Industry Background:
An electronic logging device is an electronic hardware attached to a commercial motor vehicle engine to record driving hours. It is a device that is used in commercial trucks to track hours of service.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Federal Motor Carrier Safety Administration (United States), Verizon Connect (United Kingdom), Teletrac Navman (United States), Geotab (Canada), Azuga Inc. (California), Eroad Inc. (United States), EnVue Telematics, LLC (United States), Omnitracs, LLC (Texas), Donlen Corporation (United States), Garmin Ltd. (United States), AT&T Inc. (United States), WorkWave LLC (United States) and Intrepid Control Systems Inc. (India) |
This growth is primarily driven by Increasing the use of ELDs for reducing the overall paperwork burden for both motor carriers and drivers, Increasing in routing and delivery efficiency, Factors such as increased fuel efficiency, improved safety, reduced liability, faster dispatch that drive the market and Increasing development in driver safety systems.
Globally, a noticeable market trend is evident Increasing advancement in automotive electronics Major Players, such as Federal Motor Carrier Safety Administration (United States), Verizon Connect (United Kingdom), Teletrac Navman (United States), Geotab (Canada), Azuga Inc. (California), Eroad Inc. (United States), EnVue Telematics, LLC (United States), Omnitracs, LLC (Texas), Donlen Corporation (United States), Garmin Ltd. (United States), AT&T Inc. (United States), WorkWave LLC (United States) and Intrepid Control Systems Inc. (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Companies in the market are concentrating on electronic logging devices. The competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. The vendors adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion.
Key Developments in the Market:
In December 2022, Verizon Business got approval from Transport Canada for electronic logging device. This helped company to expand its presence in electronic logging device market
December 8, 2020: Teletrac Navman launched a new tracking device. This device is used to monitor and track powered and non-powered assets such as trailers and containers.
Influencing Trend:
Increasing advancement in automotive electronics
Market Growth Drivers:
Increasing the use of ELDs for reducing the overall paperwork burden for both motor carriers and drivers, Increasing in routing and delivery efficiency, Factors such as increased fuel efficiency, improved safety, reduced liability, faster dispatch that drive the market and Increasing development in driver safety systems
Challenges:
Drivers only keep logs for 8 days out of a 30-day period and High Installation cost
Restraints:
Lack of consistent data format and High cost of embedded systems
Opportunities:
Better driver experience and Development in mobile device integration
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Electronic Logging Device Market
- Analysis about New Entrants in Electronic Logging Device Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Electronic Logging Device Study Sheds Light on
The Electronic Logging Device Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electronic Logging Device industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electronic Logging Device industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.