Study on Telematics Market for On- & Off-Highway highlights key players such as Robert Bosch GmbH (Germany), Continental AG (Germany), LG Electronics (South Korea), Verizon (U.S.), Harman International (U.S.), Qualcomm Technologies, Inc. (U.S.), Delphi Automotive PLC (U.K.), Trimble, Inc. (U.S.), Intel (U.S.), Magneti Marelli S.P.A. (Italy), TomTom International B.V. (Netherlands), Visteon Corporation (U.S.).
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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.
Key Target Audience;
- Automotive OEMs
- Construction and agricultural equipment OEMs
- Manufacturers of telematics devices
- Distributors and suppliers of telematics devices and components
- Automotive OEMs and component manufacturing associations
- Government and regulatory authorities
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The safety and security regulations such as eCall or stolen vehicle recovery are some of the key factors driving the growth of this market. These mandates make it compulsory to install TCU on all passenger cars in Europe by 2018.
Some of the key automotive manufacturers are also offering embedded services, especially in the North American and European regions. Some of them are General Motors - Onstar, Nissan - Connect, Mercedes-Benz- mbrace, BMW ConnectedDrive, and Audi - Connect among others.
The sale of alternate fuel vehicles has also increased in the recent years. As per the International Energy Agency (IEA), the global BEV and PHEV sales increased to 753.2 thousand units in 2016 from 47.6 thousand units in 2011, at a CAGR of 73.74% over the last five years.
As embedded telematics solutions are provided in most of these vehicles, the market for embedded telematics solutions in electric vehicles is projected to grow in the coming years.
Key Points From Table Of Content:
9 Telematics Market for Off-Highway Vehicles, By Equipment Type & Services
9.2 Telematics Market for Off-Highway Vehicles, By Equipment Type & Services
9.2.1 Fuel Management Market, By Equipment Type
9.2.2 Location/Usage Tracking Market, By Equipment Type
9.2.3 Maintenance & Repair Scheduling Market, By Equipment Type
9.2.4 Navigation Market, By Equipment Type
9.2.5 Diagnostics Market, By Equipment Type
9.2.6 Other Services Market, By Equipment Type
10 Telematics Market for Off-Highway Vehicles, By Technology
10.2 Telematics Market for Off-Highway Vehicles, By Technology
10.2.1 Cellular Technology Market for Off-Highway Vehicles, By Region
10.2.2 Satellite Technology Market for Off-Highway Vehicles, By Region
Complete report on Telematics Market for On- & Off-Highway Market spread across 219 Pages, Profiling 12 Companies and Supported with 116 Tables and 68 Figures is now available at www.rnrmarketresearch.com/telemati…arket-report.html
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