According to a new market research study on “Europe Off-Highway Vehicle Telematics Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Connectivity Type, Application, and Technology” is expected to reach US$ 313.21 million by 2028 from US$ 216.63 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report provides trends prevailing in the Europe off-highway vehicle telematics market along with the drivers and restraints pertaining to the market growth. Increasing construction industry and stringent government policies to increase security and safety of off-highway vehicle are the major factor driving the growth of the Europe off-highway vehicle telematics market. However, uncertainty among fleet operators hinders the growth of Europe off-highway vehicle telematics market.
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Companies Profiled in this report includes:
ACTIA Group
Omnitracs, LLC
ORBCOMM Inc.
Stoneridge, Inc.
Teletrac Navman
TomTom Telematics BV
Trackunit A/S
TTControl GmbH
Wacker Neuson SE
Zonar Systems Inc
The Europe off-highway vehicle telematics market is segmented based on connectivity type, application, technology, and country. Based on connectivity type, the Europe off-highway vehicle telematics market is segmented into cellular-based OHV telematics and satellite-based OHV telematics. The cellular-based OHV telematics segment dominated the Europe off-highway vehicle telematics market in 2020 and satellite-based OHV telematics segment is expected to be fastest growing during forecast period. In terms of application, the Europe off-highway vehicle telematics market is segmented into construction industry OHV telematics, agriculture industry OHV telematics, mining industry OHV telematics, and others. The construction industry OHV telematics segment dominated the Europe off-highway vehicle telematics market in 2020 and agriculture industry OHV telematics segment is expected to be fastest growing during forecast period. Based on technology, the Europe off-highway vehicle telematics market is segmented into LTE-M, NB-IoT, Sigfox, and others. The LTE-M segment dominated the Europe off-highway vehicle telematics market in 2020 and NB-IoT segment is expected to be fastest growing during forecast period. Based on country, the Europe off-highway vehicle telematics market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
Europe Off-Highway Vehicle Telematics Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2021 to 2028.
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