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The global automotive logging device market reached a value of US$ 13.10 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.66 Billion by 2027, exhibiting at a CAGR of 4.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An automotive logging device, or electronic logging device (ELD), refers to an electronic device used in vehicles to track and monitor the driving time and maintain hours of service (HOS) records. It consists of a vehicle tracking device that connects to the vehicle, fleet management software and a mobile application. Automotive logging devices are plugged into the onboard diagnostics (OBD) port of the vehicle that gathers information regarding the distance covered, engine condition, power, hours and vehicle movement directly from the engine. They are widely used in trucks, buses, light commercial vehicles and cars. The devices aid in conducting vehicle diagnostics for route management, location tracking, optimizing fuel consumption and increasing productivity and streamlining operations.
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Automotive logging devices are widely used in transportation vehicles for periodically checking the health of vehicular components and tracking the working hours of the drivers. Additionally, the increasing product demand for continuous vehicle condition monitoring and improving the response time to equipment defects and vehicle breakdowns is favoring the market growth. Moreover, various product innovations, such as integration of automotive logging devices with smartphone applications for detecting issues and recording vehicle information, are favoring the market growth. In line with this, the utilization of the Internet of Things (IoT)-enabled sensors for real-time monitoring and remote tracking of engine health is positively impacting the market growth. Other factors, including the implementation of various government initiatives towards the safety and security of vehicles and passengers, along with the increasing consumer demand for commercial vehicles and trucks, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive logging device market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, service type, form factor and vehicle type.
Breakup by Component:
Breakup by Service Type:
Breakup by Form Factor:
Breakup by Vehicle Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG).
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Service Type, Form Factor, Vehicle Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG).|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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