Press release
Exploring the Global Electronic Logging Device Market: A Comprehensive Overview
The electronic logging device market size is expected to see steady growth in the next few years. It will grow to $17.91 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to continued regulatory evolution, focus on driver well-being, smart cities and traffic management, environmental sustainability, data security measures, global supply chain challenges.. Major trends in the forecast period include advancements in telematics technology, shift to cloud-based solutions, use of artificial intelligence (ai), mobile eld applications, blockchain for data security, interoperability standards..
Market Overview -
Electronic logging device (ELD) is an electronic tool that assist licensed truck drivers and private motor carriers to measure their hours of operation. Electronic logging device is furnished with inbuilt gyroscopes, GPS tracking and accelerometers and it measures hours of service, drive time, duty status, real time GPS location, engine load and speed, fuel efficiency, Idling, mileage for diagnostics and fault codes and Safety-related events, like harsh braking or collisions.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=9222&type=smp
Surging Electronics Demand In Automotive Industry Fuels Growth In Electronic Logging Device Market
The increasing demand for electronics in the automotive industry is expected to propel the growth of the electronic logging device market in the coming years. The automotive sector encompasses businesses involved in the making, distribution, sale, and maintenance of vehicles. The electronic logging device mandate rule by the federal motor carrier safety administration made electronic logging devices mandatory in every low-commercial vehicle. For instance, according to the National Automobile Dealers Association, a US-based trade organization representing nearly 16,500 franchised new car and truck dealerships, sales of light commercial vehicles in October 2022 totaled a seasonally adjusted annual rate of 14.9 million, which is the second-highest monthly total of that year. It was 12.7% higher than in October 2021 and up to 9.8% higher than in September 2022. Thus, the electronic logging device demand increased due to the increased sales of light vehicles due to the ELD mandate rule. Therefore, the increasing demand for electronics in the automotive industry is driving the growth of the electronic logging device market.
Competitive Landscape -
Major companies operating in the electronic logging device market report are Trimble Transportation, Omnitracs LLC, Teletrac Navman Ltd., Geotab Inc., Donlen Corporation, Verizon Connect, Blue Ink Tech, CarrierWeb LLC, TomTom International BV, Assured Techmatics, BigRoad Inc., Coretex Group Limited, Transflo, Wheels Inc., EROAD Limited, Fleetup, Gorilla Safety, Drivewyze Inc., LINXUP LLC, InTouch GPS, Fleet Complete, Stoneridge Inc., AT&T Fleet Complete, Garmin Ltd., Samsara Inc., Fleetmatics Group plc, Zonar Systems Inc., PeopleNet Corporation, Azuga Inc., GPS Insight LLC, NexTraq .
Product Innovations Transforming The Electronic Logging Device Market
Product innovation is the key trend gaining popularity in the electronic logging device market. Major companies operating in the electronic logging device market are focused on developing innovative products to strengthen their position in the market. For instance, in November 2022, Trucker Path, a US-based transportation network company specializing in online and mobile services for the trucking industry, launched Geotab ELD and telematics technologies as an inclusion of its growing product portfolio. In Trucker Path ELD powered by Geotab, Electronic logging Device technology provides hours of service and driver's vehicle inspection report compliance, while telematics provides vehicle utilization, performance, and health assessments along with a wide range of other telematics-driven features.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/electronic-logging-device-global-market-report
Key Segments -
The electronic logging device market covered in this report is segmented -
1) By Component: Telematics Unit, Display, Other Components
2) By Form Factor Type: Embedded, Integrated
3) By Vehicle Type: Light Commercial Vehicles, Truck, Bus
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exploring the Global Electronic Logging Device Market: A Comprehensive Overview here
News-ID: 3481624 • Views: …
More Releases from The Business research company
Eye Melanoma Market: Comprehensive Overview, Influential Factors, Market Dynamic …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Eye Melanoma Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $12.61 billion In 2028 At…
Meat Testing Market: In-Depth Insights, Market Dynamics, Key Trends, and Future …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Meat Testing Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $14.85 billion In 2028 At…
Wire Harness Market: Detailed Market Overview, Industry Statistics, Growth Facto …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Wire Harness Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $85.43 billion In 2028 At…
Tunable Diode Laser Analyzer Market: Comprehensive Overview, Key Statistics, Eme …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Tunable Diode Laser Analyzer Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $0.78 billion In…
More Releases for Electronic
Electronic Cigarettes
Electronic Cigarettes are also known as Vaping, which consist of different type of devices that allow the users to inhale an aerosol that might be nicotine, flavoring and other species. Electronic Cigarettes market is expected to mark significant growth over forecasted period owing to increasing technological advancements, change in lifestyle and consists of various flavours and fragrance. There has been significant rise in number of prevalence of adults using e-cigarettes…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
This report titled as Electronic Voting Machine Market gives a brief about the comprehensive research and an outline of its growth in the market globally. Electronic voting is voting that uses electronic means to either aid or take care of casting and counting votes. Depending on the particular implementation, e-voting may use standalone electronic voting machines or computers connected to the Internet. It may encompass a range of Internet services,…
Electronic Voting Machine Market 2019-2025| Top key players: Gaurang Electronic …
The Electronic Voting Machine Market requires the prevailing regions in the market during the forecast period. Evidence on the region leading the market are some of the facets that are highlighted under this section of the report. A voting machine is a machine used to register and tabulate votes. The first voting machines were mechanical but it is increasingly more common to use electronic voting machines. Traditionally, a voting machine…
Electronic Wrapper Market Segmented By loading types semi-automatic electronic w …
A Revolutionary Product for the Packaging Industry
The electronic wrapper has been a revolutionizing product in the packaging industry. Electronic wrappers are easy to maintain and comfortable for size changes. The steel built electronic wrappers enable easy access for maintenance and cleaning, thus, gaining a considerable customer base from the packaging industries mainly for food and consumer products. An electronic wrapper is an automated machine, which is programmed to perform a…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…
Electronic Recycling Market - Increasing Consumption of Electronic Devices
In a report published recently, Transparency Market Research (TMR) provides insights into the growth drivers and restraints impacting the global electronic recycling market. The report is titled “Electronic Recycling Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019” and is available on the company website for sale. Based on the findings of the survey conducted, the report pegs the global market for electronic recycling market…
