Off Highway Vehicle Telematics Market Share and Industry Forecast, 2019-2029

Telematics technology can benefit each player within the supply chain of the mobility ecosystem by enabling optimization of products and services. Connected, autonomous, and electric technologies are the key which is controlling product innovation and research. These phenomena require a robust connectivity/communication system along with software development service for performing a function in an automated manner. Telematics concept was developed for establishing a communication channel between a vehicle and other points.

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Telematics is the collection of vehicle or driver data via onboard sensor system or supplementary devices. It then communicates/transfers the data points to the cloud or command center of the service provider for further analysis. Telematics on the forefront saw a widespread implementation, by the upsurge caused due to various governments regulating e-call facility and electronic logging devices in the public transportation system. The availability of telematics service requires connectivity in the area which is one of the significant challenges in the mining, agriculture and construction industry.

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Future autonomous heavy equipment drives great business scope for telematics in the construction, agriculture and mining industry. The following figure details the global trends which would have an impact in the off-highway vehicle telematics industry.

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