IoT News | The installed base of construction equipment OEM telematics systems will reach 8.3 million units worldwide by 2025

IoT News | The installed base of construction equipment OEM telematics systems will reach 8.3 million units worldwide by 2025

The installed base of construction equipment OEM telematics systems will reach 8.3 million units worldwide by 2025

IoT News | The installed base of construction equipment OEM telematics systems will reach 8.3 million units worldwide by 2025

Berg Insight, the leading IoT market research provider, has in a new market research project found that the global installed base of active construction equipment (CE) OEM telematics systems reached almost 4.1 million units in 2020.

Growing at a compound annual growth rate (CAGR) of 15.3 percent, the active installed base is forecasted to reach 8.3 million units worldwide in 2025. This includes all CE telematics systems sold by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players. The European market accounted for around 0.7 million active construction equipment OEM telematics systems at the end of 2020. The…

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