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Electronic Logging Device Market Research Report: Trends, Cost Structure Analysis, Growth Opportunities and Forecast to 2031 | CarrierWeb, Continental AG, Coretex
Electronic Logging Device Market - insightSLICE
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Growth of automotive electronics, deployment of advanced telematics and fleet management solutions across the globe, and increasing investment in development of driver safety systems are the prime forces influencing the growth of the global electronic logging device market. An electronic logging device also known as on-board electronic recorders or automatic on-board recorders is primarily used to monitor and record the hours of service of a commercial vehicle. It helps in monitoring engine health and log activities automatically to improve the reliability and flexibility of recording hours of service.
The report covers key developments in the Electronic Logging Device market based on organic and inorganic strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of prominent market players.
Some of the Top companies Influencing in this Market include: Assure Tracking, AT&T Fleet Complete, ATS Fleet Management Solutions, BigRoad, Blue Ink Technology, Blue Tree Systems, CarrierWeb, Continental AG, Coretex, Dispatching Solutions, Drive Inc., DRIVERTECH, Eclipse Software Systems, ELD Solutions, E-Log Plus, EROAD, Fleetmatics FleetUp, Forward Thinking Systems, Garmin International, GeoSpace Labs, Geotab, and HOS247 LLC.
COVID-19 Impact-
Pandemic Affected the Market Growth
The product demand has experienced a drastic impact due to the coronavirus pandemic. Strict curfews and lockdowns imposed to curb the virus spread have disrupted the supply chain. The disruptions in supply chain networks and difficulty in raw material procurements have in turn affected the market growth. Additionally, labor shortages and indefinite shutdowns of manufacturing plants have negatively impacted the market growth. However, the efficacious vaccination processes are helping the market to stabilize and grow.
The Electronic Logging Device Market is Segmented as Below:
By Component
Display
Telematics unit
Others
By Vehicle Type
light commercial vehicles (LCV)
Trucks
Buses
Others
By Form Factor
Embedded
Integrated
• Segmentation by Region with details about Country-specific developments
- North America (U.S., Canada, Mexico)
- Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
- Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
- South America (Brazil, Rest of South America)
- Middle East and Africa (UAE, Saudi Arabia, South Africa Rest of Middle East)
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Objectives of the Report:
• To profile leading players and estimate their market shares.
• The expected growth of the Electronic Logging Device industry in % by the end of 2031 is given in the report.
• To elaborate the prevalent trends in the industry, future estimations and opportunities for growth in the industry.
• To study and analyzes relevant data which allows the market players to turn this valuable information into actionable business plan for future.
Key Questions Answered in the Report:
- Which products of the global Electronic Logging Device market have seen increasing demand in recent years and are poised for potential market growth in the years ahead?
- What would be the global Electronic Logging Device market value chain of the future be like?
- What are the quantitative and qualitative disclosures about the Electronic Logging Device market risk?
- What are the key business segments, geographic areas, raw material scenario, competitive environment, and risk factors associated with the Industrial Electronic Logging Device industry?
- What are the risks related to the Electronic Logging Device market development and competition?
- What are the regulatory activities, strategic initiatives, market trends, economic conditions, financial state of the global Electronic Logging Device market?
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About Us:
We are a team of research analysts and management consultants who share a common vision to help individuals and organizations achieve their short-term and long-term strategic goals by expanding high-quality research services. insightSLICE was established to support mature companies, start-ups and non-profit organizations in various industries, including packaging, automotive, healthcare, chemicals and materials, industrial automation, consumer products, electronics and semiconductors, IT and telecommunications, and energy. Our internally experienced team of analysts has extensive experience in the research industry.
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