Skip to main content

Construction Vehicle Fleets will Adopt M2M Telematics

Heavy construction and mining equipment is going online, thanks to M2M apps and the Internet of Things. Although the penetration of telematics in the industry on the whole remains low, operators are gradually beginning to realize the benefits as more and more OEMs include telematics solutions as standard in their vehicles.

Most heavy-duty vehicle operators cite the tracking capability of their telematics systems as providing the most immediate initial benefit to their businesses, as it helps to reduce vehicle theft and misuse, thus reducing insurance premiums.

But telematics can also promote better machine utilization, reduction in fuel consumption, and enable more efficient maintenance and repair schedules.

Additionally, it can help fleet operators with safety compliance by enabling them to control site access and observe noise limit requirements through the use of the geo-fence and time-fence features of their telematics systems.

Most construction fleets are mixed fleets comprising vehicles from different OEMs and often include on-road vehicles in addition to off-road vehicles.

Although many OEMs have implemented telematics solutions in their machines and vehicles, all these systems are different and mostly incompatible with each other. As a result, standardization continues to be a key problem holding back the adoption of telematics in the construction equipment sector.

"As construction fleets adopt telematics, fleet operators are increasingly demanding more standardization, easier interfacing, and a single-source site for all OEM API data," said Gareth Owen, principal analyst at ABI Research.

"Some progress has been made in recent years with OEMs such as Caterpillar, Komatsu, Volvo, and John Deere working with aftermarket suppliers such as Navman Wireless and industry bodies to develop standard APIs for some of the basic data such as vehicle identification, location, and hours of use.

Some operators, such as rental fleet companies, are also calling for standardization of more advanced data feeds such as geo-fencing, immobilization, safety devices and alerts, and no doubt this will follow,” adds Owen.

Recently, Caterpillar announced that it and long-term partner Trimble have developed a brand agnostic fleet management and site productivity solutions platform designed for contractors with mixed equipment fleets.

The two companies have for many years been operating a telematics network for construction fleets via a joint-venture company. Clearly, there's a potential upside growth opportunity for M2M service providers that can demonstrate meaningful domain expertise in this area.

Popular posts from this blog

Digital Transformation for the Oil and Gas Sector

The savvy CEOs of multinational organizations will accelerate their investment in digital transformation projects in 2022, and beyond, to improve their competitiveness. Every industry leader that is forward-looking will act swiftly to grasp the upside opportunity. Global oil & gas companies face a myriad of operational, commercial, and existential security threats. According to the latest worldwide market study by ABI Research, oil & gas firms apply digitalization to combat these threats and will spend $15.6 billion on digital technologies by 2030. Oil & Gas Digital Apps Market Development Investments in digitalization can help to analyze a supply pipeline’s condition, prepare for fluctuations in the changing prices for oil and gas, as well as aid action plans to create more sustainable operations and transfer to producing renewable energy sources. "Safety and Security are top priorities for oil & gas operators. Data analytics allied with IoT platforms have become

2022 Tech Trends Outlook: What Happens Next?

This year may very well be another period of unprecedented challenges and opportunities. In 2022, several highly anticipated technology-related advancements will NOT happen, according to the predictions by ABI Research. Their analysts identify many trends that will shape the technology market and some others that, although attracting huge amounts of pundit speculation and commentary, are less likely to advance rapidly over the next twelve months. "The fallout from COVID-19 prevention measures, the process of transitioning from pandemic to endemic disease, and global political tensions weigh heavily on the coming year's fortunes," said Stuart Carlaw, chief research officer at ABI Research . What Won’t Happen in 2022? Despite all the headlines and investments, the metaverse will not arrive in 2022 or, for that matter, within the typical 5-year forecast window. The metaverse is still more of a buzzword and vision than a fully-fledged end goal with a clearly defined arrival d

The Fastest-Growing Mobile Opportunity in 2022

The number of mobile communication subscriptions worldwide is currently estimated at 8 billion, with 6 billion on smartphone connections, from a user base of 5.9 billion unique subscribers among a global population of 7.9 billion. Fifth-generation (5G) mobile service subscriptions using a compatible device significantly grew during the COVID-19 pandemic, but 4G connections remain the dominant force within the global telecom service provider sector. While the use of mobile phones is common throughout developing nations, 4G services are still an emerging technology in many parts of the world. Overall, 5G subscriptions will likely grow from 580 million at the end of 2021 to 3.5 billion by the end of 2026. 5G Mobile Market Development According to the latest worldwide market study by Juniper Research, revenue generated from 5G mobile services will reach $600 billion by 2026 -- representing 77 percent of global network operator-billed revenue. The adoption of 5G services across consumer and