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Market Outlook
The global electronic logging devices (ELDs) market attained USD 13.2 billion in 2020, driven by new vehicle sales and aftermarket operation. The market is projected to reach USD 15.6 billion by 2026, growing at a CAGR of 2.91% over the 2021-2026 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.
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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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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 (2016-2020) & Forecast (2021-2026)
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
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