Electronic Logging Devices (ELDs) Market size to grow by USD 3,167 million from 2022 to 2027, The use of ELD enhances the quality of driving boost the market- Technavio

NEW YORK, June 15, 2023 /PRNewswire/ -- The electronic logging devices (ELDs) market size is forecasted to increase by USD 3,167 million from 2022 to 2027. The growth momentum of the market is expected to progress at a CAGR of 4.69%, according to a recent market study by Technavio. The growth of the market will be driven by the increasing consumption of beverages, the increasing demand for pharmaceutical packaging, and the growing demand from the automotive and construction industries. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

Vendor Analysis

Technavio has extensively analyzed 15 major vendors, including AT and T Inc., Danlaw Technologies India Ltd., Donlen Corp., EROAD Inc., Garmin Ltd, Geotab Inc, HOS247 LLC, InTouch GPS, Intrepid Control Systems Inc., Masternaut Ltd., Merchants Fleet, Omnitracs LLC, ORBCOMM Inc., Pedigree Technologies LLC, RACELOGIC Ltd., Samsung Electronics Co. Ltd., Teletrac Navman US Ltd, TomTom International BV, Trimble Inc., and Verizon Communications Inc.

To provide a deeper understanding of the competitive landscape, Technavio has profiled key players along with the study that categorizes the global market segmentation. Download the Sample

Vendor Offerings

• AT and T Inc. - The company offers electronic logging devices (ELDs) for commercial fleets to govern hours of service, and record of duty status.
• Danlaw Technologies India Ltd. - The company offers electronic logging devices (ELDs) namely DataLogger.
• Donlen Corp. - The company offers electronic logging devices (ELDs) namely DriverPoint Telematics.

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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What's New? 

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report! 

Electronic Logging Devices (ELDs) Market- Segmentation Overview

This market report extensively covers market segmentation by component (telematics unit, engine module, and external display), vehicle type (light commercial vehicle, truck, and bus), and geography (Europe, North America, APAC, Middle East and Africa, and South America). 

• The market share growth by the telematics unit segment will be significant during the forecast period. Generally, they are used to monitor assets in vehicles such as cars and trucks as well as heavy equipment using a global positioning system (GPS) and onboard diagnostics (OBD). They also support the recording of movements on maps. However, such devices report data related to low tire pressure, fuel use, and speed and idling. The generated data can assist vehicle owners to reduce the cost of maintenance by providing sufficient monitoring of vehicles and enhance fuel efficiency by learning about the driving habits of drivers. Hence, these factors will increase segment growth during the forecast period.

The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market, request a sample report 

Geographic Analysis

• Europe is estimated to account for 54% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe is anticipated to have steady growth in the global ELDs market during the forecast period. Furthermore, some major revenue-contributing countries in the ELDs market in the region include the Russian Federation, Germany, Poland, the UK, the Netherlands, and Italy. As the region is witnessing a high level of manufacturing activities, there will be a rise in the need for the delivery of goods. Some vendors are opening new logistics hubs to augment the logistics infrastructure in Europe. 

Electronic Logging Devices (ELDs) Market- Market Dynamics

Key Drivers

• The use of ELD to improve driving quality is a major driving factor for market growth.
• With the rising demand for chemical-free canned foods, manufacturers are incorporating this trend into their marketing strategies.
• Many vendors are now offering cans that are free of BPA, with polyester-based substances coated on the inside to guarantee safety and hygiene.
• Conagra Brands and Hain Celestial Group Inc. (Hain Celestial) are among the companies offering these types of cans, with some or all of their products available in BPA-free cans.
• However, a new technology has emerged that uses soybean resin to protect highly acidic food products like canned mushrooms against corrosion in aluminium and steel cans.
• As regulations become more rigid and concerns about consumer health continue to increase, such innovations are expected to be a major trend in the forecast period.

Significant Trends

• The use of analytics with ELDs is an emerging trend in the market.
• Analytics promotes businesses to gain valuable insights into their operations by detecting meaningful patterns in data through tools such as predictive analytics, numerical analytics, graphs, and percentage change analytics.
• By using analytics, companies can customize dashboards or templates based on the location of each off-road vehicle and the productivity patterns of drivers.
• However, companies can obtain critical information about their fleet and make informed decisions. 
• Fleet managers can easily access the data, such as the halt time of all vehicles in the fleet, and gain insights into the data that can be segmented based on region, business unit, vehicle, or driver.
• Thus, the adoption of analytics in ELDs is expected to fuel the growth of the market during the forecast period.

Major Challenges

• Shortage of drivers due to the use of ELDs is a major challenge impeding market growth. 
• Due to the shortage of drivers, the transportation industry is facing a major challenge.
• This issue is particularly prevalent in urban and semi-urban markets worldwide, where low wages are a contributing factor.
• However, the use of ELDs can exacerbate this problem by reducing weekly wages for truck drivers, who are limited to working a maximum of 55 hours per week.
• Thus, the deficit of drivers caused by the use of ELDs may hinder the growth of the global ELD market during the forecast period.

What are the key data covered in this electronic logging devices (ELDs) market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the electronic logging devices (ELDs) market between 2023 and 2027
• Precise estimation of the electronic logging devices (ELDs) market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the electronic logging devices (ELDs) market across Europe, North America, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of electronic logging devices (ELDs) Market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global electronic logging devices (ELDs) market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global electronic logging devices (ELDs) market 2017 - 2021 ($ million)

• 4.2 Component Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.3 Vehicle type Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments 
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Telematics unit - Market size and forecast 2022-2027
• Exhibit 34: Chart on Telematics unit - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Telematics unit - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Telematics unit - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Telematics unit - Year-over-year growth 2022-2027 (%)

• 6.4 Engine module - Market size and forecast 2022-2027
• Exhibit 38: Chart on Engine module - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Engine module - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Engine module - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Engine module - Year-over-year growth 2022-2027 (%)

• 6.5 External display - Market size and forecast 2022-2027
• Exhibit 42: Chart on External display - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on External display - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on External display - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on External display - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Component 
• Exhibit 46: Market opportunity by Component ($ million)

7 Market Segmentation by Vehicle Type

• 7.1 Market segments 
• Exhibit 47: Chart on Vehicle Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Vehicle Type - Market share 2022-2027 (%)

• 7.2 Comparison by Vehicle Type 
• Exhibit 49: Chart on Comparison by Vehicle Type
• Exhibit 50: Data Table on Comparison by Vehicle Type

• 7.3 Light commercial vehicle - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Light commercial vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Light commercial vehicle - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Light commercial vehicle - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Light commercial vehicle - Year-over-year growth 2022-2027 (%)

• 7.4 Truck - Market size and forecast 2022-2027
• Exhibit 55: Chart on Truck - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Truck - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Truck - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Truck - Year-over-year growth 2022-2027 (%)

• 7.5 Bus - Market size and forecast 2022-2027
• Exhibit 59: Chart on Bus - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Bus - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Bus - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Bus - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Vehicle Type 
• Exhibit 63: Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 AT and T Inc. 
• Exhibit 116: AT and T Inc. - Overview
• Exhibit 117: AT and T Inc. - Business segments
• Exhibit 118: AT and T Inc. - Key news
• Exhibit 119: AT and T Inc. - Key offerings
• Exhibit 120: AT and T Inc. - Segment focus

• 12.4 Danlaw Technologies India Ltd. 
• Exhibit 121: Danlaw Technologies India Ltd. - Overview
• Exhibit 122: Danlaw Technologies India Ltd. - Product / Service
• Exhibit 123: Danlaw Technologies India Ltd. - Key offerings

• 12.5 Donlen Corp. 
• Exhibit 124: Donlen Corp. - Overview
• Exhibit 125: Donlen Corp. - Product / Service
• Exhibit 126: Donlen Corp. - Key offerings

• 12.6 EROAD Inc. 
• Exhibit 127: EROAD Inc. - Overview
• Exhibit 128: EROAD Inc. - Business segments
• Exhibit 129: EROAD Inc. - Key offerings
• Exhibit 130: EROAD Inc. - Segment focus

• 12.7 Garmin Ltd 
• Exhibit 131: Garmin Ltd - Overview
• Exhibit 132: Garmin Ltd - Business segments
• Exhibit 133: Garmin Ltd - Key offerings
• Exhibit 134: Garmin Ltd - Segment focus

• 12.8 Geotab Inc 
• Exhibit 135: Geotab Inc - Overview
• Exhibit 136: Geotab Inc - Product / Service
• Exhibit 137: Geotab Inc - Key news
• Exhibit 138: Geotab Inc - Key offerings

• 12.9 HOS247 LLC 
• Exhibit 139: HOS247 LLC - Overview
• Exhibit 140: HOS247 LLC - Product / Service
• Exhibit 141: HOS247 LLC - Key offerings

• 12.10 InTouchGPS 
• Exhibit 142: InTouchGPS - Overview
• Exhibit 143: InTouchGPS - Product / Service
• Exhibit 144: InTouchGPS - Key offerings

• 12.11 Intrepid Control Systems Inc. 
• Exhibit 145: Intrepid Control Systems Inc. - Overview
• Exhibit 146: Intrepid Control Systems Inc. - Product / Service
• Exhibit 147: Intrepid Control Systems Inc. - Key offerings

• 12.12 Masternaut Ltd. 
• Exhibit 148: Masternaut Ltd. - Overview
• Exhibit 149: Masternaut Ltd. - Product / Service
• Exhibit 150: Masternaut Ltd. - Key offerings

• 12.13 Merchants Fleet 
• Exhibit 151: Merchants Fleet - Overview
• Exhibit 152: Merchants Fleet - Product / Service
• Exhibit 153: Merchants Fleet - Key offerings

• 12.14 Omnitracs LLC 
• Exhibit 154: Omnitracs LLC - Overview
• Exhibit 155: Omnitracs LLC - Product / Service
• Exhibit 156: Omnitracs LLC - Key offerings

• 12.15 ORBCOMM Inc. 
• Exhibit 157: ORBCOMM Inc. - Overview
• Exhibit 158: ORBCOMM Inc. - Product / Service
• Exhibit 159: ORBCOMM Inc. - Key offerings

• 12.16 Pedigree Technologies LLC 
• Exhibit 160: Pedigree Technologies LLC - Overview
• Exhibit 161: Pedigree Technologies LLC - Product / Service
• Exhibit 162: Pedigree Technologies LLC - Key offerings

• 12.17 RACELOGIC Ltd. 
• Exhibit 163: RACELOGIC Ltd. - Overview
• Exhibit 164: RACELOGIC Ltd. - Product / Service
• Exhibit 165: RACELOGIC Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 166: Inclusions checklist
• Exhibit 167: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 168: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 169: Research methodology
• Exhibit 170: Validation techniques employed for market sizing
• Exhibit 171: Information sources

• 13.5 List of abbreviations 
• Exhibit 172: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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