In 2019 the United States. The Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) has stated that all motorists and drivers must use electronic logging devices (ELD). And also for engine mounts that use an AOBRD, an ELD must be installed by the end of 2019.
According to the report, Increasing Demand for Commercial Vehicles and Trucks
is one of the primary growth factors for the market. ELD and Digital Tachograph Mandate to Drive Revenue Streams for Vendors
is also expected to contribute significantly to the Automotive Logging Device market. Overall, Driving Time
applications of Automotive Logging Device, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Components, such as Display, is boosting the Automotive Logging Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Form, such as Embedded, is boosting the Automotive Logging Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Vehicle Type, such as Passenger Vehicle, is boosting the Automotive Logging Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Deployment, such as Cloud-Based, is boosting the Automotive Logging Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service Type, such as Entry-Level Services, is boosting the Automotive Logging Device market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Automotive Logging Device market identified that the demand is rising in many different parts of the world as "Future Potential for 5G Technology Providers
". Furthermore, some recent industry insights like "In 2019, Omnitracs presented its fleet management platform Omnitracs One. This platform helps haulage companies properly manage their operations by connecting onboard technology to interact with their drivers and vehicles when planning routes. This platform will automatically include toll road and private property exemptions and allow fleets to generate tax forms." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Automotive Logging Device market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Logging Device market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.