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Internet of Things

Internet of Things

The installed base of construction equipment OEM telematics systems will reach 4.6 million units worldwide by 2021

Via Berg Insight News Archive

Dec 14, 2017

Berg Insight estimates that the global installed base of active construction equipment (CE) OEM telematics systems reached almost 1.8 million units in 2016. Growing at a compound annual growth rate (CAGR) of 21.3 percent, the active installed base is estimated to reach 4.6 million units worldwide in 2021. This includes all CE telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players.

Berg Insight estimates that the European market accounted for almost 0.4 million active construction equipment OEM telematics systems at the end of 2016. The North American market is estimated to be slightly larger than the European. The Rest of World represents more than half of the global installed base of CE telematics systems provided by construction equipment OEMs. Most major construction equipment OEMs have introduced telematics offerings for its customers either independently or in collaboration with telematics partners. OEM telematics systems are today commonly factory-installed as standard at least for heavier machines.

Berg Insight ranks Caterpillar and Komatsu as the leading construction equipment OEMs in terms of the number of CE telematics systems deployed worldwide.

“The leading construction equipment manufacturers by market share are unsurprisingly also by far the top players when it comes to the number of OEM telematics subscribers“, said Rickard Andersson, Senior Analyst, Berg Insight.

He adds that this is a natural development in an industry where telematics has increasingly been included as standard with the machine purchase for quite some time, gradually covering more models and equipment categories.

“Caterpillar and Komatsu together account for more than one million telematics units today”, continued Mr. Andersson.

Other key players include Japan-based Hitachi Construction Machinery and South Korea-based Hyundai Construction Equipment as well as JCB, Volvo CE and Deere & Company which are based in the UK, Sweden and the US respectively. South Korea-based Doosan Infracore, Liebherr based in Switzerland and CNH Industrial which is headquartered in the UK all have global installed bases of construction equipment telematics units in the low tens of thousands.

“Notably, half of the top-10 OEMs have surpassed the milestone of 100,000 telematics units globally”, concluded Mr. Andersson.

Related Topics
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This content extract was originally sourced from an external website (Berg Insight News Archive) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

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