Press release
Electronic Logging Device Market Size Forecasted To Achieve $18.44 Billion By 2029 With Steady Growth
Electronic Logging Device
What Is the Expected Electronic Logging Device Market Size During the Forecast Period?
In recent times, the electronic logging device market has been witnessing consistent growth. It is projected to expand from $14.52 billion in 2024 to $15.04 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%. The surge noted in the earlier phase can be ascribed to regulatory directives, better compliance and precision, upgraded fleet administration, enhanced safety and accident avoidance, productivity enhancements, and a decrease in paperwork load.
In the coming years, the electronic logging device market is projected to experience significant expansion, escalating to a value of $18.44 billion in 2029 with a 5.2% compound annual growth rate (CAGR). The anticipated growth during the forecast period can be linked to ongoing regulatory changes, emphasis on the welfare of drivers, intelligent urban management, environmental conservation, data protection initiatives, and issues with the global supply chain. Within the same timeframe, we are likely to see progress in telematics technology, the adoption of cloud-based solutions, the application of artificial intelligence (ai), mobile eld applications, the use of blockchain for securing data, and interoperability standards.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9222
What Are the Major Segments in the Electronic Logging Device Market?
The electronic logging device market covered in this report is segmented -
1) By Component: Telematics Unit, Display, Other Components
2) By Form Factor Type: Embedded, Integrated
3) By Vehicle Type: Light Commercial Vehicles, Truck, Bus
Subsegments:
1) By Telematics Unit: GPS Module, Communication Module, Sensors
2) By Display: Touchscreen Displays, Non-Touchscreen Displays
3) By Other Components: Power Supply Units, Mounting Kits, Wiring Harnesses
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9222&type=smp
What Are The Driving Electronic Logging Device Market Evolution?
The electronic logging device market is anticipated to grow due to the increasing need for electronics in the automotive industry. This industry comprises businesses that manufacture, distribute, sell, and service vehicles. The federal motor carrier safety administration has mandated electronic logging devices in all low-commercial vehicles, contributing to the market's surge. As reported by the National Automobile Dealers Association, an American trade body representing nearly 16,500 franchised new car and truck dealerships, light commercial vehicle sales reached a seasonally adjusted annual rate of 14.9 million in October 2022, marking the second largest monthly total for the year. These figures were 12.7% higher than October 2021 and 9.8% higher than September 2022. The surge in light vehicle sales, triggered by the ELD mandate rule, has stimulated the demand for electronic logging devices. Hence, the escalating need for electronics in the automotive sector is fueling the expansion of the electronic logging device market.
Which Firms Dominate The Electronic Logging Device Market Segments?
Major companies operating in the electronic logging device market include 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 Trends Are Expected to Dominate the Electronic Logging Device Market in the Next 5 Years?
Product enhancement is a leading trend now being seen in the electronic logging device market. Mainstream businesses within this market are prioritizing the advancement of innovative wares in an effort to consolidate their base. Take for example, Trucker Path, an American company that operates in the trucking sector and is known for online and mobile support services. In November 2022, it included Geotab ELD and telematics technologies to its expanding range of offerings. The new Trucker Path ELD, powered by Geotab, equips the Electronic Logging Device technology for maintaining hours of service and adherence to driver's vehicle inspection reports. Additionally, the telematics function enables the assessment of a vehicle's usage, performance, and general health while also offering other numerous other telematics-enabled features.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/electronic-logging-device-global-market-report
Which Is The Largest Region In The Electronic Logging Device Market?
Europe was the largest region in the electronic logging device market in 2024. The regions covered in the electronic logging device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electronic Logging Device Market?
2. What is the CAGR expected in the Electronic Logging Device Market?
3. What Are the Key Innovations Transforming the Electronic Logging Device Industry?
4. Which Region Is Leading the Electronic Logging Device Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electronic Logging Device Market Size Forecasted To Achieve $18.44 Billion By 2029 With Steady Growth here
News-ID: 3978427 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Electronic
Revolutionizing Electronic Warfare: The Power of Cognitive Electronic Warfare Sy …
According to the report published by Allied Market Research, " Cognitive Electronic Warfare System Market by Capability (Electronic Attack, Electronic Protection, Electronic Support, Electronic Intelligence) and by Platform (Naval, Airborne, Land, Space): Global Opportunity Analysis and Industry Forecast, 2023-2032 "Cognitive electronic warfare systems are based on learning action frameworks that use machine learning algorithms and artificial intelligence (AI) to mimic human perception of learning, memory, and judgement. Machine learning, being…
Electronic Cigarettes
Electronic Cigarettes are also known as Vaping, which consist of different type of devices that allow the users to inhale an aerosol that might be nicotine, flavoring and other species. Electronic Cigarettes market is expected to mark significant growth over forecasted period owing to increasing technological advancements, change in lifestyle and consists of various flavours and fragrance. There has been significant rise in number of prevalence of adults using e-cigarettes…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine…
Electronic Wrapper Market Segmented By loading types semi-automatic electronic w …
A Revolutionary Product for the Packaging Industry
The electronic wrapper has been a revolutionizing product in the packaging industry. Electronic wrappers are easy to maintain and comfortable for size changes. The steel built electronic wrappers enable easy access for maintenance and cleaning, thus, gaining a considerable customer base from the packaging industries mainly for food and consumer products. An electronic wrapper is an automated machine, which is programmed to perform a…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…
