Automotive Electronic Logging Device Market Overview and Top Key Manufacturers 2021-2025

Global Automotive Electronic Logging Device market gives essential information, objective insights regarding Global market top key players analysis, and much more. The report provides detailed information on segmentation which covers product type, various components, end-user or applications, and various regions. The report deals with the most driving forces influencing the market’s revenue scale. The report delivers a comprehensive analysis of key segments, recent trends, major drivers, growth constraints, competitive landscape during this market. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Automotive Electronic Logging Device investments from 2021 till 2025.

The Automotive Electronic Logging Device Market is projected to grow with a CAGR of more than 4% during the forecast period.

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Market Overview: -

- Governments of various countries have implemented various regulations for the compulsion of ELD devices in vehicles, for instance in 2019, the United States. Department of Transportations Federal Motor Carrier Safety Administration (FMCSA) has stated that all motor carriers and drivers must use electronic logging devices (ELD). And also motor carriers that are using an AOBRD must have an ELD installed by the end of 2019.
- Electronic Logging Devices are imposed to create a good work environment for commercial vehicle drivers, and it also provides faster and accurate management of records of duty status (RODS) data. It also contemporize with a vehicle engine to automatically record driving time, for easier, more accurate hours of service (HOS) recording.

Competitive Landscape: -

The Automotive Electronic Logging Device market is moderately fragmented, with several local as well as global players accounting for significant amounts of shares in the market. Some of the prominent companies in the market areOmnitracs, LLC, Teletrac Navman, Geotab Inc. amongst others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that may be used in upcoming vehicles.

Key Market Trends: -

Government Regulations is Driving the Growth of the Market

Europe has issued the mandate rules a decade ago but with another technology. In Europe, all drivers of the transport company or any goods producers who own some must follow the regulations of the European Commission (EC) 561/2006, which became effective in 2006. In Europe, a tachograph is preferred in place of ELD, which comes in two options of analog and digital.

Further advancements have been done in the field of tachographs as first-generation smart tachographs, which started being employed in new vehicles from June 2019, that data will be remotely available to the companies and authorities. The first-generation device has a basic GPRS device. Upcoming second-generation tachographs are expected come with a more advanced GPRS device

The numerous benefits of ELD are pushing the fleet owners to install it even their commercial vehicle fleet is exempted from the compulsory adoption of ELD. ELD is synchronized with a vehicle diagnostic port, which keeps an eye on the maintenance requirement and prevents the vehicle from any upcoming fault. ELD also keeps a record of total engine hours, both on-duty and off-duty. ELD manufacturing companies have to get certifications for the device by the country's transportation department.

As ELD are been in the market for around a decade, manufacturers are providing discounts and less expensive fleet management options.

North America is Projected to witness the highest growth in the Market

North America is projected to grow with the highest CAGR during the forecast period. As growing demand for commercial vehicles will drive the market in the region. In 2019 around 12.76 million commercial vehicles were being sold in the United States. The local ELD manufacturing companies are launching newly certified devices for staying ahead from their competitors.

For instance, In 2019, AirIQ Inc. has launched electronic logging and hours of service solution by utilizing the VisTracks, certified ELD/ Driver Vehicle Inspection Report (DVIR) platform.VisTracksTM FMCSA certified ELD/DVIR platform and AirIQ's ECM Bluetooth device are coupled for this new product.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of Automotive Electronic Logging Device Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Automotive Electronic Logging Device Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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