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Electronic Logging Device Trends and Forecast
The future of the global electronic logging device market looks promising with opportunities in the light commercial vehicle, truck, and bus markets. The global electronic logging device market is expected to reach an estimated $17.4 billion by 2030 with a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are rising need to improve the efficiency in fleet management services, growing public awareness about road safety, and increasing digitlization in the transportation industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electronic Logging Device by Segment
The study includes a forecast for the global electronic logging device by form factor, component, vehicle type, service type, and region.
Electronic Logging Device Market by Form Factor [Shipment Analysis by Value from 2018 to 2030]:
• Embedded
• Integrated
Electronic Logging Device Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Display
• Telematics Units
• Others
Electronic Logging Device Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Light Commercial Vehicles
• Trucks
• Buses
Electronic Logging Device Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
• Entry Level
• Intermediate
• High-End
Electronic Logging Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electronic Logging Device Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electronic logging device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electronic logging device companies profiled in this report include-
• Omnitracs
• Trimble
• Geotab
• Donlen
• Teletrac Navaman
Electronic Logging Device Market Insights
Lucintel forecasts that embedded will remain the larger segment over the forecast period due to the quick uptake of electronic logging devices in developed nations, especially in Europe and North America.
Within this market, light commercial vehicle will remain the largest segment due to increasing need to lower the inspection time of LCVs.
Europe will remain the largest region over the forecast period due to the surge in vehicle sales and increasing adoption of current and future organic and inorganic growth strategies by the major manufacturers.
Features of the Global Electronic Logging Device Market
Market Size Estimates: Electronic logging device market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electronic logging device market size by various segments, such as by form factor, component, vehicle type, service type, and region in terms of value ($B).
Regional Analysis: Electronic logging device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different form factors, components, vehicle types, service types, and regions for the electronic logging device market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electronic logging device market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electronic logging device market size?
Answer: The global electronic logging device market is expected to reach an estimated $17.4 billion by 2030.
Q2. What is the growth forecast for electronic logging device market?
Answer: The global electronic logging device market is expected to grow with a CAGR of 4.0% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electronic logging device market?
Answer: The major drivers for this market are rising need to improve the efficiency in fleet management services, growing public awareness about road safety, and increasing digitlization in the transportation industry.
Q4. What are the major segments for electronic logging device market?
Answer: The future of the electronic logging device market looks promising with opportunities in the light commercial vehicle, truck, and bus markets.
Q5. Who are the key electronic logging device market companies?
Answer: Some of the key electronic logging device companies are as follows:
• Omnitracs
• Trimble
• Geotab
• Donlen
• Teletrac Navaman
Q6. Which electronic logging device market segment will be the largest in future?
Answer: Lucintel forecasts that embedded will remain the larger segment over the forecast period due to the quick uptake of electronic logging devices in developed nations, especially in Europe and North America.
Q7. In electronic logging device market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to the surge in vehicle sales and increasing adoption of current and future organic and inorganic growth strategies by the major manufacturers.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electronic logging device market by form factor (embedded and integrated), component (display, telematics unit, and others), vehicle type (light commercial vehicle, truck, and bus), service type (entry level, intermediate, and high-end), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electronic Logging Device Market, Electronic Logging Device Market Size, Electronic Logging Device Market Growth, Electronic Logging Device Market Analysis, Electronic Logging Device Market Report, Electronic Logging Device Market Share, Electronic Logging Device Market Trends, Electronic Logging Device Market Forecast, Electronic Logging Device Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Electronic Logging Device Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Electronic Logging Device Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Electronic Logging Device Market by Form Factor
3.3.1: Embedded
3.3.2: Integrated
3.4: Global Electronic Logging Device Market by Component
3.4.1: Display
3.4.2: Telematics Units
3.4.3: Others
3.5: Global Electronic Logging Device Market by Vehicle Type
3.5.1: Light Commercial Vehicles
3.5.2: Trucks
3.5.3: Buses
3.6: Global Electronic Logging Device Market by Service Type
3.6.1: Entry Level
3.6.2: Intermediate
3.6.3: High-End
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Electronic Logging Device Market by Region
4.2: North American Electronic Logging Device Market
4.2.2: North American Electronic Logging Device Market by Vehicle Type: Light Commercial Vehicle, Truck, and Bus
4.3: European Electronic Logging Device Market
4.3.1: European Electronic Logging Device Market by Form Factor: Embedded and Integrated
4.3.2: European Electronic Logging Device Market by Vehicle Type: Light Commercial Vehicle, Truck, and Bus
4.4: APAC Electronic Logging Device Market
4.4.1: APAC Electronic Logging Device Market by Form Factor: Embedded and Integrated
4.4.2: APAC Electronic Logging Device Market by Vehicle Type: Light Commercial Vehicle, Truck, and Bus
4.5: ROW Electronic Logging Device Market
4.5.1: ROW Electronic Logging Device Market by Form Factor: Embedded and Integrated
4.5.2: ROW Electronic Logging Device Market by Vehicle Type: Light Commercial Vehicle, Truck, and Bus
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electronic Logging Device Market by Form Factor
6.1.2: Growth Opportunities for the Global Electronic Logging Device Market by Component
6.1.3: Growth Opportunities for the Global Electronic Logging Device Market by Vehicle Type
6.1.4: Growth Opportunities for the Global Electronic Logging Device Market by Service Type
6.1.5: Growth Opportunities for the Global Electronic Logging Device Market by Region
6.2: Emerging Trends in the Global Electronic Logging Device Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Electronic Logging Device Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electronic Logging Device Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Omnitracs
7.2: Trimble
7.3: Geotab
7.4: Donlen
7.5: Teletrac Navaman
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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