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Telematics Solutions Market – Segmentation and Analysis by Recent Trends Black Tyus Bowser Jersey , Development and Growth by Regions to 2022
by swapnilbhosale369@ · February 25, 2019


“Telematics Solutions Market聽for On & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance Black Marlon Humphrey Jersey , Tracking, Fuel Management, Maintenance, & Diagnostics), Form Factor, Hardware Black Lamar Jackson Jersey , Equipment Type, Technology, Aftermarket & Region – Forecast to 2022″,聽The telematics market for on & off-highway vehicles is projected to grow at a CAGR of 14.37% during the forecast period, to reach a market size of USD 40.84 billion by 2022.


The increasing number of safety and security regulations (eCall, stolen vehicle recovery Black Hayden Hurst Jersey , ERA GLONASS, and ELD mandate), rising demand for vehicle data for interpretation and analysis, improved productivity and utilization of off-highway equipment, and reduced operational costs are the key drivers for this market.


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Players Profiled in the Report are:

Robert Bosch GmbH (Germany) Continental AG (Germany) LG Electronics (South Korea) Verizon (U.S.) Harman International (U.S.) Qualcomm Technologies, Inc. (U.S.) Delphi Automotive PLC (U.K.) Trimble Black Justin Tucker Jersey , Inc. (U.S.) Intel (U.S.) Magneti Marelli S.P.A. (Italy) TomTom International B.V. (Netherlands) Visteon Corporation (U.S.)

鈥淒iagnostics services are projected to grow at the fastest rate in the off-highway telematics market over the period of next five years鈥?p>

The diagnostics services segment is estimated to grow at the highest CAGR in the telematics market for off-highway vehicles during the forecast period. The diagnostics services allow the users to proactively monitor the engine condition and send a maintenance alert in advance, if required, to prevent a major breakdown. Further, predictive maintenance helps to check the equipment operation and reliability to ensure smooth functioning of the equipment. Hence, the minimization of maintenance and repairing costs and performance monitoring of critical parts are expected to drive the diagnostics services market for off-highway vehicles in the near future.


鈥淐ellular technology is estimated to have the largest share of the off-highway telematics market鈥?p>

The cellular technology is estimated to have the largest share of the telematics market for off-highway vehicles during the forecast period. Nowadays, the devices are compatible with 3G and 4G LTE technology for data communication. Countries such as the U.S. Black Jimmy Smith Jersey , Canada, Germany, France, Japan, and South Korea have a high installed base of cellular technology owing to the excellent network infrastructure. China, India Black Terrell Suggs Jersey , and Brazil have also shown a significant growth potential due to infrastructural developments, an increasing number of users, and connectivity solution providers. Hence, owing to the wide network coverage offered by established network providers such as AT&T (U.S.), Verizon (U.S.), and Vodafone Group (U.K.) in North America Black Marshal Yanda Jersey , Europe, and a few Asian countries, the cellular technology will continue to be an attractive option and will remain dominant in the coming years.


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Oceania: The fastest-growing telematics market for off-highway vehicles from 2017 to 2022鈥?p>

The Asia Oceania telematics market for off-highway vehicles is projected to grow at the highest CAGR during the forecast period. The growth of this market is mainly driven by the construction equipment. The factors contributing to the growth of this market are a large consumer base, high demand for basic infrastructural facilities, and a constant increase in infrastructure funding. According