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Electronic Logging Device Market 2023-32 : Industry Analysis, Size, Share, Growth And Forecast | Trimble Transportation, Omnitracs LLC, Teletrac Navman Ltd., Geotab Inc., Donlen Corporation, Verizon Connect
Electronic Logging Device Market
Electronic Logging Device Market Size, Growth Rate, And Forecast
The global electronic logging device market size is expected to grow from $13.56 billion in 2022 to $14.11 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electronic logging device market size is expected to grow to $16.57 billion in 2027 at a CAGR of 4.1%.
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Electronic Logging Device Market Drivers
The increasing demand for electronics in the automotive industry is expected to propel the growth of the electronic logging device market in the coming years. The automotive sector encompasses businesses involved in the making, distribution, sale, and maintenance of vehicles. The electronic logging device mandate rule by the federal motor carrier safety administration made electronic logging devices mandatory in every low-commercial vehicle.
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Electronic Logging Device Market Segments
1) By Component: Telematics Unit, Display, Other Components
2) By Form Factor Type: Embedded, Integrated
3) By Vehicle Type: Light Commercial Vehicles, Truck, Bus
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Electronic Logging Device market.
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Electronic Logging Device Market Key Players
Major players in the electronic logging device market are Trimble Transportation, Omnitracs LLC, Teletrac Navman Ltd., Geotab Inc., Donlen Corporation, Verizon Connect, Blue Ink Tech, CarrierWeb USA, TomTom International, Assured Techmatics, BigRoad Inc., Coretex, Transflo, Wheels Inc., EROAD Company, Fleetup, Gorilla Safety, Drivewyze, LINXUP, InTouch GPS, Fleet Complete and Stoneridge Inc.
The Business Research Company's "Global Electronic Logging Device Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Electronic Logging Device Market Include:
1. Executive Summary
2. Electronic Logging Device Market Characteristics
3. Electronic Logging Device Market Trends And Strategies
4. Electronic Logging Device Market - Macro Economic Scenario
5. Electronic Logging Device Market Size And Growth
……
27. Electronic Logging Device Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electronic Logging Device Market
29. Electronic Logging Device Market Future Outlook and Potential Analysis
30. Appendix
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