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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.
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.
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.
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.
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.
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.
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:
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Breakup by Form |
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Breakup by Component |
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Breakup by Vehicle Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 United States Electronic Logging Devices (ELDs) Market Analysis
8.1 Key Industry Highlights
8.2 United States Electronic Logging Devices (ELDs) Historical Market (2018-2023)
8.3 United States Electronic Logging Devices (ELDs) Market Forecast (2024-2032)
9 United States Electronic Logging Devices (ELDs) Market by Form
9.1 Embedded
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Integrated
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 United States Electronic Logging Devices (ELDs) Market by Component
10.1 Telematics
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Engine Module
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 External Display
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Electronic Logging Devices (ELDs) Market by Vehicle Type
11.1 Light Commercial Vehicle
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Truck
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Bus
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States Electronic Logging Devices (ELDs) Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Trimble Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Omnitracs, LLC
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Teletrac Navman Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Geotab Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Donlen Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Garmin Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. United States Electronic Logging Devices (ELDs) Market: Key Industry Highlights, 2018 and 2032
2. United States Electronic Logging Devices (ELDs) Historical Market: Breakup by Form (USD Billion), 2018-2023
3. United States Electronic Logging Devices (ELDs) Market Forecast: Breakup by Form (USD Billion), 2024-2032
4. United States Electronic Logging Devices (ELDs) Historical Market: Breakup by Component (USD Billion), 2018-2023
5. United States Electronic Logging Devices (ELDs) Market Forecast: Breakup by Component (USD Billion), 2024-2032
6. United States Electronic Logging Devices (ELDs) Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. United States Electronic Logging Devices (ELDs) Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. United States Electronic Logging Devices (ELDs) Historical Market: Breakup by Region (USD Billion), 2018-2023
9. United States Electronic Logging Devices (ELDs) Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. United States Electronic Logging Devices (ELDs) Market Structure
In 2023, the market reached an approximate value of USD 4.89 billion.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 7.55 billion by 2032.
The market is driven by the increasing demand for ELDs among commercial vehicle drivers and the rising emphasis on vehicle safety and regulations.
The growing technological advancements and the introduction of mandates are the major trends propelling the expansion of the market.
The major regional markets are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The different components are telematics, engine module, and external display, among others.
The key players in the market include Trimble Inc., Omnitracs, LLC, Teletrac Navman Ltd., Geotab Inc., Donlen Corporation, and Garmin Ltd., among others.
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