MarkNtel Advisors recently published a detailed industry analysis of the Global Electronic Logging Device (ELD) Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Electronic Logging Device (ELD) Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2027
The Electronic Logging Device (ELD) Market is anticipated to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27.
Key Findings in Global Electronic Logging Device (ELD) Market:
- Historical Analysis: 2017–2020
- Base Year: 2021
- Forecast Period: 2022–2027
Leading Market Players- Blue Ink Technology, Inc., AT&T 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.
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Electronic Logging Device (ELD) industry?
Increasing Government Regulations Regarding the Safety of Drivers & Vehicles- ELDs accurately record their driving times, making it more comfortable and faster to track, manage, share and improve the accuracy of a driver’s hours of service record, thereby helping drivers be less tired and stay within legally allowed driving hours.
Considering these advantages for the safety of drivers & vehicles, governments are moving towards enforcing the ELD mandate. For instance:
- In 2017, the US passed & implemented the ELD mandate for all commercial vehicles running in the country.
- On the other hand, the Canadian ELD regulations are likely to be implemented from 2022 onwards.
Hence, these significant initiatives would also encourage other countries to shift toward ELDs, which would drive the global market in the coming years.
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What segments define the Global Electronic Logging Device (ELD) Market from 2022 to 2027? How do these segments contribute to market dynamics and growth?
By Vehicle Type
- Light Commercial Vehicle
- Light Trucks
- Light Bus
- Medium & Heavy Commercial Vehicle
- Trucks
- Bus
- Trailers
- Others
- Passenger Cars
- Others
According to report, Of them all, the Light Commercial Vehicles segment is expected to gain significant momentum in the Global Electronic Logging Device Market during 2022-27,
By Installation
- Embedded
- Externally Integrated
According to report, Here, the Embedded segment is expected to acquire a significant market share owing to the burgeoning demand for digitally integrated commercial vehicles due to the increase in tourism activities & logistics services globally.
By Components
- Engine Module
- Display
- Telematics
Explore the Complete Global Electronic Logging Device (ELD) Market Analysis Report – https://www.marknteladvisors.com/research-library/electronic-logging-device-eld-market.html
Geographical Analysis: Global Electronic Logging Device (ELD) Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Electronic Logging Device (ELD) Industry Recent Development:
- In March 2018, Samsara raised USD 50 million from General Catalyst & Andreessen Horowitz to promote expansion in its logistics management, coupled with the transportation business, i.e., adding over 1700 new customers each quarter. This funding intends to scale customer support while innovating new technologies to serve thousands of new customers by expanding the platform with new sensors, software, and AI-driven data analytics.
- Moreover, in July 2021, Samsara partnered with EVgo, the largest public Electric Vehicle (EV) fast-charging network in the US, to help consumers augment their transition to EVs.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Electronic Logging Device (ELD) Market?
- How is the Global Electronic Logging Device (ELD) Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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