Acumen Research and Consulting estimates that global electronic logging devices market is expected to reach the market value of around US$ 16.3 Bn by 2027 and is anticipated to grow at a CAGR of around 4.1% in terms of revenue during the forecast period 2020–2027.
Electronic logging devices are electronic hardware that records driving hours by attached to a commercial vehicle engine. The operational efficiency of fleet companies will play a vital role in the world electronic logging equipment market in order to improve their operational performance. Compulsory control of the commercial vehicle will also boost the world demand for electronic logger equipment. The global market for electronic logger equipment is slightly limited and is increasing at a modest pace. However, the market should grow in the near future with technological advances such as the launch of cloud-based ELD.
The report provides analysis of global Electronic Logging Devices market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
In the last few years, due to technological developments, global demand for electronic logging devices has been gradually growing. Increased digitization and the use of telematics technology fuel the growth of the market for electronic logging devices. The challenges that emerge because of the shortage of drivers would need fewer commercial vehicles to carry more freight. High adoption of IT technology and software solutions in the transport sector, will boost the demand for telematics in commercial vehicles. The driving style monitoring features, fuel consumption, and materials safety improve the overall life of commercial vehicles. Connected vehicle trends can improve route & efficiency management for commercial vehicles, especially in the developed countries, creating several opportunities for market share of the electronic logging device. Fleet management companies are working with suppliers for the introduction of such systems, due to the requirements for the deployment of these devices across several regions. Hunter Express, a freight forwarding company, partnered with Omnitracs, a leading ELD provider, to implement these regulatory compliance devices. Such partnerships will affect demand on the ELD market. It is also expected that mandatory regulation relating to commercial vehicles will boost the growth of the global market for electronic logging devices. The general market for electronic logging devices is slightly fragmented in nature and growing at a moderate rate. The software solutions innovations and the introduction of low-cost devices are expected to drive the growth of the market for the augmenting electronic logging system (ELD). Developments in new technologies and platforms are among rising market trends. Additionally, advances in technology such as the launch of cloud-based ELD are expected to grow the market in the near future. The main factor challenging the growth of the market for electronic logging devices, however, is the costs associated with these devices, in particular the embedded systems. The LCV has been in demand due to growth in the middle-class population, particularly in the Asia Pacific countries. The developments in sensor technology, artificial intelligence, and advanced computing capabilities push the implementation of these advanced devices in light commercial vehicles forward.
Regional Stance
Europe is projected to hold a large share of the global demand for electronic logging tools, followed by North America, by Geographically. Throughout Europe, electronic recording systems are also known as digital tachographs, which are designed to record data relating to the vehicle and driver operation procedure. Strict regulations relating to commercial vehicles are expected to increase market demand for electronic devices for logging. Asia Pacific is witnessing a rapid increase in the use of commercial vehicles especially in LCV and is predictable to have considerable potential for the market size of the (ELD) electronic logging device. The region's trucking industry has been experiencing a significant rise. Owing to the increased selling volume of trucks, the BRIC countries will have a positive impact on the growth of industry. In addition, rapid development and industrialization growth is expected to hold demand high.
Report coverage
The market research study on “Electronic Logging Devices Market (Electronic Logging Devices Market By Type: Truck, LCV, Bus; Electronic Logging Devices Market By Component: Telematics Unit, Display, Other; Electronic Logging Devices Market By Form Factor: Embedded, Integrated; Electronic Logging Devices Market By Form Factor: Entry Level, Intermediate, High-End)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insight on the global Electronic Logging Devices market entailing insights on its different market segments.
The global electronic logging devices market is segmented as below:
Market Segmentation
Electronic Logging Devices Market By Vehicle Type
LCV
Truck
Bus
Electronic Logging Devices Market By Component
Display
Telematics Unit
Other (Cable, Connectors, Mounting)
Electronic Logging Devices Market By Form Factor
Embedded
Integrated
Electronic Logging Devices Market By Service Type
Entry Level
Intermediate
High-End
Electronic Logging Devices Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such Trimble, Danlaw Technologies, AT&T, Teletrac Navman, Donlen, Wheels, Garmin, Racelogic, Tomtom Telematics, Masternaut, Intrepid Control Systems, Verizon, WorkWave, Geotab, Merchants Fleet Management, Additional Companies, Omnitracs, Vector Informatik, HEM Data Corporation, Influx Technology.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Electronic Logging Devices
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Electronic Logging Devices Market By Vehicle Type
1.2.2.1. Global Electronic Logging Devices Market Revenue and Growth Rate Comparison By Vehicle Type (2020-2027)
1.2.2.2. Global Electronic Logging Devices Market Revenue Share By Vehicle Type in 2019
1.2.2.3. LCV
1.2.2.4. Truck
1.2.2.5. Bus
1.2.3. Electronic Logging Devices Market By Component
1.2.3.1. Global Electronic Logging Devices Market Revenue and Growth Rate Comparison By Component (2020-2027)
1.2.3.1.1. Display
1.2.3.1.2. Telematics Unit
1.2.3.1.3. Other (Cable, Connectors, Mounting)
1.2.4. Electronic Logging Devices Market By Form Factor
1.2.4.1. Global Electronic Logging Devices Market Revenue and Growth Rate Comparison By Form Factor (2020-2027)
1.2.4.2. Embedded
1.2.4.3. Integrated
1.2.5. Electronic Logging Devices Market By Service Type
1.2.5.1. Global Electronic Logging Devices Market Revenue and Growth Rate Comparison By Service Type (2020-2027)
1.2.5.2. Entry Level
1.2.5.3. Intermediate
1.2.5.4. High-End
1.2.6. Electronic Logging Devices Market By Geography
1.2.6.1. Global Electronic Logging Devices Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.6.2. North America Electronic Logging Devices Market Revenue and Growth Rate(2020-2027)
1.2.6.3. Europe Electronic Logging Devices Market Revenue and Growth Rate(2020-2027)
1.2.6.4. Asia-Pacific Electronic Logging Devices Market Revenue and Growth Rate(2020-2027)
1.2.6.5. Latin America Electronic Logging Devices Market Revenue and Growth Rate(2020-2027)
1.2.6.6. Middle East and Africa (MEA) Electronic Logging Devices Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Electronic Logging Devices Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Electronic Logging Devices Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Electronic Logging Devices Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Electronic Logging Devices Major Manufacturers in 2019
CHAPTER 4. Electronic Logging Devices MARKET By Vehicle Type
4.1. Global Electronic Logging Devices Revenue By Vehicle Type
4.2. LCV
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Truck
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.4. Bus
4.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. Electronic Logging Devices MARKET By Component
5.1. Global Electronic Logging Devices Revenue By Component
5.2. Display
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Telematics Unit
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.4. Other (Cable, Connectors, Mounting)
5.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. Electronic Logging Devices MARKET By Form Factor
6.1. Global Electronic Logging Devices Revenue By Form Factor
6.2. Embedded
6.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
6.3. Integrated
6.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 7. Electronic Logging Devices MARKET By Service Type
7.1. Global Electronic Logging Devices Revenue By Service Type
7.2. Entry Level
7.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
7.3. Intermediate
7.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
7.4. High-End
7.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 8. NORTH AMERICA Electronic Logging Devices MARKET BY COUNTRY
8.1. North America Electronic Logging Devices Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. North America Electronic Logging Devices Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. U.S.
8.3.1. U.S. Electronic Logging Devices Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
8.3.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
8.3.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
8.4.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
8.4.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
CHAPTER 9. EUROPE Electronic Logging Devices MARKET BY COUNTRY
9.1. Europe Electronic Logging Devices Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Europe Electronic Logging Devices Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
9.3.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
9.3.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
9.4.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
9.4.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
9.5.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
9.5.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
9.6.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
9.6.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
9.6.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
9.7.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
9.7.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
9.7.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
CHAPTER 10. ASIA-PACIFIC Electronic Logging Devices MARKET BY COUNTRY
10.1. Asia-Pacific Electronic Logging Devices Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Asia-Pacific Electronic Logging Devices Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.3.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
10.3.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.4.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
10.4.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.5.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
10.5.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.6.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.6.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
10.6.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.7.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.7.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
10.7.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
10.8.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
10.8.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
10.8.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
CHAPTER 11. LATIN AMERICA Electronic Logging Devices MARKET BY COUNTRY
11.1. Latin America Electronic Logging Devices Market Revenue and Growth Rate, 2020 - 2027 ($Million)
11.2. Latin America Electronic Logging Devices Market Revenue Share Comparison, 2020 & 2027 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.3.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
11.3.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
11.3.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.4.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
11.4.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
11.4.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
11.5.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
11.5.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
11.5.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA Electronic Logging Devices MARKET BY COUNTRY
12.1. Middle East & Africa Electronic Logging Devices Market Revenue and Growth Rate, 2020 - 2027 ($Million)
12.2. Middle East & Africa Electronic Logging Devices Market Revenue Share Comparison, 2020 & 2027 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
12.3.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
12.3.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
12.3.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
12.4.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
12.4.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
12.4.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Vehicle Type, 2020 - 2027 ($Million)
12.5.2. Market Revenue and Forecast By Component, 2020 - 2027 ($Million)
12.5.3. Market Revenue and Forecast By Form Factor, 2020 - 2027 ($Million)
12.5.4. Market Revenue and Forecast By Service Type, 2020 - 2027 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. Trimble
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Danlaw Technologies
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. AT&T
3.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Teletrac Navman
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Donlen
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Wheels
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Garmin
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Racelogic
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Tomtom Telematics
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Masternaut
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Intrepid Control Systems
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Type Portfolio
13.11.5. Key Developments
13.11.6. Strategies
13.12. Others
13.12.1. Company Snapshot
13.12.2. Overview
13.12.3. Financial Overview
13.12.4. Type Portfolio
13.12.5. Key Developments
13.12.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
