Electronic Logging Device Market Surge: Projected CAGR of 3.85% from 2022 to 2027

Market Overview: Electronic Logging Device Market FY2022-2027

This reports provides an essential and dependable overview of the Electronic Logging Device Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.

Electronic Logging Device Market Report Coverage Details:

• Base Year: 2021

• Historical Data: 2017-20

• Forecast Period: 2022-2027

• CAGR: 3.85% (2022-2027)

The Global Electronic Logging Device (ELD) Market is expected to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27.

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Electronic Logging Device Market Driver:

 Increasing Government Regulations Regarding the Safety of Drivers & Vehicles

ELDs accurately record their driving times, making it more comfortable and faster to track, manage, share and improve the accuracy of a driver’s hours of service record, thereby helping drivers be less tired and stay within legally allowed driving hours.

Considering these advantages for the safety of drivers & vehicles, governments are moving towards enforcing the ELD mandate. For instance:

• In 2017, the US passed & implemented the ELD mandate for all commercial vehicles running in the country.

• On the other hand, the Canadian ELD regulations are likely to be implemented from 2022 onwards.

Hence, these significant initiatives would also encourage other countries to shift toward ELDs, which would drive the global market in the coming years.

Electronic Logging Device Market Segmentation Analysis – FY2022-2027

Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Electronic Logging Device Market (2022-2027). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.

The Electronic Logging Device Market segmentation is enlisted below:

By Vehicle Type

• Light Commercial Vehicle

  • Light Trucks

  • Light Bus

• Medium & Heavy Commercial Vehicle

  • Trucks

  • Bus

  • Trailers

  • Others

• Passenger Cars

• Others

By Installation

• Embedded

• Externally Integrated

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By Components

• Engine Module

• Display

• Telematics

By Region

• North America

• South America

• Europe

• Middle East & Africa

• Asia Pacific

Electronic Logging Device Market Competitive Landscape

Blue Ink Technology, Inc., AT&T Inc., CarrierWeb LLC, Donlen Corporation, Garmin Ltd., Geotab Inc., KeepTruckin Inc., Omnitracs LLC, ORBCOMM Inc., Pedigree Technologies LLC, Samsara Inc., Stoneridge Inc., Teletrac Navaman US Ltd., TomTom International BV, and Transflo..

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Key Report Highlights   

• Market Dimensions & Projections

• Pricing Evaluation,

• Recent Strategic Moves by Companies,

• Primary Stakeholders,

• Analysis of Import and Export Trends,

• Competitive Landscape Assessment,

• Emerging Opportunities,

• Market Trends and Indicators

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