Press release
Automotive Electronic Logging Device Industry Set to Achieve $17.55 Billion Milestone by 2029 | Steady 4.9% CAGR
Automotive Electronic Logging Device
What Is the Long-Term Growth Forecast for the Automotive Electronic Logging Device Market Size 2025?
In recent times, there has been consistent enlargement in the automotive electronic logging device market. The market, with an estimated value of $13.83 billion in 2024, is predicted to rise to $14.49 billion in 2025, representing a compound annual growth rate (CAGR) of 4.8%. The expansion during the historical phase can be credited to factors such as increased uptake of telematics solutions, growing concerns related to the management of driver fatigue, the rise of gig economy and final-mile delivery services, the necessity for precise tracking of service hours, and the surge in demand for thorough compliance reporting.
What CAGR is Forecasted for the Automotive Electronic Logging Device Market Through 2029?
The market size of automotive electronic logging devices is projected to undergo consistent expansion in the upcoming years. It is estimated to reach $17.55 billion in 2029 with a CAGR of 4.9%. Factors influencing this growth during the predicted period include an intensified focus on productivity and efficiency, enhanced attention on supply chain transparency, an escalating need for solutions that monitor driver behavior, growth in the transportation and logistics sectors, and increased funding in intelligent transportation infrastructure. Upcoming trends within this estimated period encompass the evolution of ELD hardware technology, a move towards digital record maintenance, the creation of mobile ELD apps, the expansion of the commercial trucking sector, and improvements in data privacy and security.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-electronic-logging-device-global-market-report
What Are the Critical Factors Driving Automotive Electronic Logging Device Market Development?
The ascension of the transportation and logistics industry is predicted to spur the expansion of the automotive electronic logging device market. Efficient and effective transfer and management of goods, people, and resources is essentially what the transportation and logistics industry entails. It is witnessing growth fueled by the burgeoning e-commerce industry and the necessity for effective supply chain management. Electronic Logging Device (ELD) systems, with their ability for real-time surveillance, allow fleet supervisors to keep tabs on vehicle position and condition, regulate driver conduct, and get notifications about possible problems like unsanctioned vehicle usage or protracted idling. By automating the data gathering and storing processes related to driver performance and vehicle functioning, ELDs make record-keeping in the transportation and logistics domains more seamless. For instance, the 2023 State of Logistics Report by Logistics Management, a logistics and transportation platform established in the US, reported that in 2023, the commercial logistics costs in the country skyrocketed to $2.3 trillion, a striking 19.6% rise from 2021. Hence, the expansion of the transportation and logistics industry is pushing forward the automotive electronic logging device market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14644&type=smp
How Does the Automotive Electronic Logging Device Market Break Down Across Major Segments?
The automotive electronic logging device market covered in this report is segmented -
1) By Component: Display, Telematics Unit
2) By Form Factor: Embedded, Integrated
3) By Service Type: Entry Level, Intermediate, High End
4) By Vehicle Type: Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
Subsegments:
1) By Display: LCD Or LED Displays, Touchscreen Displays, Digital Displays, Customizable Displays
2) By Telematics Unit: GPS Module, Cellular Communication Module (3G, 4G, 5G), Data Storage And Processing Unit, Connectivity And Communication Interfaces (Bluetooth, Wi-Fi)
What Are the Major Trends Transforming the Automotive Electronic Logging Device Industry?
Major automotive electronic logging device market players are concentrating on innovative products like the Vehicle Link ELD to outperform their competitors. The said device, which is small in size, offers services like hours of service (HOS) reporting, driver vehicle inspection report (DVIR) logs, and others. In May 2022, Rand McNally, a company based in the US and known for supplying commercial transport technology solutions, introduced the Vehicle Link ELD. This newly designed ELD helps managers monitor truck location and check the status of vehicles in large fleets. Its simplicity, reliability, and ability to be easily concealed within the vehicle make it a standout. This tiny electronic logging device connects to a truck's diagnostic port and syncs with the Rand VL app on an Android device, conveying HOS data to the app for documentation. It aids drivers in electronically conducting vehicle inspection reports, enhancing safety and compliance measures. Tracking fuel expenditure is crucial for the International Fuel Tax Agreement (IFTA) reporting.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=14644&type=smp
Which Players Are Driving Innovation in the Automotive Electronic Logging Device Market?
Major companies operating in the automotive electronic logging device market are Verizon Communications Inc., AT&T Inc., Garmin Ltd., Trimble Inc., Stoneridge Inc., Donlen LLC, Geotab Inc., Omnitracs LLC, WorkWave LLC, CalAmp Corporation, Spireon Inc., Motive Technologies Inc., MiX Telematics Limited, Samsara Inc., EROAD Inc., Azuga Inc., GPS Insight LLC, Rand McNally, Trucker Path Inc., Whip Industries Inc., Fleet Complete Inc., Idelic Inc., Teletrac Navman US Ltd.
Which Regions Are Driving Global Automotive Electronic Logging Device Market Expansion?
North America was the largest region in the automotive electronic logging device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive electronic logging device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Speak With Our Expert: Saumya Sahay: Americas +1 310-496-7795: Asia +44 7882 955267 & +91 8897263534: Europe +44 7882 955267: Email: saumyas@tbrc.info: The Business Research Company - www.thebusinessresearchcompany.com: Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company
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 Automotive Electronic Logging Device Industry Set to Achieve $17.55 Billion Milestone by 2029 | Steady 4.9% CAGR here
News-ID: 4175273 • Views: …
More Releases from The Business Research Company
Top Market Shifts Transforming the Rainwater Harvesting Systems Market Landscape …
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 Rainwater Harvesting Systems Market Through 2025?
Over the past few years, there has been substantial growth in the market size of rainwater harvesting systems. The industry, which was valued at $1.94 billion in 2024, is predicted to rise to $2.07 billion by…
Live Concerts Fueling Surge In Percussion Instruments Market Growth: Transformat …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Percussion Instruments Industry Market Size Be by 2025?
Over the past few years, the market size of percussion instruments has examined a steady rise. With an increase from $1.44 billion in 2024 to $1.47 billion in 2025, it expects a Compound Annual Growth Rate (CAGR) of…
Emerging Trends to Drive Hydraulic Equipment Market Growth at 3.5% CAGR Through …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Hydraulic Equipment Market Size Growth Forecast: What to Expect by 2025?
The size of the hydraulic equipment market has consistently increased in the past few years. Projections show that it will rise from $45.21 billion in 2024 to $46.86 billion in 2025, recording a compound annual growth rate (CAGR)…
Emerging Trends to Reshape the Fishing Drones Market: Innovative Advancement In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Fishing Drones Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of fishing drones has seen a swift increase in the past few years. An expansion from $0.89 billion in 2024 to $0.99 billion in 2025, representing a compound annual growth rate (CAGR)…
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…
