Quick Overview of the Global Electronic Logging Device (ELD) Market Analysis

The  Global Electronic Logging Device (ELD) Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of Electronic Logging Device (ELD) Industry (2022-27): Reveals Further Growth &Market Expansion

According to the most recent study, the Global Electronic Logging Device (ELD) Market projected to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022-27.

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Growth Restraint: High Initial Costs of Vehicles with Pre-Installed ELDs

Embedded ELDs used in commercial vehicles are costlier than the externally integrated ones since they consist of a touchscreen display to offer the required information and are highly accurate & reliable. The companies operating in the commercial vehicle sector would take some more time to opt for vehicles with pre-installed ELDs and shift to a fully-digital mode of operations, owing to their high costs. Hence, the cost associated with ELDs is the prime challenge to the overall market growth.

Electronic Logging Device (ELD) Market Segmentation Analysis

-By Vehicle Type

  • Light Commercial Vehicle
  • Medium & Heavy Commercial Vehicle
  • Passenger Cars
  • Others

-By Installation

  • Embedded
  • Externally Integrated

-By Components

  • Engine Module
  • Display
  • Telematics

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Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia Pacific

Of them all, North America has been portraying a noticeable market growth since 2017. The United States completely dominated the regional market, with the share exceeding 80% in 2021. The ELD mandate for commercial vehicles was passed & implemented in the country in December 2017, followed by Canada, which came in effect from June 2021. The prime purpose of the ELD mandate is to create a safe environment for commercial drivers, reduce driver fatigue, enforce Hours of Service (HOS) rules, and minimize road accidents.

Key Players and Competitive Strategies in the Electronic Logging Device (ELD) Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:

  • Blue Ink Technology, Inc
  • AT&T Inc
  • CarrierWeb LLC
  • Donlen Corporation
  • Garmin Ltd
  • Geotab Inc
  • KeepTruckin Inc
  • Omnitracs LLC
  • ORBCOMM Inc
  • Pedigree Technologies LLC
  • Samsara Inc
  • Stoneridge Inc
  • Teletrac Navaman US Ltd
  • TomTom International B.V.
  • Transflo

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Recent Developments by Leading Companies:

  • In March 2018, Samsara raised USD 50 million from General Catalyst & Andreessen Horowitz to promote expansion in its logistics management, coupled with the transportation business, ie, adding over 1700 new customers each quarter. This funding intends to scale customer support while innovating new technologies to serve thousands of new customers by expanding the platform with new sensors, software, and AI-driven data analytics.
  • Moreover, in July 2021, Samsara partnered with EVgo, the largest public Electric Vehicle (EV) fast-charging network in the US, to help consumers augment their transition to EVs.

Key Report Highlights

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Key Questions Answered in the Research Report

  1. What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography and product adoption?
  5. How has the competition been shaping up across various regions?
  6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2022-27?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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