United States Electronic Logging Devices (ELDs) Market Report and Forecast 2024-2032

United States Electronic Logging Devices (ELDs) Market Outlook

The United States electronic logging devices (ELDs) market size reached approximately USD 4.89 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of around USD 7.55 billion by 2032.

Key Trends in the Market

Electronic logging devices (ELDs) are electronic tools used by commercial motor vehicle drivers to track and record their hours of service (HOS) in a more automated and accurate manner. They are designed to replace traditional paper logbooks and are mandated by law in certain jurisdictions like the United States and Canada.

An ELD autonomously records driving hours by syncing with the vehicle engine, facilitating precise and simplified recording of Hours of Service (HOS). They track when the vehicle is in motion, when the engine is running, and when the driver is resting.

• The implementation of the ELD mandate by the Federal Motor Carrier Safety Administration (FMCSA)  in December 2017 has been a pivotal historical factor propelling the United States electronic logging devices (ELDs) market growth. This mandate requires commercial motor carriers and drivers to use ELDs to record their hours of service (HOS) electronically. The phased enforcement of this regulation has compelled companies to adopt ELDs, boosting the market growth.

• The rapid evolution of technology, including IoT (Internet of Things), cloud computing, AI (Artificial Intelligence), and telematics, significantly enhances the United States electronic logging devices (ELDs) market demand. Advanced ELD systems integrate with other fleet management software, providing comprehensive insights into vehicle performance, driver behaviour, and maintenance needs. The integration of these technologies has enhanced data analytics and predictive maintenance capabilities.

• ELDs offer real-time monitoring and recording of driving hours, replacing manual logbooks. This shift has significantly increased efficiency by reducing paperwork, errors, and the time required for compliance. Fleet managers can optimise routes, monitor driver behaviour, and ensure compliance, leading to cost savings and improved operations.

United States Electronic Logging Devices (ELDs) Market Segmentation

Based on form, the market is bifurcated into embedded and integrated. The market categorisation, based on components, includes telematics, engine modules, and external display, among others. The market, based on vehicle type, is segmented into light commercial vehicles, trucks, and buses, among others. The major regional markets for electronic logging devices (ELDs) in United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States electronic logging devices (ELDs) market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Trimble Inc.

• Omnitracs, LLC

• Teletrac Navman Ltd.

• Geotab Inc.

• Donlen Corporation

• Garmin Ltd.

• Others

Market Share by Vehicle Type

According to the United States electronic logging devices (ELDs) market analysis, commercial vehicles are expected to be the largest segment to use ELDs owing to the rising emphasis on safety and regulation by the government.

The use of ELD helps improve road safety by ensuring proper driver rest time, reducing chances of accidents due to fatigue. Moreover, implementation of the mandate has significantly increased efficiency by reducing paperwork, errors, and the time required for compliance.

Market Share by Region

The southeast region of the country is expected to have a significant influence on the United States electronic logging devices (ELDs) market share during the forecast period. The dominance of this region can be attributed to the presence of a large number of commercial and private trucks in states like California.

The utilisation of ELDs is expected to be high in the region as, according to the mandate, drivers are required to record their hours of service (HOS) in order to enable real-time monitoring and recording of driving hours, replacing manual logbooks.

Following the demand for ELDs, some providers have expanded beyond basic compliance-focused ELDs to incorporate value-added services like integrated fleet management solutions, customisable reporting, and customer support, catering to the needs of diverse fields.

Competitive Landscape

Trimble Inc. is a technology company specialising in geospatial solutions, construction, agriculture, transportation, and logistics. Founded in 1978, the company focuses on advanced positioning solutions, utilising GPS, lasers, optical, and inertial technologies. Trimble offers innovative fleet management software, telematics, and transportation management systems for better route optimisation, asset tracking, and driver safety.

Omnitracs is a leading provider of fleet management solutions, specialising in transportation and logistics. The company also focuses on enhancing fleet safety, efficiency, and compliance by providing data-driven insights on fleet performance, driver behaviour, and fuel efficiency. Its products include ELDs, telematics devices, and compliance solutions aimed at assisting fleets in adhering to regulations and improving operational efficiency.

Teletrac Navman is a provider of GPS-based fleet management solutions, specialising in location-based technology and software for fleet optimisation. Formed from the merger of Teletrac and Navman Wireless, the company offers comprehensive fleet management solutions. The company caters to a broad spectrum of industries with a focus on transportation, construction, and services requiring fleet management.

Other key players in the United States electronic logging devices (ELDs) market are Geotab Inc., Donlen Corporation, and Garmin Ltd., among others.

Key Highlights of the Report