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Automotive Electronic Logging Device Market Size (2024 - 2029)

The automotive electronic logging device market is projected to experience growth over the forecast period, driven by regulatory mandates for electronic logging devices in vehicles. Despite initial setbacks due to the COVID-19 pandemic, which disrupted supply chains and manufacturing, the market is expected to recover as the automotive industry stabilizes. The implementation of these devices aims to enhance working conditions for commercial drivers and improve the accuracy of duty status record-keeping by integrating with vehicle engines to automate driving time recording.

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Market Size of Automotive Electronic Logging Device Industry

Automotive Electronic Logging Device Market Summary
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

Automotive Electronic Logging Device Market 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 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
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Mexico
United Arab Emirates
Other Countries
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Automotive Electronic Logging Device Market Size Summary

The automotive electronic logging device (ELD) market is poised for steady growth over the forecast period, driven primarily by stringent government regulations mandating the use of these devices in commercial vehicles. These regulations, such as the U.S. Federal Motor Carrier Safety Administration's ELD mandate, are designed to enhance road safety, ensure compliance with hours-of-service regulations, and improve the accuracy of driving hour records. By transitioning from paper-based logbooks to electronic systems, governments aim to reduce fraudulent practices and improve the integrity of driver-hour records. This regulatory push creates a favorable environment for ELD adoption, fostering demand for compliant devices and related services, while also promoting safer driving practices and more efficient enforcement of regulations.

North America stands out as a significant market for automotive ELDs, largely due to the robust regulatory framework and the region's well-developed transportation and logistics industry. The presence of a large number of commercial vehicles, coupled with technological advancements and the availability of comprehensive ELD solutions, has fueled market growth in this region. Companies like Omnitracs, Teletrac Navman, and Geotab Inc. are key players in this semi-fragmented market, investing in research and development to innovate and enhance their product offerings. The market dynamics, however, are subject to change based on regulatory developments, industry trends, and technological advancements, underscoring the importance of ongoing market research and analysis.

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Automotive Electronic Logging Device Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Integration With Telematics And Fleet Management Systems

      2. 1.1.2 Others

    2. 1.2 Market Restraints

      1. 1.2.1 The Initial Costs Associated With Purchasing And Installing ELD Systems is High

      2. 1.2.2 Others

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Component Type

      1. 2.1.1 Display

      2. 2.1.2 Telematics unit

    2. 2.2 By Service Type

      1. 2.2.1 Entry-Level Services

      2. 2.2.2 Intermediate Services

      3. 2.2.3 High-End Services

    3. 2.3 By Form Factor Type

      1. 2.3.1 Embedded

      2. 2.3.2 Integrated

    4. 2.4 By Vehicle Type

      1. 2.4.1 Truck

      2. 2.4.2 Bus

      3. 2.4.3 Light Commercial Vehicles

    5. 2.5 By Geography

      1. 2.5.1 North America

        1. 2.5.1.1 United States

        2. 2.5.1.2 Canada

        3. 2.5.1.3 Rest of North America

      2. 2.5.2 Europe

        1. 2.5.2.1 Germany

        2. 2.5.2.2 United Kingdom

        3. 2.5.2.3 France

        4. 2.5.2.4 Rest of Europe

      3. 2.5.3 Asia Pacific

        1. 2.5.3.1 India

        2. 2.5.3.2 China

        3. 2.5.3.3 Japan

        4. 2.5.3.4 South Korea

        5. 2.5.3.5 Rest of Asia-Pacific

      4. 2.5.4 Rest of the World

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Mexico

        3. 2.5.4.3 United Arab Emirates

        4. 2.5.4.4 Other Countries

Automotive Electronic Logging Device Market Size FAQs

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.

In 2024, the Automotive Electronic Logging Device Market size is expected to reach USD 15.13 billion.

Automotive Electronic Logging Device Market Report Snapshots

Automotive Electronic Logging Device Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)