Market ReportVehicle Telematics

Global installed base of construction equipment (CE) OEM telematics systems to grow at CAGR of 21.3 percent to reach 4.6 million units worldwide in 2021, says report

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, Berg Insight estimates.

Hitachi_Construction_Nissan_MOD_AVM_Autonomous_Driving
Global installed base of active construction equipment (CE) OEM telematics systems to growth at CAGR of 21.3 percent to reach 4.6 million units worldwide in 2021, says report

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.

Caterpillar and Komatsu together account for more than one million telematics units. 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.

Show More

Related Articles