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Global Electronic Logging Devices (ELDs) Market: Light Commercial Vehicle, Truck, Bus; By Form: Embedded, Integrated; By Component: Telematics, Engine Module, External Display; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Electronic Logging Devices (ELDs) 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 2022-2027 forecast period.
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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.
Market Segmentation
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.
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The industry can be broadly categorised based on its vehicle type into:
- Light Commercial Vehicle
- Truck
- Bus
The industry can be divided based on its form factor as:
- Embedded
- Integrated
Based on the components, the industry can be divided into:
- Telematics
- Engine Module
- External Display
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.
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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:
- Trimble Inc (NASDAQ: TRMB)
- Omnitracs, LLC
- Teletrac Navman Ltd.
- Geotab Inc.
- Donlen Corporation
- Garmin Ltd. (NASDAQ: GRMN)
- Verizon Communications Inc. (NYSE: VZ)
- AT&T Inc. (NYSE: T)
- WorkWave LLC
- Others
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vehicle Type, Form Factor, Component, Region |
| Breakup by Vehicle Type | Light Commercial Vehicle, Truck, Bus |
| Breakup by Form Factor | Embedded, Integrated |
| Breakup by Component | Telematics, Engine Module, External Display |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| 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), Verizon Communications Inc. (NYSE: VZ), AT&T Inc. (NYSE: T), WorkWave LLC, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Industry Opportunities and Challenges
8 Global Electronic Logging Devices (ELDs) Market Analysis
8.1 Key Industry Highlights
8.2 Global Electronic Logging Devices (ELDs) Historical Market (2017-2021)
8.3 Global Electronic Logging Devices (ELDs) Market Forecast (2022-2027)
8.4 Global Electronic Logging Devices (ELDs) Market by Vehicle Type
8.4.1 Light Commercial Vehicle
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Truck
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Bus
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Electronic Logging Devices (ELDs) Market by Form
8.5.1 Embedded
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Integrated
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Electronic Logging Devices (ELDs) Market by Component
8.6.1 Telematics
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Engine Module
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 External Display
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.7 Global Electronic Logging Devices (ELDs) Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Trimble Inc (NASDAQ: TRMB)
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Omnitracs, LLC
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Teletrac Navman Ltd.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Geotab Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Donlen Corporation
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Garmin Ltd. (NASDAQ: GRMN)
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 AT&T Inc. (NYSE: T)
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 WorkWave LLC
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Verizon Communications Inc. (NYSE: VZ)
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Electronic Logging Devices (ELDs) Market: Key Industry Highlights, 2017 and 2027
2. Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Vehicle Type (USD Billion), 2017-2021
3. Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Vehicle Type (USD Billion), 2022-2027
4. Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Form (USD Billion), 2017-2021
5. Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Form (USD Billion), 2022-2027
6. Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Component (USD Billion), 2017-2021
7. Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Component (USD Billion), 2022-2027
8. Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Region (USD Billion), 2017-2021
9. Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Region (USD Billion), 2022-2027
10. North America Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2017-2021
11. North America Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Europe Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Europe Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Asia Pacific Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Asia Pacific Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Latin America Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Latin America Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Middle East and Africa Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Middle East and Africa Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Global Electronic Logging Devices (ELDs) Market Structure
Key Questions Answered in the Report
In 2020, the global electronic logging devices (ELDs) market attained a value of nearly USD 13.2 billion.
The market is projected to grow at a CAGR of 2.91% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 15.6 billion by 2026.
The major drivers of the industry, such as 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, are expected to aid the market growth.
The key market trends guiding the growth of the ELDs market include the integration of smartphones with electronic logging devices technology for monitoring vehicle behaviour and the growing R&D activities.
The major regions in the industry 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 of electronic logging devices (ELDs) in the industry.
Embedded and integrated are the significant form factors in the industry.
The major components of the product include telematics, engine module, and external display.
The major players in the industry are 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.
Analyst Review
The global electronic logging devices (ELDs) market attained a value of USD 13.2 billion in 2020, 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 2022-2027, growing at a CAGR of 2.91%. The market is projected to reach USD 15.6 billion by 2026.
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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