Market Share of Global Off-Highway Vehicle Telematics Industry
The intensity of competitive rivalry is high, with multiple players vying for market share in a fairly contested space. The competition is expected to increase further with newer players looking to offer specialized offerings and innovative business models. The OEMs are venturing into the telematics space by offering in-house development of telematics hardware and software as a bundled solution to the fleet owners. This is creating a tough spot for aftermarket vendors.
- In Jan 2022, Hilti and Trackunit announced a strategic partnership to eliminate downtime effectively. Hilti and Trackunit have formed a partnership to advance digital transformation in the construction industry focused on bringing global scale to the tool and equipment connectivity domain. It will also enable Trackunit to expansion in their telematics connectivity devices.
- November 2021 - Hitachi Construction Machinery UK is providing a Hitachi ZX135US-7, which will help the construction company move towards its goal of a zero-carbon construction site. The ZX135US-7 has the latest Stage V engine and TRIAS III pump technology that is standard on the machine; it was also equipped with semi-automated Leica Geosystems machine control, Xwatch 5 height, and slew limiter Hitachi's real-time CT fleet link telematics system and fueled with Hydrotreated Vegetable Oil (HVO) fuel; demonstrating that HCMUK can help to pave the way for sustainability.
- October 2021 - Komatsu Ltd and its wholly-owned subsidiary, Komatsu Europe International NV, announced that Komatsu FrontRunner, an autonomous haulage system (AHS), will be deployed on 11 930E-5 ultra-class haul trucks at Aitik, one oEurope's'soEurope's's largest open-pit copper mines, located in northern Sweden and owned by the Swedish company BolidenKomatsu's'sBolidenKomatsu's's approach for FrontRunner AHS brings together ultra-class dump trucks with ModulaMining's'sModulaMining's's industry-leading DISPATCH Fleet Management System, the preferred management system. The system enables 100% compliance with its proven optimization methodology.
Off-Highway Vehicle Telematics Market Leaders
Caterpillar Inc
Komatsu Ltd
JCB
Hitachi Construction Machinery Co., Ltd
Deere & Company
*Disclaimer: Major Players sorted in no particular order
