Electronic Logging Device (ELD) Market Thrives, Anticipates 3.85% CAGR Growth by 2027

 

Market Overview: Global Electronic Logging Device (ELD) Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Electronic Logging Device (ELD) Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Electronic Logging Device (ELD) Market Insights 2022-27

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.

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Top Players in the Electronic Logging Device (ELD) Market:

  • 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

Segmentation Analysis of Electronic Logging Device (ELD) Market

Electronic Logging Device (ELD) Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Vehicle Type

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

The Light Commercial Vehicles segment is expected to gain significant momentum in the Global Electronic Logging Device Market during 2022-27, owing to the increasing demand for digitally integrated solutions in the automotive sector and expanding logistics chains. Operational expenses are a crucial part of any business strategy, and fleet managers always intend to minimize the running & maintenance costs of vehicles without impacting the outcomes.

Hence, to minimize operational losses & expenses, fleet managers are opting for advanced fleet tracking & preventive technologies to achieve cost efficiency. Additionally, advancements in automotive electronics and stringent government regulations for passengers & vehicle drivers shall also contribute to the overall market growth during 2022-2027.

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-By Installation

  • Embedded
  • Externally Integrated

-By Components

  • Engine Module
  • Display
  • Telematics

A Comprehensive Geographical Analysis:

-By Region

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

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.

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We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 13.85 diverse industrial verticals.

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