The automotive electronic logging devices (ELDs) market size has grown strongly in recent years. It will grow from $13.09 billion in 2023 to $13.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historic period can be attributed to several factors, including the increased adoption of telematics solutions, growing concerns regarding driver fatigue management, the expansion of the gig economy and last-mile delivery services, the necessity for accurate tracking of hours of service, and the rising demand for comprehensive compliance reporting.
The automotive electronic logging device market size is expected to see strong growth in the next few years. It will grow to $17.4 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to several factors, including an increasing emphasis on efficiency and productivity in the transportation industry, a growing focus on supply chain visibility, a rising demand for solutions that monitor driver behavior, the expanding transportation and logistics sector, and increased investment in smart transportation infrastructure. Major trends expected in this period include technological advancements in ELD hardware, a shift towards paperless recordkeeping, the development of mobile ELD applications, the expansion of the commercial trucking industry, and advancements in data security and privacy measures.
The expanding transportation and logistics sector is poised to drive significant growth within the automotive electronic logging device (ELD) market. Transportation and logistics encompass the efficient movement and management of goods, people, and resources from one location to another. This sector's demand is propelled by the expansion of e-commerce and the need for streamlined supply chain management. ELD systems offer real-time monitoring capabilities, empowering fleet managers to track vehicle status and position, monitor driver behavior, and receive alerts for potential issues such as unauthorized vehicle use or excessive idling. By automating the collection and storage of critical data related to driver activity and vehicle operations, ELDs streamline record-keeping processes in the transportation and logistics sectors. For instance, as indicated by the 2023 State of Logistics Report by Logistics Management in July 2023, commercial logistics expenses in the United States surged to $2.3 trillion over the year 2022, marking a notable 19.6% increase from 2021. This robust growth underscores the pivotal role of the transportation and logistics sector in driving the expansion of the automotive electronic logging device market.
Major companies are focusing on developing advanced products such as the Vehicle Link ELD. This compact device offers features such as hours of service (HOS) reporting and driver vehicle inspection report (DVIR) logs, providing fleet managers with comprehensive monitoring capabilities. For example, Rand McNally introduced the Vehicle Link ELD in May 2022, designed to enable fleet managers to check truck location and vehicle status efficiently. This ELD plugs into a truck's diagnostic port and pairs with a mobile app, allowing for seamless transmission of HOS information and electronic vehicle inspection reports. Such innovations not only improve compliance and safety measures but also enhance operational efficiency in fleet management.
In June 2021, Solera Holdings Inc., a leading technology company, made strategic acquisitions of Omnitracs, DealerSocket, and eDriving to strengthen its position in the automotive technology landscape. With Omnitracs being a prominent manufacturer of automotive ELDs as part of its fleet management solutions, these acquisitions enable Solera to offer comprehensive vehicle lifecycle solutions and bridge the gap between vehicle and driver performance on a global scale.
Major companies operating in the automotive electronic logging device market are Verizon Communications Inc., AT&T Inc., Garmin Ltd., Trimble Inc., Stoneridge Inc., Donlen LLC, Geotab Inc., Omnitracs LLC, WorkWave LLC, CalAmp Corporation, Spireon Inc., Motive Technologies Inc., MiX Telematics Limited, Samsara Inc., EROAD Inc., Azuga Inc., GPS Insight LLC, Rand McNally, Trucker Path Inc., Whip Industries Inc., Fleet Complete Inc., Idelic Inc., Teletrac Navman US Ltd.
North America was the largest region in the automotive electronic logging device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive electronic logging device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the automotive electronic logging device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Automotive electronic logging devices (ELDs) are digital tools utilized in the transportation industry to meticulously record a commercial driver's hours of service (HOS) and vehicle data. These devices supplant traditional paper logbooks, thereby improving accuracy and compliance with regulations while simultaneously minimizing the likelihood of errors.
The primary components of automotive electronic logging devices (ELDs) include display and telematics units. The display unit serves as the user interface, presenting essential data such as driving hours, vehicle diagnostics, and navigation information. These units come in various form factors, including embedded and integrated displays, and offer a range of services from entry-level to high-end. They are utilized across various vehicle types, including light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
The automotive electronic logging device market research report is one of a series of new reports that provides automotive electronic logging device market statistics, including automotive electronic logging device industry global market size, regional shares, competitors with a automotive electronic logging device market share, detailed automotive electronic logging device market segments, market trends and opportunities, and any further data you may need to thrive in the automotive electronic logging device industry. This automotive electronic logging device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive electronic logging device market consists of sales of onboard computers, GPS (global positioning system) modules, vehicle interface adapters, sensors, antennas, cables, and mounting accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The automotive electronic logging device market size is expected to see strong growth in the next few years. It will grow to $17.4 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to several factors, including an increasing emphasis on efficiency and productivity in the transportation industry, a growing focus on supply chain visibility, a rising demand for solutions that monitor driver behavior, the expanding transportation and logistics sector, and increased investment in smart transportation infrastructure. Major trends expected in this period include technological advancements in ELD hardware, a shift towards paperless recordkeeping, the development of mobile ELD applications, the expansion of the commercial trucking industry, and advancements in data security and privacy measures.
The expanding transportation and logistics sector is poised to drive significant growth within the automotive electronic logging device (ELD) market. Transportation and logistics encompass the efficient movement and management of goods, people, and resources from one location to another. This sector's demand is propelled by the expansion of e-commerce and the need for streamlined supply chain management. ELD systems offer real-time monitoring capabilities, empowering fleet managers to track vehicle status and position, monitor driver behavior, and receive alerts for potential issues such as unauthorized vehicle use or excessive idling. By automating the collection and storage of critical data related to driver activity and vehicle operations, ELDs streamline record-keeping processes in the transportation and logistics sectors. For instance, as indicated by the 2023 State of Logistics Report by Logistics Management in July 2023, commercial logistics expenses in the United States surged to $2.3 trillion over the year 2022, marking a notable 19.6% increase from 2021. This robust growth underscores the pivotal role of the transportation and logistics sector in driving the expansion of the automotive electronic logging device market.
Major companies are focusing on developing advanced products such as the Vehicle Link ELD. This compact device offers features such as hours of service (HOS) reporting and driver vehicle inspection report (DVIR) logs, providing fleet managers with comprehensive monitoring capabilities. For example, Rand McNally introduced the Vehicle Link ELD in May 2022, designed to enable fleet managers to check truck location and vehicle status efficiently. This ELD plugs into a truck's diagnostic port and pairs with a mobile app, allowing for seamless transmission of HOS information and electronic vehicle inspection reports. Such innovations not only improve compliance and safety measures but also enhance operational efficiency in fleet management.
In June 2021, Solera Holdings Inc., a leading technology company, made strategic acquisitions of Omnitracs, DealerSocket, and eDriving to strengthen its position in the automotive technology landscape. With Omnitracs being a prominent manufacturer of automotive ELDs as part of its fleet management solutions, these acquisitions enable Solera to offer comprehensive vehicle lifecycle solutions and bridge the gap between vehicle and driver performance on a global scale.
Major companies operating in the automotive electronic logging device market are Verizon Communications Inc., AT&T Inc., Garmin Ltd., Trimble Inc., Stoneridge Inc., Donlen LLC, Geotab Inc., Omnitracs LLC, WorkWave LLC, CalAmp Corporation, Spireon Inc., Motive Technologies Inc., MiX Telematics Limited, Samsara Inc., EROAD Inc., Azuga Inc., GPS Insight LLC, Rand McNally, Trucker Path Inc., Whip Industries Inc., Fleet Complete Inc., Idelic Inc., Teletrac Navman US Ltd.
North America was the largest region in the automotive electronic logging device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive electronic logging device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the automotive electronic logging device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Automotive electronic logging devices (ELDs) are digital tools utilized in the transportation industry to meticulously record a commercial driver's hours of service (HOS) and vehicle data. These devices supplant traditional paper logbooks, thereby improving accuracy and compliance with regulations while simultaneously minimizing the likelihood of errors.
The primary components of automotive electronic logging devices (ELDs) include display and telematics units. The display unit serves as the user interface, presenting essential data such as driving hours, vehicle diagnostics, and navigation information. These units come in various form factors, including embedded and integrated displays, and offer a range of services from entry-level to high-end. They are utilized across various vehicle types, including light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).
The automotive electronic logging device market research report is one of a series of new reports that provides automotive electronic logging device market statistics, including automotive electronic logging device industry global market size, regional shares, competitors with a automotive electronic logging device market share, detailed automotive electronic logging device market segments, market trends and opportunities, and any further data you may need to thrive in the automotive electronic logging device industry. This automotive electronic logging device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive electronic logging device market consists of sales of onboard computers, GPS (global positioning system) modules, vehicle interface adapters, sensors, antennas, cables, and mounting accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Automotive Electronic Logging Device Market Characteristics3. Automotive Electronic Logging Device Market Trends and Strategies32. Global Automotive Electronic Logging Device Market Competitive Benchmarking33. Global Automotive Electronic Logging Device Market Competitive Dashboard34. Key Mergers and Acquisitions in the Automotive Electronic Logging Device Market
4. Automotive Electronic Logging Device Market - Macro Economic Scenario
5. Global Automotive Electronic Logging Device Market Size and Growth
6. Automotive Electronic Logging Device Market Segmentation
7. Automotive Electronic Logging Device Market Regional and Country Analysis
8. Asia-Pacific Automotive Electronic Logging Device Market
9. China Automotive Electronic Logging Device Market
10. India Automotive Electronic Logging Device Market
11. Japan Automotive Electronic Logging Device Market
12. Australia Automotive Electronic Logging Device Market
13. Indonesia Automotive Electronic Logging Device Market
14. South Korea Automotive Electronic Logging Device Market
15. Western Europe Automotive Electronic Logging Device Market
16. UK Automotive Electronic Logging Device Market
17. Germany Automotive Electronic Logging Device Market
18. France Automotive Electronic Logging Device Market
19. Italy Automotive Electronic Logging Device Market
20. Spain Automotive Electronic Logging Device Market
21. Eastern Europe Automotive Electronic Logging Device Market
22. Russia Automotive Electronic Logging Device Market
23. North America Automotive Electronic Logging Device Market
24. USA Automotive Electronic Logging Device Market
25. Canada Automotive Electronic Logging Device Market
26. South America Automotive Electronic Logging Device Market
27. Brazil Automotive Electronic Logging Device Market
28. Middle East Automotive Electronic Logging Device Market
29. Africa Automotive Electronic Logging Device Market
30. Automotive Electronic Logging Device Market Competitive Landscape and Company Profiles
31. Automotive Electronic Logging Device Market Other Major and Innovative Companies
35. Automotive Electronic Logging Device Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Automotive Electronic Logging Device Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on automotive electronic logging device market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for automotive electronic logging device? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive electronic logging device market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Component: Display; Telematics Unit2) by Form Factor: Embedded; Integrated
3) by Service Type: Entry Level; Intermediate; High End
4) by Vehicle Type: Light Commercial Vehicles (LCVs); Heavy Commercial Vehicles (HCVs)
Key Companies Mentioned: Verizon Communications Inc; AT&T Inc; Garmin Ltd; Trimble Inc; Stoneridge Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Verizon Communications Inc
- AT&T Inc
- Garmin Ltd
- Trimble Inc
- Stoneridge Inc
- Donlen LLC
- Geotab Inc
- Omnitracs LLC
- WorkWave LLC
- CalAmp Corporation
- Spireon Inc
- Motive Technologies Inc
- MiX Telematics Limited
- Samsara Inc
- EROAD Inc
- Azuga Inc
- GPS Insight LLC
- Rand McNally
- Trucker Path Inc
- Whip Industries Inc
- Fleet Complete Inc
- Idelic Inc
- Teletrac Navman US Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | May 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 13.83 Billion |
Forecasted Market Value ( USD | $ 17.4 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |