The installed base of off-highway vehicle telematics systems will reach 7.5 million units worldwide by 2023

Gothenburg, Sweden - June 28, 2019: Berg Insight estimates that the global installed base of active off-highway vehicle telematics systems reached 3.3 million units in 2018. This includes connected units deployed on various off-highway vehicles across the construction, mining, agriculture and forestry sectors.

The installed base of off-highway vehicle telematics systems will reach 7.5 million units worldwide by 2023 |

The construction sector accounts for the largest share, driven by OEM telematics systems offered by heavy equipment manufacturers. Agriculture and mining moreover each account for a similar number of connected units deployed on machines and vehicles used in agricultural and mining operations respectively. The remainder is represented by the forestry sector including telematics systems fitted to various forestry equipment. Growing at a compound annual growth rate (CAGR) of 17.8 percent, the active installed base of off-highway vehicle telematics systems across all sectors is forecasted to reach 7.5 million units worldwide in 2023.

"The top-10 equipment manufacturers offering telematics together account for more than 70 percent of the total number of off-highway vehicle telematics systems in use across the construction, mining, agriculture and forestry sectors globally", said Rickard Andersson, Principal Analyst, Berg Insight. Berg Insight ranks Caterpillar and Komatsu as the leading off-highway vehicle telematics providers. "Far from surprising, the leading equipment manufacturers by market share are also by far the top players when it comes to the number of off-highway vehicle telematics subscribers", said Mr. Andersson.

He adds that this is a natural development in an industry where telematics has increasingly been included as standard with the machine purchase, gradually covering more models and equipment categories. "Caterpillar is well on its way to achieve its target of 1 million connected assets this year", continued Mr. Andersson. Other major manufacturers with installed bases of more than 100,000 units include Hitachi Construction Machinery, JCB, Deere & Company and Volvo Construction Equipment. "Additional players having installed bases of off-highway vehicle telematics units in the tens of thousands include Doosan Infracore, Liebherr, CNH Industrial, CLAAS Group and Hyundai Construction Equipment", concluded Mr. Andersson.

Download report brochure: The Global Off-Highway Vehicle Telematics Market

About Berg Insight

Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers.

Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 1,000 clients in 72 countries on six continents to date. Our customers range from many of the world's largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.

Buy at Amazon

Valve - Steam Wallet Prepaid Card ($20)

TodayYesterday7 days ago30 days ago
* Prices last scanned on 12/9/2023 at 10:38 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Related Tags