Global Electronic Logging Device Market is electronic hardware, which is attached to a commercial motor vehicle engine to record driving hours. The driving hours of commercial drivers are regulated by a set of regulations.
To improve operational efficiency in fleet owning organizations will play a vital role in global electronic logging device market. Mandatory regulation concering with the commercial vehicle is also expected to boost the growth in the global electronic logging device market. Furthermore, cost sensitivity of fleet owners regardsing with the deployment of advanced fleet management technologies and lack of consciousness among drivers and fleet owners in developing countries are limiting the growth in the global electronic logging device market. On the other hand, Increasing potential for 5g technology is an opportunity in the global electronic logging device market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Intermediate services are expected to lead the global electronic logging device market. These services includes ELD compliance, GPS tracking, and alerts.These services are mostly adapted by mid- and upper mid-sized fleet owners. Intermediate services has high demand from the North America and Europe regions, which have significant mid- and large-sized fleet operations.
Embedded electronic logging devices delivers more features and offer the service secure and reliable. Furthermore, high cost is limiting the demand for the embedded electronic logging device. Strict government regulations concerning the safety of drivers and vehicles, rules related to electronic logging deviceare projected to be implemented during forecast years in developing countries across the globel.
By Geographically, Europe is exected to share significant share in the global electronic logging device market followed by North America. In Europe, electronic logging device is also known as digital tachograph, which is designed to record data related to the procedure of the vehicle and driver activity. Strict regulations concerning with the commercial vehicle are expected to increase the demand for electronic logging device market. Furthermore, North America is expected to grow at XX% of CAGR during the forecast period. In U.S., there were nearly about 1.47 million truckers adopted the electronic logging device. Many of the truckers are adapting to the new rule, which is regarding with the driving limits. Truckers are restricted by federal law to driving no more than 11 hours a day. Drivers must be then off duty for 10 consecutive hours.
The key players are adopting various strategies to enlarge their global presence and increase the global electronic logging device market shares. Some of the key strategies implemented by the key players include expansions & investments, new product launch, acquisitions, new product developments, and agreements.For instance, In 2017,Geotab company move in into a partnership with ALK Technologies, which is a transportation technology company.This Partnershipmade ALK’s truck navigation application available on the Geotab Marketplace , which help drivers and fleet managers streamline operations and exploit productivity.
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The Scope of the Report for Global Electronic Logging Device Market
Global Electronic Logging Device Market, ByComponent
• External Display
• Telematics Unit
Global Electronic Logging Device Market,By Form Factor
Global Electronic Logging Device Market,By Service
• Entry-Level Services
• Intermediate Services
• High-End Services
Global Electronic Logging Device Market, By Vehicle Type
• Light commercial vehicle
Global Electronic Logging Device Market,By Geography
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players :
• Trimble Inc.
• TeletracNavman US Ltd
• Geotab Inc. A
• Garmin Ltd
• HEM Data Corporation
• Danlaw Technologies
• Influx Technology
• Merchants Fleet Management
• Leaseplan USA
• Intrepid Control Systems
• Tomtom Telematics
• Vector Informatik
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