Electronic Logging Device Market report is a comprehensive overview of the market’s situation thoroughly examined and compiled by Stratview Research. This new report provides past progress, current market conditions, and a future prospect from the year 2021 to 2026. It also offers accurate overview of the growth strategies, market size, mergers & acquisitions, and upcoming products/services of leading key players in this market.
Market Insights
The report analyses the market thoroughly and collects data in order to offer reliable data to the users. The Electronic Logging Device market has been witnessing substantial growth in the past couple of years. The market is expected to experience a CAGR of 3.8% during the forecast period. The prime prevalence of political unrest and war-like situations among several countries is encouraging government authorities to increase their defense capabilities and stay prepared during crises.
Market Segments' Analysis
According to Stratview Research, the Electronic Logging Device Market is segmented by Component Type (Display and Telematics Unit), by Form Factor Type (Embedded and Integrated), by Vehicle Type (Truck, Bus, and LCV), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Based on the component type, the electronic logging device market is segmented as display and telematics unit. The telematics unit segment dominates the market as it facilitates services such as calculating the driver’s hours of service; monitoring the vehicle’s condition, fuel efficiency, and tax report; and transmitting data through a GSM module. Further, telematics unit of an electronic logging device includes electronic logs, CO2 emission, vehicle inspection, fuel tracking, temperature monitoring, and more, fueling the growth of the segment during the forecast period.
Based on the form factor type, the electronic logging device market is segmented as embedded and integrated. The embedded segment dominates the market owing to the rapid adoption of electronic logging device in developed regions, particularly in North America and Europe. Embedded electronic logging devices offer more features and are secure and reliable.
Based on the vehicle type, the electronic logging device market is segmented as trucks, buses, and LCVs. The trucks’ segment dominates the market owing to a high demand for the transportation of varied goods globally while challenges, such as a shortage of drivers and truck capacity, have made it crucial to manage the available resources with high efficiency.
Top key vendors in the market:
The report mentions a list of key players in the Electronic Logging Device Market. Some of them are mentioned below –
· AT&T Fleet Complete
· Blue Ink Technology
· CarrierWeb
· Donlen
· Garmin ELD
· Geotab
· KeepTruckin
· Omnitracs
· ORBCOMM
· Pedigree Technologies
· Samsara
· Stoneridge
· Teletrac Navaman
· TomTom Telematics
· Transflo
· Trimble
· Verizon Connect
· Wheels Inc.
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