Market Research Report
Telematics Market for On- & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, Diagnostics), Form Factor, Hardware, Vehicle & Equipment Type, Technology, Aftermarket & Region - Forecast to 2022
|Published by||MarketsandMarkets||Product code||314926|
|Published||Content info||220 Pages
Delivery time: 1-2 business days
|Telematics Market for On- & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, Diagnostics), Form Factor, Hardware, Vehicle & Equipment Type, Technology, Aftermarket & Region - Forecast to 2022|
|Published: August 22, 2017||Content info: 220 Pages||
"The increased demand for safety & comfort, integration of smartphones with vehicles, & growing regulatory norms are projected to fuel the demand for the telematics market for on- & off- highway vehicles"
The telematics market for on & off-highway vehicles is projected to grow at a CAGR of 14.37% during the forecast period, to reach a market size of USD 40.84 billion by 2022. The increasing number of safety and security regulations (eCall, stolen vehicle recovery, ERA GLONASS, and ELD mandate), rising demand for vehicle data for interpretation and analysis, improved productivity and utilization of off-highway equipment, and reduced operational costs are the key drivers for this market. On the other hand, the lack of standardization and data security and privacy issues are some of the key restraints that could influence the growth of this market.
The diagnostics services segment is estimated to grow at the highest CAGR in the telematics market for off-highway vehicles during the forecast period. The diagnostics services allow the users to proactively monitor the engine condition and send a maintenance alert in advance, if required, to prevent a major breakdown. Further, predictive maintenance helps to check the equipment operation and reliability to ensure smooth functioning of the equipment. Hence, the minimization of maintenance and repairing costs and performance monitoring of critical parts are expected to drive the diagnostics services market for off-highway vehicles in the near future.
The cellular technology is estimated to have the largest share of the telematics market for off-highway vehicles during the forecast period. Nowadays, the devices are compatible with 3G and 4G LTE technology for data communication. Countries such as the U.S., Canada, Germany, France, Japan, and South Korea have a high installed base of cellular technology owing to the excellent network infrastructure. China, India, and Brazil have also shown a significant growth potential due to infrastructural developments, increasing number of users, and connectivity solution providers. Hence, owing to the wide network coverage offered by established network providers such as AT&T (U.S.), Verizon (U.S.), and Vodafone Group (U.K.) in North America, Europe, and a few Asian countries, the cellular technology will continue to be an attractive option and will remain dominant in the coming years.
The Asia Oceania telematics market for off-highway vehicles is projected to grow at the highest CAGR during the forecast period. The growth of this market is mainly driven by the construction equipment. The factors contributing to the growth of this market are a large consumer base, high demand for basic infrastructural facilities, and constant increase in infrastructure funding. According to a report published by Oxford Economics in collaboration with PricewaterhouseCoopers (PwC), the global infrastructure spending will grow to approximately USD 9.0 trillion per year by 2025, out of which China's share will be close to 60%. Also, countries such as India and China are introducing a number of projects for infrastructure development. Therefore, the equipment must have advanced solutions to increase the operational performance and cater to the increased demand. This will further drive the telematics market in this region.
The study contains insights provided by various industry experts, ranging from hardware manufacturers to service providers and OEMs. The break-up of the primaries is as follows:
The report provides detailed profiles of the following companies:
Top companies analyzed for this study are - Robert Bosch GmbH; Continental AG; Delphi Automotive PLC; Magneti Marelli S.p.A.; Harman International; Visteon Corporation; Verizon; TomTom International BV; Qualcomm Technologies, Inc.; LG Electronics; Intel Corporation; Trimble Inc.; Garmin Ltd.; Sierra Wireless; Voxx International Corp; Airbiquity Inc.; Agero Inc.; Wacker Neuson SE; MiX Telematics; ORBCOMM; BoX Telematics; Octo Telematics Ltd; Navman Wireless; Masternaut Limited; WirelessCar
*Details on Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.
((Note: The proposed services market will be provided by Vehicle Type (PC, LCV & HCV) and Countries of Region - North America (U.S., Canada, & Mexico), Europe (Germany, France, Spain, & U.K), Asia-Oceania (China, Japan, India, & South Korea), RoW (Russia, and Brazil))
(Note: The proposed services market will be provided by region - North America, Europe, Asia-Oceania & RoW)
(Note: The proposed aftermarket for off-highway vehicles will be provided by region- North America, Europe, Asia-Oceania & RoW)