Automotive Electronic Logging Device Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 15.13 Billion |
| Market Size (2029) | USD 18.51 Billion |
| CAGR (2024 - 2029) | 4.32 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automotive Electronic Logging Device Market Analysis
The Automotive Electronic Logging Device Market size is estimated at USD 15.13 billion in 2024, and is expected to reach USD 18.51 billion by 2029, growing at a CAGR of 4.32% during the forecast period (2024-2029).
- The outbreak of COVID-19 had a negative impact on the automotive Electronic Logging Device Market. Many vehicles and component manufacturing facilities worldwide were temporarily shut down, leading to disruptions in the supply chain. However, the automotive industry began to recover slightly, and this trend was expected to continue during the forecast period.
- Governments of various countries have implemented various regulations for the compulsion of ELD devices in vehicles, The United States. Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) has stated that all motor carriers and drivers must use electronic logging devices (ELD).
- Electronic Logging Devices are imposed to create a good work environment for commercial vehicle drivers, and it also provides faster and more accurate management of records of duty status (RODS) data. It also contemporizes with a vehicle engine to automatically record driving time for easier, more accurate hours of service (HOS) recording.
Automotive Electronic Logging Device Market Trends
Government Regulations is Driving the Telematics Units Growth
- Government regulations play a significant role in driving the growth of the automotive electronic logging device (ELD) market. Several countries and regions have implemented regulations mandating the use of ELDs in commercial vehicles to enhance road safety, improve compliance with hours-of-service (HOS) regulations, and ensure accurate recording of driving hours. The key factors illustrating how government regulations drive market growth are as follows:
- Government regulations, such as the US Federal Motor Carrier Safety Administration's (FMCSA) ELD mandate, require commercial vehicle operators to use ELDs to accurately record and track driving hours. ELDs help ensure that drivers comply with HOS regulations, which limit the maximum driving time and require specific rest periods. These regulations are aimed at reducing driver fatigue and improving overall road safety.
- Many countries have transitioned from paper-based logbooks to ELDs as a means of reducing fraudulent practices and improving the accuracy of recording driver hours. ELDs provide an electronic record of driving hours, eliminating the potential for manual errors, falsification, and manipulation of logbooks. By implementing ELD regulations, governments aim to enhance transparency and integrity in driver-hour records.
- Fatigue-related accidents and incidents caused by drivers exceeding legal driving limits have been a concern for road safety. By mandating the use of ELDs, governments seek to mitigate these risks by ensuring that drivers take adequate rest periods and adhere to HOS regulations. ELDs monitor and record driving hours, helping to prevent excessive fatigue and promoting safer driving practices.
- ELDs facilitate easier and more efficient enforcement and inspections by providing electronic records of driving hours. Authorities can access these records remotely, reducing the need for physical inspections and enabling more targeted enforcement efforts. ELDs simplify the process of verifying compliance, allowing regulatory bodies to allocate their resources more effectively.
- Government regulations often outline specific requirements and standards for ELDs, ensuring consistency and accuracy in data recording and reporting. Standardization helps ensure that ELDs function reliably and consistently across different vehicle types and manufacturers, fostering interoperability and data integrity.
- The implementation of ELD regulations also aligns with international efforts to harmonize regulations and standards for commercial vehicle operations. Regulatory bodies work together to establish consistent rules and requirements, promoting global road safety and facilitating cross-border operations.
- These government regulations create a favorable environment for the adoption of ELDs and drive market growth by creating a strong demand for compliant devices and related services. They not only enhance road safety but also streamline operations, improve compliance, and provide data-driven insights for fleet management.
North America is Projected to witness the highest growth in the Market
- North America has been a significant market for the automotive electronic logging device (ELD) market, particularly due to the implementation of regulations such as the U.S. Federal Motor Carrier Safety Administration (FMCSA) ELD mandate. This mandate, which required the use of ELDs in most commercial vehicles, has driven the adoption of ELDs in the region.
- Additionally, North America has a well-developed transportation and logistics industry, which contributes to the demand for ELDs. The region has a large number of commercial vehicles on its roads, including long-haul trucks and delivery vehicles. The need to ensure compliance with HOS regulations, improve fleet management, and enhance road safety has fueled the growth of the ELD market in North America. For instance,
- The United States is the world's largest market for commercial vehicles, with sales amounting to over 11 million units in 2022. Furthermore, technological advancements and the availability of robust ELD solutions in North America have contributed to market growth. The region has seen the emergence of various ELD providers offering comprehensive solutions that go beyond compliance, such as fleet management and telematics capabilities. This has led to increased adoption by fleet operators and logistics companies looking to optimize their operations.
- However, it's important to note that market dynamics can change over time, and future projections may depend on various factors, including regulatory developments, industry trends, and technological advancements. For the most accurate and up-to-date information, it is recommended to consult market research reports and industry analyses specific to the automotive ELD market.
Automotive Electronic Logging Device Industry Overview
The automotive electronic logging device market is semi- fragmented, with several local as well as global players accounting for significant amounts of shares in the market. Some of the prominent companies in the market are Omnitracs, LLC, Teletrac Navman, and Geotab Inc., amongst others. Companies are investing heavily in research and development for the innovation of new and advanced products and technologies that may be used in upcoming vehicles.
In July 2022, Geotab achieved certification for its portfolio of electronic logging device (ELD) solutions, meeting Transport Canada's ELD regulations. Geotab successfully received certification for the Geotab GO7, GO8, GO9, and GO9+ ELDs, as well as the Geotab Drive mobile software designed for Android and iOS smartphones. All of these Geotab ELD solutions are fully compliant with the ELD requirements in Canada.
Automotive Electronic Logging Device Market Leaders
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Omnitracs, LLC
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Teletrac Navman
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Geotab Inc.
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Trimble Inc.
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Donlen Corporation
*Disclaimer: Major Players sorted in no particular order
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Automotive Electronic Logging Device Market News
- January 2023: Quebec's Transport and Sustainable Mobility Minister, Geneviève Guilbault, mandated electronic logging devices (ELDs) for heavy vehicles in the province. The implementation requires the devices to record work and rest hours, aiming to enhance road safety by reducing driver fatigue.
- February 2022: Omnitracs LLC, a Solera company, announced that its intelligent vehicle gateway electronic logging device (ELD) achieved mandatory third-party certification in Canada. FP Innovations certified the ELD, confirming its compliance with the Canadian Electronic Logging Device (ELD) Mandate.
Automotive Electronic Logging Device Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Integration With Telematics And Fleet Management Systems
4.1.2 Others
4.2 Market Restraints
4.2.1 The Initial Costs Associated With Purchasing And Installing ELD Systems is High
4.2.2 Others
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Component Type
5.1.1 Display
5.1.2 Telematics unit
5.2 By Service Type
5.2.1 Entry-Level Services
5.2.2 Intermediate Services
5.2.3 High-End Services
5.3 By Form Factor Type
5.3.1 Embedded
5.3.2 Integrated
5.4 By Vehicle Type
5.4.1 Truck
5.4.2 Bus
5.4.3 Light Commercial Vehicles
5.5 By Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Rest of North America
5.5.2 Europe
5.5.2.1 Germany
5.5.2.2 United Kingdom
5.5.2.3 France
5.5.2.4 Rest of Europe
5.5.3 Asia Pacific
5.5.3.1 India
5.5.3.2 China
5.5.3.3 Japan
5.5.3.4 South Korea
5.5.3.5 Rest of Asia-Pacific
5.5.4 Rest of the World
5.5.4.1 Brazil
5.5.4.2 Mexico
5.5.4.3 United Arab Emirates
5.5.4.4 Other Countries
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles*
6.2.1 Omnitracs, LLC
6.2.2 Teletrac Navman
6.2.3 Geotab Inc.
6.2.4 Trimble Inc.
6.2.5 Donlen Corporation
6.2.6 Garmin Ltd.
6.2.7 Verizon Wireless
6.2.8 WorkWave LLC
6.2.9 Geospace Labs
6.2.10 TomTom N.V.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Electronic Logging Device Industry Segmentation
The automotive electronic logging device (ELD) market refers to the industry involved in the manufacturing, distribution, and implementation of electronic logging devices for commercial vehicles. An electronic logging device is a hardware device that is used to record and track a commercial vehicle's driving hours and other relevant data, ensuring compliance with government regulations and enhancing fleet management.
The automotive electronic logging device market is segmented by component, service type, form factor, vehicle type, and by geography. By component, the market is segmented into display and telematics units. By service type, the market is segmented into entry-level services, intermediate services, and high-end services. By form factor, the market is segmented into embedded and integrated. By vehicle type, the market is segmented into truck, bus, and light commercial vehicles. By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
The report offers market size and forecasts in value (USD) for all the segments mentioned above.
| By Component Type | |
| Display | |
| Telematics unit |
| By Service Type | |
| Entry-Level Services | |
| Intermediate Services | |
| High-End Services |
| By Form Factor Type | |
| Embedded | |
| Integrated |
| By Vehicle Type | |
| Truck | |
| Bus | |
| Light Commercial Vehicles |
| By Geography | |||||||
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Automotive Electronic Logging Device Market Research FAQs
How big is the Automotive Electronic Logging Device Market?
The Automotive Electronic Logging Device Market size is expected to reach USD 15.13 billion in 2024 and grow at a CAGR of 4.32% to reach USD 18.51 billion by 2029.
What is the current Automotive Electronic Logging Device Market size?
In 2024, the Automotive Electronic Logging Device Market size is expected to reach USD 15.13 billion.
Who are the key players in Automotive Electronic Logging Device Market?
Omnitracs, LLC, Teletrac Navman, Geotab Inc., Trimble Inc. and Donlen Corporation are the major companies operating in the Automotive Electronic Logging Device Market.
Which is the fastest growing region in Automotive Electronic Logging Device Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Electronic Logging Device Market?
In 2024, the North America accounts for the largest market share in Automotive Electronic Logging Device Market.
What years does this Automotive Electronic Logging Device Market cover, and what was the market size in 2023?
In 2023, the Automotive Electronic Logging Device Market size was estimated at USD 14.48 billion. The report covers the Automotive Electronic Logging Device Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Electronic Logging Device Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Electronic Logging Device Industry Report
Statistics for the 2024 Automotive Electronic Logging Device market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Electronic Logging Device analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
