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Connected Off-highway Equipment Market, Global, 2024–2030
The Market is Experiencing Transformational Growth Mainly Due to Customer Preferences and Data-driven Decisions
16-Dec-2024
Global
Market Research
KA97-01-00-00-00
AU_2024_1195
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
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
- 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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