As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
|
|
|
|
|
|
|
|
|
Market Outlook
The global electronic logging devices (ELDs) market attained USD 13.2 billion in 2019, driven by new vehicle sales and aftermarket operation. The market is projected to reach USD 15.6 billion by 2025, growing at a CAGR of 2.91% over the 2020-2025 forecast period. Electronic logging devices’ mandate for fleet management in North America and some Asian countries such as Japan and South Korea is a major driver of the market growth. The increasing need for fleet-owned organisations for operational efficiency will also play an important role in the industry growth. Due to strictly enforced regulations relating to electronic logging devices (ELDs), Europe is projected to be the largest market for electronic logging devices (ELDs) in the forecast period.
Get a Free Sample Report with Table of Contents - Download Now
Properties and Applications
Electronic logging device (ELD) is an electronic hardware for recording driving hours connected to a commercial motor vehicle engine. The electronic logging devices market can be segmented into vehicle type, form factor, and component.
The industry can be broadly categorised based on its vehicle type into:
The industry can be divided based on its form factor as:
Based on the components, the industry can be divided into:
The EMR report looks into the regional electronic logging devices markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
Market Analysis
The use of ELDs to improve the quality of driving is growing significantly as it helps owners of commercial vehicles track drivers’ driving patterns. The use of ELDs also offers drivers with real-time notifications of the vehicle component condition, making maintenance and repair work more manageable. These advantages drive the increasing adoption of ELDs. Mobile device integration with ELD to monitor the different aspects of automobiles and service requirements is expected to drive the market in the coming years. Software developers are progressively focusing on developing applications for smartphones related to electronic logging devices (ELDs) to capitalize on the growing need for vehicle behaviour monitoring. Such apps can synchronize information between digital company logging devices and smartphones of the drivers. Therefore, mobile device integration with ELDs will be a key development in the ELDs market that will accelerate the market growth over the forecast period.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global electronic logging devices market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report:
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Electronic Logging Devices (ELDs) Market Analysis
6.1 Global Electronic Logging Devices (ELDs) Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Global Electronic Logging Devices (ELDs) Market Breakup by Vehicle Type
6.2.1 Light Commercial Vehicle
6.2.2 Truck
6.2.3 Bus
6.3 Global Electronic Logging Devices (ELDs) Market Breakup by Vehicle Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Light Commercial Vehicle
6.3.2 Truck
6.3.3 Bus
6.4 Global Electronic Logging Devices (ELDs) Market Breakup by Form Factor
6.4.1 Embedded
6.4.2 Integrated
6.5 Global Electronic Logging Devices (ELDs) Market Breakup by Form Factor: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Embedded
6.5.2 Integrated
6.6 Global Electronic Logging Devices (ELDs) Market Breakup by Component
6.6.1 Telematics
6.6.2 Engine Module
6.6.3 External Display
6.7 Global Electronic Logging Devices (ELDs) Market Breakup by Component: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Telematics
6.7.2 Engine Module
6.7.3 External Display
6.8 Global Electronic Logging Devices (ELDs) Market Breakup by Region
6.8.1 North America
6.8.1.1 United States of America
6.8.1.2 Canada
6.8.2 Europe
6.8.2.1 Germany
6.8.2.2 United Kingdom
6.8.2.3 France
6.8.2.4 Italy
6.8.2.5 Others
6.8.3 Asia Pacific
6.8.3.1 China
6.8.3.2 Japan
6.8.3.3 India
6.8.3.4 ASEAN
6.8.3.5 Others
6.8.4 Latin America
6.8.4.1 Brazil
6.8.4.2 Argentina
6.8.4.3 Mexico
6.8.4.4 Others
6.8.5 Middle East & Africa
6.8.5.1 Saudi Arabia
6.8.5.2 United Arab Emirates
6.8.5.3 Nigeria
6.8.5.4 South Africa
6.8.5.5 Others
6.9 Global Electronic Logging Devices (ELDs) Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
6.9.1.1 United States of America
6.9.1.2 Canada
6.9.2 Europe
6.9.2.1 Germany
6.9.2.2 United Kingdom
6.9.2.3 France
6.9.2.4 Italy
6.9.2.5 Others
6.9.3 Asia Pacific
6.9.3.1 China
6.9.3.2 Japan
6.9.3.3 India
6.9.3.4 ASEAN
6.9.3.5 Others
6.9.4 Latin America
6.9.4.1 Brazil
6.9.4.2 Argentina
6.9.4.3 Mexico
6.9.4.4 Others
6.9.5 Middle East & Africa
6.9.5.1 Saudi Arabia
6.9.5.2 United Arab Emirates
6.9.5.3 Nigeria
6.9.5.4 South Africa
6.9.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 Trimble Inc (NASDAQ: TRMB)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Omnitracs, LLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Teletrac Navman Ltd.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Geotab Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Donlen Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Garmin Ltd. (NASDAQ: GRMN)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 Verizon Communications Inc. (NYSE: VZ)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 AT&T Inc. (NYSE: T)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 WorkWave LLC
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10 Others
10 Events and Development
Additional Customization Available:
11 Procurement Strategy
11.1 Value Chain Analysis
11.2 Contract Terms
11.3 Buying and Sourcing Trends
11.4 Storage and Warehousing
11.5 Certifications and Regulations
11.6 Risk Factors
12 Trade Data Analysis
12.1 Major Exporting Countries: By Value and Volume
12.2 Major Importing Countries: By Value and Volume
13 Regional Price Analysis
14 Manufacturing Process
14.1 Detailed Process Flow
14.2 Operations Involved
14.3 Mass Balance
15 Cost Analysis and Project Economics
15.1 Land, Location and Site Development
15.2 Construction
15.3 Plant Machinery
15.4 Cost of Raw Material
15.5 Packaging
15.6 Transportation
15.7 Utilities
15.8 Manpower
15.9 Other Capital Investment
16 Production Cost Analysis
EMR is one of the foremost business intelligence and market research companies with a database of syndicated and customised reports spanning more than 100 industries across global and regional markets. We leverage the knowledge of our highly skilled team of over 100 analysts and more than 3000 independent consultants to provide our clients with thoroughly researched and reliable data tailored to their requirements. We help our clients, who range from Fortune 1000 companies to medium and niche enterprises, make informed strategic decisions through our varied tools and methodology.
Our meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. We understand the distinct nature and requirements for each industry and thus, modify our methodology to best fit the industry in question. Our research methodology uses a combination of cutting-edge analytical tools and the expertise of our highly accomplished team, thus, providing our customers with industry insights that are accurate, actionable, and help them remain ahead of their competition. EMR’ s fine-tuned research methodology and data analysis, formulated through years of cross-industry experience of our team, ensure that our clients are provided with:
Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.
Price Assessment
We assess the historical, prevailing, and expected prices of commodities and raw materials by analysing our assiduously collected data from verified primary and secondary sources. Our assessments reflect the market values of related commodities within a region to help our consumers understand the interdependencies and formulate profitable industry strategies. Our price assessments cover both the average global prices along with the prevailing regional prices.
Market Assessment
Our market assessments determine the global and regional production and consumption of the product, according to their value and volume. We identify the key growth drivers, opportunities, and restraints that might promote or hinder the future industry growth along with an expansive overview of the competitive landscape to help our clients make informed strategic decisions. We also take into account the demographic, economic, cultural, and political factors that might influence the market.
We gather market intelligence through our extensive database of reliable secondary sources and our exhaustive interviews with multiple industry stakeholders. The information gathered through our primary and secondary sources help us verify and extrapolate data relating to prices, trade, and market fluctuations along with the latest developments in the industry.
Primary Research
As a part of our primary research, we interact with highly placed industrial professionals possessing an expansive and meticulous insight into the market. We conduct our interviews via mails, telephonic conversations, and one-on-one meetings. Thus, our exhaustive interviews with both buyers and consumers help us provide our clients with verified intelligence regarding the market size, share, drivers, prices, and forecast along with a detailed assessment of your supply chain.
Secondary Research
EMR has access to extensive internal and subscribed databases, which apprise us of the historical and prevailing industry conditions and help us forecast the market for the coming few years. Our secondary research involves a wide array of sources ranging from the annual and financial reports of the key players in the industry to governmental and regulatory databases. We refer to various scientific and industry publications and whitepapers to form a comprehensive understanding of the product and the supply chain. Our wide-ranging research also refers to relevant articles and press releases to provide our customers with an up-to-date understanding of the contemporary market. We derive extensive raw data from our secondary research, which then go through a thorough verification and validation process, to help us formulate an exhaustive understanding of the industry, the supply chain, the competitive landscape, and the product.
Other Analyst Tools and Data Models
Our extensive and intricate data models, formulated through our propriety technological and analytical resources, help you easily comprehend the expansive market data and aid you in framing vital business and industry strategies. Our tools provide you with a cohesive understanding of the industry outlook, taking into account the qualitative and quantitative market variables. Our analytical tools and models are regularly updated according to the changes in the continually evolving market scenarios as well as being adapted to best meet our client’s specific needs. Our research methods involve a blend of the best technological tools used in the industry along with the expertise of our analysts and consultants who can spot and assess the implications of the subtle factors influencing the more complex markets.
Our market assessments take into consideration only those data that are confirmed and are derived from credible and transparent sources. Thus, our clients are presented with accurate and infallible data which can be incorporated into their business strategies.
Before our data is presented to the clients, they undergo an intensive cross-verification and validation process. We corroborate the data gathered through our primary and secondary research by the review and validation of the initial sources along with the verification of the data from other thoroughly vetted sources.
Our qualitative and quantitative assessments are time-sensitive, reflecting the most recent value and volume of the market across regions. By constantly updating our databases and reports to reflect the changes taking place in the industry, our market and price assessments accurately reflect the prevailing industry conditions.
Thus, our rigorous data collection, thorough statistical analysis, and specialist assessments ensure that our clientele has a greater understanding of the industry space, supply chain, price fluctuations, competitive landscape, and other vital factors, helping them emerge as the undisputed industry leaders in their respective fields.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
The global video intercom devices industry is being driven by the growing demand for enhanced security equipment, the development of advanced tools with integrated audio and video features, and the gr...
The global passenger security market attained a value of USD 5 billion in 2019. The passenger security market is further expected to grow in the forecast period of 2020-2025 at a CAGR of 7% to reach U...
Security systems offer various benefits, such as holding information records, tracking of business and residential activities, and enabling nations to combat terrorism and external threats at differen...
The global encryption software market size will rise from USD 8.3 billion in 2019 to USD 19.2 billion by 2025, growing at a CAGR of 15.05% in the 2020-2025 forecast period. The major encryption softwa...
The global electronic article surveillance market demand is expected to increase from USD 1.07 billion in 2019 to USD 1.2 billion by 2025, growing at a CAGR of 3.24% in the forecast period of 2020-202...
Buy Full Version
"Electronic Logging Devices (ELDs) Market"
Purchase Enquiry