Telematics in Heavy Equipment Market: Snapshot
The vendor landscape of the global
telematics in heavy equipment market is becoming
increasingly competitive due to the rising number of companies and the rapid
pace of technological advancement in the field of telematics. Telematics
solution providers are focusing on providing solutions with integrated wireless
connectivity and easy to use interfaces to acquire a larger consumer base,
observes Transparency Market Research in a recent report.
Major Key Players of
the Telematics in Heavy Equipment Market are:
Navman Group, Heavy Construction Systems Specialists Inc., Geotab Inc.,
Topcon Corporation, Zonar Systems Inc., Teletrac, Trimble Inc., LoJack
Corporation, ACTIA Group, and The Morey Corporation.
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Rising Demand across Construction Industry to Present
Promising Growth Opportunities
The global market for telematics in heavy equipment sector
is chiefly driven due to the rising demand for various field positioning
capabilities offered by the telematics. The vast rise in the usage of portable
mobile computing devices such as smartphones, rapidly expanding network of
high-speed internet, and the vast set of benefits that telematics offer,
including driver-alert control systems and collision warning systems in
vehicles, has also increased the adoption of telematics in heavy equipment.
The global telematics in heavy equipment market is also
benefitting from the rising demand from the thriving global construction
industry. The penetration of telematics in construction sector is increasing
significantly as number of OEMs are implementing telematics solutions in their
equipment for added benefits such as keeping an effective track of equipment
performance. Operators are realizing more benefits of telematics such as theft
reduction, reduction in fuel consumption, and improved efficiency of heavy
equipment. Telematics also provides safety to fleet operators by enabling them
to observe noise limit requirements and real time site access. These factors
are expected to have a significant impact on the overall development of the
global telematics in heavy equipment market.
The global telematics
in heavy equipment market is segmented as below:
Global Telematics in heavy equipment Market, By End-use
Application
- Agriculture
- Construction
- Mining
Global Telematics in heavy equipment Market, By
Technology
- Cellular
- Satellite
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