Global Electronic Logging Device Market Segments 2024, Forecast To 2033
5 Mar, 2024
The electronic logging device market has experienced steady growth, progressing from $14.15 billion in 2023 to $14.78 billion in 2024 with a 4.4% CAGR. Factors contributing to this include regulatory mandates, improved compliance, enhanced fleet management, and productivity gains. The market is expected to continue this steady growth, reaching $17.91 billion in 2028 at a 4.9% CAGR. This growth is associated with ongoing regulatory evolution, a focus on driver well-being, smart cities, and trends like advancements in telematics technology and blockchain for data security.
Global Electronic Logging Device Market Key Driver
The electronic logging device market will grow with the increasing demand for electronics in the automotive industry. Sales of light commercial vehicles reached a seasonally adjusted annual rate of 14.9 million, increasing the demand for electronic logging devices.
Get A Free Sample Of The Global Electronic Logging Device Market ReportGlobal Electronic Logging Device Market Segments
The electronic logging device market covered in this report is segmented –
1) By Component: Telematics Unit, Display, Other Components
2) By Form Factor Type: Embedded, Integrated
3) By Vehicle Type: Light Commercial Vehicles, Truck, Bus
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Europe was the largest region in the electronic logging device market in 2023. The regions covered in the electronic logging device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Electronic Logging Device Industry Players
Trimble Transportation; Omnitracs LLC; Teletrac Navman Ltd.; Geotab Inc.; Donlen Corporation; Verizon Connect; Blue Ink Tech; CarrierWeb LLC; TomTom International BV; Assured Techmatics; BigRoad Inc.; Coretex Group Limited; Transflo; Wheels Inc.; EROAD Limited; Fleetup; Gorilla Safety; Drivewyze Inc.; LINXUP LLC; InTouch GPS; Fleet Complete; Stoneridge Inc.; AT&T Fleet Complete; Garmin Ltd.; Samsara Inc.; Fleetmatics Group plc; Zonar Systems Inc.; PeopleNet Corporation; Azuga Inc.; GPS Insight LLC; NexTraq
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AIOps Electronic Logging Device Market Overview
Electronic logging device (ELD) is an electronic tool that assist licensed truck drivers and private motor carriers to measure their hours of operation. Electronic logging device is furnished with inbuilt gyroscopes, GPS tracking and accelerometers and it measures hours of service, drive time, duty status, real time GPS location, engine load and speed, fuel efficiency, Idling, mileage for diagnostics and fault codes and Safety-related events, like harsh braking or collisions.
Electronic Logging Device Global Market Report 2023 provides data on the global electronic logging device market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electronic logging device market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.