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Proliferating Growth: Electronic Logging Device Market Poised to Reach $18.44 Billion by 2029 at CAGR of 5.2%
Proliferating Growth
What Is The Projected Market Size Of The Global Electronic Logging Device Market And Its Growth Rate?
• The Electronic Logging Device market has grown from $14.52 billion in 2024 to $15.04 billion in 2025 at a CAGR of 3.6%.
• Strong growth is expected in the next few years, reaching $18.44 billion in 2029 at a CAGR of 5.2%.
What Is Driving The Growth In The Electronic Logging Device Market?
The escalating demand for electronics in the automotive industry is a major factor driving market growth. The migration towards electronic logging being mandatory in every low-commercial vehicle is propelling the market's growth. For instance, in October 2022, sales of light commercial vehicles surged to a seasonally adjusted annual rate of 14.9 million, marking the second-highest monthly record of the year. This was 12.7% higher than in October 2021 and up to 9.8% higher than September 2022. This surge in sales is increasing the demand for electronic logging devices.
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Who Are the Key Players Driving Electronic Logging Device Market Growth?
• Trimble Transportation
• Omnitracs LLC
• Teletrac Navman Ltd.
• Geotab Inc.
• Donlen Corporation
• Verizon Connect
• Blue Ink Tech
• CarrierWeb LLC
• TomTom International BV
• Assured Techmatics
• Coretex Group Limited
• Transflo,
• Wheels Inc.
• EROAD Limited
• Fleetup
• Gorilla Safety
• Drivewyze Inc.
• LINXUP LLC
• InTouch GPS
• Fleet Complete
• Stoneridge Inc.
• AT&T Fleet Complete
• Garmin Ltd.
• Samsara Inc.
• Zonar Systems Inc.
• Azuga Inc.
• GPS Insight LLC
What Are The Key Trends In The Electronic Logging Device Market?
• Advancements in telematics technology.
• Shift to cloud-based solutions.
• Use of artificial intelligence (ai).
• Mobile eld applications.
• Blockchain for data security.
• Interoperability standards.
What Are The Segments Of The Global Electronic Logging Device Market?
• By Component: Telematics Unit, Display, Other Components.
• By Form Factor Type: Embedded, Integrated.
• By Vehicle Type: Light Commercial Vehicles, Truck, Bus.
Which Region Leads The Electronic Logging Device Market?
Europe was the largest region in the electronic logging device market in 2024, and the other regions covered are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Electronic Logging Device Market Global Market Report?
- Market Size Analysis: Analyze the Electronic Logging Device Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Electronic Logging Device Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate the contribution of different segments to the overall Electronic Logging Device Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Electronic Logging Device Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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