Electronic Logging Device Market By Size, Share and Forecast 2029F

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 12.37 Billion
Market Size (2029)	USD 17.77 Billion
CAGR (2024-2029)	6.06%
Fastest Growing Segment	Bring Your Own Device ELDs
Largest Market	North America

Market Overview

The Global Electronic Logging Device Market was valued at USD 12.37 Billion in 2023 and is predicted to experience robust growth in the forecast period with a CAGR of 6.06% through 2029.

The global Electronic Logging Device (ELD) market is experiencing robust growth driven by regulatory mandates, technological advancements, and the increasing adoption of fleet management solutions. ELDs are electronic solutions used to record and monitor the driving hours and activities of commercial motor vehicles (CMVs) to ensure compliance with hours of service (HOS) regulations. These regulations, aimed at improving road safety and preventing driver fatigue-related accidents, mandate the use of ELDs in commercial fleets across various regions.

Technological advancements in ELDs have led to the development of sophisticated devices capable of real-time data tracking, analysis, and reporting. Modern ELD systems integrate GPS technology, wireless communication, and cloud-based platforms to provide fleet managers with comprehensive insights into vehicle operations, driver behavior, and compliance status. This integration enhances operational efficiency, reduces paperwork, and facilitates regulatory compliance for fleet operators.

The market for ELDs is witnessing significant expansion across various industries, including transportation and logistics, construction, and public utilities. As businesses seek to improve operational transparency, driver safety, and compliance with regulatory standards, the demand for ELD solutions continues to grow. Additionally, the integration of ELDs with telematics systems and fleet management software platforms enhances their functionality and expands their application scope beyond HOS compliance to include fleet analytics, driver performance management, and customer service optimization.

The adoption of ELDs is not only driven by regulatory requirements but also by the benefits they offer to fleet operators. ELDs help optimize fleet management by improving route planning, scheduling, and asset utilization. They provide accurate data on vehicle location, engine hours, and driver activities, enabling better decision-making and cost management. Moreover, ELDs contribute to fuel efficiency and maintenance cost reduction through real-time monitoring of vehicle performance and driver behavior.

Key players in the global ELD market are focusing on product innovation, partnerships, and strategic acquisitions to strengthen their market presence and cater to diverse customer needs. Government initiatives promoting digitalization and efficiency in transportation and logistics sectors further drive market growth. As regulatory frameworks evolve and technology advancements continue, the global ELD market is poised for continued expansion, offering opportunities for stakeholders to leverage technology-driven solutions for enhanced fleet management and regulatory compliance.

Key Market Drivers

Regulatory Mandates Driving Adoption:

The primary driver for the global Electronic Logging Device (ELD) market is regulatory mandates aimed at improving road safety and enforcing hours of service (HOS) regulations for commercial motor vehicles (CMVs). Countries such as the United States, Canada, and European Union have implemented laws requiring commercial fleets to use ELDs to accurately record drivers' duty status and driving hours. These mandates ensure compliance with maximum driving and mandatory rest periods, reducing the risk of driver fatigue-related accidents and improving overall road safety. As governments worldwide continue to prioritize transportation safety, the demand for ELDs remains robust, driving market growth.

Advancements in Telematics and Connectivity:

Technological advancements in telematics, GPS tracking, and wireless connectivity have significantly enhanced the capabilities of ELD systems. Modern ELDs integrate with telematics platforms and utilize cellular or satellite communication to provide real-time data on vehicle location, engine status, and driver behavior. These advancements enable fleet managers to monitor operations remotely, optimize route planning, and respond promptly to compliance issues or emergencies. The integration of ELDs with fleet management software further enhances efficiency by automating tasks such as reporting, maintenance scheduling, and asset utilization analysis.

Focus on Fleet Optimization and Efficiency:

ELDs play a crucial role in optimizing fleet management by improving operational efficiency and reducing operational costs. By tracking and analyzing vehicle usage, idle times, and driver performance, ELDs provide valuable insights that enable fleet operators to streamline operations, minimize fuel consumption, and enhance overall productivity. Real-time monitoring of driver behavior helps in promoting safer driving habits and reducing incidents of unauthorized vehicle use, contributing to cost savings and improved fleet performance metrics.

Demand for Compliance and Data Accuracy:

There is a growing demand for ELDs that ensure accurate recording and reporting of HOS compliance data. ELDs eliminate manual paper logs, reducing errors and discrepancies associated with traditional methods of recording driver activities. Regulatory agencies and fleet operators rely on ELDs to maintain accurate records of driving hours, rest breaks, and vehicle inspections, facilitating easier audits and compliance with legal requirements. The assurance of data accuracy and compliance with regulatory standards drives the adoption of ELDs across industries reliant on commercial transportation, including logistics, construction, and public utilities.

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Key Market Challenges

Regulatory Compliance and Implementation:

One of the primary challenges facing the global Electronic Logging Device (ELD) market is navigating complex and evolving regulatory landscapes across different regions. Regulatory requirements vary significantly between countries and even within different states or provinces, posing compliance challenges for fleet operators and ELD manufacturers alike. Ensuring that ELD systems meet specific regulatory standards and requirements can be resource-intensive and may involve significant costs for fleet operators.

Integration with Existing Systems:

Integrating ELDs with existing fleet management systems and technologies can be a complex process. Many fleet operators already use various systems for GPS tracking, dispatch management, maintenance tracking, and more. Ensuring seamless integration between ELDs and these existing systems is crucial for maximizing operational efficiency and obtaining accurate data insights. Compatibility issues, data synchronization challenges, and interoperability concerns can arise during integration, requiring technical expertise and potentially causing disruptions in fleet operations.

Cost of Implementation and Maintenance:

Deploying ELD systems involves upfront expenses such as purchasing hardware (devices and peripherals), software licenses, and installation. These costs can vary based on the size of the fleet, the complexity of integration with existing fleet management systems, and compliance with regional regulatory requirements. Training drivers and administrative staff on ELD usage and compliance procedures adds to implementation costs. Ensuring all stakeholders understand the new technology and its operational implications is crucial for successful adoption and regulatory compliance. ELD systems require regular maintenance to ensure accurate data recording, compliance with updated regulations, and seamless integration with evolving technology. Maintenance costs may include software updates, hardware repairs or replacements, and technical support services provided by ELD vendors or third-party providers. Regulatory changes and updates in different regions can necessitate modifications to ELD systems to ensure continued compliance. This may involve additional costs for software updates, recalibrations, or enhancements to meet new standards or functionalities required by regulatory authorities. Evaluating the TCO of ELD systems involves considering not only upfront implementation and training costs but also ongoing operational expenses related to maintenance, support, and compliance. Fleet operators often assess TCO to determine the long-term financial viability and benefits of adopting ELD technology. Despite initial costs, ELD implementation can lead to economic benefits such as improved operational efficiency, reduced administrative burdens (e.g., paperwork), enhanced driver productivity, and potential savings in fuel costs and insurance premiums. These economic benefits often outweigh the initial investment over the lifespan of the ELD system.

Data Security and Privacy Concerns:

ELDs generate and store sensitive data, including driver hours, vehicle locations, and operational activities. Ensuring the security and privacy of this data is paramount to protect against unauthorized access, data breaches, and potential misuse. Compliance with data protection regulations, such as GDPR in Europe or CCPA in California, adds complexity to data management practices for ELD manufacturers and fleet operators. Implementing robust cybersecurity measures, encryption protocols, and data access controls is essential to mitigate risks and build trust among stakeholders.

Key Market Trends

Rising Demand for Cloud-Based Solutions:

There is a growing trend towards cloud-based ELD solutions that offer scalability, flexibility, and accessibility. Cloud platforms enable centralized data storage, analysis, and remote access to compliance records, facilitating easier management and regulatory reporting for fleet operators.

Focus on Driver Safety and Compliance:

With stringent regulatory requirements governing hours of service (HOS), there is a heightened focus on ELDs that not only track driving hours accurately but also promote driver safety. Advanced ELDs incorporate features like driver coaching, fatigue monitoring, and automated alerts to ensure adherence to safety standards and mitigate risks.

Shift towards Integrated Mobile Applications:

Many ELD providers are developing integrated mobile applications that offer drivers and fleet managers enhanced functionalities such as route optimization, electronic document management, and real-time communication. These applications streamline operations and improve overall fleet productivity.

Emergence of AI and Machine Learning:

AI and machine learning technologies are being integrated into ELD systems to analyze data patterns, predict maintenance needs, optimize fuel efficiency, and improve route planning. These advancements help fleet operators make data-driven decisions and further enhance operational efficiency and cost-effectiveness.

Segmental Insights

Component Insights

Display Unit segment dominated in the global Electronic Logging Device market in 2023. Many regions, especially in North America and Europe, have mandated the use of ELDs to monitor and record driving hours to ensure compliance with hours of service (HOS) regulations. Display Units are integral to ELD systems as they provide drivers with real-time information about their HOS status, driving limits, and compliance alerts. This regulatory mandate drives significant demand for Display Units in the market. Display Units offer a user-friendly interface that allows drivers to easily monitor their driving hours, rest breaks, and compliance status. Modern Display Units are equipped with touchscreens, intuitive menus, and customizable settings, enhancing usability and reducing driver fatigue associated with manual logbooks or older ELD systems.

Display Units are often integrated with advanced telematics systems that provide additional functionalities such as GPS tracking, route optimization, and vehicle diagnostics. This integration enhances fleet management capabilities and operational efficiency, making Display Units a preferred choice for fleet operators looking to streamline operations and improve productivity. Display Units capture and store comprehensive data on vehicle movements, driver activities, and compliance status. This data can be easily accessed and transmitted for regulatory reporting and audit purposes, ensuring transparency and accuracy in HOS records.

Display Units are designed to be compatible with a wide range of commercial vehicles, including trucks, buses, and other fleet vehicles. They can integrate seamlessly with existing vehicle systems and third-party software platforms, providing flexibility for fleet managers and ensuring interoperability across different fleet operations.

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Regional Insights

North America dominated the global electronic logging device market in 2023. North America, particularly the United States, implemented stringent regulatory mandates requiring the use of ELDs to monitor and record driving hours for commercial motor vehicles (CMVs). The Federal Motor Carrier Safety Administration (FMCSA) mandate, known as the ELD mandate, compelling most CMV drivers to adopt ELDs. This regulatory push has significantly driven the adoption of ELDs across the region, making North America a leading market globally. North America boasts one of the largest fleets of commercial vehicles globally, including long-haul trucks, delivery vehicles, and buses. The sheer size and scale of the commercial transportation industry in the region create substantial demand for ELDs to ensure compliance with hours of service (HOS) regulations, improve safety standards, and enhance operational efficiency.

The ELD market in North America benefits from continuous technological advancements in ELD systems, including integrated telematics solutions, advanced data analytics, and cloud-based platforms. These technological innovations cater to the diverse needs of fleet operators, offering capabilities beyond basic HOS compliance, such as fleet management, route optimization, and driver performance monitoring. North America's robust infrastructure supports the adoption and integration of ELD systems across various sectors of the transportation and logistics industry. Established industry players, including ELD providers, fleet management companies, and software developers, contribute to a mature ecosystem that fosters innovation and drives market growth. The implementation of ELDs in North America has led to measurable improvements in road safety, reduced instances of driver fatigue-related accidents, and enhanced operational efficiency for fleet operators. These benefits have reinforced the region's commitment to maintaining and expanding the use of ELDs, further solidifying its leadership position in the global market.

Recent Developments

In June 2023, TruckerCloud, a leading provider of real-time Electronic Logging Device (ELD) data integration solutions, and Vizion, an innovative digital solutions provider, announced a strategic commercial partnership. This collaboration aims to introduce Vizion's users to TruckerCloud's advanced ELD data integration capabilities while enabling TruckerCloud users to access Vizion's comprehensive container tracking data. The partnership highlights the ongoing commitment of both companies to delivering cutting-edge solutions to the supply chain industry. By integrating their respective technologies, TruckerCloud and Vizion aim to establish a cohesive ecosystem that enhances real-time visibility across supply chain operations. This integrated approach promises to optimize logistics processes, improve operational efficiency, and promote sustainability throughout the supply chain network.
In April 2022, EROAD, announced a strategic partnership with OMNI Environmental Solutions, a company specializing in environmental solutions for the oil and gas industry, particularly in drilling, completion, and production operations. OMNI Environmental Solutions chose EROAD as its new electronic logging device (ELD) provider after evaluating criteria focused on enhanced tracking and reporting capabilities, robust connectivity, and durability to withstand challenging operational environments. EROAD’s solutions were selected for their ability to meet these critical requirements effectively.

Key Market Players

Trimble Inc.
Geotab Inc.
Teletrac Navman US Ltd
Motive Technologies, Inc.
Verizon Communications Inc.
Samsara Inc.
Garmin Ltd.
Omnitracs, LLC
EROAD Inc.
Pegasus Transtech, LLC

By Component	By Service Type	By Form Factor	By Vehicle Type	By Region
Display Unit Telematics Unit	Entry-Level Services Intermediate Services High-End Services	Embedded ELDs Bring Your Own Device ELDs	Trucks Buses Light Commercial Vehicles	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

In this report, the Global Electronic Logging Device Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Electronic Logging Device Market, By Component:

o Display Unit

o Telematics Unit

Electronic Logging Device Market, By Service Type:

o Entry-Level Services

o Intermediate Services

o High-End Services

Electronic Logging Device Market, By Form Factor:

o Embedded ELDs

o Bring Your Own Device ELDs

Electronic Logging Device Market, By Vehicle Type:

o Trucks

o Buses

o Light Commercial Vehicles

Electronic Logging Device Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ Germany

§ France

§ United Kingdom

§ Italy

§ Spain

o South America

§ Brazil

§ Argentina

§ Colombia

o Asia-Pacific

§ China

§ India

§ Japan

§ South Korea

§ Australia

o Middle East & Africa

§ Saudi Arabia

§ UAE

§ South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electronic Logging Device Market.

Available Customizations:

Global Electronic Logging Device Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Electronic Logging Device Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Baseline Methodology

2.2. Key Industry Partners

2.3. Major Association and Secondary Sources

2.4. Forecasting Methodology

2.5. Data Triangulation & Validation

2.6. Assumptions and Limitations

3. Executive Summary

4. Voice of Customer

5. Global Electronic Logging Device Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Component (Display Unit, Telematics Unit)

5.2.2. By Service Type (Entry-Level Services, Intermediate Services, High-End Services)

5.2.3. By Form Factor (Embedded ELDs, Bring Your Own Device ELDs)

5.2.4. By Vehicle Type (Trucks, Buses, Light Commercial Vehicles)

5.2.5. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)

5.3. By Company (2023)

5.4. Market Map

6. North America Electronic Logging Device Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Component

6.2.2. By Service Type

6.2.3. By Form Factor

6.2.4. By Vehicle Type

6.2.5. By Country

6.3. North America: Country Analysis

6.3.1. United States Electronic Logging Device Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Component

6.3.1.2.2. By Service Type

6.3.1.2.3. By Form Factor

6.3.1.2.4. By Vehicle Type

6.3.2. Canada Electronic Logging Device Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Component

6.3.2.2.2. By Service Type

6.3.2.2.3. By Form Factor

6.3.2.2.4. By Vehicle Type

6.3.3. Mexico Electronic Logging Device Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Component

6.3.3.2.2. By Service Type

6.3.3.2.3. By Form Factor

6.3.3.2.4. By Vehicle Type

7. Europe Electronic Logging Device Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Component

7.2.2. By Service Type

7.2.3. By Form Factor

7.2.4. By Vehicle Type

7.2.5. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Electronic Logging Device Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Component

7.3.1.2.2. By Service Type

7.3.1.2.3. By Form Factor

7.3.1.2.4. By Vehicle Type

7.3.2. France Electronic Logging Device Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Component

7.3.2.2.2. By Service Type

7.3.2.2.3. By Form Factor

7.3.2.2.4. By Vehicle Type

7.3.3. Spain Electronic Logging Device Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Component

7.3.3.2.2. By Service Type

7.3.3.2.3. By Form Factor

7.3.3.2.4. By Vehicle Type

7.3.4. United Kingdom Electronic Logging Device Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Component

7.3.4.2.2. By Service Type

7.3.4.2.3. By Form Factor

7.3.4.2.4. By Vehicle Type

7.3.5. Italy Electronic Logging Device Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Component

7.3.5.2.2. By Service Type

7.3.5.2.3. By Form Factor

7.3.5.2.4. By Vehicle Type

8. South America Electronic Logging Device Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Component

8.2.2. By Service Type

8.2.3. By Form Factor

8.2.4. By Vehicle Type

8.2.5. By Country

8.3. South America: Country Analysis

8.3.1. Brazil Electronic Logging Device Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Component

8.3.1.2.2. By Service Type

8.3.1.2.3. By Form Factor

8.3.1.2.4. By Vehicle Type

8.3.2. Colombia Electronic Logging Device Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Component

8.3.2.2.2. By Service Type

8.3.2.2.3. By Form Factor

8.3.2.2.4. By Vehicle Type

8.3.3. Argentina Electronic Logging Device Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Component

8.3.3.2.2. By Service Type

8.3.3.2.3. By Form Factor

8.3.3.2.4. By Vehicle Type

9. Middle East & Africa Electronic Logging Device Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Component

9.2.2. By Service Type

9.2.3. By Form Factor

9.2.4. By Vehicle Type

9.2.5. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Electronic Logging Device Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Component

9.3.1.2.2. By Service Type

9.3.1.2.3. By Form Factor

9.3.1.2.4. By Vehicle Type

9.3.2. UAE Electronic Logging Device Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Component

9.3.2.2.2. By Service Type

9.3.2.2.3. By Form Factor

9.3.2.2.4. By Vehicle Type

9.3.3. South Africa Electronic Logging Device Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Component

9.3.3.2.2. By Service Type

9.3.3.2.3. By Form Factor

9.3.3.2.4. By Vehicle Type

10. Asia Pacific Electronic Logging Device Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By Service Type

10.2.3. By Form Factor

10.2.4. By Vehicle Type

10.2.5. By Country

10.3. Asia Pacific: Country Analysis

10.3.1. China Electronic Logging Device Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Component

10.3.1.2.2. By Service Type

10.3.1.2.3. By Form Factor

10.3.1.2.4. By Vehicle Type

10.3.2. India Electronic Logging Device Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Component

10.3.2.2.2. By Service Type

10.3.2.2.3. By Form Factor

10.3.2.2.4. By Vehicle Type

10.3.3. Japan Electronic Logging Device Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Component

10.3.3.2.2. By Service Type

10.3.3.2.3. By Form Factor

10.3.3.2.4. By Vehicle Type

10.3.4. South Korea Electronic Logging Device Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Component

10.3.4.2.2. By Service Type

10.3.4.2.3. By Form Factor

10.3.4.2.4. By Vehicle Type

10.3.5. Australia Electronic Logging Device Market Outlook

10.3.5.1. Market Size & Forecast

10.3.5.1.1. By Value

10.3.5.2. Market Share & Forecast

10.3.5.2.1. By Component

10.3.5.2.2. By Service Type

10.3.5.2.3. By Form Factor

10.3.5.2.4. By Vehicle Type

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends and Developments

13. Company Profiles

13.1. Trimble Inc.

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services Offered

13.2. Geotab Inc.

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services Offered

13.3. Teletrac Navman US Ltd

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services Offered

13.4. Motive Technologies, Inc.

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services Offered

13.5. Verizon Communications Inc.

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services Offered

13.6. Samsara Inc.

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services Offered

13.7. Garmin Ltd.

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services Offered

13.8. Omnitracs, LLC

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services Offered

13.9. EROAD Inc.

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services Offered

13.10. Pegasus Transtech, LLC

13.10.1. Business Overview

13.10.2. Key Revenue and Financials

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Services Offered

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the global Electronic Logging Device market in 2023?

The market size of the global Electronic Logging Device market was USD 12.37 Billion in 2023.

Which was the fastest growing segment by form factor in the global Electronic Logging Device market?

Bring Your Own Device ELDs was the fastest growing segment in the global Electronic Logging Device market, by form factor, due to their cost-effectiveness and flexibility. BYOD solutions leverage existing smartphones or tablets, offering drivers and fleet operators a seamless integration option that meets regulatory compliance while minimizing hardware costs.

What are the challenges in the global Electronic Logging Device market?

Challenges in the global Electronic Logging Device (ELD) market include initial implementation costs, resistance to change among drivers, compatibility issues with existing fleet management systems, and ongoing maintenance and support requirements. Regulatory compliance complexities and varying requirements across regions also pose significant challenges to ELD adoption and integration.

What are the major drivers for the global Electronic Logging Device market?

Major drivers for the global Electronic Logging Device (ELD) market include regulatory mandates requiring accurate hours of service (HOS) recording, advancements in telematics and IoT technologies enhancing fleet management capabilities, the focus on improving road safety, increasing adoption of digital solutions in logistics, and operational efficiency benefits for fleet operators.

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Press Release

Electronic Logging Device Market is Expected to grow at a robust CAGR of 6.06% through 2029F

Sep, 2024

The increasing global electronic logging device market is driven by regulatory mandates driving adoption, advancements in telematics and connectivity during the forecast period 2025-2029F.

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