast period owing mainlyto increased investments by prominent players operating across various industries including construction, oil & gas sector etc.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly heavy equipment
- Growing construction and infrastructure development activities worldwide
- Rising adoption of telematics in mining and other industrial applications
- Proliferation of big data analytics and cloud-based services
- Emergence of new business models for telematics services
Scope Of The Report
Report Attributes
Report Details
Report Title
Telematics in Heavy Equipment Market Research Report
By Type
Cellular, Satellite
By Application
Vehicle Tracking, Satellite Navigation, Fleet Management, Vehicle Safety Communications, Others
By Companies
Trimble Inc., MiX Telematics, Daimler Trucks North America, Topcon Corporation, Masternaut Limited, Inseego Corp., Zonar Systems, Inc., Element Fleet Management Corp., DPL Telematics, Teletrac Navman Group, PACCAR Inc., LHP Telematics, LoJack Corporation, OEM Data Delivery, TeMeDa, LLC, GPS Insight, SmartDrive Systems, Inc.
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Telematics in Heavy Equipment Market Report Segments:
The global Telematics in Heavy Equipment market is segmented on the basis of:
Types
Cellular, Satellite
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
Vehicle Tracking, Satellite Navigation, Fleet Management, Vehicle Safety Communications, 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:
- Trimble Inc.
- MiX Telematics
- Daimler Trucks North America
- Topcon Corporation
- Masternaut Limited
- Inseego Corp.
- Zonar Systems, Inc.
- Element Fleet Management Corp.
- DPL Telematics
- Teletrac Navman Group
- PACCAR Inc.
- LHP Telematics
- LoJack Corporation
- OEM Data Delivery
- TeMeDa, LLC
- GPS Insight
- SmartDrive Systems, Inc.
Highlights of The Telematics in Heavy Equipment 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:
- Cellular
- Satellite
- By Application:
- Vehicle Tracking
- Satellite Navigation
- Fleet Management
- Vehicle Safety Communications
- 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 Telematics in Heavy Equipment 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.
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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?
Telematics in heavy equipment refers to the use of telecommunications technology in machines and systems to improve safety, efficiency, and productivity.
Some of the major companies in the telematics in heavy equipment market are Trimble Inc., MiX Telematics, Daimler Trucks North America, Topcon Corporation, Masternaut Limited, Inseego Corp., Zonar Systems, Inc., Element Fleet Management Corp., DPL Telematics, Teletrac Navman Group, PACCAR Inc., LHP Telematics, LoJack Corporation, OEM Data Delivery, TeMeDa, LLC, GPS Insight, SmartDrive Systems, Inc..
The telematics in heavy equipment market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Telematics in Heavy Equipment 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 Telematics in Heavy Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Telematics in Heavy Equipment 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 Telematics in Heavy Equipment 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 Telematics in Heavy Equipment Market Size & Forecast, 2020-2028
4.5.1 Telematics in Heavy Equipment Market Size and Y-o-Y Growth
4.5.2 Telematics in Heavy Equipment 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 Cellular
5.2.2 Satellite
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 Vehicle Tracking
6.2.2 Satellite Navigation
6.2.3 Fleet Management
6.2.4 Vehicle Safety Communications
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Telematics in Heavy Equipment 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 Telematics in Heavy Equipment 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 Cellular
9.6.2 Satellite
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 Vehicle Tracking
9.10.2 Satellite Navigation
9.10.3 Fleet Management
9.10.4 Vehicle Safety Communications
9.10.5 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 Cellular
10.6.2 Satellite
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 Vehicle Tracking
10.10.2 Satellite Navigation
10.10.3 Fleet Management
10.10.4 Vehicle Safety Communications
10.10.5 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 Cellular
11.6.2 Satellite
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 Vehicle Tracking
11.10.2 Satellite Navigation
11.10.3 Fleet Management
11.10.4 Vehicle Safety Communications
11.10.5 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 Cellular
12.6.2 Satellite
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 Vehicle Tracking
12.10.2 Satellite Navigation
12.10.3 Fleet Management
12.10.4 Vehicle Safety Communications
12.10.5 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 Cellular
13.6.2 Satellite
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 Vehicle Tracking
13.10.2 Satellite Navigation
13.10.3 Fleet Management
13.10.4 Vehicle Safety Communications
13.10.5 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 Telematics in Heavy Equipment Market: Competitive Dashboard
14.2 Global Telematics in Heavy Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Trimble Inc.
14.3.2 MiX Telematics
14.3.3 Daimler Trucks North America
14.3.4 Topcon Corporation
14.3.5 Masternaut Limited
14.3.6 Inseego Corp.
14.3.7 Zonar Systems, Inc.
14.3.8 Element Fleet Management Corp.
14.3.9 DPL Telematics
14.3.10 Teletrac Navman Group
14.3.11 PACCAR Inc.
14.3.12 LHP Telematics
14.3.13 LoJack Corporation
14.3.14 OEM Data Delivery
14.3.15 TeMeDa, LLC
14.3.16 GPS Insight
14.3.17 SmartDrive Systems, Inc.
