At 14+% CAGR Telematics Market for On & Off-Highway Potentially Worth $40.84 Billion by 2022 Led by On-Highway Vehicles

PUNE, India, Aug. 27, 2017 /PRNewswire-iReach/ -- Asia Oceania: The fastest-growing telematics market for off-highway vehicles from 2017 to 2022. The Asia Oceania telematics market for off-highway vehicles is projected to grow at the highest CAGR during the forecast period. The growth of this market is mainly driven by the construction equipment. The factors contributing to the growth of this market are a large consumer base, high demand for basic infrastructural facilities, and constant increase in infrastructure funding.  Browse 118 Market Data Tables and 68 Figures spread through 219 Pages and in-depth TOC on "Telematics Market for On- & Off-Highway - Forecast to 2022"  http://www.reportsnreports.com/reports/1163927-telematics-market-for-on-off-highway-services-acn-ecall-navigation-rvd-on-road-assistance-tracking-fuel-management-maintenance-and-diagnostics-form-factor-hardware-vehicle-equipment-type-technolog-st-to-2022.html .

According to a report published by Oxford Economics in collaboration with Price water house Coopers (PwC), the global infrastructure spending will grow to approximately USD 9.0 trillion per year by 2025, out of which China's share will be close to 60%. Also, countries such as India and China are introducing a number of projects for infrastructure development. Therefore, the equipment must have advanced solutions to increase the operational performance and cater to the increased demand. This will further drive the telematics market in this region.

The telematics market growth for on & off-highway vehicles is driven by the increased demand for safety & comfort, integration of smart phones with vehicles, & growing regulatory norms. On the other hand, the lack of standardization and data security and privacy issues are some of the key restraints that could influence the growth of this market.

The cellular technology is estimated to have the largest share of the telematics market for off-highway vehicles during the forecast period. Nowadays, the devices are compatible with 3G and 4G LTE technology for data communication. Countries such as the U.S., Canada, Germany, France, Japan, and South Korea have a high installed base of cellular technology owing to the excellent network infrastructure. China, India, and Brazil have also shown a significant growth potential due to infrastructural developments, increasing number of users, and connectivity solution providers. Hence, owing to the wide network coverage offered by established network providers such as AT&T (U.S.), Verizon (U.S.), and Vodafone Group (U.K.) in North America, Europe, and a few Asian countries, the cellular technology will continue to be an attractive option and will remain dominant in the coming years.

The telematics market is dominated by a few globally established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), LG Electronics (South Korea), Verizon (U.S.), Harman International (U.S.), Qualcomm Technologies, Inc. (U.S.), Delphi Automotive PLC (U.K.), Trimble, Inc. (U.S.), Intel (U.S.), Magneti Marelli S.P.A. (Italy), TomTom International B.V. (Netherlands) and Visteon Corporation (U.S.).  Download PDF Brochure "Telematics Market for On- & Off-Highway (Services-ACN, eCall, Navigation, RVD, On-Road Assistance, Tracking, Fuel Management, Maintenance, and Diagnostics), Form Factor, Hardware, Vehicle & Equipment Type, Technology, Aftermarket & Region - Forecast to 2022" research report at  http://www.reportsnreports.com/contacts/requestsample.aspx?name=1163927 .

The diagnostics services are projected to grow at the fastest rate in the off-highway telematics market over the period of next five years. The diagnostics services allow the users to proactively monitor the engine condition and send maintenance alert in advance, if required, to prevent a major breakdown. Further, predictive maintenance helps to check the equipment operation and reliability to ensure smooth functioning of the equipment. Hence, the minimization of maintenance and repairing costs and performance monitoring of critical parts are expected to drive the diagnostics services market for off-highway vehicles in the near future.

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Hardware Manufacturers (41%), Service Providers (32%), and OEMs (27%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (55%), Director Level (38%) and others (7%) from various key organizations operating in the telematics market for on & off-highway vehicles. The primary interviews were conducted worldwide covering regions such as North America (24%), Europe (29%), and Asia-Oceania (47%).

Another research titled Commercial Vehicle Telematics Market Global Forecast to 2022says, the commercial vehicle telematics market size is expected to grow from $7.31 billion in 2017 to $18.43 billion by 2022, at a CAGR of 20.3%. Fleet tracking and monitoring solutions are expected to have the largest market share during the forecast period. Asia Pacific (APAC) is expected to grow at the fastest rate in the commercial vehicle telematics market during the forecast period. Companies such as PTC, Inc. (US), Trimble Inc. (US), TomTom Telematics BV (Netherlands), Verizon Telematics, Inc. (US), MiX Telematics (Pty) Ltd (South Africa), Zonar Systems, Inc. (US), Octo Telematics Ltd. (UK), Omnitracs, LLC (US), Masternaut Limited (UK), Microlise Limited (UK), Inseego Corporation (US), Volkwagen Commercial Vehicles (UK) have been profiled in this 148 pages research report available at  http://www.reportsnreports.com/contacts/requestsample.aspx?name=1126974 .

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