Electronic Logging Device Market Global Trends, Growth, Opportunities, Market Size Forecast to 2026

 

Electronic Logging Device Market By Product (AOBRD, ELD, HOS), Vehicle Type (LCV, Truck, Bus, Taxi/Cabs), Component (External Display, Telematics Unit, Others), Subscription Type (ELD Without Screen, ELD With Screen), Form Factor (Embedded, Integrated), Service (Entry-Level Services, Intermediate Services, High-End Services), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026.Lack of adoption from fleet owners globally due to their assumptions regarding these systems as being unnecessary expenses; this factor is expected to restrain the market growth Inadequate knowledge and information regarding the availability of these services in the various developing regions is expected to restrain the growth of the market Complications associated with replacing paper-based logging system with these devices along with restrained adoption from the drivers of these vehicles is expected to restrain the growth of the market.

Electronic logging device market is expected to rise to an estimated value of USD 17.52 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the significant developments and advancements of communication technology such as 5G, along with trend of utilizing the data generated from e-logs.

Global Electronic Logging Device Market is hardware devices that are installed on the several types of commercial vehicles so that the data regarding the travelling route taken, distance travelled and time taken for travelling are recorded. This device helps in recording of the data regarding the engine and mobility of the vehicle through which a number of informed business decisions can take place regarding the maintenance of the vehicle, emissions of the vehicle efficiency and other major components. Presence of strict regulations and compliances regarding the installation and usage of these devices from the U.S. and European region; this factor is expected to drive the growth of the market Demand for providing better efficiency of operations from the fleets is expected to drive the growth of the market Rising levels of trucks availability in the “BRICS” countries; this factor is expected to drive the growth of the market Growth in demand of the services available from the logistics company requiring better supply chain management resulting in adoption of digital technologies and services; this factor is expected to drive the growth of the market.

 

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Segmentation: Global Electronic Logging Device Market:

Competitive Analysis: Global Electronic Logging Device Market:

Global electronic logging device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of electronic logging device market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. 

Key Developments in the Market:

In May 2019, MICHELIN announced that they had agreed to acquire Masternaut Limited. Masternaut will continue to operate as a subsidiary following the acquisition which will further help Masternaut Limited in providing their telematics services to an even greater geographical region.In March 2017, Fleet Complete announced that they had acquired BigRoad. This acquisition will further help in the expansion of ELD services and products offering best-in-class ELD compliance platform in the North American region. This acquisition is compliant with Fleet Complete’s strategy of growing their organisation and offering best in class products & services.

Key Market Competitors: Global Electronic Logging Device Market: 

Few of the major competitors currently working in the global electronic logging device market are Pedigree Technologies; KeepTruckin, Inc.; EROAD; FleetUp; Intrepid Control Systems, Inc.; Gorilla Safety Fleet Management; Omnitracs; Trimble Inc.; Verizon; Drivewyze; LINXUP; InTouchGPS; Geotab Inc.; Fleet Complete; Blue Ink Technology; Wheels, Inc.; Donlen; ORBCOMM; Garmin Ltd.; CarrierWeb Group of Companies; Transflo a Pegasus TransTech Company; Stoneridge, Inc.; Teletrac Navman US Ltd; TomTom Telematics BV; WorkWave, LLC; Merchants Fleet; LeasePlan; Vector Informatik GmbH; MICHELIN; Racelogic; HEM Data Corporation; Danlaw Technologies India Limited and Influx Technology.

 

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The key questions answered in this report:

What will be the Market Size and Growth Rate in the forecast year?

What is the Key Factors driving Laser Convertible Electronic Logging Device Market?   

What are the Risks and Challenges in front of the market?

Who are the Key Vendors in Electronic Logging Device Market?   

What are the Trending Factors influencing the market shares?

What is the Key Outcomes of Porter’s five forces model

 

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