What Is The Electronic Logging Device Market Growth? AT&T, Garmin International, Trimble Inc, Verizon Connect, Omnitracs, KeepTruckin, GEOTAB
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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 electronic logging device 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.
2. Blue Ink Technology
5. Garmin ELD
10. Pedigree Technologies
13. Teletrac Navaman
14. TomTom Telematics
17. Verizon Connect
18. Wheels Inc.
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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 electronic logging device market growth in these countries.
The electronic logging device market despite the growing popularity is witnessing some challenges, which can hamper the growth considerably. The ELD mandate in the U.S. even after a year of going into effect has faced growing resistance from drivers. The Federal Motor Carrier Safety Administration did not provide the necessary training to law enforcement officers till November 2018. As a result, many officers were not ready to take action. The people spend a lot of time to challenge the violations filed by officers. Another challenge to the electronic logging device market is the technical specifications as many manufacturers fail to meet the required technical specifications, resulting in the use of cheap systems, particularly by small carriers
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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 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. Donlen made a partnership with Ford in April 2019, to provide fleet vehicle data services, which will use Transportation Mobility Cloud (TMC), an open platform by Ford, allowing the integration of current vehicle data with Ford’s modems.
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