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2020-07-09
The installed base of construction equipment OEM telematics systems will reach 6.9 million units worldwide by 2024
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 3.4 million units in 2019. Growing at a compound annual growth rate (CAGR) of 15.6 percent, the active installed base is forecasted to reach 6.9 million units worldwide in 2024. This includes all CE telematics systems marketed by construction equipment OEMs, either developed in-house or provided by the CE manufacturers in partnership with third-party telematics players. The North American market accounted for around 0.7 million active construction equipment OEM telematics systems at the end of 2019. The European market is estimated to be slightly larger than the North American. The Rest of World moreover represents more than half of the global installed base of CE telematics systems provided by construction equipment OEMs. Most major construction equipment OEMs have introduced telematics offerings. OEM telematics systems are today commonly factory-installed as standard at least for heavier machines. Berg Insight ranks Caterpillar and Komatsu as the leading construction equipment OEMs in terms of the number of CE telematics systems deployed worldwide. “Caterpillar has now reached the milestone of 1 million connected assets across all segments”, said Rickard Andersson, Principal Analyst, Berg Insight. He adds that Caterpillar and Komatsu are also by far the leading construction equipment manufacturers in terms of market share. “The remaining top-6 construction equipment OEM telematics players are JCB, Hitachi Construction Machinery, SANY and Volvo Construction Equipment which all have hundreds of thousands of active units”, continued Mr. Andersson. Other notable OEMs offering CE telematics solutions include Deere & Company, Doosan Infracore, Liebherr, CNH Industrial, Hyundai Construction Equipment, Tadano and JLG Industries. “All of these players have installed bases in the tens of thousands of telematics units deployed on various types of construction equipment, either independently or in collaboration with telematics partners”, concluded Mr. Andersson.

2020-06-29
COVID-19 highlights the need for real-time cargo tracking solutions
Berg Insight, the world’s leading IoT market research provider, today released a new market report covering the cargo tracking market. The number of active tracking devices deployed for cargo loading units including trailers, intermodal containers, rail freight wagons, air cargo containers, cargo boxes and pallets reached 7.5 million worldwide in 2019. Growing at a compound annual growth rate (CAGR) of 25.4 percent, this number is expected to reach 23.2 million by 2024. In terms of installed units, trailer telematics is today the most developed market, followed by tracking devices for general cargo applications and intermodal containers. The markets for tracking solutions for rail freight wagons and air cargo containers are considerably smaller but are estimated to grow substantially during the coming five years. The total market value for trailer and cargo container tracking solutions reached an estimated € 1.1 billion in 2019. Growing at a CAGR of 16.2 percent, the total market size is forecasted to reach € 2.2 billion in 2024. Berg Insight ranks ORBCOMM as the largest vendor of tracking solutions for cargo loading units, having a significant installed base of trailers as well as containers. ORBCOMM is together with SkyBitz, Spireon, CalAmp, PowerFleet and Samsara the leading players on the North American trailer telematics market in terms of number of active units. The European trailer telematics market is smaller than the North American and is dominated by Idem Telematics, Schmitz Cargobull, Transics/WABCO and CLS Group. Five major vendors on the container tracking solution market are Malaysia-based Envotech, China-based ZillionSource, France-based TRAXENS and Sierra Wireless and Geoforce based in the US. Mecomo and Agheera, both based in Europe, are major vendors in the adjacent swap body segment. Nexiot, Siemens, SAVVY and DOT Telematik based in Europe and Amsted Rail based in North America are significant vendors of tracking solutions for rail freight wagons. Sensitech, Roambee, OnAsset Intelligence and Controlant are notable players in the general cargo segment, also offering solutions for air freight cargo tracking. The global COVID-19 pandemic is anticipated to create an increased focus on supply chain visibility and security going forward. “In light of recent events it has been made clear that real-time data on the location and condition of cargo in transit is crucial for an efficient and reliable supply chain”, says Martin Backman, Senior Analyst at Berg Insight. Low-Power Wide-Area (LPWA) networks developed specifically for IoT applications such as Sigfox, CAT-M1, NB-IoT and LoRaWAN are now increasingly available around the world which lowers the barriers for adoption of tracking solutions. “There are great opportunities for solution providers ahead as there will be a surge for cargo tracking solutions post COVID-19 and there will be various communications technology options available to support different customer needs”, concludes Mr. Backman.

2020-06-22
Managed smart metering services to thrive as utilities seek to maximize the value of their smart grid investments
Berg Insight has in a new report published today found that the installed base of smart electricity and gas meters in Europe was 168.3 million in 2019. The installed base is forecasted to grow at a compound annual growth rate (CAGR) of 8.9 percent to reach 280.4 million units in 2025. The majority of new installations will take place in France, Italy and the UK, with significant contributions also coming from countries such as Austria and the Netherlands in the next couple of years. The penetration rate of smart electricity meters in the EU27+3 amounted to 45 percent in 2019. The corresponding percentage for smart gas meters was 28 percent. “As many large-scale European smart metering projects are now completed or in the midst of being rolled out, utilities are becoming increasingly occupied with how to maximize the value of their metering infrastructure by enabling a range of new applications and services beyond meter-to-cash”, said Levi Ostling, IoT Analyst, Berg Insight. The trend can also be seen among utilities which are yet to launch large-scale rollouts as these are looking to future-proof their systems and gain economies of scope. Major drivers for this development include a growing interest in electric vehicles, micro-generation systems and smart city applications. “From a utility procurement perspective, it is expected that there will be less focus on the underlying metering infrastructure in the long run, with functionality taking precedence over individual hardware choices” continued Mr. Ostling. In line with this development, service-oriented smart metering solutions have now become an area of interest among utilities throughout Europe, including both standalone software subscriptions and end-to-end managed services. In the next few years, managed services are anticipated to see a particularly strong growth in markets that comprise a large number of small- and mid-sized utilities. High upfront costs and lack of relevant technical expertise are two major barriers for adopting smart metering among utilities which have not yet done so. “Managed services have the potential to transform this remaining group of utilities to eager adopters in the 2020s”, concluded Mr. Ostling.

2020-06-10
Post COVID-19 smart meter shipments to hit 34.8 million units in 2021
According to a new report from the IoT analyst firm Berg Insight, annual shipments of smart energy meters in Europe will reach a record level of 34.8 million units in 2021. Temporarily postponed meter installations due to COVID-19 are expected to have a slightly negative impact on shipment levels in 2020 and the total number of smart meters installed during the year is anticipated to be 10 percent lower compared to the previous year. Annual smart electricity meter shipments amounted to 20.9 million units in 2019 and the corresponding figure for smart gas meters was 8.5 million units. “Although the COVID-19 pandemic has forced the field work of several major smart metering projects to paus temporarily, the market is nonetheless expected to remain robust with the cumulative number of smart meter shipments being largely unaffected over a three-year period”, says Levi Ostling, IoT Analyst, Berg Insight. Major first-wave rollouts in countries such as France and the Netherlands are expected to be completed according to timelines in the next couple of years while the largely delayed UK rollout is forecasted to ramp up during the same time period. Meanwhile, Italy is now in the late stages of its deployment of smart gas meters as well as in the in the midst of its second-wave rollout of smart electricity meters, contributing with significant volumes in the next few years. With large-scale second-wave rollouts also beginning in Sweden and Finland during 2020–2021, upgrades of first-generation smart electricity metering systems are forecasted to account for 30–35 percent of annual European smart electricity meter shipments during 2020–2024. Central and Eastern Europe will moreover account for an increasing share of smart meter shipments in the 2020s as mass-deployments in Western Europe are being completed while the widespread take-off of second-wave rollouts is still years into the future. While the German market is expected to be a slow burner with a partial rollout until 2032, the outlook is looking more positive for Austria, Switzerland, Poland, Lithuania, Romania and Croatia. “Central and Eastern Europe markets are expected to account for as much as 46 percent of annual EU27+3 smart meter shipments in 2025, up from 9 percent in 2019”, concluded Mr. Ostling.

2020-06-01
Shipments of connected digital signs to reach 32.8 million units in 2024
According to a new research report from Berg Insight, global shipments of connected digital signage displays grew by 16.7 percent to 17.2 million units in 2019. Market growth is driven by greater demand for digital signage solutions in all market verticals, technological advancements and a continued decline in prices. Shipments to the EU28+2 countries totalled an estimated 3.9 million units, whereas shipments to North America reached 4.8 million units. The Rest of World market accounted for the remaining 8.5 million units. Berg Insight forecasts that global shipments of connected digital signs will grow at a compound annual growth rate (CAGR) of 13.8 percent in the next five years to reach 32.8 million units by 2024. As a result, the number of connected digital signage displays in active use worldwide will grow at a CAGR of 15.2 percent from an estimated 63.8 million units in 2019 to 129.4 million units in 2024. The digital signage industry is highly fragmented with a large number of companies active in the marketplace. As for other fragmented markets, consolidation is increasingly taking place among the industry vendors as the market matures. “The digital signage space has seen a large number of M&As over the past years involving various companies active in this industry”, said Rickard Andersson, Principal Analyst, Berg Insight. He adds that one of most significant deals on the digital signage market is STRATACACHE’s acquisition of Scala in 2016. The deal cemented STRATACACHE’s position as a key player with a broad global footprint and total revenues which are now approaching the billion-dollar range. STRATACACHE has over the years performed numerous acquisitions in the digital signage space and related fields, including Premier Retail Networks (PRN), Vertigo Digital Displays, Real Digital Media, LIFT Network, Walkbase, iDKLIC, X2O Media, Sys-Teams and POPSCREENS (now called Scala China). “One of the most eye-catching deals in 2020 so far is further the agreement between NEC and Sharp to create a joint venture by combining NEC Display Solutions with Sharp”, continued Mr. Andersson. Under the terms of the transaction, NEC will transfer majority ownership of NEC Display Solutions to Sharp. “While the consolidation trend contributes to limiting the number of participants in the marketplace, there is also a steady inflow of new players including start-ups eyeing the digital signage industry”, concluded Mr. Andersson.

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