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Electronic Logging Devices (ELDs) Market

Global Electronic Logging Devices (ELDs) Market Size, Share: By Vehicle Type: Light Commercial Vehicle, Truck, Bus; By Form: Embedded, Integrated; By Component: Telematics, Engine Module, External Display; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Electronic Logging Devices (ELDs) Market Outlook

The global electronic logging devices (ELDs) market size was valued at USD 14.39 billion in 2023. The market is further projected to grow at a CAGR of 2.9% between 2024 and 2032, reaching a value of USD 18.62 billion by 2032.

 

Key Takeaways

  • Approximately 600,000 light commercial vehicles were sold in India during the 2023 fiscal year.
  • In England, the number of bus passenger journeys rose by 19.3% in 2023.
  • Commercial trucks and buses must have an ELD, according to the 2015 ELD rule published by the Federal Motor Carrier Safety Administration (FMCSA).

 

Electronic logging devices (ELDs) are devices that record the driving hours and status of commercial motor vehicle drivers. ELDs are intended to replace paper logs and ensure compliance with the hours-of-service regulations that limit driver fatigue and prevent accidents. The global electronic logging devices market is expected to grow at a significant rate due to various factors, such as the increasing government mandates to adopt ELDs in various countries, such as the US, Canada, Mexico, and Brazil, to enhance road safety and reduce greenhouse gas emissions.

 

The demand for electronic logging devices (ELDs) have been accelerating due to the rising demand for fleet management solutions that provide real-time data on vehicle location, fuel consumption, driver behaviour, and vehicle diagnostics. The growing adoption of cloud-based and wireless technologies that enable remote access and data transfer between ELDs and fleet management software are among key market trends.

 

Global Electronic Logging Devices (ELDs) Market

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Key Trends and Developments

Rising regulatory compliance for ELD usage, advancements in ELD features, and growing demand for fleet management solutions are boosting the electronic logging devices (ELDs) market growth

 

Date Company News
February 2024 AT&T Introduced a new smart label system to improve real-time visibility within global supply chains
February 2024 FirstNet Authority, AT&T Announced an investment of over USD 8 billion to evolve and expand FirstNet, America's public safety communication network
February 2024 Daimler Truck, Geotab Partnered to integrate Geotab's MyGeotab with DTNA's data-as-a-service technology
January 2024 Teletrac Navman Introduced the IQ Camera, the first camera to receive Transport Certification Australia's Type Approval.
December 2023 Trimble, Sabanto Partnered to deliver high-accuracy positioning systems for enhanced performance in Sabanto's autonomous tractor operations

 

 

Trends Impact
Growing demand for fleet management solutions ELDs help fleet operators to monitor vehicle location, fuel consumption, driver behaviour, and maintenance needs, leading to improved efficiency, safety, and cost savings.
Increasing adoption of cloud based ELD systems Cloud-based ELDs offer more scalability, flexibility, and security than traditional hardware-based ELDs, along with lower costs and easier updates.
Rising regulatory compliance for ELD usage Several regions, such as North America and Asia Pacific have mandated the use of ELDs for commercial vehicles to ensure driver safety and prevent fatigue-related accidents. This creates a huge electronic logging devices (ELDs) market opportunity for providers.
Emergence of advanced ELD features and functionalities ELDs are becoming more integrated with other devices and systems, such as smartphones, tablets, cameras, and navigation systems, to provide enhanced functionality and user experience. Some ELDs also offer artificial intelligence and machine learning capabilities to provide predictive analytics.

 

Global Electronic Logging Devices (ELDs) Market Trends

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 real-time notifications of the vehicle component condition, making maintenance and repair work more manageable. These advantages drive the rate of adoption of ELDs and thus result in electronic logging devices (ELDs) market expansion.

 

Furthermore, the integration of ELDs with mobile devices to monitor the different aspects of automobiles and service requirements is expected to aid the electronic logging devices (ELDs) market value in the coming years. Software developers are progressively focusing on developing applications for smartphones related to electronic logging devices (ELDs) to capitalise on the growing need for vehicle behaviour monitoring. Such apps can synchronise information between digital company logging devices and smartphones of drivers. Therefore, mobile device integration with ELDs will be a key factor for electronic logging devices (ELDs) market development.

 

Additionally, the emergence of advanced features in ELDs, such as voice recognition, biometric authentication, driver scorecards, and crash detection will accelerate electronic logging devices (ELDs) market growth over the forecast period. This is because these features improve driver performance and customer satisfaction.

 

Global Electronic Logging Devices (ELDs) Market By Vehicle Type

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Market Segmentation

Global Electronic Logging Devices (ELDs) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Vehicle Type Light Commercial Vehicle, Truck, Bus
Form Embedded, Integrated
Component Telematics, Engine Module, External Display
Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific

 

Light commercial vehicles hold a significant market share due to increasing demand for last-mile delivery and use of ELDs can reduce fuel consumption

In types of vehicles, light commercial vehicle segment is anticipated to lead the electronic logging devices (ELDs) market share in the forecast period due to the increasing demand for last-mile delivery, e-commerce, and ride-hailing services. Moreover, the adoption of ELDs in light commercial vehicles can help reduce fuel consumption, maintenance costs, and emissions, as well as improve driver behaviour and customer satisfaction.

 

Trucks include semi-trailers, tractor-trailers, dump trucks, tankers, and flatbeds. According to electronic logging devices (ELDs) market analysis, the implementation of ELDs in trucks can help enhance the safety and productivity of drivers and fleet managers, as well as ensure compliance with the federal motor carrier safety administration (FMCSA) mandate in the US and similar regulations in other countries.

 

The ELD market for buses is expected to witness a moderate growth rate during the forecast period, due to the increasing demand for public transportation, tourism, and charter services. The adoption of ELDs in buses can help improve the operational efficiency, performance of bus operators, and provide better service quality and safety for passengers.

 

Embedded and integrated ELDs contributes to market growth due to their reliability, flexibility, and lower maintenance costs

The global electronic logging devices (ELDs) market can be segmented by form into embedded and integrated. Embedded ELDs are installed in the vehicle’s engine control module (ECM) and communicate with the driver’s smartphone or tablet via Bluetooth or USB. Integrated ELDs are connected directly to the vehicle’s dashboard and display the driving data on a screen.

 

The electronic logging devices (ELDs) market estimates that embedded ELDs are more reliable and secure, as they do not depend on the driver’s phone or tablet for connectivity and data transmission. They also have lower upfront costs, as they do not require additional hardware or installation fees. Some examples of embedded ELDs made by electronic logging device companies are Garmin eLog, Omnitracs IVG, and Stoneridge EZ-ELD.

 

Integrated ELDs, on the other side, are more flexible and versatile, as they can be used with any vehicle that has a diagnostic port and a power source. They also have lower maintenance costs, as they can be easily updated and transferred between vehicles. However, they may have higher upfront costs, as they require a dedicated device or a subscription fee for the display and connectivity.

 

Global Electronic Logging Devices (ELDs) Market By Region

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Competitive Landscape

Market leaders are unveiling smart EDL technologies to cater to the evolving landscape of fleet management, further engaging in partnerships to strengthen their market presence

 

Company Name Year Founded Headquarters Products/Services
Trimble Inc. 1978 California, United States Hardware and software solutions for transportation, agriculture, construction, geospatial, and other industries.
Omnitracs, LLC 1988 Texas, United States Cloud-based fleet management solutions, including ELDs, telematics, routing, dispatching, compliance, and analytics.
Teletrac Navman Ltd. 1988 Illinois, United States GPS tracking and fleet management solutions, including ELDs, driver safety, fuel efficiency, and asset tracking.
Geotab Inc. 2000 Oakville, Canada Connected vehicle solutions, including ELDs, telematics, data analytics, and smart city solutions.

 

Other global electronic logging devices (ELDs) market key players include Donlen Corporation, Garmin Ltd., AT&T Inc., WorkWave LLC, and Verizon Communications Inc., among others.

 

Global Electronic Logging Devices (ELDs) Market Analysis by Region

North America is one of the leading regions due to the high adoption rate of ELDs among commercial vehicle operators

The North American region is anticipated to hold a dominant position in the electronic logging devices (ELDs) market due to the high adoption rate of ELDs among commercial vehicle operators, especially in the US and Canada. The implementation of the Federal Motor Carrier Safety Administration (FMCSA) mandate in 2015, which required all drivers of commercial motor vehicles to use ELDs instead of paper logs, has been a major driving factor for the electronic logging devices (ELDs) market growth in this region. Moreover, the presence of leading ELD providers, such as Omnitracs, Trimble, and Geotab, and the increasing demand for fleet management solutions, such as fuel efficiency, driver safety, and vehicle maintenance, are also contributing to the electronic logging devices (ELDs) market expansion in North America.

 

The Asia Pacific electronic logging devices (ELDs) market is anticipated to witness the fastest growth rate due to the rapid development of the transportation and logistics sector, the growing awareness of the benefits of ELDs, and the rising government initiatives to promote road safety and environmental protection. China, India, Japan, and Australia are some of the key markets for ELDs in this region, where the adoption of ELDs is increasing due to the growing need for compliance with regulatory standards, such as the Hours of Service (HOS) and the Driving Time Management System (DTMS). Additionally, the emergence of local ELD vendors, such as Shenzhen Huabao Electronics Technology, Ruptela, and Eroad, and the availability of low-cost ELD solutions are also boosting the electronic logging devices (ELDs) market size in Asia Pacific.

 

The Latin American region is also expected to exhibit a considerable growth rate in the market due to the increasing adoption of ELDs among commercial vehicle operators, especially in Brazil, Mexico, and Argentina. According to electronic logging devices (ELDs) market report, the factors influencing the market’s growth in this region include the growing need for reducing operational costs, enhancing driver productivity, and ensuring compliance with the HOS regulations. Furthermore, the rising demand for telematics solutions, such as vehicle tracking and fuel monitoring, and the presence of many ELD providers, such as Continental, Stoneridge, and Autotrac, are also supporting the electronic logging devices (ELDs) market development in Latin America.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Vehicle Type
  • Form
  • Component
  • Region
Breakup by Vehicle Type
  • Light Commercial Vehicle
  • Truck
  • Bus
Breakup by Form
  • Embedded
  • Integrated
Breakup by Component
  • Telematics
  • Engine Module
  • External Display
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Trimble Inc (NASDAQ: TRMB)
  • Omnitracs, LLC
  • Teletrac Navman Ltd.
  • Geotab Inc.
  • Donlen Corporation
  • Garmin Ltd. (NASDAQ: GRMN)
  • AT&T Inc. (NYSE: T)
  • WorkWave LLC
  • Verizon Communications Inc. (NYSE: VZ)
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Electronic Logging Devices (ELDs) Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Electronic Logging Devices (ELDs) Historical Market (2018-2023) 
    8.3    Global Electronic Logging Devices (ELDs) Market Forecast (2024-2032)
    8.4    Global Electronic Logging Devices (ELDs) Market by Vehicle Type
        8.4.1    Light Commercial Vehicle 
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Truck
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Bus
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Electronic Logging Devices (ELDs) Market by Form
        8.5.1    Embedded 
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Integrated
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Electronic Logging Devices (ELDs) Market by Component
        8.6.1    Telematics
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Engine Module
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    External Display 
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
    8.7    Global Electronic Logging Devices (ELDs) Market by Region     
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Electronic Logging Devices (ELDs) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Electronic Logging Devices (ELDs) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Electronic Logging Devices (ELDs) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Electronic Logging Devices (ELDs) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Electronic Logging Devices  (ELDs) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Trimble Inc (NASDAQ: TRMB)
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Omnitracs, LLC
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Teletrac Navman Ltd.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Geotab Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Donlen Corporation
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Garmin Ltd. (NASDAQ: GRMN)
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    AT&T Inc. (NYSE: T)
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    WorkWave LLC
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Verizon Communications Inc. (NYSE: VZ)
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Electronic Logging Devices (ELDs) Market: Key Industry Highlights, 2018 and 2032
2.    Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
3.    Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
4.    Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Form (USD Billion), 2018-2023
5.    Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Form (USD Billion), 2024-2032
6.    Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Component (USD Billion), 2018-2023
7.    Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Component (USD Billion), 2024-2032
8.    Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Electronic Logging Devices (ELDs) Market Structure

Key Questions Answered in the Report

In 2023, the electronic logging devices (ELDs) market reached an approximate value of USD 14.39 billion.

The electronic logging devices (ELDs) market is expected to grow at a CAGR of 2.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 18.62 billion by 2032.

The major drivers expected to aid market growth are the growing fleet management industry, rising disposable incomes, stringent regulations pertaining to ELDs, increasing acceptance of technology, rising demand from the developing regions, and the growing demand for commercial vehicles.

Key trends aiding market expansion include the integration of smartphones with electronic logging devices technology for monitoring vehicle behaviour, emergence of advanced ELD features, and increasing cases of data breach.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Light commercial vehicles, trucks, and buses are the leading vehicle types that uses electronic logging devices (ELDs).

Embedded and integrated are the significant forms of ELDs.

The major components of ELDs include telematics, engine module, and external display.

Key players in the market are Trimble Inc, Omnitracs, LLC, Teletrac Navman Ltd., Geotab Inc., Donlen Corporation, Garmin Ltd., AT&T Inc., WorkWave LLC, and Verizon Communications Inc., among others.

Analyst Review

The global electronic logging devices (ELDs) market attained a value of USD 14.39 billion in 2023, driven by the growth of the fleet management industry, favourable regulatory policies, and the rising disposable incomes. Aided by the technological advancements and the integration of ELDs with smartphones, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 2.9%. The market is projected to reach USD 18.62 billion by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on vehicle type, the industry can be segmented into light commercial vehicles, trucks, and buses. On the basis of form factor, the industry is bifurcated into embedded and integrated. By component, the industry is segregated into telematics, engine module, and external display. The major regional markets for electronic logging devices (ELDs) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Trimble Inc (NASDAQ: TRMB), Omnitracs, LLC, Teletrac Navman Ltd., Geotab Inc., Donlen Corporation, Garmin Ltd. (NASDAQ: GRMN), AT&T Inc. (NYSE: T), WorkWave LLC, and Verizon Communications Inc. (NYSE: VZ), among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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