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Construction Telemetry Market Share

Report ID: GMI11304
Published Date: Sep 2024
Report Format: PDF

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Construction Telemetry Market Share

Komatsu Ltd., Caterpillar Inc., and Trimble Inc. hold a significant market share of over 15% in construction telemetry industry. These major companies are focusing on developing integrated telemetry solutions that combine hardware, software, and services to provide comprehensive construction management platforms. They are also investing heavily in R&D to incorporate emerging technologies such as AI, IoT, and 5G into their offerings as well as expanding their global reach through strategic partnerships and acquisitions.

Additionally, the market leaders such as Verizon and Caterpillar are prioritizing sustainability and efficiency in their telemetry solutions. They are developing systems that not only improve operational efficiency but also help construction companies reduce their environmental impact by optimizing fuel consumption, reducing idle time, and minimizing waste.

Construction Telemetry Market Companies

Major players operating in the construction telemetry industry are:

Autodesk Inc.
Caterpillar Inc.
Hilti Corporation
Komatsu Ltd.
Leica Geosystems AG
Procore Technologies Inc.
Skycatch Inc.
Topcon Corporation
Trimble Inc.
Verizon Connect LLC

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of construction telemetry reached USD 6.3 billion in 2023 and is set to register over 5% CAGR between 2024 and 2032, led by the rapid digitalization of the construction sector, coupled with the increasing need for real-time data analytics and remote monitoring capabilities.

The hardware segment was valued at over USD 2.7 billion in 2023 and will grow rapidly through 2032, driven by the increasing miniaturization and enhanced durability of telemetry devices.

North America market held a share of over 35% in 2023, due to the region's advanced construction sector, characterized by a high adoption rate of cutting-edge technologies and a strong focus on operational efficiency.

Procore Technologies Inc, Skycatch Inc, Topcon Corporation, Trimble Inc, Verizon Connect LLC among others.