Rising Penetration of Telematics in Heavy Equipment Market Driven by Increasing Demand for Connectivity at Low Cost – Technological Advancements, Potential Business Opportunities, Future Prospects

Telematics refers to a combination of telecommunications and information technology with the automotive industry. It is a method of sending, receiving and storing information relating to objects such as vehicles - via telecommunication devices. Satellite-based tracking devices are also able to track the location of heavy equipment even when they are in remote areas like construction sites, mines, or oil & gas fields. With their cellular counterparts, satellite-based tracking devices can locate misplaced or stolen equipment or track equipment being used during off-hours or in unauthorized areas.

Global Telematics In Heavy Equipment Market Estimated to grow at CAGR of +11% during forecast period

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Telematics is basically combines GPS or cellular technology with on-board diagnostics to record, and locate exactly where the car is and how far the car is travelling with cross reference to how the car is behaving internally and is composed of end-user computing devices, computer networks and backbone telecommunications infrastructure.

Top Companies Profiled in this Report includes, Trimble Inc., Telogis, Heavy Construction Systems Specialists Inc., ORBCOMM Inc., Geotab Inc., Zonar Systems Inc., Navman Group, ACTIA Group, LoJack Corporation, The Morey Corporation, TelliQ AB, Topcon Corporation, GPS TRACKIT, LHP Telematics, DPL Telematics

Telematics in Heavy Equipment market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.

The global telematics in heavy equipment market is also benefitting from the rising demand from the thriving global construction industry. The penetration of telematics in construction sector is increasing significantly as number of OEMs are implementing telematics solutions in their equipment for added benefits such as keeping an effective track of equipment performance. Operators are realizing more benefits of telematics such as theft reduction, reduction in fuel consumption, and improved efficiency of heavy equipment. Telematics also provides safety to fleet operators by enabling them to observe noise limit requirements and real time site access.

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Various factors are responsible behind the market’s growth trail, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Telematics in Heavy Equipment market. It also gauges the bargaining power of suppliers and buyers, threat to the new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the market’s trajectory between forecast periods.

Telematics in Heavy Equipment market is segmented on the basis of various parameters. The factors which are impacting the market’s growth are studied in detail. The report also presents a overall weaknesses which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating and encouraging in the growth of the global market are included in the study. Additionally, using SWOT analysis, markets weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.

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