Report : Asia Pacific Off-Highway Vehicle Telematics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Connectivity Type (Cellular-Based OHV Telematics and Satellite-Based OHV Telematics), Application (Construction Industry OHV Telematics, Agriculture Industry OHV Telematics, Mining Industry OHV Telematics, and Others), and Technology (LTE-M, NB-IoT, Sigfox, and Others)
LTE-M Segment to Dominate APAC Off-Highway Vehicle Telematics Market During 2021–2028
According to a new market research study on “APAC Off-Highway Vehicle Telematics Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Connectivity Type, Application, and Technology” is expected to reach US$ 301.66 million by 2028 from US$ 178.97 million in 2021. The market is estimated to grow at a CAGR of 7.7% from 2021 to 2028. The report provides trends prevailing in the APAC off-highway vehicle telematics market along with the drivers and restraints pertaining to the market growth. Increasing integration of IoT and growing technological advancements in off-highway vehicle telematics are the major factor driving the growth of the APAC off-highway vehicle telematics market. However, surging uncertainty among fleet operators hinders the growth of APAC off-highway vehicle telematics market.
The APAC off-highway vehicle telematics market is segmented based on connectivity type, application, technology, and country. Based on connectivity type, the APAC off-highway vehicle telematics market is segmented into cellular-based OHV telematics and satellite-based OHV telematics. The cellular-based OHV telematics segment dominated the APAC off-highway vehicle telematics market in 2020 and satellite-based OHV telematics segment is expected to be fastest growing during forecast period. In terms of application, the APAC off-highway vehicle telematics market is segmented into construction industry OHV telematics, agriculture industry OHV telematics, mining industry OHV telematics, and others. The construction industry OHV telematics segment dominated the APAC off-highway vehicle telematics market in 2020 and agriculture industry OHV telematics segment is expected to be fastest growing during forecast period. Based on technology, the APAC off-highway vehicle telematics market is segmented into LTE-M, NB-IoT, Sigfox, and others. The LTE-M segment dominated the APAC off-highway vehicle telematics market in 2020 and NB-IoT segment is expected to be fastest growing during forecast period. Based on country, the APAC off-highway vehicle telematics market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.
ACTIA Group; Omnitracs, LLC; ORBCOMM Inc.; Stoneridge, Inc.; Teletrac Navman; TomTom; Telematics BV; Trackunit A/S; TTControl GmbH; Wacker Neuson SE; and Zonar Systems Inc. are among the leading companies in the APAC off-highway vehicle telematics market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Teletrac Navman Expands Integration with FLEETCOR Technologies. Teletrac Navman and its partner FLEETCOR Technologies Inc. have decided for expanding a technology integration that will help fleet managers track and control fuel costs.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com