The Market is Segmented by Component Type (Display and Telematics Unit), by Form Factor Type (Embedded and Integrated), by Vehicle Type (Truck, Bus, and LCV), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The Market is Segmented by Component Type (Display and Telematics Unit), by Form Factor Type (Embedded and Integrated), by Vehicle Type (Truck, Bus, and LCV), and by Region (North America, Europe, Asia-Pacific, and Rest of the Wo...
The electronic logging device market size is expected to grow from USD 11.44 billion in 2021 to USD 15.23 billion in 2028 with a CAGR of 4.12% during the forecast period of 2022-2028.
What is electronic logging device?
An electronic logging device is used by drivers of commercial motor vehicles (CMVs) to automatically record driving time and Hours of Service (HOS) records, as well as capture data on the vehicle’s engine, movement and miles driven.
Market Drivers
Electronic logging device mandate for fleet management in North American and Asian countries & the growing need for operational efficiency in fleet owning organizations are some of the major factors bolstering the market growth.
Covid-19 Impact Analysis
The outbreak of COVID-19 has negatively impacted the industry mainly due to lockdowns imposed by governments around the world to prevent the spread of COVID-19. The pandemic has forced companies to adopt remote working practices. The imposition of lockdown has halted manufacturing activities, disrupted the supply chain, and impacted research and development activities, resulting in delayed production.
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Key Players
Some of the major electronic logging device manufacturers are-
AT&T Fleet Complete
Blue Ink Technology
CarrierWeb
Donlen
Garmin ELD
Geotab
KeepTruckin
Omnitracs
ORBCOMM
Pedigree Technologies
Samsara
Stoneridge
Teletrac Navaman
TomTom Telematics
Transflo
Trimble
Verizon Connect
Wheels Inc.
Segment Analysis
By Component Type
The market is segmented as display and telematics unit. The telematics unit segment dominates the market as it facilitates services such as calculating the driver’s hours of service; monitoring the vehicle’s condition, fuel efficiency, and tax report; and transmitting data through a GSM module. Further, telematics unit of an electronic logging device includes electronic logs, CO2 emission, vehicle inspection, fuel tracking, temperature monitoring, and more, fuelling the growth of the segment during the forecast period.
By Form Factor Type
The market is segmented as embedded and integrated. The embedded segment dominates the market owing to the rapid adoption of electronic logging device in developed regions, particularly in North America and Europe. Embedded electronic logging devices offer more features and are secure and reliable.
By Vehicle Type
The market is segmented as trucks, buses, and LCVs. The trucks’ segment dominates the market owing to a high demand for the transportation of varied goods globally while challenges, such as a shortage of drivers and truck capacity, have made it crucial to manage the available resources with high efficiency.
By Region
Europe held the largest market share in 2021 as since 2006 digital tachographs were mandated in 27 European countries for commercial vehicle. The ongoing and upcoming organic and inorganic growth strategies devised by players in the market would lead to a significant upsurge in the market in Europe during the forecast period. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Report - Features
Market Segmentation
4
Regions Covered
4
Countries/Sub-Regions Covered
17
No. of Figures & Tables
>150
Company Profiles
10
The market is segmented into the following categories.
By Component Type:
Display
Telematics Unit
By Form Factor Type:
Embedded
Integrated
By Vehicle Type:
Truck
Bus
LCV
By Region:
North America (Country Analysis: the USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Get the full scope of the report.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way and the structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features:
Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
Electronic Logging Device Market Features
Market Size in 2021
USD 11.44 billion
Market Size in 2028
USD 15.23 billion
Market Growth (2022-2028)
4.12% CAGR
Base Year of Study
2021
Trend Period
2016-2020
Forecast Period
2022-2028
Segments Covered
by Function Type (Disposable and Durable)
by Material Type (Polypropylene, Polyethylene, Polyester, and Others [Polyamide, Polyurethane, Polylactic Acid, and Bico])
by End-Use Industry Type (Personal Care & Hygiene, Medical, Agriculture, Packaging, Automotive, and Others [Construction, Geotextile, and Filtration])
by Region (North America, Europe, Asia-Pacific, and Rest of the World)
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to 3 players)
SWOT analysis of key players (up to 3 players)
Market Segmentation
Current market segmentation of any one of the component types by vehicle type.
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
Recent Developments
Nov 2022: Trucker Path offers Geotab ELD, telematics solutions
Trucker Path, provider of trucking technology solutions including its widely used navigation app, has added Geotab electronic logging device (ELD) and telematics technologies to its growing suite of products and services.
Feb 2022: KeepTruckin’s Electronic Logging Device Solution Now Certified in Canada
KeepTruckin, the leader in fleet management technology, announced today that its Electronic Logging Device (ELD) solution is now fully certified in Canada for both Android and iOS operating systems.
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Electronic logging device mandate for fleet management in North American and Asian countries & the growing need for operational efficiency in fleet owning organizations are some of the factors driving the growth of the market.