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Off-highway Vehicle (OHV) Telematics Market Share

Report ID: GMI9529
Published Date: May 2024
Report Format: PDF

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Off-Highway Vehicle Telematics Market Share

Trimble Inc. and Caterpillar hold a market share of over 10% in the OHV telematics industry. Trimble focuses on continuous product innovation to stay ahead of market trends and meet evolving customer needs. The company invests in research and development to develop advanced telematics solutions tailored to specific industries, including construction, agriculture, and mining.

Caterpillar leverages its extensive global dealer network to market, sell, and support its telematics solutions to customers worldwide. The company works closely with authorized dealers to promote telematics adoption, provide training and technical support, and offer value-added services such as equipment monitoring, fleet management, and predictive maintenance.

Off-Highway Vehicle Telematics Market Companies

Major companies operating in the off-highway vehicle telematics industry are:

Caterpillar
Deere & Company
Hitachi Construction Machinery
Komatsu Ltd.
Orbcomm Inc.
Teletrac Navman
Topcon Corporation
Trackunit A/S
Trimble Inc.
Zonar Systems Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of off-highway vehicle telematics reached USD 634.1 million in 2023 and is set to witness 10.5% CAGR from 2024-2032, owing to the growing focus on equipment monitoring worldwide.

The cellular segment held 60% of the market share in 2023, due to providing widespread coverage in urban, suburban, rural, and remote areas.

North America market accounted for 40% share in 2023, attributed to stringent regulatory requirements related to emissions standards, safety regulations, and equipment monitoring drive in the region.

Caterpillar, Deere & Company, Hitachi Construction Machinery, Komatsu Ltd., Orbcomm Inc., Teletrac Navman, Topcon Corporation, Trackunit A/S, Trimble Inc., and Zonar Systems Inc., are some of the major off-highway vehicle telematics companies worldwide.