Electronic Logging Device Market By Vehicle Type (Trucks, Buses, Light Commercial Vehicle), By Component (Display, Telematics Unit, Others), By Form Factor (Embedded, Integrated), By Deployment (Vehicle-based, Cloud-based) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Growing demand for vehicle data monitoring to foster electronic logging device market

The growing need to improve commercial vehicles' operation efficiency is driving the world's electronic logging device market. Electronic logging device (ELD) technology is used in commercial vehicles, trucks, and buses to record driving time, hours of service (HoS), capture data on vehicle engine, movement & miles driven, and driver I.D. By using ELDs in their vehicles, drivers benefit from a reduced fuel cost reduction, increased driver productivity, and vehicle diagnostics in real time.  

Moreover, with the advancement in technology, market players have developed a cloud-based ELD that is further easing the market demand. However, unskilled drivers and ELD's high initial cost obstruct market growth. Overall, the global electronic logging device market accounted for US$ 12.04 Bn in 2018 and was estimated to grow with a CAGR of 5.1% during the forecast period.

Market Snapshot

Vehicle Type Segment Analysis

Truck segment to register major share during the forecast period.

Among the vehicle types divided into the truck, bus, and LCV, the truck segment contributes a major share in the market due to the higher number of trucks equipped with ELD devices. However, the lack of skilled drivers and their smooth transition from AOBRDS to ELD is a major concern for the slow adoption rate expected to hamper this segment's growth in the long run. In addition, growth in the global middle-class population and their increasing disposable income are expected to drive the LCV segment towards a significant growth rate during the forecast period.

Moreover, in July 2019, Federal Motor Carrier Safety Administration (FMCSA) denied the request to exempt small carriers from the ELD mandate. This has further added the growth opportunity in the adoption rate in the LCV segment. This has further expected to drive the segment growth during the forecast period. 

Regional Analysis

Europe the largest & North America, the fastest market.

On the basis of geography, the global electronic logging device market is further segmented into North America, Europe, Asia Pacific, and the Rest of the World. In 2018, Europe captured the largest share of the global market. Mandatory ELD installation rule in Europe dates back to 2006, helping the market grow. In addition, digital tachographs were made compulsory in 27 European countries for commercial vehicles. Further, the well-established automotive industry and strict transportation laws are helping the region to capture a major share of the market. 

Further, with the passage of the ELD-compliance law by the U.S. federal government, U.S. commercial vehicle drivers must use ELD mandatorily by 16th December 2019. This strict federal government law is driving the high demand for ELD devices in the region. Moreover, major players in the market, such as Donlen, Geotab, Inc., Garmin Ltd., Trimble Inc., and AT&T, are situated in the region. This has further added advantages to growing the region at the fastest rate. 

Key Industry Development: 

  • In January 2019, Geotab Inc., a global leader in IoT and connected vehicle transportation, in partnership with Eleos, a SaaS-based transportation software developer company, announced the launch of UNIFY, designed for class 8 fleet transport and logistic applications. This new integrated solution provides customized open fleet management systems and FMCSA- compliant ELD. 
  • In November 2019, Geotab Inc. acquired India, a Spanish engineering firm that specialized in integrated technology for heavy trucks. With this acquisition, Geotab Inc. has strongly entered the market of Europe, and the company is expecting growth in its market share in the region. 

Emerging partnership trend is keeping the market competitive.

The overall electronic logging device market is slightly fragmented, and market players are focusing on the partnership and acquisition of other small and medium players to increase their market share. Omnitracs (U.S.), Trimble Inc. (U.S.), Geotab Inc. (Canada), and Teletrac Navman U.S. Ltd are some of the leading players in the markets. Following is the list of major companies covered in this report.

List of Companies Covered:

  • AT&T
  • Samsara Networks, Inc.
  • Omnitracs
  • Trimble Inc.
  • Teletrac Navman US Ltd
  • Garmin Ltd.
  • Geotab Inc.
  • Donlen
  • Pedigree Technologies
  • and Others 

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

Segmentation Vehicle Type Segment (2017-2027; US$ Bn)

  • Trucks
  • Buses
  • Light Commercial Vehicle (LCV)

 Component Segment (2017-2027; US$ Bn)

  • Display
  • Telematics Unit
  • Others

 Form Factor Segment (2017-2027; US$ Bn)

  • Embedded
  • Integrated

 Deployment Segment (2017-2027; US$ Bn)

  • Vehicle-based
  • Cloud-based

 Geography Segment (2017–2027; US$ Bn)

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to understand the global electronic logging device market better. In addition, the global report also comprises a graphical representation of a competitive landscape based on market initiatives and strategies, product portfolio, and business strengths. 

Unique data points of this report

  • Recent trends across different regions in terms of the development of the electronic logging device market
  • Attractive investment proposition for application segment as well as geography

Frequently Asked Questions:

The market for Electronic Logging Device is expected to reach US$ 12.04 Bn in 2028.

The Electronic Logging Device market is expected to see significant CAGR growth over the coming years, at 5.1%.

The report is forcasted from 2019-2027.

The base year of this report is 2018.

AT&T, Samsara Networks Inc., Omnitracs, Trimble Inc., Teletrac Navman US Ltd, ORBCOMM, Garmin Ltd. are some of the major players in the global market.

Choose License Type
Trusted By
Published Date:  Feb 2020
Category:  Automotive & Transportation
Report ID:   60174
Report Format:   PDF
Pages:   120
Rating:    4.4 (66)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support