North America Off-Highway Vehicle Telematics Market

The North America off-highway vehicle telematics market is expected to grow from US$ 313.66 million in 2021 to US$ 465.03 million by 2028. It is estimated to grow at a CAGR of 5.8% from 2021 to 2028.

Several governments are developing strict laws to enhance the safety and security of off-highway vehicles. This includes routine inspections, timely brake servicing, and integrating electronic tools and communication systems in vehicles. The telematics system provides fleet operators with fast updates on the engine and driving performance and serves as a communication channel. Furthermore, installing telematics in heavy machinery reduces the work and time necessary for manual equipment inspection. The demand for rules in the off-highway vehicle telematics market stems from the desire to standardize equipment, improve equipment performance, and reduce accident risks throughout the construction industry. According to an Occupational Safety and Health Administration report, the US experienced roughly 15 deaths per day on average in 2019—i.e., 5,333 workers died due to machinery and equipment failure in 2019. The automakers and OEMs are implementing modern technologies such as artificial intelligence and the internet of things to increase performance and offer real-time data, reducing risk on building sites. Therefore, stringent government policies are supporting the North America off-high vehicle telematics market. 

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

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

North America Off-Highway Vehicle Telematics Market Segmentation

The North America 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 North America off-highway vehicle telematics market is segmented into the US, Canada, and Mexico. 

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 North America off-highway vehicle telematics market.

North America Off-Highway Vehicle Telematics Market Strategic Insights

North America Off-Highway Vehicle Telematics Market Segmentation Analysis

North America Off-Highway Vehicle Telematics Market Report Highlights

North America Off-Highway Vehicle Telematics Report Scope

North America Off-Highway Vehicle Telematics Market Country and Regional Insights