The off-highway vehicle telematics market was valued at US$ 781.00 million in 2021 in and is expected to reach US$ 1,166.96 million by 2028; it is estimated to register a CAGR of 5.9% during the forecast period from 2021 to 2028.
The telematics business has been evolving rapidly due to advancements in technologies. Some new trends on the horizon that must be investigated to stay ahead of the competition are:-
- Swift Interconnected Network: Upgrading to 4G and 5G networks offer a completely new experience in terms of bandwidth, faster data uploads, and feedback downloads, resulting in more real-time data sets, real-time driver safety, fleet maintenance, and fleet efficiency.
- Cloud Enablement: Sensors are attached to different sub-systems in a vehicle. These systems are constantly exchanging massive amounts of data. Sensors for tire pressure monitoring, video capture, and temperature monitoring are just a few examples. Advances in cloud technology have made it possible to store, handle, and successfully use huge amounts of data.
- Adoption by Small Businesses: Telematics has become more than just a trend for service providers and small fleet owners. Many start-ups deliver low-cost yet effective telematics solutions that may be found on the local market for smaller fleet owners.
- Direct Data Access and Intuitive Dashboards: Users get direct access to data for decision-making. Individual drivers, dispatch managers, a central fleet agency or local office, and franchisees benefit from this data. All stakeholders are given personalized role-based dashboards with restricted access to make informed real-time decisions based on their specific service needs, delivery or arrival times, handling constraints, and other factors. This also aids fleet management businesses to maintain a behavior-based driver scorecard and has legal implications. Many companies also exchange data with the shipping and carriage industry to improve dock scheduling. This aids in effective planning and results in happier and productive drivers.
Thus, rising technological advancements in off-highway vehicle telematics will drive the growth of the off-highway vehicle telematics market
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Off-Highway Vehicle Telematics Market: Strategic Insights
Market Size Value in US$ 781.00 Million in 2021 Market Size Value by US$ 1,166.96 Million by 2028 Growth rate CAGR of 5.9% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Off-Highway Vehicle Telematics Market: Strategic Insights
| Market Size Value in | US$ 781.00 Million in 2021 |
| Market Size Value by | US$ 1,166.96 Million by 2028 |
| Growth rate | CAGR of 5.9% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The construction industry's rapid digital transformation urges the adoption of new technologies that offer new prospects for the off-highway vehicle telematics market. Construction equipment telematics helps companies track their equipment's location and performance, monitor asset utilization, and verify that assets are being used effectively. If equipment is underutilized, it might be moved to another location where it is needed. This is how telematics for construction equipment improves overall efficiency which would, in turn, positively impact on the off-highway telematics market.
Furthermore, rising construction activity in both private and public sectors is likely to enhance market growth. Several infrastructure-related projects are underway or planned in countries such as India, the Philippines, the UAE, Saudi Arabia, Egypt, Nigeria, and the US. For instance, the Government of India allotted a budget of US$ 1.12 billion for the current fiscal year as part of the 'One Hundred Smart Cities' program in the Union Budget of 2014–2015. Moreover, the government plans to invest US$ 650 billion in various urban and infrastructural projects throughout the country over the next 20 years, which would, in turn, support the growth of the off-highway vehicle telematics market. Various infrastructure projects in the Middle East are in process, including Jeddah Economic City (Saudi Arabia), Masdar City (UAE), and Dubailand (UAE). This rapid rise in infrastructure projects is likely to increase demand for construction equipment.
Impact of COVID-19 Pandemic on North America Off-Highway Vehicle Telematics Market
North America is one of the leading regions in terms of the development and adoption of new technologies due to favorable government policies that boost innovation and strengthen the infrastructure capabilities. Hence, any adverse impact on the growth of industrial sector hampers the economic growth of the region. At present, the US is the world’s worst-affected country due to COVID-19 outbreak. The off-highway vehicle telematics market reliance on manufacturing players, such as automobile companies and automobile component manufacturers, has been highlighted by the recent pause in manufacturing units due to COVID-19 outbreak. Even before the COVID-19 outbreak, the automobile sector faced challenges such as electric mobility, driverless cars, automated factories, and ridesharing. The automobile industry is suffering a major setback because of severe restrictions on travel, closing of international manufacturing, declining sales of car, and large layoffs. The overall demand for off-highway vehicle telematics is likely to increase once the industries attain normal operational conditions. Owing to the rise in demand for automobiles, favorable government policies, and ever-increasing investments by North American countries in advanced technology, North America has the large demand for off-highway vehicle telematics.
Lucrative Regions for Off-Highway Vehicle Telematics Providers
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Off-Highway Vehicle Telematics Market Insights
Rising Integration of IoT
Microelectromechanical systems, the internet, and wireless technologies have all come together to form the Internet of Things (IoT). Fleet owners can utilize IoT to remotely monitor vehicle speed, tire air pressure, fuel usage, and driver behavior, further improving vehicle and driver efficiency. Developers of telematics systems can use this technology to create telematics solutions tailored to specific needs in the mining, agriculture, and construction industries, where operational costs are high. Service providers and fleet operators can embrace predictive analytics by combining IoT and fleet management technology. This gives the context to accomplish proactive management and a competitive edge in several critical operational areas. IoT sensors in service-oriented products, such as air conditioners, can only notify a service call when required, rather than at regular intervals. Condition-based monitoring lowers service costs while boosting accuracy and customer service. One of the most significant expenses for any fleet is fuel. If IoT sensors are integrated into the telematics system, fleet managers can get a near-real-time view of vehicle fuel use and expenditures. This enables managers to see who needs to be educated on effective driving behaviors and track unlawful operating expenditures and driving patterns, such as idling, which can waste gasoline. Furthermore, all fleets place a high focus on safety. With rising incidents of speeding, forceful braking, and aggressive driving, fleet managers can use driver coaching and safety education to address undesirable driving behaviors. Thus, the growing integration of the IoT can open up new commercial possibilities.
Connectivity Type-Based Market Insights
Based on connectivity type, the off-highway vehicle telematics market is segmented into cellular-based OHV telematics and satellite-based OHV telematics. The cellular-based OHV telematics segment led the off-highway vehicle telematics market with a share of 77.6% in 2020.
Off-Highway Vehicle Telematics Market, by Connectivity Type, 2020 and 2028 (%)
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Application-Based Market Insights
Based on application, the off-highway vehicle telematics market can be segmented into construction industry OHV telematics, agriculture industry OHV telematics, mining industry OHV telematics, and others. The construction industry OHV telematics segment led the off-highway vehicle telematics market with a share of 64.3% in 2020.
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Connectivity Type, Application, and Technology
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Based on application, the off-highway vehicle telematics market can be segmented Construction Industry OHV telematics, Agriculture Industry OHV telematics, Mining Industry OHV telematics, and Others. The construction industry OHV telematics segment led the Off-Highway Vehicle Telematics market with a share of 64.3% in 2020.
In 2020, North America led the market with a substantial revenue share, followed by Asia Pacific and Europe. North America is a prospective market for off-highway vehicle telematics developers.
The major companies in off-highway vehicle telematics includes Omnitracs, LLC; ORBCOMM; Stoneridge, Inc.; Teletrac Navman; TomTom International BV; Trackunit A/S; Wacker Neuson, Zonar Systems Inc.; TTCONTROL GMBH; and ACTIA Group.
Growth in construction industry and government policies to increase security and safety of off-highway vehicles are driving the growth of the off-highway vehicle telematics market.
The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including off-highway vehicle telematics market. The growing integration of the IoT can open up new commercial possibilities thus are presenting significant potential for the future growth of the off-highway vehicle telematics market players.
Based on connectivity type, the off-highway vehicle telematics market is segmented into Cellular-Based OHV telematics, and Satellite-Based OHV telematics. The cellular-Based OHV telematics segment led the off-highway vehicle telematics market with a share of 77.6% in 2020.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Off-Highway Vehicle Telematics Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Off-Highway Vehicle Telematics Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growth in Construction Industry
5.1.2 Government Policies to Increase Security and Safety of Off-Highway Vehicles
5.2 Market Restraints
5.2.1 Growing Uncertainty Among Fleet Operators
5.3 Market Opportunities
5.3.1 Rising Integration of IoT
5.4 Future Trends
5.4.1 Technological Advancements in Off-Highway Vehicle Telematics
5.5 Impact Analysis of Drivers and Restraints
6. Off-Highway Vehicle Telematics – Global Market Analysis
6.1 Global Off-Highway Vehicle Telematics Market Overview
6.2 Global Off-Highway Vehicle Telematics Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Off-Highway Vehicle Telematics Market Analysis – By Connectivity Type
7.1 Overview
7.2 Off-Highway Vehicle Telematics Market, By Connectivity Type (2020 And 2028)
7.3 Cellular-Based OHV telematics
7.3.1 Overview
7.3.2 Cellular-Based OHV telematics: Off-Highway Vehicle Telematics Market Revenue and Forecast To 2028 (US$ Million)
7.4 Satellite-Based OHV telematics
7.4.1 Overview
7.4.2 Satellite-Based OHV telematics: Off-Highway Vehicle Telematics Market Revenue and Forecast To 2028 (US$ Million)
8. Global Off-Highway Vehicle Telematics Market Analysis – By Application
8.1 Overview
8.2 Off-Highway Vehicle Telematics Market, By Application (2020 And 2028)
8.3 Construction Industry OHV telematics
8.3.1 Overview
8.3.2 Construction Industry OHV telematics: Off-Highway Vehicle Telematics Market Revenue and Forecast To 2028 (US$ Million)
8.4 Agriculture Industry OHV telematics
8.4.1 Overview
8.4.2 Agriculture Industry OHV telematics: Off-Highway Vehicle Telematics Market Revenue and Forecast To 2028 (US$ Million)
8.5 Mining Industry OHV telematics
8.5.1 Overview
8.5.2 Mining Industry OHV telematics: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
9. Global Off-Highway Vehicle Telematics Market Analysis – By Technology
9.1 Overview
9.2 Off-Highway Vehicle Telematics Market, By Technology (2020 and 2028)
9.3 LTE-M
9.3.1 Overview
9.3.2 LTE-M: Off-Highway Vehicle Telematics Market Revenue and Forecast To 2028 (US$ Million)
9.4 NB-IOT
9.4.1 Overview
9.4.2 NB-IoT: Off-Highway Vehicle Telematics Market Revenue and Forecast To 2028 (US$ Million)
9.5 SIGFOX
9.5.1 Overview
9.5.2 Sigfox: Off-Highway Vehicle Telematics Market Revenue and Forecast To 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Off-Highway Vehicle Telematics Market Revenue and Forecast To 2028 (US$ Million)
10. Off-Highway Vehicle Telematics Market – Geographic Analysis
10.1 Overview
10.2 North America: Off-Highway Vehicle Telematics Market
10.2.1 North America: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.2.3 North America: Off-Highway Vehicle Telematics Market, By Application
10.2.4 North America: Off-Highway Vehicle Telematics Market, By Technology
10.2.5 North America: Off-Highway Vehicle Telematics Market, by Key Country
10.2.5.1 US: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.2.5.1.2 US: Off-Highway Vehicle Telematics Market, By Application
10.2.5.1.3 US: Off-Highway Vehicle Telematics Market, By Technology
10.2.5.2 Canada: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.2.5.2.2 Canada: Off-Highway Vehicle Telematics Market, By Application
10.2.5.2.3 Canada: Off-Highway Vehicle Telematics Market, By Technology
10.2.5.3 Mexico: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.2.5.3.2 Mexico: Off-Highway Vehicle Telematics Market, By Application
10.2.5.3.3 Mexico: Off-Highway Vehicle Telematics Market, By Technology
10.3 Europe: Off-Highway Vehicle Telematics Market
10.3.1 Europe: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.3.3 Europe: Off-Highway Vehicle Telematics Market, By Application
10.3.4 Europe: Off-Highway Vehicle Telematics Market, By Technology
10.3.5 Europe: Off-Highway Vehicle Telematics Market, by Key Country
10.3.5.1 Germany: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.3.5.1.2 Germany: Off-Highway Vehicle Telematics Market, By Application
10.3.5.1.3 Germany: Off-Highway Vehicle Telematics Market, By Technology
10.3.5.2 France: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.3.5.2.2 France: Off-Highway Vehicle Telematics Market, By Application
10.3.5.2.3 France: Off-Highway Vehicle Telematics Market, By Technology
10.3.5.3 Italy: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.3.5.3.2 Italy: Off-Highway Vehicle Telematics Market, By Application
10.3.5.3.3 Italy: Off-Highway Vehicle Telematics Market, By Technology
10.3.5.4 UK: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.3.5.4.2 UK: Off-Highway Vehicle Telematics Market, By Application
10.3.5.4.3 UK: Off-Highway Vehicle Telematics Market, By Technology
10.3.5.5 Russia: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.3.5.5.2 Russia: Off-Highway Vehicle Telematics Market, By Application
10.3.5.5.3 Russia: Off-Highway Vehicle Telematics Market, By Technology
10.3.5.6 Rest of Europe: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.3.5.6.2 Rest of Europe: Off-Highway Vehicle Telematics Market, By Application
10.3.5.6.3 Rest of Europe: Off-Highway Vehicle Telematics Market, By Technology
10.4 APAC: Off-Highway Vehicle Telematics Market
10.4.1 APAC: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.4.3 APAC: Off-Highway Vehicle Telematics Market, By Application
10.4.4 APAC: Off-Highway Vehicle Telematics Market, By Technology
10.4.5 APAC: Off-Highway Vehicle Telematics Market, by Key Country
10.4.5.1 Australia: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.4.5.1.2 Australia: Off-Highway Vehicle Telematics Market, By Application
10.4.5.1.3 Australia: Off-Highway Vehicle Telematics Market, By Technology
10.4.5.2 China: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.4.5.2.2 China: Off-Highway Vehicle Telematics Market, By Application
10.4.5.2.3 China: Off-Highway Vehicle Telematics Market, By Technology
10.4.5.3 India: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.4.5.3.2 India: Off-Highway Vehicle Telematics Market, By Application
10.4.5.3.3 India: Off-Highway Vehicle Telematics Market, By Technology
10.4.5.4 Japan: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.4.5.4.2 Japan: Off-Highway Vehicle Telematics Market, By Application
10.4.5.4.3 Japan: Off-Highway Vehicle Telematics Market, By Technology
10.4.5.5 South Korea: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.4.5.5.2 South Korea: Off-Highway Vehicle Telematics Market, By Application
10.4.5.5.3 South Korea: Off-Highway Vehicle Telematics Market, By Technology
10.4.5.6 Rest of APAC: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.4.5.6.2 Rest of APAC: Off-Highway Vehicle Telematics Market, By Application
10.4.5.6.3 Rest of APAC: Off-Highway Vehicle Telematics Market, By Technology
10.5 MEA: Off-Highway Vehicle Telematics Market
10.5.1 MEA: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.5.3 MEA: Off-Highway Vehicle Telematics Market, By Application
10.5.4 MEA: Off-Highway Vehicle Telematics Market, By Technology
10.5.5 MEA: Off-Highway Vehicle Telematics Market, by Key Country
10.5.5.1 South Africa: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.5.5.1.2 South Africa: Off-Highway Vehicle Telematics Market, By Application
10.5.5.1.3 South Africa: Off-Highway Vehicle Telematics Market, By Technology
10.5.5.2 Saudi Arabia: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.5.5.2.2 Saudi Arabia: Off-Highway Vehicle Telematics Market, By Application
10.5.5.2.3 Saudi Arabia: Off-Highway Vehicle Telematics Market, By Technology
10.5.5.3 UAE: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.5.5.3.2 UAE: Off-Highway Vehicle Telematics Market, By Application
10.5.5.3.3 UAE: Off-Highway Vehicle Telematics Market, By Technology
10.5.5.4 Rest of MEA: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.5.5.4.2 Rest of MEA: Off-Highway Vehicle Telematics Market, By Application
10.5.5.4.3 Rest of MEA: Off-Highway Vehicle Telematics Market, By Technology
10.6 SAM: Off-Highway Vehicle Telematics Market
10.6.1 SAM: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.6.3 SAM: Off-Highway Vehicle Telematics Market, By Application
10.6.4 SAM: OFF-HIGHWAY VEHICLE TELEMATICS MARKET, BY TECHNOLOGY
10.6.5 SAM: Off-Highway Vehicle Telematics Market, by Key Country
10.6.5.1 Brazil: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.6.5.1.2 Brazil: Off-Highway Vehicle Telematics Market, By Application
10.6.5.1.3 Brazil: Off-Highway Vehicle Telematics Market, By Technology
10.6.5.2 Argentina: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.6.5.2.2 Argentina: Off-Highway Vehicle Telematics Market, By Application
10.6.5.2.3 Argentina: Off-Highway Vehicle Telematics Market, By Technology
10.6.5.3 Rest of SAM: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Off-Highway Vehicle Telematics Market, By Connectivity Type
10.6.5.3.2 Rest of SAM: Off-Highway Vehicle Telematics Market, By Application
10.6.5.3.3 Rest of SAM: Off-Highway Vehicle Telematics Market, By Technology
11. Off-Highway Vehicle Telematics Market - Covid-19 Impact Analysis
11.1 Overview
11.2 North America: Impact Assessment of Covid-19 Pandemic
11.3 Europe: Impact Assessment of Covid-19 Pandemic
11.4 Asia Pacific: Impact Assessment of Covid-19 Pandemic
11.5 Middle East & Africa: Impact Assessment of Covid-19 Pandemic
11.6 South America Impact Assessment of Covid-19 Pandemic
12. Off-Highway Vehicle Telematics Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 Wacker Neuson SE
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Stoneridge , Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 TTControl GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Omnitracs, LLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 ORBCOMM Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Trackunit A/S
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 TomTom Telematics BV
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Zonar Systems Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Teletrac Navman
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 ACTIA Group
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Global Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Off-Highway Vehicle Telematics Market, By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Off-Highway Vehicle Telematics Market Revenue Share, by Key Country (2020 and 2028)
Table 6. US: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Off-Highway Vehicle Telematics Market, By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Off-Highway Vehicle Telematics Market Revenue Share, by Key Country (2020 and 2028)
Table 19. Germany: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 20. Germany: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 21. Germany: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 22. France: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 23. France: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 32. Russia: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 33. Russia: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Europe: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Europe: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 37. APAC: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 38. APAC: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 39. APAC: Off-Highway Vehicle Telematics Market, By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 40. APAC: Off-Highway Vehicle Telematics Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 43. Australia: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 45. China: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 46. China: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 49. India: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 50. Japan: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 51. Japan: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 52. Japan: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 54. South Korea: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 55. South Korea: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of APAC: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of APAC: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of APAC: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 59. MEA: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 60. MEA: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 61. MEA: Off-Highway Vehicle Telematics Market, By Technology – Revenue and Forecast to 2028 (US$ Million)
Table 62. MEA: Off-Highway Vehicle Telematics Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 63. South Africa: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 64. South Africa: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 65. South Africa: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 66. Saudi Arabia: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 67. Saudi Arabia: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 68. Saudi Arabia: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 69. UAE: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 70. UAE: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 71. UAE: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 72. Rest of MEA: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of MEA: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of MEA: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 75. SAM: Off-Highway Vehicle Telematics Market, By Connectivity Type– Revenue and Forecast to 2028 (US$ Million)
Table 76. SAM: Off-Highway Vehicle Telematics Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 77. SAM: OFF-HIGHWAY VEHICLE TELEMATICS MARKET, BY TECHNOLOGY – Revenue and Forecast to 2028 (US$ Million)
Table 78. SAM: Off-Highway Vehicle Telematics Market, by Powertrain Type– by Country (UNITS IN MILLION)
Table 79. Brazil: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 80. Brazil: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 81. Brazil: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 82. Argentina: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 83. Argentina: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 84. Argentina: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of SAM: Off-Highway Vehicle Telematics Market, By Connectivity Type–Revenue and Forecast to 2028 (US$ Million)
Table 86. Rest of SAM: Off-Highway Vehicle Telematics Market, By Application–Revenue and Forecast to 2028 (US$ Million)
Table 87. Rest of SAM: Off-Highway Vehicle Telematics Market, By Technology–Revenue and Forecast to 2028 (US$ Million)
Table 88. List of Abbreviation
LIST OF FIGURES
Figure 1. Off-Highway Vehicle Telematics Market Segmentation
Figure 2. Off-Highway Vehicle Telematics Market Segmentation – By Geography
Figure 3. Global Off-Highway Vehicle Telematics Market Overview
Figure 4. Off-Highway Vehicle Telematics Market, By Connectivity Type
Figure 5. Off-Highway Vehicle Telematics Market, By Application
Figure 6. Off-Highway Vehicle Telematics Market, By Technology
Figure 7. Off-Highway Vehicle Telematics Market, By Geography
Figure 8. North America PEST Analysis
Figure 9. Europe PEST Analysis
Figure 10. APAC – PEST Analysis
Figure 11. MEA PEST Analysis
Figure 12. SAM PEST Analysis
Figure 13. Off-Highway Vehicle Telematics Market- Ecosystem Analysis
Figure 14. Off-Highway Vehicle Telematics Market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Off-Highway Vehicle Telematics Market
Figure 16. Global Off-Highway Vehicle Telematics Market Revenue Forecast and Analysis (US$ Million)
Figure 17. Off-Highway Vehicle Telematics Market, By Connectivity Type (2020 And 2028)
Figure 18. Cellular-Based OHV telematics: Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Satellite-Based OHV telematics: Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Off-Highway Vehicle Telematics Market, By Application (2020 and 2028)
Figure 21. Construction Industry OHV telematics: Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Agriculture Industry OHV telematics: Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Mining Industry OHV telematics: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Off-Highway Vehicle Telematics Market, By Technology (2020 and 2028)
Figure 26. LTE-M: Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. NB-IOT: Off-Highway Vehicle Telematics Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Sigfox: Off-Highway Vehicle Telematics MARKET REVENUE and Forecast to 2028 (US$ Million)
Figure 29. Others: Off-Highway Vehicle Telematics MARKET REVENUE and Forecast to 2028 (US$ Million)
Figure 30. Off-Highway Vehicle Telematics Market Revenue Share, by region (2020 and 2028)
Figure 31. North America: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America: Off-Highway Vehicle Telematics Market Revenue Share, By Connectivity Type (2020 And 2028)
Figure 33. North America: OFF-HIGHWAY VEHICLE TELEMATICS MARKET REVENUE SHARE, BY APPLICATION (2020 AND 2028)
Figure 34. North America: Off-Highway Vehicle Telematics Market Revenue Share, By Technology (2020 and 2028)
Figure 35. North America: Off-Highway Vehicle Telematics Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. US: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Mexico: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Europe: Off-Highway Vehicle Telematics Market Revenue Share, By Connectivity Type (2020 And 2028)
Figure 41. Europe: Off-Highway Vehicle Telematics Market Revenue Share, By Application (2020 and 2028)
Figure 42. Europe: Off-Highway Vehicle Telematics Market Revenue Share, By Technology (2020 and 2028)
Figure 43. Europe: Off-Highway Vehicle Telematics Market Revenue Share, by Key Country (2020 and 2028)
Figure 44. Germany: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. France: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Italy: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. UK: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Russia: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Europe: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. APAC: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. APAC: Off-Highway Vehicle Telematics Market Revenue Share, By Connectivity Type (2020 and 2028)
Figure 52. APAC: Off-Highway Vehicle Telematics Market Revenue Share, By Application (2020 and 2028)
Figure 53. APAC: Off-Highway Vehicle Telematics Market Revenue Share, By Technology (2020 and 2028)
Figure 54. APAC: Off-Highway Vehicle Telematics Market Revenue Share, by Key Country (2020 and 2028)
Figure 55. Australia: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. China: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. India: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Japan: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. South Korea: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of APAC: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. MEA: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. MEA: Off-Highway Vehicle Telematics Market Revenue Share, By Connectivity Type (2020 and 2028)
Figure 63. MEA: Off-Highway Vehicle Telematics Market Revenue Share, By Application (2020 and 2028)
Figure 64. MEA: Off-Highway Vehicle Telematics Market Revenue Share, By Technology (2020 and 2028)
Figure 65. MEA: Off-Highway Vehicle Telematics Market Revenue Share, by Key Country (2020 and 2028)
Figure 66. South Africa: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Saudi Arabia: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. UAE: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of MEA: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. SAM: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. SAM: Off-Highway Vehicle Telematics Market Revenue Share, By Connectivity Type (2020 and 2028)
Figure 72. SAM: Off-Highway Vehicle Telematics Market Revenue Share, By Application (2020 and 2028)
Figure 73. SAM: Off-Highway Vehicle Telematics Market Revenue Share, By Technology (2020 and 2028)
Figure 74. SAM: Off-Highway Vehicle Telematics Market Revenue Share, by Key Country (2021 and 2028)
Figure 75. Brazil: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Argentina: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Rest of SAM: Off-Highway Vehicle Telematics Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Impact of Covid-19 Pandemic in North American Country Markets
Figure 79. Impact of Covid-19 Pandemic in Europe Country Markets
Figure 80. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
Figure 81. Impact of Covid-19 Pandemic in Middle East & Africa Country Markets
Figure 82. Impact of Covid-19 Pandemic in South America Country Markets
The List of Companies - Off-Highway Vehicle Telematics Market
- Wacker Neuson SE
- Stoneridge, Inc.
- TTControl GmbH
- Omnitracs, LLC
- ORBCOMM Inc.
- Trackunit A/S
- TomTom Telematics BV
- Zonar Systems Inc.
- Teletrac Navman
- ACTIA Group
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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