#Factoftheweek
Off-highway vehicles telematics systems will rise to 17.6 million units worldwide by 2029, growing at a 12% rate.
This is up from 10 million in 2024, and includes off-highway vehicles in construction, mining, agriculture, and forestry.
Construction represents the largest share and is driven by OEM telematics systems.
Agriculture and mining are the second and third largest shares.
Forestry is the smallest sector.
What are your thoughts? Are you surprised by this projected growth? Or does it seem in line with where the market is headed?