Telematics in Heavy Equipment Market ? Construction Industry Promises?Growth

Posted by RASHMI on March 7th, 2019

The vendor landscape of the global telematics in heavy equipment market is becoming increasingly competitive due to the rising number of companies and the rapid pace of technological advancement in the field of telematics. Telematics solution providers are focusing on providing solutions with integrated wireless connectivity and easy to use interfaces to acquire a larger consumer base, observes Transparency Market Research in a recent report.

The global market for telematics in heavy equipment sector is chiefly driven due to the rising demand for various field positioning capabilities offered by the telematics. The vast rise in the usage of portable mobile computing devices such as smartphones, rapidly expanding network of high-speed internet, and the vast set of benefits that telematics offer, including driver-alert control systems and collision warning systems in vehicles, has also increased the adoption of telematics in heavy equipment.

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The global telematics in heavy equipment market is also benefitting from the rising demand from the thriving global construction industry. The penetration of telematics in construction sector is increasing significantly as number of OEMs are implementing telematics solutions in their equipment for added benefits such as keeping an effective track of equipment performance.

Operators are realizing more benefits of telematics such as theft reduction, reduction in fuel consumption, and improved efficiency of heavy equipment. Telematics also provides safety to fleet operators by enabling them to observe noise limit requirements and real time site access. These factors are expected to have a significant impact on the overall development of the global telematics in heavy equipment market.