Construction & Heavy Equipment Telematics Market

Construction & Heavy Equipment Telematics Market by Solution (Asset Tracking, Diagnostics, Fleet Safety), Industry (Construction, Mining, Tractor), Technology, Hardware, Form Factor, Vehicle Category & Region - Global Forecast to 2026

Report Code: AT 7921 Jun, 2021, by marketsandmarkets.com

[223 Pages Report] The global construction and heavy equipment telematics market size is projected to reach USD 1,498 million by 2026, from an estimated value of USD 676 million in 2021, at a CAGR of 17.2%. Increase in demand for telematics solutions in off-highway equipment and government mandates on safety and security of off-highway equipment are the driving factors that are expected to boost the construction and heavy equipment telematics market.

Construction & Heavy Equipment Telematics Market

To know about the assumptions considered for the study, Request for Free Sample Report

COVID-19 Impact on Market

The COVID-19 pandemic has disrupted markets on a global scale. The off-highway industry is experiencing an uncertain recovery timeline due to the introduction of various mutants of the virus in certain parts of the world. The pandemic has had a considerable impact on the telematics solution providers’ revenue. Construction, agriculture, and mining applications are considered as essential services. Countries have focused on maintaining the operations of the off-highway industry. Government mandates on safety and security of off-highway equipment and Increase in demand for telematics solutions in off-highway equipment are expected to drive the market. With the advent of new mutants of the COVID-19 disease, its impact on the off-highway industry and economies of global countries may jolt the market in 2021.

The construction & heavy equipment telematics market is likely to witness a significant increase in demand with developments in various services and automated technologies along with connectivity advancements. Majority of OEMs are making efforts to design and develop various services that meet end-user requirements. Also, these OEMs aim to develop fully automated equipment that could increase the demand for telematics services.

Market Dynamics

DRIVER: Government mandates on safety and security of off-highway equipment

Governments across the globe are now focusing on making off-highway equipment safer and more efficient. As of now, many regional governments are focusing on deploying vehicle tracking in heavy vehicles. These vehicles are now equipped with a tracking device, Closed-Circuit Television (CCTV)-based surveillance system, and one or more emergency buttons, which would be fitted by the manufacturer. The major factor behind this mandate is safety. Since remote-tracking enables authorities to track any vehicle that deviates from its route, it helps authorities take corrective actions. Governments are increasingly aware of the need to use telematics technology in the long run, and hence, deployment planning and deploying phases have been initiated and are expected to be completed within a planned time.

RESTRAINT: Cost sensitivity of fleet owners

Cost sensitivity of fleet owners is a major hurdle in the deployment of advanced fleet management technologies. The installation of a fleet management system includes the installation of tracking devices, networking hardware components, and navigation devices in every fleet vehicle. This is very likely to incur high installation and deployment costs for small organizations. The cost sensitivity is not only limited to SMEs but also to large organizations. Large organizations have a comparatively higher fleet budget than SMEs, but they too are affected by various factors such as rising fuel cost, driver fatigue, and high insurance cost, owing to the high-end and larger number of fleets. On the other hand, small and medium fleet owners face a cash crunch and have limited budgets for the installation and deployment of advanced fleet management solutions and services. They usually do not need advanced fleet management features and stick to basic fleet management solutions that offer vehicle tracking and other basic reporting features. This cost-sensitive nature, along with the lack of awareness about the benefits of advanced fleet management technologies, is a major restraint in the adoption of emerging fleet technologies such as cloud-based fleet management and driver management solutions.

OPPORTUNITY: ELD mandate for construction and mining equipment

In the off-highway industry, ELD has been mandated for any self-propelled or towed motored vehicles such as dump trucks and cement mixers. Agriculture equipment have been exempted up to some extent in the new rule. An ELD synchronizes with a vehicle engine to automatically record the driving time for easier and more accurate Hours of Service (HOS) recording. ELD is expected to replace paper logs and an earlier type of recorder, known as Automatic On-Board Recording Device (AOBRD). This mandate has opened a new revenue stream for telematics providers. As per information by existing vendors, around 3 million vehicles are likely to be impacted. This has propelled the need for introducing new products and services, which are scalable to meet the present as well as future requirements. For instance, in October 2019, ORBCOMM announced its ELD in Spanish and French-Canadian versions, expanding its market reach to fleet customers in new geographic regions. It provides complete visibility, monitoring, and management of drivers, vehicles, and displays and helps fleets improve safety records, increase productivity, reduce operating costs, enhance fuel efficiency, and retain drivers. Similarly, Fleetmatics, a SaaS fleet management provider, announced the Logbook application for iOS. This application would automatically record the HOS once the driver logs in and starts driving, and the application will be updated based on future regulatory requirements. Vendors are now becoming ELD-ready and offering ELD solutions and services.

CHALLENGE: Lack of data security and privacy concerns

The data generated from a vehicle is communicated through a wireless medium for further interpretation and analysis to avail valuable information. The entire telematics-based communication involves multiple stages from designing, development, and integration till the implementation phase. The information should reach the destination at the right time with precision. The gathered information is analyzed and used in multiple instances to meet government regulations (safety-related features), maintenance and repairs reports, accident alerts, navigation, and weather. However, increased connectivity of equipment to the external world via the internet exposes the equipment to potential risks. For instance, Trimble’s products may contain undetected errors, product defects, security vulnerabilities or software errors. Computer hackers, foreign governments or cyber-terrorists attempt to or succeed in penetrating network security and website. Unauthorized access to Trimble’s proprietary business information or customer data may be obtained through break-ins, sabotage, breach of a secure network by an unauthorized party, computer viruses, computer denial-of-service attacks, employee theft or misuse, breach of the security of the networks of its third-party providers, and other misconduct. Plenty of generated data needs to be regulated with tighter policies to ensure data security. Off-highway OEMs are expected to play an important role in this regard.

Construction & Heavy Equipment Telematics Market Ecosystem

To know about the assumptions considered for the study, download the pdf brochure

By technology, cellular is projected to be the largest market during the forecast period

The cellular segment is projected to dominate the technology market during the forecast period. While 4G connectivity is widely used for communication, some regional governments are planning to implement 5G connectivity for more effective and faster communication. Tier-I companies are entering strategic collaborations to develop 5G technology for data communication in the automotive industry. The newer and faster technologies, such as 4G LTE or upcoming 5G (in the near future), are expected to drive the telematics market. The growing developments in 5G technology, coupled with increased sales of off-highway equipment, are expected to drive the telematics market. However, the lack of standardization and concerns over data privacy and security may hinder the growth of the telematics solutions market in the future.

New sales of the off-highway equipment to drive the integrated form

Integrated form is expected to be the largest market. The integrated form of telematics solution enables the driver or operator to access features and services safely with the help of integrated devices such as smartphones. In this, the smartphone apps are integrated into the equipment by allowing the user to access various solutions. The integrated cluster provides UI selection function according to driver preference and improves safety and convenience.

Construction industry to drive penetration of telematics in construction & heavy equipment telematics market

The use of telematics solutions such as asset tracking, diagnostics, fleet safety, and fleet performance reporting, is increasing in off-highway applications. The construction industry accounts for the largest share of all NRMM considered in the study. Construction equipment telematics allows construction firms to track both the location and performance of equipment. It enables them to monitor construction equipment utilization and ensure that assets are being used efficiently. If equipment is going underused, it can be transferred across to another site where it may be needed. This is how construction equipment telematics boosts overall efficiency. Construction telematics also improves reliability and reduces the risk of unscheduled equipment downtime by simplifying the maintenance process. As performance is monitored continuously, i.e., from fuel consumption or mechanical issues, faults are easier to detect and resolve with the help of telematics. As OEMs continue to equip telematics-enabled equipment, the penetration of telematics in the construction industry is expected to increase, which would drive the construction & heavy equipment telematics market in the near future.

North America is estimated to be the largest market during the forecast period

The North American off-highway industry is one of the promising industries at a global level. The region is home to several OEMs such as Caterpillar and John Deere and telematics solutions providers like Verizon, Trimble, Geotab, and Sierra Wireless. The US is the largest market in the region and accounts for more than 70% of the overall market, followed by Canada and Mexico. The market is dominated by Verizon and Trimble as these companies focus on strategic partnerships or collaborations with leading OEMs. The demand for telematics solutions is expected to increase in the region due to strong penetration of telematics coupled with 5G connectivity, which will support advanced telematics solutions for the off-highway industry.

Construction & Heavy Equipment Telematics Market by Region

Key Market Players

The global construction & heavy equipment telematics market is dominated by players, such as Verizon (US), Trimble Inc. (US), Topcon Corporation (Japan), Hexagon AB (Sweden), and Robert Bosch (Germany). These players have adopted strategies such as new product launches, partnerships, supply orders, expansions, and acquisitions to increase their share and diversify and strengthen their business networks in the construction and heavy equipment telematics market.

Get online access to the report on the World's First Market Intelligence Cloud

  • Easy to Download Historical Data & Forecast Numbers
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
Request Sample

Scope of the Report

Report Metric

Details

Market size available for years

2019–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Million)

Segments covered

By solution, industry, technology, hardware, form factor, vehicle category, and region

Geographies covered

Asia Pacific, Europe, North America, and Rest of the World

Companies covered

Verizon (US), Trimble Inc. (US), Topcon Corporation (Japan), Hexagon AB (Sweden), and Robert Bosch GmbH (Germany)

This study segments the construction & heavy equipment telematics market and forecasts the market size based on solution [asset tracking, fuel management, fleet performance reporting, navigation, diagnostics, equipment/fleet maintenance, fleet safety, and others (equipment utilization and geo-fencing)]; industry (construction, agriculture, and mining); technology (cellular and satellite); hardware (telematics control unit and infotainment display unit); form factor (embedded, integrated, and tethered); vehicle category (new sales and existing fleet); and region (Asia Pacific, Europe, North America, and Rest of the World).

By Solution

  • Asset tracking
  • Fuel management
  • Fleet performance reporting
  • Navigation
  • Diagnostics
  • Equipment/fleet maintenance
  • Fleet safety
  • Others (equipment utilization and geo fencing)

By Industry

  • Construction
  • Agriculture
  • Mining

By Technology

  • Cellular
  • Satellite

By Form Factor

  • Embedded
  • Integrated
  • Tethered

By Hardware

  • Telematics control unit
  • Infotainment display unit

By Vehicle Category

  • New sales
  • Fleet

By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Recent Developments

  • In April 2021, Orbcomm entered a definitive agreement to be acquired by GI Partners, a leading US-based investor in data infrastructure businesses, in an all-cash transaction that values ORBCOMM at approximately USD 1.1 billion, including net debt. The investment by GI Partners will support ORBCOMM’s strong momentum in the industrial IoT.
  • In March 2021, CalAmp launched an intuitive user interface (UI) for its CalAmp iOn™ fully integrated solution for fleet and asset management that delivers the right insights, to the right staff, at the right time for commercial, government and construction organizations.
  • In February 2021, Trimble introduced its Trimble® SX12 Scanning Total Station, the next iteration of its 3D scanning total station that captures data for surveying, engineering, and geospatial professionals. New features, including a high-power laser pointer and high-resolution camera system, expand capabilities in surveying and complex 3D modeling and enable new workflows in tunneling and underground mining.
  • In June 2020, Hexagon’s Mining division and Proudfoot partnered to provide the world’s leading mining companies a safety-driven solution to accelerate their chase of zero-harm. By combining safety technology with a proven people-centric change methodology, the partnership helps de-risk mine operations so that the equipment is protected and everyone goes home safely.
  • In November 2019, Topcon Corporation released the world's first GTL-1000 total station equipped with a rotary laser scanner. It can change the total station and scanner at the same time, reducing the time and work required for the point cloud measurement by half. Through the development and sales of products, the company will contribute to the construction industry by improving productivity of construction sites.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 20)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET/PRODUCT DEFINITION
    1.3 INCLUSIONS & EXCLUSIONS
    1.4 MARKET SCOPE
           FIGURE 1 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET SEGMENTATION
           FIGURE 2 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET: BY REGION
    1.5 CURRENCY
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 24)
    2.1 RESEARCH DATA
           FIGURE 3 RESEARCH DESIGN
           FIGURE 4 RESEARCH METHODOLOGY MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources to estimate construction and heavy equipment telematics market
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, & REGION
                    2.1.2.1 List of primary participants
    2.2 MARKET ESTIMATION METHODOLOGY
           FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 7 CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET SIZE: BOTTOM-UP APPROACH (INDUSTRY AND REGION)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 8 CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET SIZE: TOP-DOWN APPROACH (COUNTRY AND SOLUTION)
                    FIGURE 9 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET: RESEARCH DESIGN & METHODOLOGY
           2.2.3 FACTOR ANALYSIS FOR MARKET SIZING & GROWTH: DEMAND AND SUPPLY-SIDE
    2.3 DATA TRIANGULATION
           FIGURE 10 DATA TRIANGULATION METHODOLOGY
    2.4 RESEARCH ASSUMPTIONS
           2.4.1 GLOBAL ASSUMPTIONS
                    TABLE 1 GLOBAL ASSUMPTIONS
           2.4.2 MARKET ASSUMPTIONS
                    TABLE 2 MARKET ASSUMPTIONS
    2.5 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 37)
    3.1 PRE- AND POST-COVID-19 SCENARIO
           FIGURE 11 PRE- AND POST-COVID-19 SCENARIO: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, 2021–2026 (USD MILLION)
           TABLE 3 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET: PRE- VS. POST-COVID-19 SCENARIO, 2020–2025 (USD MILLION)
    3.2 REPORT SUMMARY
           FIGURE 12 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET OUTLOOK
           FIGURE 13 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2021 VS. 2026 (USD MILLION)

4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET OVERVIEW
           FIGURE 14 LUCRATIVE OPPORTUNITIES IN CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, 2021 VS. 2026 (USD MILLION)
    4.2 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION
           FIGURE 15 ASSET TRACKING TO BE THE MOST ATTRACTIVE TELEMATICS SOLUTION DURING FORECAST PERIOD (USD MILLION)
    4.3 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY TECHNOLOGY
           FIGURE 16 CELLULAR SEGMENT TO LEAD DURING FORECAST PERIOD (USD MILLION)
    4.4 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY INDUSTRY
           FIGURE 17 CONSTRUCTION INDUSTRY TO HOLD LARGEST MARKET SHARE FROM 2021 TO 2026 (USD MILLION)
    4.5 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY FORM FACTOR
           FIGURE 18 INTEGRATED SEGMENT TO DOMINATE MARKET (USD MILLION)
    4.6 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY HARDWARE
           FIGURE 19 INFOTAINMENT DISPLAY UNIT TO ACCOUNT FOR LARGEST MARKET VALUE (USD MILLION)
    4.7 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY VEHICLE CATEGORY
           FIGURE 20 EXISTING FLEET SEGMENT TO BE THE LARGEST MARKET DURING FORECAST PERIOD (USD MILLION)
    4.8 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION
           FIGURE 21 ASIA PACIFIC MARKET TO BE FASTEST MARKET BY 2026 (USD MILLION)

5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 22 CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET: MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for telematics in off-highway equipment
                                TABLE 4 GLOBAL OFF-HIGHWAY EQUIPMENT SALES, BY INDUSTRY, 2018-2020 (UNITS)
                    5.2.1.2 Government mandates on safety and security of off-highway equipment
           5.2.2 RESTRAINTS
                    5.2.2.1 Cost sensitivity of fleet owners
                    5.2.2.2 Complete network coverage and elimination of blind spots
           5.2.3 OPPORTUNITIES
                    5.2.3.1 ELD mandate for construction and mining equipment
                    5.2.3.2 Standards for autonomous mining equipment
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of data security and privacy concerns
                    5.2.4.2 Lack of standardization
    5.3 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, COVID-19 IMPACT – SCENARIO ANALYSIS (2019–2026)
           FIGURE 23 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET SCENARIO 2019–2026 (USD MILLION)
           5.3.1 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, MOST LIKELY SCENARIO
                     TABLE 5 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET (MOST LIKELY), BY REGION, 2018–2026 (USD MILLION)
           5.3.2 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, OPTIMISTIC SCENARIO
                     TABLE 6 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET (OPTIMISTIC), BY REGION, 2018–2026 (USD MILLION)
           5.3.3 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, PESSIMISTIC SCENARIO
                     TABLE 7 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET (PESSIMISTIC), BY REGION, 2018–2026 (USD MILLION)
    5.4 PORTER’S FIVE FORCES
           5.4.1 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET
                    TABLE 8 PORTERS 5 FORCES: IMPACT ON THE CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET
                    FIGURE 24 PORTER’S FIVE FORCES ANALYSIS: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET
                    5.4.1.1 Threat of new entrants
                    5.4.1.2 Threat of substitutes
                    5.4.1.3 Bargaining power of suppliers
                    5.4.1.4 Bargaining power of buyers
                    5.4.1.5 Intensity of competition rivalry
    5.5 SAFETY & REGULATORY LANDSCAPE
            TABLE 9 ADVANTAGES OF ELECTRONIC LOGGING DEVICES
    5.6 ECOSYSTEM MAP
            TABLE 10 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET: ECOSYSTEM
            FIGURE 25 KEY PLAYERS IN THE CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET ECOSYSTEM
    5.7 PATENT ANALYSIS
    5.8 TECHNOLOGY ANALYSIS
            FIGURE 26 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET: TECHNOLOGY ANALYSIS
    5.9 CASE STUDY
           5.9.1 CONSTRUCTION
           5.9.2 OFF-ROAD TRUCK AND EQUIPMENT RENTAL
    5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS

6 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION (Page No. - 64)
    6.1 INTRODUCTION
           6.1.1 RESEARCH METHODOLOGY
           6.1.2 ASSUMPTIONS
                     TABLE 11 ASSUMPTIONS: BY SOLUTION
           6.1.3 INDUSTRY INSIGHTS
                     FIGURE 27 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2021 VS. 2026 (USD MILLION)
                     TABLE 12 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
    6.2 ASSET TRACKING
           6.2.1 NEED TO TRACK ASSET PERFORMANCE TO DRIVE THE SEGMENT
                     TABLE 13 ASSET TRACKING: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.3 FUEL MANAGEMENT
           6.3.1 MINING ACTIVITIES TO DRIVE DEMAND THE SEGMENT
                     TABLE 14 FUEL MANAGEMENT: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.4 FLEET PERFORMANCE REPORTING
           6.4.1 IMPORTANCE OF DATA COLLECTION & ANALYSIS TO DRIVE THE SEGMENT
                     TABLE 15 FLEET PERFORMANCE REPORTING: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.5 NAVIGATION
           6.5.1 ADVANCED NAVIGATION SERVICES TO DRIVE THE SEGMENT
                     TABLE 16 NAVIGATION: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.6 DIAGNOSTICS
           6.6.1 NEED TO IMPROVE MAINTENANCE TO DRIVE THE SEGMENT
                     TABLE 17 DIAGNOSTICS: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.7 EQUIPMENT/FLEET MAINTENANCE
           6.7.1 EXISTING FLEET TO DRIVE THE SEGMENT
                     TABLE 18 EQUIPMENT/FLEET MAINTENANCE: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.8 FLEET SAFETY
           6.8.1 ADVANCED INSIGHTS ON DRIVER SAFETY TO DRIVE THE SEGMENT
                     TABLE 19 FLEET SAFETY: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    6.9 OTHERS
           6.9.1 DEVELOPED ECONOMIES LIKELY TO HAVE HIGHER PENETRATION OF OTHER SOLUTIONS
                     TABLE 20 OTHERS: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)

7 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY INDUSTRY (Page No. - 73)
    7.1 INTRODUCTION
           7.1.1 RESEARCH METHODOLOGY
           7.1.2 ASSUMPTIONS
                     TABLE 21 ASSUMPTIONS: BY INDUSTRY
           7.1.3 INDUSTRY INSIGHTS
                     FIGURE 28 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY INDUSTRY, 2021 VS. 2026 (USD MILLION)
                     TABLE 22 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY INDUSTRY, 2019–2026 (USD MILLION)
    7.2 CONSTRUCTION
           7.2.1 SPENDING IN NORTH AMERICA TO DRIVE THE SEGMENT
                     TABLE 23 CONSTRUCTION EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    7.3 AGRICULTURE
           7.3.1 AGRICULTURE ACTIVITIES IN ASIA PACIFIC TO DRIVE THE SEGMENT
                     TABLE 24 AGRICULTURE TRACTOR TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    7.4 MINING
           7.4.1 TELEMATICS ADOPTION IN ROW COUNTRIES TO DRIVE THE SEGMENT
                     TABLE 25 MINING EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)

8 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY HARDWARE (Page No. - 79)
    8.1 INTRODUCTION
           8.1.1 RESEARCH METHODOLOGY
           8.1.2 ASSUMPTIONS
                     TABLE 26 ASSUMPTIONS: BY HARDWARE
           8.1.3 INDUSTRY INSIGHTS
                     FIGURE 29 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY HARDWARE, 2021 VS. 2026 (USD MILLION)
                     TABLE 27 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY HARDWARE, 2019–2026 (USD MILLION)
    8.2 TELEMATICS CONTROL UNIT
           8.2.1 EMBEDDED FORM TO DRIVE THE SEGMENT
                     TABLE 28 TELEMATICS CONTROL UNIT MARKET FOR CONSTRUCTION & HEAVY EQUIPMENT, BY REGION, 2019–2026 (USD MILLION)
    8.3 INFOTAINMENT DISPLAY UNIT
           8.3.1 REDUCTION IN COST OF HIGH-END AUDIO/VIDEO INTERFACE TO DRIVE THE SEGMENT
                     TABLE 29 INFOTAINMENT DISPLAY UNIT MARKET FOR CONSTRUCTION & HEAVY EQUIPMENT, BY REGION, 2019–2026 (USD MILLION)

9 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY FORM FACTOR (Page No. - 84)
    9.1 INTRODUCTION
           9.1.1 RESEARCH METHODOLOGY
           9.1.2 ASSUMPTIONS
                     TABLE 30 ASSUMPTIONS: BY FORM FACTOR
           9.1.3 INDUSTRY INSIGHTS
                     FIGURE 30 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY FORM FACTOR, 2021 VS. 2026 (USD MILLION)
                     TABLE 31 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY FORM FACTOR, 2019–2026 (USD MILLION)
    9.2 EMBEDDED
           9.2.1 REDUCTION IN PRICE OF SERVICE PLANS AND TELEMATICS REGULATIONS TO DRIVE THE SEGMENT
                     TABLE 32 EMBEDDED CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    9.3 TETHERED
           9.3.1 EASY INSTALLATION OF TETHERED FORM IN EXISTING FLEET TO DRIVE THE SEGMENT
                     TABLE 33 TETHERED CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
    9.4 INTEGRATED
           9.4.1 NEW SALES OF OFF-HIGHWAY EQUIPMENT TO DRIVE THE SEGMENT
                     TABLE 34 INTEGRATED CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)

10 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY TECHNOLOGY (Page No. - 90)
     10.1 INTRODUCTION
             10.1.1 RESEARCH METHODOLOGY
             10.1.2 ASSUMPTIONS
                       TABLE 35 ASSUMPTIONS: BY TECHNOLOGY
             10.1.3 INDUSTRY INSIGHTS
                       FIGURE 31 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY TECHNOLOGY, 2021 VS. 2026 (USD MILLION)
                       TABLE 36 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION)
     10.2 CELLULAR
             10.2.1 5G CONNECTIVITY TO DRIVE THE SEGMENT
                       TABLE 37 CELLULAR: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
     10.3 SATELLITE
             10.3.1 REMOTE OFF-HIGHWAY APPLICATIONS TO DRIVE THE SEGMENT
                       TABLE 38 SATELLITE: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)

11 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY VEHICLE CATEGORY (Page No. - 95)
     11.1 INTRODUCTION
             11.1.1 RESEARCH METHODOLOGY
             11.1.2 ASSUMPTIONS
                       TABLE 39 ASSUMPTIONS: BY VEHICLE CATEGORY
             11.1.3 INDUSTRY INSIGHTS
                       FIGURE 32 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY VEHICLE CATEGORY, 2021 VS. 2026 (USD MILLION)
                       TABLE 40 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY VEHICLE CATEGORY, 2019–2026 (USD MILLION)
     11.2 NEW SALES
             11.2.1 INCREASING PENETRATION OF TELEMATICS IN NEW SALES TO DRIVE THE SEGMENT
                       TABLE 41 NEW SALES: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
     11.3 EXISTING FLEET
             11.3.1 HIGHER PENETRATION OF TELEMATICS IN CONSTRUCTION & MINING FLEET TO DRIVE THE SEGMENT
                       TABLE 42 EXISTING FLEET: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)

12 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION (Page No. - 100)
     12.1 INTRODUCTION
             12.1.1 RESEARCH METHODOLOGY
             12.1.2 ASSUMPTIONS
                       TABLE 43 ASSUMPTIONS: BY REGION
             12.1.3 INDUSTRY INSIGHTS
                       FIGURE 33 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2021 VS. 2026
                       TABLE 44 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY REGION, 2019–2026 (USD MILLION)
     12.2 NORTH AMERICA
             FIGURE 34 NORTH AMERICA SNAPSHOT: CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET
             TABLE 45 NORTH AMERICA: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             12.2.1 US
                        12.2.1.1 Off-highway equipment sales to drive the market
                                     TABLE 46 US: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.2.2 CANADA
                        12.2.2.1 Focus of OEMs on strategic collaborations to drive the market
                                     TABLE 47 CANADA: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.2.3 MEXICO
                        12.2.3.1 Asset tracking and real-time traffic information features to drive the market
                                     TABLE 48 MEXICO: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
     12.3 EUROPE
             FIGURE 35 EUROPE SNAPSHOT: CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET
             TABLE 49 EUROPE: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             12.3.1 GERMANY
                        12.3.1.1 New sales of telematics-enabled equipment to drive the market
                                     TABLE 50 GERMANY: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.3.2 FRANCE
                        12.3.2.1 New sales of construction equipment to drive the market
                                     TABLE 51 FRANCE: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.3.3 UK
                        12.3.3.1 Agriculture growth to drive the market
                                     TABLE 52 UK: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.3.4 ITALY
                        12.3.4.1 Local telematics solution providers to drive the market
                                     TABLE 53 ITALY: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.3.5 SPAIN
                        12.3.5.1 Telematics solutions for construction fleet to drive the market
                                     TABLE 54 SPAIN: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.3.6 RUSSIA
                        12.3.6.1 Thriving mining industry to drive the market
                                     TABLE 55 RUSSIA: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.3.7 REST OF EUROPE
                      TABLE 56 REST OF EUROPE: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
     12.4 ASIA PACIFIC
             FIGURE 36 ASIA PACIFIC: CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET
             TABLE 57 ASIA PACIFIC: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             12.4.1 JAPAN
                        12.4.1.1 Highest penetration of telematics to drive the market
                                     TABLE 58 JAPAN: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.4.2 CHINA
                        12.4.2.1 5G deployment in China for telematics solutions to drive the market
                                     TABLE 59 CHINA: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.4.3 INDIA
                        12.4.3.1 Existing fleets to drive the market
                                     TABLE 60 INDIA: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.4.4 SOUTH KOREA
                        12.4.4.1 Demand for embedded telematics to drive the market
                                     TABLE 61 SOUTH KOREA: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.4.5 REST OF ASIA PACIFIC
                       TABLE 62 REST OF ASIA PACIFIC: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
     12.5 REST OF THE WORLD
             FIGURE 37 REST OF THE WORLD: CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET
             TABLE 63 REST OF THE WORLD: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
             12.5.1 SOUTH AFRICA
                        12.5.1.1 Low-cost telematics solutions by local players to drive the market
                                     TABLE 64 SOUTH AFRICA: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.5.2 BRAZIL
                        12.5.2.1 Mining industry to drive the market
                                     TABLE 65 BRAZIL: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)
             12.5.3 OTHERS
                       TABLE 66 OTHERS: CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY SOLUTION, 2019–2026 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 126)
     13.1 OVERVIEW
     13.2 RIGHT TO WIN
             FIGURE 38 RIGHTS TO WIN - DETAILS ON KEY DEVELOPMENTS BY LEADING PLAYERS
     13.3 MARKET SHARE & RANKING ANALYSIS FOR CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET
             TABLE 67 MARKET STRUCTURE, 2020
             FIGURE 39 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS OE MARKET SHARE & RANKING ANALYSIS, 2020
     13.4 REVENUE ANALYSIS OF KEY LISTED/PUBLIC PLAYERS
             FIGURE 40 TOP LISTED/PUBLIC PLAYERS DOMINATING CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET IN LAST 3 YEARS
     13.5 COMPETITIVE SCENARIO
             13.5.1 NEW PRODUCT LAUNCHES
                        TABLE 68 PRODUCT LAUNCHES, 2017–2021
             13.5.2 DEALS
                        TABLE 69 DEALS, 2017–2021
             13.5.3 EXPANSIONS, 2018
                        TABLE 70 EXPANSIONS, 2018
     13.6 COMPETITIVE LEADERSHIP MAPPING FOR CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET
             13.6.1 STARS
             13.6.2 EMERGING LEADERS
             13.6.3 PERVASIVE
             13.6.4 PARTICIPANTS
                        FIGURE 41 CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
                        TABLE 71 CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET: COMPANY FOOTPRINT, 2020
                        TABLE 72 CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET: COMPANY INDUSTRY FOOTPRINT, 2020
                        TABLE 73 CONSTRUCTION AND HEAVY EQUIPMENT TELEMATICS MARKET: COMPANY REGION FOOTPRINT, 2020

14 COMPANY PROFILES (Page No. - 156)
(Business overview, Products offered, Recent developments & MnM View)*
     14.1 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET – KEY PLAYERS
             14.1.1 VERIZON
                        TABLE 74 VERIZON: BUSINESS OVERVIEW
                        FIGURE 42 VERIZON: COMPANY SNAPSHOT
                        TABLE 75 VERIZON – PRODUCT LAUNCHES
                        TABLE 76 VERIZON – DEALS
             14.1.2 TRIMBLE INC.
                        TABLE 77 TRIMBLE INC.: BUSINESS OVERVIEW
                        FIGURE 43 TRIMBLE INC.: COMPANY SNAPSHOT
                        TABLE 78 TRIMBLE INC. – PRODUCT LAUNCHES
                        TABLE 79 TRIMBLE INC. – DEALS
             14.1.3 TOPCON CORPORATION
                        TABLE 80 TOPCON CORPORATION: BUSINESS OVERVIEW
                        FIGURE 44 TOPCON CORPORATION: COMPANY SNAPSHOT
                        TABLE 81 TOPCON CORPORATION – PRODUCT LAUNCHES
                        TABLE 82 TOPCON CORPORATION – DEALS
             14.1.4 HEXAGON AB
                        TABLE 83 HEXAGON AB: BUSINESS OVERVIEW
                        FIGURE 45 HEXAGON AB: COMPANY SNAPSHOT
                        TABLE 84 HEXAGON AB – PRODUCT LAUNCHES
                        TABLE 85 HEXAGON AB – DEALS
             14.1.5 ROBERT BOSCH GMBH
                        TABLE 86 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
                        FIGURE 46 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
                        TABLE 87 ROBERT BOSCH GMBH – PRODUCT LAUNCHES
                        TABLE 88 ROBERT BOSCH GMBH – DEALS
                        TABLE 89 ROBERT BOSCH GMBH – OTHERS
             14.1.6 WEBFLEET SOLUTIONS
                        TABLE 90 WEBFLEET SOLUTIONS (BRIDGESTONE): BUSINESS OVERVIEW
                        FIGURE 47 BRIDGESTONE: COMPANY SNAPSHOT
                        TABLE 91 WEBFLEET SOLUTIONS – PRODUCT LAUNCHES
                        TABLE 92 WEBFLEET – DEALS
             14.1.7 SIERRA WIRELESS
                        TABLE 93 SIERRA WIRELESS: BUSINESS OVERVIEW
                        FIGURE 48 SIERRA WIRELESS: COMPANY SNAPSHOT
                        TABLE 94 SIERRA WIRELESS – PRODUCT LAUNCHES
                        TABLE 95 SIERRA WIRELESS – DEALS
             14.1.8 ORBCOMM
                        TABLE 96 ORBCOMM: BUSINESS OVERVIEW
                        FIGURE 49 ORBCOMM: COMPANY SNAPSHOT
                        TABLE 97 ORBCOMM – PRODUCT LAUNCHES
                        TABLE 98 ORBCOMM – DEALS
             14.1.9 CALAMP CORP.
                        TABLE 99 CALAMP CORP.: BUSINESS OVERVIEW
                        FIGURE 50 CALAMP CORP.: COMPANY SNAPSHOT
                        TABLE 100 CALAMP CORP. – PRODUCT LAUNCHES
                        TABLE 101 CALAMP CORP. – DEALS
             14.1.10 ACTIA GROUP
                        TABLE 102 ACTIA GROUP: BUSINESS OVERVIEW
                        FIGURE 51 ACTIA GROUP: COMPANY SNAPSHOT
                        TABLE 103 ACTIA GROUP – DEALS
                        TABLE 104 ACTIA GROUP – OTHER
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     14.2 ADDITIONAL COMPANIES
             14.2.1 NORTH AMERICA
                        14.2.1.1 Geotab Inc.
                        14.2.1.2 Zonar Systems
                        14.2.1.3 The Morey Corporation
                        14.2.1.4 Teletrac Navman Inc.
                        14.2.1.5 Heavy Construction Systems Specialists
                        14.2.1.6 Wireless Links
                        14.2.1.7 LHP Telematics
                        14.2.1.8 DPL Telematics
                        14.2.1.9 GPS Trackit
             14.2.2 EUROPE
                        14.2.2.1 Box Telematics Limited
                        14.2.2.2 TelliQ AB
                        14.2.2.3 DSA Daten- UND Systemtechnik GmbH
                        14.2.2.4 Telic AG
                        14.2.2.5 Frotcom
             14.2.3 REST OF THE WORLD
                        14.2.3.1 Mix Telematics

15 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 213)
     15.1 GOVERNMENT REGULATIONS TO ENHANCE PENETRATION OF TELEMATICS IN OFF-HIGHWAY APPLICATIONS
     15.2 MINING TO OFFER LUCRATIVE OPPORTUNITIES IN ASIA PACIFIC & SOUTH AMERICA FOR TELEMATICS SERVICE PROVIDERS
     15.3 CONCLUSION

16 APPENDIX (Page No. - 215)
     16.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
     16.2 DISCUSSION GUIDE
     16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.4 AVAILABLE CUSTOMIZATIONS
             16.4.1 COUNTRY-LEVEL MARKET FOR CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS, BY INDUSTRY
                        16.4.1.1 Construction
                        16.4.1.2 Agriculture
                        16.4.1.3 Mining
             16.4.2 CONSTRUCTION & HEAVY EQUIPMENT TELEMATICS MARKET, BY FORM FACTOR FOR KEY COUNTRIES
                        16.4.2.1 Embedded
                        16.4.2.2 Integrated
                        16.4.2.3 Tethered
             16.4.3 HEAVY-DUTY VEHICLE TELEMATICS MARKET, BY VEHICLE TYPE
                        16.4.3.1 Truck
                        16.4.3.2 Bus
     16.5 RELATED REPORTS
     16.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the construction and heavy equipment telematics market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up and top-down approaches were adopted to derive the market size in terms of value. The market size was validated with the help of in-depth interviews with industry experts—excerpts of which are available in the discussion guide in the Appendix—and secondary research. After arriving at the final numbers for the market size, the report-writing phase commenced.

Secondary Research

Secondary sources referred to in this research study include independent industry associations for equipment sales and fleet; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. The secondary data was collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research was conducted after acquiring an understanding of the construction and heavy equipment telematics market scenario through secondary research. Several primary interviews were conducted with market experts from both, i.e., off-highway telematics solution providers, OEMs (involved in construction, mining and ag tractors space) across three major regions, namely, North America, Europe, and Asia Pacific. Approximately 60% and 40% of the primary interviews were conducted from the off-highway telematics solution providers and OEMs participants, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, including sales, operations, and administration, strived to provide a holistic viewpoint in reports while canvassing primaries.

After interacting with industry participants, some brief sessions were conducted with experienced independent consultants to reinforce the findings from the primaries. This, along with the opinions of in-house subject matter experts, has led to the findings delineated in the rest of this report.

Construction & Heavy Equipment Telematics Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both bottom-up and top-down approaches have been used to estimate the construction and heavy equipment telematics market. The bottom-up approach was used to estimate and validate the size of the construction and heavy equipment telematics market.

  • The market size, by value, was derived by identifying the penetration of off-highway telematics in considered industries, i.e., construction, mining, and agriculture (only tractors).
  • The penetrations considered (for both fleet and new sales) are triangulated considering the data available on secondary research, inputs from primary respondents, and MarketsandMarkets SME (subject matter expert) analysis.
  • This was further multiplied with the regional level equipment level volume of considered equipment type (construction equipment, mining equipment, and agriculture tractors) and weighted average telematics solution spending.
  • The arrived regional-level market size (USD million) represents the construction and heavy equipment telematics market value (USD million), by industry, for each region.

Construction & Heavy Equipment Telematics Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

After arriving at the overall market size of the global market through the abovementioned methodology, this market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact data for the market by value for the key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both OEM and MSP participants.

Report Objectives

  • To analyze and forecast the market size for construction and heavy equipment telematics from 2021 to 2026 in terms of value (USD million)
  • To analyze the impact of COVID-19 on the construction and heavy equipment telematics market
  • To define and describe the construction & heavy equipment telematics market by solution, industry, technology, form factor, hardware, vehicle category, and region.
  • By solution [asset tracking, fuel management, fleet performance reporting, navigation, diagnostics, equipment/fleet maintenance, fleet safety, and others (equipment utilization and geo-fencing)]
  • By industry (construction, agriculture, and mining)
  • By technology (cellular and satellite)
  • By hardware (telematics control unit and infotainment display unit)
  • By form factor (embedded, integrated, and tethered)
  • By vehicle category (new sales and existing fleet)
  • By region (Asia Pacific, Europe, North America, and Rest of the World)
  • To understand the dynamics (drivers, restraints, opportunities, and challenges) of the construction & heavy equipment telematics market
  • To study safety and regulatory landscape, Porter’s Five Forces, technology analysis, case study analysis, market ecosystem map, and trends impacting the customer’s business
  • To analyze the share of key players operating in the construction & heavy equipment telematics market
  • To understand the dynamics of competitors and distinguish them into stars, emerging leaders, pervasive players, and participants according to the strength of their product portfolio and business strategies
  • To analyze recent developments such as new product launches, partnerships/supply orders, mergers & acquisitions, and geographic expansion of key players in the construction & heavy equipment telematics market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.

Country-Level Market For Construction & Heavy Equipment Telematics, By Industry

  • Construction
  • Agriculture
  • Mining

(Note: Regions that are included in the study: North America, Europe, Asia Pacific, and RoW)

Construction & Heavy Equipment Telematics Market, By Form Factor for Key Countries

  • Embedded
  • Integrated
  • Tethered

(Note: Countries that are included in the study: US, EU5, Russia, China, India, and Japan)

Heavy-Duty Vehicle Telematics Market, By Vehicle Type

  • Truck
  • Bus

(Note: Regions that are included in the study: North America, Europe, Asia Pacific, and RoW)

COVID-19

Get in-depth analysis of the COVID-19 impact on the Construction & Heavy Equipment Telematics Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Construction & Heavy Equipment Telematics Market

Request For Special Pricing
Report Code
AT 7921
Published ON
Jun, 2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Construction & Heavy Equipment Telematics Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved