According to the latest report by IMARC Group, titled “Global Automotive Logging Device Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global automotive logging device market size reached a value of US$ 13.10 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.66 Billion by 2027, exhibiting at a CAGR of 4.60% during 2022-2027.
An automotive logging device or electronic logging device (ELD) is an electronic device that is employed to monitor and track commercial motor vehicles. It performs a wide variety of functions such as recording the driving time, hours of service (HOS), and record of duty status (RODS). It consists of a tracking device, mobile application, and fleet management software, which are connected and synchronized to the engine of the vehicle. An automotive logging device is plugged into the onboard diagnostics (OBD) port that aids in gathering information regarding the distance covered, engine condition, power, and vehicle movement.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Automotive Logging Device Market Trends and Drivers:
The global automotive logging device market is primarily driven by the significant growth of the automotive industry. The rise in cross-border activities has increased the need for automotive logging devices in vehicles.
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Besides this, the device offers advantages including driver safety, simplified record-keeping, enhanced accuracy, optimized fuel consumption, rising productivity, streamlined operations, and scheduled maintenance programs, which is escalating the demand for automotive logging devices.
Furthermore, rapid technological advancements, such as the integration of internet connectivity, smartphones, and the Internet of Things (IoT)-enabled sensors that provide real-time tracking provision at remote locations, are also positively influencing the market growth across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Automotive Logging Device Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG).
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The report has segmented the market on the basis of region, component, service type, form factor and vehicle type.
Breakup by Component:
- Telematics Unit
Breakup by Service Type:
- Entry Level
- High Level
Breakup by Form Factor:
Breakup by Vehicle Type:
- Light Commercial Vehicles
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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