The installed base of off-highway vehicle telematics systems is expected to reach 16.1 million units worldwide by 2028.
Berg Insight has announced a new research report on the global telematics market for off-highway vehicles. Berg Insight estimates that the number of telematics systems installed in off-highway vehicles worldwide will reach 8.8 million units by 2023. This includes connected units deployed in various off-highway vehicles across the construction, mining, agriculture, and forestry sectors. The construction sector holds the largest share, driven by OEM telematics systems offered by heavy equipment manufacturers. Agriculture and mining rank as the second and third sectors, respectively, based on the number of connected units deployed in machinery and vehicles used in those industries. The remaining share comes from the forestry sector, which includes telematics systems equipped in various forestry machinery. The market is growing at a compound annual growth rate (CAGR) of 12.9%. [Contents] ■ Global off-highway vehicle market ■ Telematics technologies and solutions for off-highway vehicles ■ Market forecasts and trends ■ Construction and mining machinery manufacturers ■ Agricultural and forestry equipment manufacturers
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Publisher: Berg Insights Publication Month: December 2024 Report Language: English *For more details, please visit our website or refer to the sample materials.
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