Global Electronic Logging Device Market By Component (Display, Telematics unit, Other), Form Factor (Embedded, Integrated), New and Aftermarket Service (Entry Level Services, Intermediate Services, High-End Services), Vehicle Type (Light Commercial Vehicle, Truck, Bus), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Electronic Logging Device Market
The electronic logging device market is expected to witness market growth at a rate of 4.10% in the forecast period of 2021 to 2028 and is estimated to reach 17,071.17 USD million by 2028. Data Bridge Market Research report on automotive vehicle scanner market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Electronic logging device is an electronic hardware which is attached to the commercial motor vehicle engine to record driving hours. The driving hours of the commercial drivers are controlled by a set of rules called as the hours of service. They contribute to form a safer work environment for the drivers of commercial motor vehicles to track, manage and share data precisely the on driving and also off-duty time.
Major factors that are expected to boost the growth of the electronic logging device market in the forecast period are the eld and digital tachograph mandate to drive revenue streams for the vendors and the increasing demand for the operational efficiency in the fleet maintaining organizations. However, the price sensitivity of the fleet owners is a major obstacle in the placement of the advanced fleet management technologies and the absence of the awareness amongst the drivers and the fleet owners in the advancing nations are some of the factors anticipated to most likely impede the growth of the electronic logging device market in the timeline period.
Additionally, the data can be harnessed to make the informed business decisions and the future potential for the 5G technology providers which will further extend profitable opportunities for the growth of the electronic logging device market in the coming years. Despite that, the data management and the data security are complex procedures for the vendors which might further challenge the growth of the electronic logging device market in the near future.
This electronic logging device market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electronic logging device market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electronic Logging Device Market Scope and Market Size
The electronic logging device market is segmented on the basis of component, form factor, new and aftermarket service and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the component, the electronic logging device market is segmented into display, telematics unit, other.
- Based on the form factor, the electronic logging device market is segmented into embedded, integrated.
- Based on the new and aftermarket service, the electronic logging device market is segmented into entry level services, intermediate services, and high-end services.
- Based on the vehicle type, the electronic logging device market is segmented into light commercial vehicle, truck, bus.
Electronic Logging Device Market Country Level Analysis
The electronic logging device market is analysed and market size, volume information is provided by country, component, form factor, new and aftermarket service and vehicle type as referenced above.
The countries covered in the electronic logging device market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the electronic logging device market because of the shift of OEMs from not only manufacturing but also providing in-built electronic logging device for commercial vehicles. Furthermore, the continuous and forthcoming organic and inorganic growth plans created by the market players will further boost the growth of the electronic logging device market in the region during the forecast period. North America is projected to observe significant amount of growth in the electronic logging device market because of the occurrences of large manufacturing and oil and gas companies. Moreover, due to the new federal law regarding the driving limits many of the truckers are now adjusting to, is further anticipated to propel the growth of the electronic logging device market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electronic Logging Device Market Share Analysis
The electronic logging device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electronic logging device market.
The major players covered in the electronic logging device market report are Pedigree Technologies, KeepTruckin, Inc., EROAD, FleetUp, Intrepid Control Systems Inc, Gorilla Safety Fleet Management., Omnitracs, Trimble Inc., Verizon, Drivewyze, LINXUP, InTouch GPS, LLC, Geotab Inc., Fleet Complete., Blue Ink Technology, Wheels, Inc., Donlen, ORBCOMM, Garmin Ltd., CarrierWeb, Transflo a Pegasus TransTech Company., Stoneridge, Inc., Teletrac Navman US Ltd, TomTom International BV., WorkWave, LLC, Merchants Fleet, LeasePlan, Vector Informatik GmbH, MICHELIN, Racelogic, HEM Data Corporation, Danlaw Technologies India Limited., Influx Technology., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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