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Connected Off-highway Equipment Market, Global, 2024–2030

Automotive Connected Off-highway Equipment Market, Global, 2024–2030

The Market is Experiencing Transformational Growth Mainly Due to Customer Preferences and Data-driven Decisions

INDUSTRY
Automotive

RELEASE DATE
16-Dec-2024
REGION
Global
DELIVERABLE TYPE
Market Research

RESEARCH CODE
KA97-01-00-00-00
SKU
AU_2024_1195
Yes
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Connected Off-highway Equipment Market, Global, 2024–2030
Published on: 16-Dec-2024 | SKU: AU_2024_1195

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Description

The construction, mining, and agricultural equipment industries comprise high-cost equipment that addresses specific requirements and applications; however, these equipment accumulate significant operational and maintenance costs throughout their life cycles. While equipment utilization used to be a concerning metric, the growing labor shortage, reduced parts availability, and project timeline lags have given rise to solutions focusing on prognostics, asset productivity, and real-time data. The increasing focus on project deadlines and sustainability and the growing emphasis on minimizing costs have resulted in increasing customer demand for the integration of solutions to enable the tracking of heavy machinery and peripheral units in single software applications. In addition, the evolution of sensor technologies and the influx of start-ups in the connected agriculture space are increasing competitive intensity in precision agriculture, thereby driving demand for telematics in the sector. OEMs are concentrating on acquiring and forging partnerships with information technology, alternative/innovative technology companies, and start-ups to gain intellectual property (IP), experience, and market reach. Cross-industry participants are seeking alternative revenue streams to enter the connected off-highway equipment market. The dynamic market environment and emerging economies will not only increase adoption but also create new revenue streams and strengthen customer relationships for key stakeholders.

Author: Krishna Achuthan

Infographic
Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Connected OHW Equipment Market

Scope of Analysis

Market Segmentation

Key Competitors

Competitive Environment

Economic Environment: Gross Domestic Product (GDP) Growth

Connected OHW Equipment Market Overview

Connected OHW Equipment Process Flow

Evolution of Connected Solutions

Evolution of Connected Solutions: Construction and Mining

Evolution of Connected Solutions: Agriculture

Connected OHW Equipment: Key Trends

Trend 1: Smart Machines

Trend 2: AI Applications

Trend 3: Online Marketplace

Trend 4: Uninterrupted Connectivity

Trend 4: Uninterrupted Connectivity Demand Driving Satellite IoT

Trend 5: EaaS Driving Connected Tech

Trend 6: Automation Implementation

ISOBUS for Agricultural Equipment

Tractor Implements by Application

Case Study: John Deere Automation 4.0

Trend 7: Precision Agriculture

Precision Agriculture Technologies: Definitions and Segmentation

Precision Agriculture Market Size

Connected Solution Providers’ Market Share

OEM Solution Competitive Landscape

OEM Solution Competitive Landscape (continued)

Pricing Trends: Connected Fleets

Third-party Telematics Solution Providers: Competitive Landscape

Satellite IoT Providers: Market Share For All Devices

Mobile Network Operators: Competitive Landscape

Satellite Communications Providers: Competitive Landscape

OHW Satellite IoT: Key OEM Partnerships

Precision Agriculture: OEM Product Portfolio

Precision Agriculture: Third-party Solution Providers’ Product Portfolio

Growth Metrics

Connected OHW Equipment Growth Drivers

Connected OHW Equipment Growth Restraints

Global Connected OHW Telematics Installed Base

Global Connected OHW Telematics Installed Base by Region

Global Connected OHW Telematics Annual Revenue by Region

Satellite IoT in OHW Growth Drivers

Satellite IoT in OHW Growth Restraints

OHW Equipment Satellite IoT Installed Base

OHW Equipment Satellite IoT Installed Base, Frost & Sullivan Scenario

OHW Equipment Satellite IoT Installed Base, Optimistic Scenario

OHW Equipment Satellite IoT Installed Base, Conservative Scenario

Forecast Methodology: EIO

Forecast Methodology: Connected EIO

Forecast Analysis: Opportunity Universe—IoT Connected Devices

Forecast Analysis: Opportunity Universe—Connected Vehicles

Connected Equipment with Satellite IoT—Base Year (2023) Installed Base

Satellite IoT Forecast Scenarios: Methodology and Assumptions

Connected OHW Equipment: Use Case Analysis

Satellite IoT in OHW: Use Case Analysis

Connected OHW Equipment: Conclusion and Future Outlook

Growth Opportunity 1: Increasing Demand for Real-time Process Monitoring

Growth Opportunity 1: Increasing Demand for Real-time Process Monitoring (continued)

Growth Opportunity 2: New Business Models and Monetization Opportunities

Growth Opportunity 2: New Business Models and Monetization Opportunities (continued)

Growth Opportunity 3: Decarbonization Strategies Driving Telematics Adoption

Growth Opportunity 3: Decarbonization Strategies Driving Telematics Adoption (continued)

Benefits and Impacts of Growth Opportunities

Next Steps

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures & Charts
List of Figures
  • Economic Environment: Annual GDP and Real GDP Growth, Global, 2023–2030
  • Connected OHW Equipment: Connected Installed Base Share, Global, 2023 and 2030
  • Connected OHW Equipment: Key Customer Pain Points, Global, 2023 – 2030
  • Connected OHW Equipment: Key Features in Demand, Global, 2023—2030
  • Connected OHW Equipment: Process Chart, Global, 2023
  • Evolution of Connected Solutions, Global, 2023–2030
  • Top Trends Driving Satellite IoT, Global, 2024–2030
  • Implement Automation: Key Applications in Demand, Global, 2023–2030
  • Precision Agriculture Applications, Global, 2023
  • Precision Agriculture: Estimated Revenue by Technology, Global, 2023 and 2030
  • Precision Agriculture: Adoption of Precision Agriculture Technologies by Crop (% Share of Crop Planted Acres), United States, 2023
  • Connected OHW Equipment: Connected Equipment in Operation, OEM Market Share, Global, 2023
  • Connected OHW Equipment: Connected Equipment in Operation, TSP Market Share, Global, 2023
  • Construction and Mining Equipment: Telematics Service Packages and Pricing, Global, 2023
  • Agricultural Equipment: Telematics Service Packages and Pricing, Global, 2023
  • IoT Satellite Connectivity: Estimated Subscriptions Market Share (All Devices), Global, 2023
  • IoT Satellite Connectivity: Estimated Subscriptions Regional Market Share (All Devices), Global, 2023
  • OHW Telematics: Growth Metrics, Global, 2023
  • Connected OHW Equipment: Growth Drivers, Global, 2024–2030
  • Connected OHW Equipment: Growth Restraints, Global, 2024–2030
  • Connected OHW Equipment: OHW Telematics Installed Base by Segment, Global, 2023–2030
  • Connected OHW Equipment: OHW Telematics Installed Base by Region, Global, 2023–2030
  • Connected OHW Equipment: Off-Highway Telematics Annual Revenue by Region, Global, 2023–2030
  • Satellite IoT in OHW: Growth Drivers, Global, 2024–2030
  • Satellite IoT in OHW: Growth Restraints, Global, 2024–2030
  • OHW Equipment: Satellite IoT Installed Base, Global, 2023–2030
  • OHW Equipment: Satellite IoT Installed Base—Frost & Sullivan Scenario, Global, 2023–2030
  • OHW Equipment: Satellite IoT Installed Base—Optimistic Scenario, Global, 2023–2030
  • OHW Equipment: Satellite IoT Installed Base—Conservative Scenario, Global, 2023–2030
  • IoT Connected Devices: Share of Connected Devices by Region, Global, 2023
  • IoT Connected Devices: Share of Connected Devices by Technology, Global, 2023
  • IoT Connected Devices: Share of Connected Devices by Application, Global, 2023
  • Connected Equipment: OHW Telematics Installed Base by Application, Global, 2023
  • Satellite-connected OHW EIO, Global, 2023
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The construction, mining, and agricultural equipment industries comprise high-cost equipment that addresses specific requirements and applications; however, these equipment accumulate significant operational and maintenance costs throughout their life cycles. While equipment utilization used to be a concerning metric, the growing labor shortage, reduced parts availability, and project timeline lags have given rise to solutions focusing on prognostics, asset productivity, and real-time data. The increasing focus on project deadlines and sustainability and the growing emphasis on minimizing costs have resulted in increasing customer demand for the integration of solutions to enable the tracking of heavy machinery and peripheral units in single software applications. In addition, the evolution of sensor technologies and the influx of start-ups in the connected agriculture space are increasing competitive intensity in precision agriculture, thereby driving demand for telematics in the sector. OEMs are concentrating on acquiring and forging partnerships with information technology, alternative/innovative technology companies, and start-ups to gain intellectual property (IP), experience, and market reach. Cross-industry participants are seeking alternative revenue streams to enter the connected off-highway equipment market. The dynamic market environment and emerging economies will not only increase adoption but also create new revenue streams and strengthen customer relationships for key stakeholders. Author: Krishna Achuthan
More Information
Deliverable Type Market Research
Author Krishna Achuthan
Industries Automotive
No Index No
Is Prebook No
Keyword 1 connected equipment market
Keyword 2 off-highway equipment
Keyword 3 IoT construction machinery
List of Charts and Figures Economic Environment: Annual GDP and Real GDP Growth, Global, 2023–2030~ Connected OHW Equipment: Connected Installed Base Share, Global, 2023 and 2030~ Connected OHW Equipment: Key Customer Pain Points, Global, 2023 – 2030~ Connected OHW Equipment: Key Features in Demand, Global, 2023—2030~ Connected OHW Equipment: Process Chart, Global, 2023~ Evolution of Connected Solutions, Global, 2023–2030~ Top Trends Driving Satellite IoT, Global, 2024–2030~ Implement Automation: Key Applications in Demand, Global, 2023–2030~ Precision Agriculture Applications, Global, 2023~ Precision Agriculture: Estimated Revenue by Technology, Global, 2023 and 2030~ Precision Agriculture: Adoption of Precision Agriculture Technologies by Crop (% Share of Crop Planted Acres), United States, 2023~ Connected OHW Equipment: Connected Equipment in Operation, OEM Market Share, Global, 2023~ Connected OHW Equipment: Connected Equipment in Operation, TSP Market Share, Global, 2023~ Construction and Mining Equipment: Telematics Service Packages and Pricing, Global, 2023~ Agricultural Equipment: Telematics Service Packages and Pricing, Global, 2023~ IoT Satellite Connectivity: Estimated Subscriptions Market Share (All Devices), Global, 2023~ IoT Satellite Connectivity: Estimated Subscriptions Regional Market Share (All Devices), Global, 2023~ OHW Telematics: Growth Metrics, Global, 2023~ Connected OHW Equipment: Growth Drivers, Global, 2024–2030~ Connected OHW Equipment: Growth Restraints, Global, 2024–2030~ Connected OHW Equipment: OHW Telematics Installed Base by Segment, Global, 2023–2030~ Connected OHW Equipment: OHW Telematics Installed Base by Region, Global, 2023–2030~ Connected OHW Equipment: Off-Highway Telematics Annual Revenue by Region, Global, 2023–2030~ Satellite IoT in OHW: Growth Drivers, Global, 2024–2030~ Satellite IoT in OHW: Growth Restraints, Global, 2024–2030~ OHW Equipment: Satellite IoT Installed Base, Global, 2023–2030~ OHW Equipment: Satellite IoT Installed Base—Frost & Sullivan Scenario, Global, 2023–2030~ OHW Equipment: Satellite IoT Installed Base—Optimistic Scenario, Global, 2023–2030~ OHW Equipment: Satellite IoT Installed Base—Conservative Scenario, Global, 2023–2030~ IoT Connected Devices: Share of Connected Devices by Region, Global, 2023~ IoT Connected Devices: Share of Connected Devices by Technology, Global, 2023~ IoT Connected Devices: Share of Connected Devices by Application, Global, 2023~ Connected Equipment: OHW Telematics Installed Base by Application, Global, 2023~ Satellite-connected OHW EIO, Global, 2023~
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WIP Number KA97-01-00-00-00