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Home ➤ Building and Construction ➤ Residential Construction and Improvement ➤ Construction & Heavy Equipment Telematics Market
Construction & Heavy Equipment Telematics Market
Construction & Heavy Equipment Telematics Market
Published date: Sep 2021 • Formats:
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  • Home ➤ Building and Construction ➤ Residential Construction and Improvement ➤ Construction & Heavy Equipment Telematics Market

Global Construction & Heavy Equipment Telematics Market By Solution (Asset tracking, Fuel management, Fleet performance reporting, Navigation), By End-Use Industry (Construction, Agriculture, Mining), By Technology, By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

  • Published date: Sep 2021
  • Report ID: 73270
  • Number of Pages: 263
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Sample
  • Solutions concerned with construction equipment telematics enable construction companies to track the performance as well as the location of equipment. These solutions enable the monitoring of construction equipment utilization, along with ensuring that assets are being utilized in an effective manner.

    If the respective equipment is underused, then it will be transferred to another site for efficient utilization. Construction telematics helps to streamline operational processes, especially to manage raw materials, safety and compliance, vehicles and equipment, and a given labor force. Moreover, construction telematics also improves reliability as well as reduces the risk of unscheduled equipment downtime.

    Construction telematics is all about managing data. It helps to map exactly where construction assets are at all times, manage multiple projects and job sites, monitor asset utilization to maximize output, and even monitors usage hours.

    As Original Equipment Manufacturers (OEMs) continue to equip telematics-enabled equipment, the penetration of telematics in the construction industry is anticipated to increase, which would, in turn, propel the revenue growth of the construction & heavy equipment telematics market.

    Detailed Segmentation:

    The global construction & heavy equipment telematics market is segmented on the basis of solution, end-use industry, technology, and region. The detailed segmental description is represented below:

    Based on Solution

    • Asset tracking
    • Fuel management
    • Fleet performance reporting
    • Navigation
    • Other Solutions

    Based on End-Use Industry

    • Construction
    • Agriculture
    • Mining

    Based on Technology

    • Cellular
    • Satellite

     Based on Region

    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

    Market Dynamics

    Government authorities across the globe are now constantly focusing on safety levels and efficiency aspects of all off-highway equipment. As such, several governments are emphasizing the adoption of vehicle tracking solutions in heavy-duty vehicles. These vehicles are provided with a Closed-Circuit Television (CCTV) -based surveillance system, tracking devices, and emergency buttons.

    In addition, respective governments are aware of the need to use telematics technology in the long run, and hence, these aforementioned factors are anticipated to bolster revenue growth prospects for the global construction & heavy equipment telematics market over the forecast period.

    The cost-sensitive nature of given fleet solutions, in conjunction with the lack of awareness levels pertaining to the various benefits of advanced fleet management technologies such as cloud-based fleet management and driver management solutions, are slated to restrain potential opportunities for the global construction & heavy equipment telematics market.

    However, in the off-highway industry, The Electronic Logging Devices (ELDs) mandate or the ELD Final Rule has been imposed by the United States for any self-propelled or towed motored vehicles such as dump trucks and cement mixers. As per this rule, operators of commercial motor vehicles that are covered by this law will have to deploy electronic logging devices or ELDs. These devices are typically designed in order to record data subjected to the operation of a vehicle, as well as driver activity. This in turn is anticipated to create lucrative opportunities for the global construction & heavy equipment telematics market in the foreseeable future.

    The data that is generated from a vehicle is typically communicated via wireless medium for further analysis & interpretation aspects to triangulate valuable information. Telematics-based communication involves several stages, from development, designing, and integration until the implementation phase.

    However, increased connectivity of equipment to the external environment with the help of the internet could expose equipment to potential risks such as data security and privacy concerns. This, in turn, is likely to hamper revenue growth prospects for the global construction & heavy equipment telematics market over the forecast period.

    Competitive Landscape:

    • Verizon
    • Trimble Inc.
    • Topcon Corporation
    • Hexagon AB
    • and Robert Bosch GmbH
    • Webfleet Solutions
    • Sierra Wireless
    • Orbcomm
    • Calamp Corp

    These aforementioned players have adopted various strategies such as partnerships, expansions, new supply orders, and product launches, as well as necessary acquisitions to increase their respective revenue share, as well as to diversify and strengthen their given business networks in the construction and heavy equipment telematics industry.

    Key Developments:

    • In November 2019, Topcon Corporation released the world’s first GTL-1000 total station along with a rotary laser scanner, in turn, helps to reduce the time and work required for point cloud measurement.
    • In June 2020, Hexagon’s Mining division partnered with Proudfoot in order to offer the world’s leading mining companies safety-driven solutions.
    • In February 2021, Trimble introduced its Trimble® SX12 Scanning Total Station, the next iteration of its 3D scanning total station that captures data for engineering, surveying, and geospatial professional purposes.
    • In March 2021, CalAmp launched an intuitive User Interface (UI) for its CalAmp iOn™ completely integrated solution for fleet and asset management that delivers the right insights, to the right staff, at the right time, for government, commercial, as well as construction organizations.

    For the Construction & Heavy Equipment Telematics Market research study, the following years have been considered to estimate the market size:

    AttributeReport Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

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    Construction & Heavy Equipment Telematics Market
    Construction & Heavy Equipment Telematics Market
    Published date: Sep 2021
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    • Verizon
    • Trimble Inc.
    • Topcon Corporation
    • Hexagon AB
    • and Robert Bosch GmbH
    • Webfleet Solutions
    • Sierra Wireless
    • Orbcomm
    • Calamp Corp
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