Press release
Automotive Logging Device Market 2022 Latest Developments, Demand and Growth Analysis 2028
The global automotive logging device market reached a value of US$ 13.10 Billion in 2021. Expecting the market to reach US$ 17.66 Billion by 2027, exhibiting a CAGR of 4.60% during 2022-2027.The Automotive Logging Device Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Automotive Logging Device market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Automotive Logging Device market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Automotive Logging Device market.
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Top Leading Companies of Automotive Logging Device Market are - AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG). and others.
Market Overview:
An automotive logging device, or electronic logging device (ELD), refers to an electronic device used in vehicles to track and monitor the driving time and maintain hours of service (HOS) records. It consists of a vehicle tracking device that connects to the vehicle, fleet management software and a mobile application. Automotive logging devices are plugged into the onboard diagnostics (OBD) port of the vehicle that gathers information regarding the distance covered, engine condition, power, hours and vehicle movement directly from the engine. They are widely used in trucks, buses, light commercial vehicles and cars. The devices aid in conducting vehicle diagnostics for route management, location tracking, optimizing fuel consumption and increasing productivity and streamlining operations. Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Automotive logging devices are widely used in transportation vehicles for periodically checking the health of vehicular components and tracking the working hours of the drivers. Additionally, the increasing product demand for continuous vehicle condition monitoring and improving the response time to equipment defects and vehicle breakdowns is favoring the market growth.
Key Market Segmentation:
By Component:
Display
Telematics Unit
Others
By Service Type:
Entry Level
Intermediate
High Level
By Form Factor:
Integrated
Embedded
By Vehicle Type:
Light Commercial Vehicles
Trucks
Bus
Cars
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
Scope of Automotive Logging Device Market Report:
- The report provides a snapshot of the global therapeutic landscape of Automotive Logging Device.
- The report reviews product therapeutics for Automotive Logging Device by companies and universities/research institutes based on information derived from company and industry-specific sources.
- The report covers the products based on several stages of development ranging from pre-registration till discovery and undisclosed stages.
- The report features descriptive drug profiles for the products which comprise, product description, descriptive licensing and collaboration details, R&D brief, MoA & other developmental activities.
- The report reviews key companies involved in Automotive Logging Device maket therapeutics and enlists all their major and minor projects.
- The report evaluates Automotive Logging Device therapeutics based on mechanism of action (MoA), drug target, route of administration (RoA) and molecule type.
- The report encapsulates all the dormant and discontinued pipeline projects.
- The report reviews latest news related to the product therapeutics for Automotive Logging Device
Browse Full Report at:
https://www.marketinsightsreports.com/reports/03286416118/automotive-logging-device-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2022-2027?Mode=namita
Reasons to Buy This Report:
- Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
- Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
- Find and recognize significant and varied types of therapeutics under development for Automotive Logging Device.
- Classify potential new clients or partners in the target demographic.
- Develop tactical initiatives by understanding the focus areas of leading companies.
- Plan mergers and acquisitions meritoriously by identifying key players and it's most promising pipeline therapeutics.
- Formulate corrective measures for market projects by understanding Automotive Logging Device depth and focus of Indication therapeutics.
- Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and scope.
- Adjust the therapeutic portfolio by recognizing discontinued projects and understand from the know-how what drove them from market.
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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