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Market Snapshot

CAGR:7.58

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.58

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Report Overview

Automotive Electronic Logging Device (ELD) Market Analysis Report 2023-2032

The Automotive Electronic Logging Device (ELD) Market is poised to experience a Compound Annual Growth Rate (CAGR) of 9.25% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 1,965.78 million. The growth of this market is driven by a combination of factors, including regulatory mandates, the need for improved fleet management, and the adoption of technology for enhancing transportation efficiency. The market comprises electronic logging devices designed to monitor and record hours of service (HOS) compliance for commercial vehicle operators.

Automotive Electronic Logging Device (ELD) Market Overview

Drivers

A key driver behind the expansion of the Automotive Electronic Logging Device (ELD) Market is the increasing implementation of government regulations related to electronic logging. In an effort to enhance safety on the roads and ensure HOS compliance among commercial vehicle operators, many countries have mandated the use of ELDs. This regulatory push is creating a significant demand for ELD solutions across the automotive industry.

Furthermore, the need for efficient fleet management is driving market growth. ELDs not only aid in HOS compliance but also provide valuable data for optimizing routes, reducing fuel consumption, and improving overall operational efficiency for fleet operators.

Trends

An important trend shaping the Automotive Electronic Logging Device (ELD) Market is the integration of telematics and connectivity features into ELD systems. Advanced ELD solutions are equipped with GPS and cellular connectivity, enabling real-time tracking, remote diagnostics, and communication with fleet management systems. These features enhance the functionality of ELDs and provide comprehensive insights into vehicle and driver performance.

Additionally, there is a growing trend toward cloud-based ELD solutions. Cloud-based ELDs offer scalability, ease of updates, and accessibility from various devices, making them increasingly popular among fleet operators seeking flexibility and cost-efficiency.

Restraints

One of the challenges faced by the Automotive Electronic Logging Device (ELD) Market is the initial cost associated with ELD implementation. While ELDs provide long-term benefits, including improved compliance and operational efficiency, the upfront investment can be a restraint for small-scale fleet operators.

Moreover, concerns related to data security and privacy can be a barrier to ELD adoption. Fleet operators need to ensure that ELD systems comply with data protection regulations and safeguard sensitive information.

Automotive Electronic Logging Device (ELD) Market Segmentation By Vehicle Type

The commercial vehicle segment is expected to be a prominent growth segment within the Automotive Electronic Logging Device (ELD) Market. Commercial vehicle operators are required to comply with HOS regulations, making ELDs essential for managing and monitoring driver hours. Large fleets and logistics companies, in particular, are driving the demand for ELD solutions.

The passenger vehicle segment also constitutes an important application segment, especially in the context of ride-sharing and transportation network companies. ELDs are used to monitor and ensure compliance with regulations governing passenger transport.

Automotive Electronic Logging Device (ELD) Market Segmentation By Connectivity Type

The cellular ELD segment is projected to experience significant growth during the forecast period. Cellular ELDs leverage wireless connectivity to transmit data in real-time, providing fleet managers with up-to-the-minute information on driver activities and vehicle status. The demand for real-time monitoring and communication is fueling the adoption of cellular ELD solutions.

Bluetooth-based ELDs are another important connectivity type in the market. These devices use Bluetooth technology to connect with smartphones or tablets, providing a cost-effective and flexible ELD solution, particularly for small and medium-sized fleets.

Regional Overview:

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North America, especially the United States, is anticipated to be a key driver of global Automotive Electronic Logging Device (ELD) Market growth. The U.S. Federal Motor Carrier Safety Administration (FMCSA) has mandated the use of ELDs to improve safety and compliance among commercial vehicle operators. This regulatory environment is fostering ELD adoption in the region.

The market faced some disruption during the COVID-19 pandemic as economic challenges affected transportation and logistics. However, as the economy recovers, the need for efficient fleet management and compliance with HOS regulations is expected to drive ELD market growth.

Automotive Electronic Logging Device (ELD) Market Customer Landscape

The Automotive Electronic Logging Device (ELD) Market report offers insights into the adoption patterns of the market, ranging from early adopters to laggards. The report examines adoption rates across different regions based on penetration levels. Moreover, the report delves into key criteria influencing purchase decisions and factors affecting price sensitivity. These insights assist companies in formulating effective strategies for market entry and growth.

Major Automotive Electronic Logging Device (ELD) Market Companies

Prominent players in the Automotive Electronic Logging Device (ELD) Market are implementing diverse strategies to bolster their market presence. These strategies include strategic collaborations, mergers and acquisitions, new product offerings, geographic expansion, and technological innovations.

Sample list of major companies in the market:

ELD Solutions Inc.
FleetLogik
Omnitracs LLC
KeepTruckin Inc.
Geotab Inc.

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players. The categorization of companies based on their market focus and influence provides a comprehensive view of the competitive environment.

Segment Overview

The Automotive Electronic Logging Device (ELD) Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Vehicle Type Outlook (USD Million, 2019 - 2032)

Commercial Vehicles
Passenger Vehicles

Connectivity Type Outlook (USD Million, 2019 - 2032)

Cellular ELDs
Bluetooth ELDs
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Automotive Electronic Logging Device MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Automotive Electronic Logging Device MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Automotive Electronic Logging Device Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Automotive Electronic Logging Device MARKET BY Component type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Display

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Telematics unit

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Automotive Electronic Logging Device MARKET BY Form factor type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Embedded

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Integrated

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Automotive Electronic Logging Device MARKET REGIONAL OUTLOOK

7.1. Automotive Electronic Logging Device Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Automotive Electronic Logging Device Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Automotive Electronic Logging Device Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Automotive Electronic Logging Device Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Automotive Electronic Logging Device Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Automotive Electronic Logging Device Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Omnitracs

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 LLC

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Teletrac Navman

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Geotab

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Trimble

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Donlen Corporation

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automotive Electronic Logging Device Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032