The global automotive logging device market size reached US$ 13.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.67% during 2023-2028.
Automotive logging devices, also known as electronic logging devices (ELDs), are used in vehicles to monitor and track driving time, as well as maintain records of hours of service (HOS). These devices utilize tracking technology that connects to the vehicle’s onboard diagnostics (OBD) port to collect data on engine condition, power, distance covered, hours of operation, and movement. They are commonly utilized in trucks, buses, light commercial vehicles, and cars to conduct automobile diagnostics, optimize fuel consumption, manage routes, and streamline operations. ELDs are essential for improving safety and compliance with federal regulations related to hours of service, and they provide valuable real-time information on vehicle location to fleet managers to improve driver safety and productivity. Overall, automotive logging devices are a crucial tool for managing and optimizing vehicle operations in various industries.
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Automotive Logging Device Market Trends and Drivers:
The expanding automotive industry across countries is primarily driving the automotive logging device market. Besides this, the widespread usage of these instruments in checking the health of vehicular components and tracking the working hours of drivers is further augmenting the market growth.
Apart from this, the integration of automotive logging devices with smartphones for detecting issues and recording information about automobiles is also catalyzing the global market.
Moreover, the elevating popularity of the Internet of Things (IoT)-enabled sensors for remote tracking of engine health is acting as another significant growth-inducing factor.
Furthermore, the growing need for commercial vehicles and trucks and the implementation of stringent vehicular safety regulations by government bodies to ensure the safety and security of passengers are expected to bolster the automotive logging device market in the coming years.
Global Automotive Logging Device Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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).
The report has segmented the market on the basis of region, component, service type, form factor and vehicle type.
Breakup by Component:
Display
Telematics Unit
Others
Breakup by Service Type:
Entry Level
Intermediate
High Level
Breakup by Form Factor:
Integrated
Embedded
Breakup by Vehicle Type:
Light Commercial Vehicles
Trucks
Bus
Cars
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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