The Global Electronic Logging Device (ELD) Market size is expected to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27. According to MarkNtel Advisors Study.
Global Electronic Logging Device (ELD) Market Driver:
Increasing Government Regulations Regarding the Safety of Drivers Vehicles: ELDs accurately record their driving times, making it more comfortable and faster to track, manage, share and improve the accuracy of a driver’s hours of service record, thereby helping drivers be less tired and stay within legally allowed driving hours.
Considering these advantages for the safety of drivers vehicles, governments are moving towards enforcing the ELD mandate. For instance:
- In 2017, the US passed implemented the ELD mandate for all commercial vehicles running in the country.
- On the other hand, the Canadian ELD regulations are likely to be implemented from 2022 onwards.
Hence, these significant initiatives would also encourage other countries to shift toward ELDs, which would drive the global market in the coming years.
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Key Market Reports Highlights
- Market Dimensions Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Electronic Logging Device (ELD) Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- By Vehicle Type
- Light Commercial Vehicle
- Light Trucks
- Light Bus
- Medium Heavy Commercial Vehicle
- Trucks
- Bus
- Trailers
- Others
- Passenger Cars
- Others
- By Installation
- Embedded
- Externally Integrated
- By Components
- Engine Module
- Display
- Telematics
- By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Blue Ink Technology, Inc., ATT 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. are looking forward to strengthening their market positions.
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