Global Electronic Logging Device (ELD) Market Research Report: Forecast (2022-2027)

By Vehicle Type (Light Commercial Vehicles (Light Trucks, Light Buses), Medium & Heavy Commercial Vehicles (Trucks, Buses, Trailers), Passenger Cars), By Installation (Embedded, Externally Integrated)... ... ternally Integrated), By Components (Engine Module, Display, Telematics), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific) By Country (The US, Canada, Mexico, Brazil, Argentina, Germany, The UK, France, Italy, Spain, Russia, Saudi Arabia, UAE, South Africa, Egypt, China, India, Japan, South Korea, Australia), By Company (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 BV, Transflo) Read more

  • Automotive
  • Jan 2022
  • 221
  • PDF, Excel, PPT

Market Definition

An Electronic Logging Device (ELD) is a hardware system deployed in commercial vehicles to record real-time data such as fuel efficiency, driver behavior, Hours of Service (HOS), etc., that allows fleet owners to automatically track all driving activities throughout the day. The increasing adoption of ELDs in commercial vehicles to measure & record driver hours behind the wheel is for public safety primarily, as it relates to drivers falling asleep at the wheel or other such conditions, which could cause any mishap.

Market Insights

The Global Electronic Logging Device (ELD) Market is expected to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27. With the increasing consumer reliance on IT integrated mobility and the burgeoning demand for e-commerce, automotive rentals, & ride-sharing services across the globe, there exists a persistent call for commercial vehicles to integrate ELD technology in fleet management.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 3.85%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, Germany, France, Spain, Italy and Others
Asia-Pacific: China, India, Japan, South Korea, Australia and Others
South America: Brazil, and Argentina
Middle East & Africa:  UAE, Saudi Arabia, South Africa, Egypt
Key Companies Profiled 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 BV, and Transflo.
Unit Denominations USD Million/Billion

 

In the recent past, the Federal Motor Carrier Safety Administration (FMCSA) estimated that implementing the ELD mandate in the US would result in an annual net benefit of more than USD1 billion, mainly by decreasing the amount of required industry paperwork. In addition, e-commerce platforms like Amazon use ELD for their logistics fleet, and products are offered to members of the Amazon Freight Partners Program with a plan to have ELD’s installed in hundreds of tractors & trucks by 2021. Significant investments are witnessed in the ELD’s expansion. For instance:

  • Earlier in October 2019, Volvo Trucks announced its investment in connected vehicle technology and introduced a fully integrated ELD for its trucks through a partnership with a Telematics firm Geotab.
  • In June 2021, Keep Truckin announced that it has raised a USD 190 million funding to expand its business and help its customers with video-based driver safety, GPS tracking, Electronic Logging Device (ELD) compliance, fuel spend management, etc.

Key Trend in the Global Electronic Logging Device (ELD) Market

Thriving E-Commerce Platforms to Boost the Market

The growing customer spending on healthcare & household products and the mounting inclination of consumers toward safe doorstep deliveries of groceries & essentials through E-Commerce platforms due to the Covid-19 pandemic has resulted in the incessant use of E-commerce companies like Amazon, Bazzar.ae, Bashara Care, etc., which, in turn, has devised significant investments in freight expansions of light commercial vehicles.

As a result, the heightening demand for commercial vehicles for travel & logistical services across the globe and rising data falsification among fleet drivers through conventional tracking practices have enabled governments to mandate the use of Electronic Logging Devices (ELDs). Additionally, stringent government regulations such as FMSCA in North America have come into effect, due to which the installation of ELDs in commercial vehicles has been made mandatory. Hence, this shall further fuel the overall market growth of ELDs in the coming years.

  1. Introduction
    1. Vehicle Type Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Electronic Logging Device (ELD)
  5. Global Electronic Logging Device (ELD) Trends & Insights
  6. Global Electronic Logging Device (ELD) Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Electronic Logging Device (ELD) Market Regulations & Policies
  8. Global Electronic Logging Device (ELD) Market Supply Chain Analysis
  9. Global Electronic Logging Device (ELD) Market Hotspots & Opportunities
  10. Global Electronic Logging Device (ELD)Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Vehicle Type
        1. Light Commercial Vehicle
          1. Light Trucks
          2. Light Bus
        2. Medium & Heavy Commercial Vehicle
          1. Trucks
          2. Bus
          3. Trailers
          4. Others
        3. Passenger Cars
        4. Others
      2. By Installation
        1. Embedded
        2. Externally Integrated
      3. By Components
        1. Engine Module
        2. Display
        3. Telematics
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia Pacific
      5. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies, By Revenues
        3. Top 10 Best Selling Brands
  11. North America Electronic Logging Device (ELD) Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Installation
      3. By Components
      4.  By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    4. Canada Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    5. Mexico Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
  12.  South America Electronic Logging Device (ELD) Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Installation
      3. By Components
      4.  By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    4. Argentina Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
  13. Europe Electronic Logging Device (ELD) Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Installation
      3. By Components
      4.  By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of Europe
    3. Germany Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    4. The UK Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    5. France Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    6. Italy Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    7. Spain Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    8. Russia Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
  14. Middle East & Africa Electronic Logging Device (ELD) Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Installation
      3. By Components
      4.  By Country
        1. Saudi Arabia
        2. UAE
        3. Egypt
        4. South Africa
        5. Rest of Middle East & Africa
    3. Saudi Arabia Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    4. UAE Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    5. Egypt Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    6. South Africa Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
  15. Asia Pacific Electronic Logging Device (ELD) Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Vehicle Type
      2. By Installation
      3. By Components
      4.  By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    4. Japan Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    5. India Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    6. South Korea Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
    7. Australia Electronic Logging Device (ELD) Outlook, 2017-2027F
      1. Market Size & Analysis
        1. By Revenues (USD Billion)
      2. Market Share & Analysis
        1. By Vehicle Type
        2. By Components
  16. Global Electronic Logging Device (ELD) Key Strategic Imperatives for Growth & Success
  17. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
  18. Company Profiles
    1. Blue Ink Technology, Inc
    2. AT&T Inc
    3. CarrierWeb LLC
    4. Donlen Corporation
    5. Garmin Ltd
    6. Geotab Inc
    7. KeepTruckin Inc
    8. Omnitracs LLC
    9. ORBCOMM Inc
    10. Pedigree Technologies LLC
    11. Samsara Inc
    12. Stoneridge Inc
    13. Teletrac Navaman US Ltd
    14. TomTom International BV
    15. Transflo
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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