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The electronic logging device market is predicted to surpass a revenue of USD 16 billion by 2025. These devices gained wide importance with the growing government mandates for drivers’ hours of service. Developed countries, such as the U.S., have enforced regulations to keep track of the driving hours, vehicle condition, and many other parameters.New features, such as vehicle tax reporting and monitoring driver style, have influenced the electronic logging device (ELD) market. Driver information, such as driver logon/logoff, personal use, and certificate on driver’s daily record, has become crucial for fleet management service providers to maximize the operational efficiency & productivity through the vehicles owing to the shortage of drivers and management of high truck capacities.
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The connected vehicle technologies and growth in digitization are other significant factors boosting the electronic logging device market growth. These technologies are further pushing the sensor technology developments as well as advancements in telematics technologies. Video telematics, vehicle inspections, and tax reporting are some of the recent developments in the ELD market. The use of these devices has contributed to vehicle safety.
Connected vehicles and advanced telematics are helping route optimizations, making the driving safer & efficient. Video telematics can record video clips, which can help in the event of an accident to detect mistakes and save the lives of drivers. Moreover, these devices can detect the driving style of a driver, which helps in reducing the harsh driving. This helps to analyze the effect of driving on tire and other vehicle components to minimize maintenance costs. The electronic logging device market is witnessing considerable growth due to these advantages.
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The leading companies in the electronic logging device market, such as Donlen, Keeptrukin, and AT&T, are trying to include more monitoring features in the devices. Keeptrukin provides vehicle utilization, smart dashcam, asset tracking, and driver workflow features in its devices. Moreover, investment in software & applications is the key area of focus by companies augmenting the electronic logging device (ELD) market. These platforms can be used on a driver’s smartphone and other devices to track information. The companies are shifting toward partnerships for developing technologies & platforms.
The growth in the trucking industry in BRIC countries is significantly influencing the electronic logging device market growth. China, being the leading global manufacturer for several industries, has a high demand for efficient freight transportation. Moreover, the subsidies in China for eliminating high polluting diesel trucks and incentives for electric bus buyers will influence the increase in sales of new commercial vehicles. The countries, such as India, with high middle-class population are witnessing rapid growth in the commercial vehicle industry. The economic developments and rise in the manufacturing activities will further flourish the ELD market growth in these countries.
Browse key industry insights spread across 160 pages with 155 market data tables & 25 figures & charts from the report, “Electronic Logging Device Market Size By Component (Engine Module, Display, Telematics), By Form Factor (Embedded, Integrated), By Vehicle Type (Truck, Bus, LCV), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Poland, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/electronic-logging-device-market
Table of Contents (ToC) of the report:
Chapter 5. Electronic Logging Device Market, By Form Factor
5.1. Key trends in electronic logging device market, by type
5.2. Embedded
5.2.1. Market estimates and forecast, 2015 - 2025
5.3. Integrated
5.3.1. Market estimates and forecast, 2015 - 2025
Chapter 6. Electronic Logging Device Market, By Vehicle Type
6.1. Key trends in Electronic Logging Device Market, By Vehicle Type
6.2. Truck
6.2.1. Market estimates and forecast, 2015 - 2025
6.3. Bus
6.3.1. Market estimates and forecast, 2015 - 2025
6.4.LCV
6.4.1. Market estimates and forecast, 2015 – 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/electronic-logging-device-market
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