An electronic logging device is an electronic hardware attached to a commercial motor vehicle engine to record driving hours. It is a device that is used in commercial trucks to track hours of service.
This growth is primarily driven by Increasing the use of ELDs for reducing the overall paperwork burden for both motor carriers and drivers, Increasing in routing and delivery efficiency, Factors such as increased fuel efficiency, improved safety, reduced liability, faster dispatch that drive the market and Increasing development in driver safety systems.
Globally, a noticeable market trend is evident Increasing advancement in automotive electronics. Major Players, such as Federal Motor Carrier Safety Administration (United States), Verizon Connect (United Kingdom), Teletrac Navman (United States), Geotab (Canada), Azuga Inc. (California), Eroad Inc. (United States), EnVue Telematics, LLC (United States), Omnitracs, LLC (Texas), Donlen Corporation (United States), Garmin Ltd. (United States), AT&T Inc. (United States), WorkWave LLC (United States) and Intrepid Control Systems Inc. (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
December 8, 2020: Teletrac Navman launched a new tracking device. This device is used to monitor and track powered and non-powered assets such as trailers and containers.
- Increasing the use of ELDs for reducing the overall paperwork burden for both motor carriers and drivers
- Increasing in routing and delivery efficiency
- Factors such as increased fuel efficiency, improved safety, reduced liability, faster dispatch that drive the market
- Increasing development in driver safety systems
- Increasing advancement in automotive electronics
- Lack of consistent data format
- High cost of embedded systems
Better driver experience and Development in mobile device integration
Drivers only keep logs for 8 days out of a 30-day period and High Installation cost
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Electronic Logging Device Study Sheds Light on
The Electronic Logging Device Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Electronic Logging Device industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electronic Logging Device industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Electronic Logging Device Market?
The Electronic Logging Device market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Electronic Logging Device Market?
Top performing companies in the Global Electronic Logging Device market are Federal Motor Carrier Safety Administration (United States), Verizon Connect (United Kingdom), Teletrac Navman (United States), Geotab (Canada), Azuga Inc. (California), Eroad Inc. (United States), EnVue Telematics, LLC (United States), Omnitracs, LLC (Texas), Donlen Corporation (United States), Garmin Ltd. (United States), AT&T Inc. (United States), WorkWave LLC (United States) and Intrepid Control Systems Inc. (India), to name a few.
3. Which region dominated the worldwide market for Electronic Logging Device in 2020?
is dominating the Electronic Logging Device Market.