Industrial, Manufacturing & Heavy Industry Market News

A bright future awaits telematics in heavy equipment market

According to recent reports, the global telematics in heavy equipment market is expected to rise at a CAGR of 15.1% from 2017 to 2025 to become worth US$6.47 bn by 2025-end.


The competition in the global telematics in heavy equipment market Make an Inquiry about this news is expected to intensify in the years to come on the back of entry of a host of new players. At present, prominent companies in the market are based out of developed countries, but have worldwide operations.

Serving to boost growth in the market is the rising usage of smartphones, availability of high speed data networks, and different types of telematics. Acting as a roadblock to the market is the high cost of research and development.