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The global report titled as Off-Highway Vehicle (OHV) Telematics Market has recently added by Absolute Markets Insights to its huge repository and can be used to gain effective insights into the businesses. It helps to mark the current scenario and historical developments of the market. The global Off-Highway Vehicle (OHV) Telematics market has been examined on the basis of key elements such as products or services, applications, end-users, and technologies. It has been explored by using primary and secondary research methodologies.
Some of the players operating in the global off-highway vehicle (OHV) telematics market:
View Full Report Link: https://industryglobalnews24.com/global-offhighway-vehicle-ohv-telematics-market-is-expected-to-grow-at-a-cagr-of-142-over-the-forecast-period
In terms of revenue, off-highway vehicle (OHV) telematics market was valued at US$ 799.43 Mn in 2020 growing at a CAGR of 14.2% over the forecast period (2022 – 2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
Based on component, the global off-highway vehicle (OHV) telematics market is segmented into hardware, solutions and services. In 2020, the hardware segment accounted for the highest share in the market. Automotive manufacturers are looking forward to provide safety technologies with installed hardware in the off-highway vehicles (OHV). Advanced telematics technologies are being adopted for better connectivity and procuring real time data to incorporate in the off-highway vehicles. The reduced operation cost concerning repairs and maintenance is favouring the segment’s growth in the global market.
Based on function, the global off-highway vehicle (OHV) telematics market is segmented into fleet and asset management, workflow management, preventive diagnostics and maintenance and others. Fleet and asset management accounted for the highest share in 2020. The need to monitor vehicles in real time in order to consult and analyse the location history, distance covered, driver identification, CANbus activity has led to an increased adoption of telematics. The online information and reports provided by telematics enable the fleet managers to be proactive and take decisions based on the continuously updated status of their entire fleet.
Global Off-Highway Vehicle (OHV) Telematics Market:
By Organization Size
By End Use
By Distribution Channel
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Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities.
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