Global telematics in heavy equipment market is expected to rise at a CAGR of 15.1% from 2017 to 2025 to become worth US$6.47 bn by 2025-end.
Albany, NY -- (SBWIRE) -- 12/12/2017 -- The effectiveness of telematics in heavy equipment has gained significant prominence on the global scale. At present, some of the prime applications linked to this market include fleet management and vehicle safety communication. Market Research Hub (MRH) has actively studied the market for telematics in heavy equipment to enlighten readers about the market share, revenue, and other factors. This research study is titled "Telematics in Heavy Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025", which stresses on trends and technologies acting important in telematics in heavy equipment market growth.
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The initial section of the report focuses on the market overview which demonstrates the market dynamics including drivers, restraints, opportunities, and trends; all of these are expected to influence the current as well as the future status of this market. Furthermore, readers can learn about the key indicators, which functions to provide a robust view in regard to vital factors that have motivated the strong adoption of telematics in heavy equipment. Interestingly, the report provides a brief overview of various strategies implemented by the key players operating in the market. Above all, key industry developments comprising of significant advances made by leading market players are analyzed over the forecast period.
The later section of the report deals with the market segmentation on the basis of application, technology, and region. Under the application segment, vehicle tracking, satellite navigation, fleet management and vehicle safety communication are included. Moreover, based on technology, the report highlights cellular and satellite. To make the research more informative, a holistic perspective on the growth of the market on the basis of revenue (in US$ Mn) concerned with different geographical regions, namely Europe, Asia Pacific, South America, North America and the Middle East & Africa, is presented.
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The final section of the report is specifically dedicated to the major players active in the global telematics in the heavy equipment market. Some of the prominent players studied in the research include Trimble Inc., Daimler Trucks North America, Zonar Systems, Inc., MiX Telematics, Masternaut Limited, Topcon Corporation, Telogis, PACCAR Inc., Inseego Corp., Teletrac Navman Group, Element Fleet Management Corp., LHP Telematics, DPL Telematics, and LoJack Corporation. For each of these companies details such as SWOT analysis, financials, recent developments and business strategies are analyzed in-depth. This report is a beneficial source for new entrants who wish to place their trust in this blooming sector associated with telematics in heavy equipment.
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