Off-highway Telematics Fueled by Construction and Industrial Sectors

The construction and industrial segments held the largest market shares in the off-highway vehicle (OHV) telematics market in 2013, according to a new study.

The research, conducted by Frost & Sullivan, found that “demand from the construction and industrial segments will continue to grow considerably, with the construction equipment rental market anticipated to increase from 13 to 15 percent over the next five years.”

OHV telematics for agricultural equipment will also gain momentum, as awareness and adoption rates begin to rise in the precision agriculture space.

New analysis finds that 107,100 OHV vehicles installed telematics in 2013, and is projected to increase to 135,000 by 2015.

A sudden spike in the volume of telematics-integrated vehicles is expected after 2015, due to the entry of rental equipment companies into the telematics market.

Category: Fleet Diagnostics & Software, General Update