Market Insights and Analysis: Global Electronic Logging Device (ELD) Market Overview and Projections (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. With the increasing consumer reliance on IT integrated mobility and the burgeoning demand for e-commerce, automotive rentals, ride-sharing services across the globe, there exists a persistent call for commercial vehicles to integrate ELD technology in fleet management.
Top leading companies in the Global Electronic Logging Device (ELD) Market includes:
Blue Ink Technology, Inc., ATT 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.
Thriving E-Commerce Platforms to Boost the Market
The growing customer spending on healthcare household products and the mounting inclination of consumers toward safe doorstep deliveries of groceries essentials through E-Commerce platforms due to the Covid-19 pandemic has resulted in the incessant use of E-commerce companies like Amazon, Bazzar.ae, Bashara Care, etc., which, in turn, has devised significant investments in freight expansions of light commercial vehicles.
As a result, the heightening demand for commercial vehicles for travel logistical services across the globe and rising data falsification among fleet drivers through conventional tracking practices have enabled governments to mandate the use of Electronic Logging Devices (ELDs). Additionally, stringent government regulations such as FMSCA in North America have come into effect, due to which the installation of ELDs in commercial vehicles has been made mandatory. Hence, this shall further fuel the overall market growth of ELDs in the coming years.
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Report Segmentation:
The market is categorized into the following segments in the report:
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
By Components
-Engine Module
-Display
-Telematics.
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Global Electronic Logging Device (ELD) Market Geographic Reach:
The Geographic Reach of the Global Electronic Logging Device (ELD) Market evaluates the spread and significance of Global Electronic Logging Device (ELD) market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: USA, Canada, Mexico
- Europe: Germany, The UK, Germany, France, Spain, Italy and Others
- Asia-Pacific: China, India, Japan, South Korea, Australia and Others
- South America: Brazil, and Argentina
- Middle East Africa: UAE, Saudi Arabia, South Africa, Egypt.
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