What is Automotive Logging Device Market Scope?
Automotive logging devices, or electronic logging devices (ELD), are electronic hardware that is connected to and synchronized with the engines of vehicles to collect critical information. This technology is mainly used by owners of commercial vehicles to record driving times and operating hours (HoS). A vehicle logging device also collects information about the movement of a vehicle, vehicle miles traveled, and the condition of the vehicle's engine. ELDs are currently connected to smartphones. Hence, they are expected to help display information on smartphones and problems are likely to be detected. The ELD smartphone app is the driver's safety, compliance, and safety manager programming the recording of vehicle information. It works by integrating with the vehicle's engine control module (ECM) to provide information about the vehicle's motion status, engine power, engine hours and kilometers traveled, as required by the ELD regulation. Commercial vehicles travel long distances compared to passenger cars because they are mainly used to transport goods. As a result, regular vehicle health checks are essential over long journeys. ELD systems are useful for regularly checking the health of vehicle components. The expansion of the transportation industry and the trade in goods between cities have increased. ELDs establish internal synchronization with the ECM and record important data that is transmitted via telematics or local devices. The location of the vehicle can easily be determined with the help of ELD. If necessary, a report on the vehicle condition can be displayed to the security office. Such features contribute to the proper maintenance of the vehicle. This, in turn, is likely to fuel the automotive logging device market in the near future. Several regulatory agencies have issued various vehicle safety standards to improve driving conditions and vehicle life. As a result, vehicle manufacturers must install ELDs in vehicles to comply with these standards, which in turn should drive the vehicle logging device market.
The Automotive Logging Device market study is being classified, by Application (Driving Time, Vehicle Miles Driven, Engine Health Condition and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that Vendors from European and United States will contribute to the maximum growth of Global Automotive Logging Device market throughout the predicted period.
Omnitracs (United States), Zonar Systems, Inc. (United States), Geotab (Canada), AT&T (United States), KeepTruckin, Inc. (United States), Teletrac Navman (United States), Trimble (United States), Donlen (United States), Garmin Ltd. (Switzerland), Verizon Connect (United States), WorkWave (United States), Merchants Fleet (United States), Masternaut (France), Webfleet Solutions B.V. (Netherlands), Vector Informatik (Germany) and Racelogic (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Intrepid Control Systems (United States), HEM Data Corporation (United States), Danlaw Technologies (India) and Influx Technology (United Kingdom).
Analyst at AMA have segmented the market study of Global Automotive Logging Device market by Type, Application and Region.
On the basis of geography, the market of Automotive Logging Device has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In January 2021, Webfleet Solutions, one of the world's leading telematics providers and part of Bridgestone, announced a new collaboration with Lytx, a global leader in video telematics solutions for fleets, so as to offer an integrated video-based solution for a much better visual as to how fleets operate on the road. WEBFLEET Video is a seamless integration of Lytx camera technology into the fleet management system from Webfleet Solutions. Fleet operators can thereby access as well manage their vehicles and also their in-vehicle cameras via WEBFLEET, which is one of the award-winning fleet management platforms.
In 2019, Omnitracs presented its fleet management platform Omnitracs One. This platform helps haulage companies properly manage their operations by connecting onboard technology to interact with their drivers and vehicles when planning routes. This platform will automatically include toll road and private property exemptions and allow fleets to generate tax forms.
In 2019 the United States. The Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) has stated that all motorists and drivers must use electronic logging devices (ELD). And also for engine mounts that use an AOBRD, an ELD must be installed by the end of 2019.
Influencing Market Trend
- Increasing Demand for Commercial Vehicles and Trucks
- Data Can Be Harnessed to Make Informed Business Decisions
- ELD and Digital Tachograph Mandate to Drive Revenue Streams for Vendors
- Growing Need for Operational Efficiency in Fleet Owning Organizations
- Growth in Service Offering By Transport Companies
- Future Potential for 5G Technology Providers
- Increasing Government Mandate toward Safety and Security of Vehicle
- Cost Sensitivity of Fleet Owners in the Deployment of Advanced Fleet Management Technologies
- Lack of Awareness among Drivers and Fleet Owners in Emerging Countries
- Data Management and Data Security are Complex Processes for Vendors
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Automotive Logging Device, Venture Capitalists and Private Equity Firms and End-Use Industry
Customization available in this Study:
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