Off-Highway Vehicle Telematics Market Scope and Key Players Analysis by 2028
Off-Highway Vehicle Telematics Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 781.00 Million |
Market Size by 2028 | US$ 1,166.96 Million |
Global CAGR (2021 - 2028) | 5.9% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Connectivity Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Technology-Based Market Insights
Based on technology, the off-highway vehicle telematics market can be segmented into LTE-M, NB-IoT, Sigfox, and others. The LTE-M led the off-highway vehicle telematics market with a share of 82.3% in 2020.
The players operating in the off-highway vehicle telematics market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In January 2022, Stoneridge and Valens semiconductor have formed partnerships for development of the Tractor-Trailer Safety Through Advanced Connectivity and Vision Solutions which in turn positively impact on the off-highway telematics market.
- In August 2020, HY-TTC 500 controller family certified for road use. HY-TTC 500 consists of high-end safety-control units, designed to build up a safe, centralized electronic architecture. Certification of HY-TTC 500 controller, a product of TTControl gets certified for road use under ISO 26262.
Company Profiles
- Omnitracs, LLC
- ORBCOMM
- Stoneridge, Inc.
- Teletrac Navman
- TomTom International BV
- Trackunit A/S
- Wacker Neuson
- Zonar Systems Inc.
- TTCONTROL GMBH
- ACTIA Group