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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 (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Electronic Logging Devices (ELDs) Market Outlook
The global electronic logging devices (ELDs) market attained USD 13.98 billion in 2022, driven by new vehicle sales and aftermarket operation. The market is projected to reach USD 14.39 billion by 2028, growing at a CAGR of 2.91% over the 2023-2028 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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 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 (2018-2022)
8.3 Global Electronic Logging Devices (ELDs) Market Forecast (2023-2028)
8.4 Global Electronic Logging Devices (ELDs) Market by Vehicle Type
8.4.1 Light Commercial Vehicle
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Truck
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Bus
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Electronic Logging Devices (ELDs) Market by Form
8.5.1 Embedded
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Integrated
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Electronic Logging Devices (ELDs) Market by Component
8.6.1 Telematics
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Engine Module
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 External Display
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Electronic Logging Devices (ELDs) Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Electronic Logging Devices (ELDs) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Electronic Logging Devices (ELDs) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Electronic Logging Devices (ELDs) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Electronic Logging Devices (ELDs) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Electronic Logging Devices (ELDs) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
3. Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
4. Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Form (USD Billion), 2018-2022
5. Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Form (USD Billion), 2023-2028
6. Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Component (USD Billion), 2018-2022
7. Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Component (USD Billion), 2023-2028
8. Global Electronic Logging Devices (ELDs) Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Electronic Logging Devices (ELDs) Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Electronic Logging Devices (ELDs) Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Electronic Logging Devices (ELDs) Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Electronic Logging Devices (ELDs) Market Structure
Key Questions Answered in the Report
In 2022, the global electronic logging devices (ELDs) market attained a value of nearly USD 13.98 billion.
The market is projected to grow at a CAGR of 2.91% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 14.39 billion by 2028.
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.
The key market trends guiding the growth of the global electronic logging devices (ELDs) market include the integration of smartphones with electronic logging devices technology for monitoring vehicle behaviour and the growing research and development activities.
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 of electronic logging devices (ELDs) in the market.
Embedded and integrated are the significant form factors in the market.
The major components of the product include telematics, engine module, and external display.
The major 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 13.98 billion in 2022, 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 2023-2028, growing at a CAGR of 2.91%. The market is projected to reach USD 14.39 billion by 2028.
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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