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Global Electronic Logging Device (ELD) Market 2019 Analysis May Set New Growth Story, Forecast to 2025

03-05-2021 12:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Global Electronic Logging Device (ELD) Market

Global Electronic Logging Device (ELD) Market

Global electronic logging device (ELD) market is projected to witness a growth by exhibiting a significant CAGR of around 5%, during the forecast period. ELD is an electronic solution that records the driving time and hours of service of commercial motor carriers and professional truck drivers. Vehicle identification, motor carrier identification, time, date, geographical location, miles traveled, yards move, engine power up and shutdown, and engine diagnostic and malfunctioning are some of the key features offered by the ELD. The US Federal Motor Carrier Safety Administration (FMCSA) is liable for the encouragement of the safe driving practices in the overall truck industry, which also includes the oversight of vehicle safety and track record of the driver’s duty status, ensuring a smooth ELD implementation. Furthermore, the growing need for vehicle tracking, monitoring, measuring driver’s performance and details are the primary factors driving the demand for ELD across every vehicle. The rising trend for connected vehicles, improved route and efficiency management for commercial vehicles are creating lucrative opportunities for market growth. Whereas, the lack of skilled operators will still be a major challenge to market growth during the forecast period. Moreover, the ELD market is segmented on the basis of form factor and vehicle type. The form factor segment of the ELD market includes embedded and integrated type; whereas the vehicle type segment of the ELD market consists of bus, truck, and LCV.

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Embedded ELD to hold a considerable share in the market over the forecast period
Among the form factors, the embedded segment registers a considerable share in the market, owing to the increasing adoption of the ELD’s in developed as well as emerging economies. Moreover, the embedded ELD’s are considered as more reliable, secure and useful device compared to an integrated ELD. Embedded ELD systems consist of the display implemented in the device itself for providing information and other operations, such as vehicle motoring and managing. Omnitracs, LLC, a global pioneer of trucking solutions, provides the embedded ELD’s.

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Market Segmentation
Global ELD Market by Form Factor
• Embedded
• Integrated
Global ELD Market by Vehicle Type
• Bus
• Truck
• LCV

Regional Analysis
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World

Company Profiles
• AT&T Inc.
• Big Road Inc.
• Blue Ink Technology, Inc.
• CarrierWeb Group of Companies
• EROAD Ltd.
• Garmin Ltd.
• Geotab Inc.
• Gorilla Safety Fleet Management
• KeepTruckin, Inc.
• Linxup, a company of Agilis Systems, LLC
• Omnitracs, LLC
• Pedigree technologies
• Rand McNally, a company of RM Acquisition LLC
• Samsara Networks Inc., a company of Delaware Corp.
• Spireon, Inc.
• Stoneridge, Inc.
• Teletrac Navman US Ltd.
• Transflo a Pegasus TransTech Company
• Trimble Inc.
• VDO, a company of Continental Automotive GmbH
• Verizon Connect

Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/electronic-logging-device-market

Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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