Berg Insight assesses how telematics systems for construction equipment are on the rise
An estimate provided by Berg Insight has shown that the installed base of active construction equipment (CE) OEM telematics systems globally will hit 4.6 million in 2021, compared to 1.8 million units in 2016.
The estimated target of the 4.6 million units will be achieved by registering a CAGR of 21.3%. This includes all CE telematics systems marketed by CE OEMs, either formulated in-house or supplied by the CE manufacturers in conjunction with third-party telematics players.
According to Berg Insight...