Asia Pacific Off-Highway Vehicle Telematics Market

The APAC off-highway vehicle telematics market is expected to grow from US$ 178.97 million in 2021 to US$ 301.66 million by 2028. It is estimated to grow at a CAGR of 7.7% from 2021 to 2028.

The construction industry's rapid digital transformation urges the adoption of new technologies that offer new prospects for the off-highway vehicle telematics market. Construction equipment telematics helps companies track their equipment's location and performance, monitor asset utilization, and verify that assets are being used effectively. If equipment is underutilized, it might be moved to another location where it is needed. This is how telematics for construction equipment improves overall efficiency. Furthermore, rising construction activity in both private and public sectors is likely to improve the market over the forecast period. Several infrastructure-related projects are underway or planned in several countries across the region. For instance, the Government of India allotted a budget of US$ 1.12 billion for the current fiscal year as part of the 'One Hundred Smart Cities' program in the Union Budget of 2014–2015. Moreover, the government plans to invest US$ 650 billion in various urban and infrastructural projects throughout the country over the next 20 years. The rapid rise in infrastructure projects is likely to increase demand for construction equipment, driving the APAC off-highway vehicle telematics market.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC off-highway vehicle telematics market at a healthy CAGR during the forecast period. 

APAC Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
      

APAC Off-Highway Vehicle Telematics Market Segmentation

The APAC off-highway vehicle telematics market is analyzed on the basis of connectivity type, application, technology, and country. Based on connectivity type, the market is segmented into cellular-based OHV telematics and satellite-based OHV telematics. The cellular-based OHV telematics segment dominated the market in 2020, and the satellite-based OHV telematics segment is expected to report the fastest growth during the forecast period. In terms of application, the 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 market in 2020, and the agriculture industry OHV telematics segment is expected to report the fastest growth during the forecast period. Based on technology, the market is segmented into LTE-M, NB-IoT, Sigfox, and others. The LTE-M segment dominated the market in 2020, and the same segment is expected to report the fastest growth during the forecast period. Based on country, the APAC off-highway vehicle telematics market is segmented into China, India, Japan, South Korea, Australia, and the 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 the leading companies in the APAC off-highway vehicle telematics market.        

Asia Pacific Off-Highway Vehicle Telematics Market Strategic Insights

Asia Pacific Off-Highway Vehicle Telematics Market Segmentation Analysis

Asia Pacific Off-Highway Vehicle Telematics Market Report Highlights

Asia Pacific Off-Highway Vehicle Telematics Report Scope

Asia Pacific Off-Highway Vehicle Telematics Market Country and Regional Insights