The Electronic Logging Device Market report for by component (external display, telematics unit and others)-by form factor (embedded and integrated)-by service(entry-level services, intermediate services and high-end services) –by vehicle type (Truck, Bus and light commercial vehicle)-by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) – is expected to reach US $ 10.80 Bn by 2026, at a CAGR of 5.44 %.
Embedded electronic logging device is estimatedto share significant growth in the global electronic logging device market.
Embedded electronic logging device is projected to share substantial growth in the global electronic logging device market owing to the increasing adoption of electronic logging device in developed nations predominantly in the region North America and Europe.
Telematics unit is projected to hold the maximum market share in the global electronic logging device market during the forecast period.
Telematics unit is projected to share significant growth in the global electronic logging device market. Telematics unit is the standard attachment in electronic logging device. Telematics unit is a system, which can be mounted for measures the performance of the driver and the vehicle. It also facilitates services like calculating the driver’s hours of service and observing the vehicle’s condition, fuel efficiency, and tax report. Telematics unit of an electronic logging device comprises electronic logs, CO2 emission, vehicle inspection, fuel tracking, temperature monitoring, and more. One of the key component in telematics unit is includes in global system for mobile communication, which allows communication between the driver and the fleet proprietor at any place and time. It also delivers other features contains e-call, breakdown assistance, vehicle theft tracking, driver monitoring, and e-toll.
Europe is expected to dominate the global electronic logging device market during the forecast period.
The Europe region is expected to dominate the growth in the global electronic logging device market. The growth in the market can be attributed to the strict government norms concerning with the commercial vehicle. In Europe region, there are 27 European countries were mandateddigital tachographsfor commercial vehicles. The original equipment manufacturer are focusing on manufacturing and also deliver the in-built electronic logging device for commercial vehicles. The current and upcoming organic and inorganic growth strategies developed by key players in the electronic logging device market is expected to share significant growth in the market in Europe region. Additionally, some of the prominent key players in the region are concentrating on R&D and inventions to exploit investment.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of some of the leading manufacturers such as Trimble Inc., Omnitracs, TeletracNavman US Ltd, and Geotab Inc. A , Donlen , Garmin Ltd, Verizon , AT&T , WorkWave, HEM Data Corporation, Danlaw Technologies, Influx Technology, Merchants Fleet Management, Leaseplan USA, Intrepid Control Systems, Masternaut, Tomtom Telematics, Wheels, Vector Informatik and Racelogic.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global electronic logging device market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global electronic logging device market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global electronic logging device market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Electronic Logging Device Market”
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