(Photo by Mika Baumeister)
The adoption of telematics systems in construction is gaining traction, with the installed base of active systems exceeding 6.8 million.
IoT market research provider Berg Insight forecasts a compound annual growth rate (CAGR) of 12.0 percent for the active installed base, which is set to almost double to 12.1 million units worldwide by 2028.
The figures encompass all construction equipment telematics solutions offered by OEMs, whether developed in-house or supplied through partnerships with third-party telematics providers.
A regional breakdown reveals an estimated 900,000 active telematics systems in Europe as of 2023, with the North American market surpassing Europe in size. However, the bulk of the global installed base – more than 50 percent – comes from the “Rest of the World,” which reflects surging adoption in emerging construction markets.
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