Highway Vehicle Telematics Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: AM 25876 Report Format: PDF + Excel
Overview
The Global market for high vehicle telematics is forecast to reach $19.4 billion by 2025, growing at a CAGR of 21.4% from 2020 to 2025. The market growth is attributed to the factors such as growing applications among different verticals including agriculture, mining, construction and others. Moreover technological developments, safety, security, theft recovery and others boosts the market growth.

Report Coverage
The report: “High vehicle telematics market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the high vehicle telematics market. 

By Sales: OEM, Aftermarket
By Technology: Cellular, Satellite
By End User: Agriculture (Harvesters, Tractors), Construction (Cranes, Dozers, Dump Trucks, Excavators, Loaders), Mining (Surface Mining Machinery, Underground Mining Machinery)
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South korea, Australia and Others), and ROW (Middle East and Africa)

Key Takeaways
  • Growing demand from construction and mining industry leverages a positive impact on the market growth of highway vehicle telematics.
  • APAC region is anticipated to dominate the global high vehicle telematics market in the forecast period 2020-2025 owing to growing digitization, technological developments, strategic collaborations and others.

By Technology- Segment Analysis
Satellite segment held the highest market share of high vehicle telematics in 2019. Moreover, it is anticipated to witness the significant market growth during the forecast period 2020-2025. The market growth is owing to its features including Vehicle tracking, Trailer and asset tracking, Maintenance improvements, Safety tracking, and others. A combination of GPS satellites, antennas,  GPRS networks and cloud technology makes highway vehicle tracking. The GPS receiver collects and stores knowledge from GPS satellites for use in devices such as GPS vehicle navigation systems. This often conveys the knowledge to the cloud servers used by office-based personnel through GPRS, where it can be utilised to send the closest driver to a new job. Highway vehicle servicing and equipment lifecycle monitoring is also enhanced by leveraging satellite telematics technologies to maintain details of hours of usage and plan proactive maintenance, as well as aid to keep eye on contract repair, engine hour logging and monitor details of operation. By monitoring engine diagnostics, such as battery strength, thermal brake performance, powertrain damage, intake valve issues, oxygen sensor problems, and more, firms can reduce costs and maintain machines in safe operating environments.

By End user - Segment Analysis 
The Construction vertical segment held the highest market share in 2019. Moreover, it is anticipated to witness the significant market growth during the forecast period 2020-2025.   The market growth is primarily attributed to factors such as GPS-based technologies enabling automobiles working in various sectors to track and control the position. Moreover, due to telematics benefits, end users may control the unknown paths, regulate driving speed, and maintain protection, helping project stakeholders to reach timely deadlines. The construction sector makes heavy use of telematics for transportation. Telematics systems make it far simpler to monitor the movement of goods, so that the management may ensure that items are in order on site when required. When on-site materials are not available, the team will not be able to carry out the work they need. By promoting material movement in this manner, telematics allows it simpler for building teams to advance according to their scheduled timetables. In addition to improved driver behaviour tracking, more performance gains are enabled by increased route preparation-and the consequent decreased fuel costs. It helps vehicle administrators to identify and formulate methods to reduce unacceptable driver behavior, including difficult parking, tailgating, violent driving and rough cornering. It carries real fuel quality gains again.

Geography - Segment Analysis
APAC region is anticipated have the significant market growth during the forecast period 2020-2025. The market growth is owing to growing digitization, industrialisation technological developments, and others. Moreover, protection and enforcement solutions are some of the main factors which continue to drive the growth of the APAC highway Vehicle Telematics market as the health and safety is among the market-related tentative features and functions. The service providers integrate the compliance element into different activities, including supporting schedule control, laws and regulations, and tracking reporting timelines. These also help to integrate policy regulations and recommendations for applying telematics systems for heavy vehicles. China, India , Japan , South Korea and Australia are some of the main countries that played a major role in the development of the telematics industry for highway vehicles in Asia Pacific. Telematics for highway vehicles aid in overall performance enhancement, lower fuel and repair costs, lower operating costs, and enhance protection allowing the government develop guidelines for implementing the new telematics and boosting the development of the Asia Pacific commercial vehicle telematics industry.
Drivers – High vehicle telematics market 

Growing Technology Penetration
Globally, internet usage has increased, as well as the growing use of modern wireless technologies. Advanced broadband infrastructure including 3 G, 4 G, 5 G and LTE is anticipated to be commonly adopted in the future. In most areas of the world road and service networks in telecommunications are continuously developing which is anticipated to boosts the market growth.

Challenges – High vehicle telematics market
  • Power Dependency
Vehicle monitoring systems involve working from a power source. Nevertheless, the drawbacks of all battery driven and hardwired systems are theirs. Battery-powered trackers will be held charged at all times in order to prevent the risk of getting trapped in an accident where there is no chance of calling for support if electricity is out. 

Market Landscape
Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the high vehicle telematics market. As of 2019, the market for high vehicle telematics market is consolidated with the top players including TomTom International BV, Zonar Systems Inc., Harman International Industries Inc., Bridgestone Europe NV/SA, Trackunit A/S, ORBCOMM Inc., Omnitracs LLC, Topcon Corporation, Navman Wireless, Wacker Neuson SE, and among others.

Acquisitions/Technology Launches/Partnerships
  • In January 2020, Bendix entered  into a partnership with GeoTab. Adding Geotab to the list of telematics platforms supports Bendix CVS 'SafetyDirect system is the only video-based driver safety solution combined with an active safety system and available for installation on the production line at all of the major OEs.
  • In April 2019, ORBCOMM Inc. launched its upgraded online platform and its new heavy equipment telematics tools.
1. Highway Vehicle Telematics Market - Overview
        1.1 Definitions and Scope
2. Highway Vehicle Telematics Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Highway Vehicle Telematics Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Highway Vehicle Telematics Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Highway Vehicle Telematics Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Highway Vehicle Telematics Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Highway Vehicle Telematics Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Highway Vehicle Telematics Market - By Sales (Market Size -$Million / $Billion)
        8.1 OEM
        8.2 Aftermarket
9. Highway Vehicle Telematics Market - By End-user (Market Size -$Million / $Billion)
9.1 Agriculture
9.1.1 Harvesters
9.1.2 Tractors
9.2 Construction
9.2.1 Cranes
9.2.2 Dozers 
9.2.3 Dump Trucks
9.2.4 Excavators
9.2.5 Loaders
9.3 Mining
9.3.1 Surface Mining Machinery
9.3.2 Underground Mining Machinery
10. Highway Vehicle Telematics - By Technology (Market Size -$Million / $Billion)
        10.1 Cellular
        10.2 Satellite
11. Highway Vehicle Telematics- By Geography (Market Size -$Million / $Billion)
        11.1 Highway Vehicle Telematics Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Highway Vehicle Telematics- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Highway Vehicle Telematics- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Highway Vehicle Telematics - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Highway Vehicle Telematics - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Highway Vehicle Telematics Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Highway Vehicle Telematics Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Highway Vehicle Telematics Market - Key Company List by Country Premium
15. Highway Vehicle Telematics Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Harman international industries inc.
15.3 Mix telematics limited
15.4 Navman wireless 
15.5 Omnitracs llc
15.6 Orbcomm inc.
15.7 Tomtom international bv
15.8 Topcon corporation
15.9 Trackunit a/s
15.10 Wacker neuson se
15.11 Zonar systems inc.
15.12 Company 11
15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Highway Vehicle Telematics Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Highway Vehicle Telematics Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends