Market Research Future has published a research report on the Global Automotive Logging Device Market, 2023–2032. The global Automotive Logging Device industry size is projected to exhibit a CAGR of 12.5% during the forecast period of 2023 to 2032.

Market Research Future has recognized the following companies as the key players in the global Automotive Logging Device market: AT&T Business, Blue Tree System, Coretex, DriverTech, ELD Solutions, Garmin International, Geotab Inc, Omnitracs LLC, Teletrac Navman, and Zonar Systems.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Logging Device Market Research Report

Automotive Data Logging Device Market Highlights

The global automotive logging device market is projected to grow at a CAGR of 12.5% during the forecast period.

Automotive logging devices or ELDs are electronic hardware used in vehicles that are attached and synchronized to the engines of vehicles and it is used to track vehicle miles as effectively as possible. Typically, these electronic devices would be deployed to monitor drivers that work with commercial fleets and they can help monitor what the driver has done on a given day. Notable factors that will have a positive impact on the industry are increasing government mandates in response to calls for increased safety and security of vehicles, and an increase in vehicle monitoring trends and practices. However, market stagnation will be exacerbated by cost issues and the slow adoption of ELDs in emerging economies. Growing demand for safety logistics solutions will further propel the industry into success by providing lucrative opportunities for automotive logging device manufacturers.

COVID-19 has caused the automotive logging devices market to slow down as due to the contagious nature of the pandemic, travel controls were put in place during the outbreak which restricted residents' ability to visit airports, stadiums, and shopping centers, and affected the demand for automotive pedestrian protection systems. At the same time manufacturers were struggling to keep up with production due to them not being able to transport materials out of quarantine safely or quickly enough.

Automotive Logging Technology Market Segmental Analysis

The global automotive logging device market has been segmented based on service type, vehicle type, component, form factor, and region.

By service type, the global automotive logging device industry has been segmented into entry level, intermediate, and high levels. The intermediate segment holds the largest market share in the global automotive logging device market for the year 2022.

Based on vehicle type, the global automotive logging device industry has been segmented into lcvs, trucks, buses, and cars. The truck segment holds the largest market share in the global automotive logging device market for the year 2022. However the LCVs segment is expected to witness the highest growth as under the ELD mandate, many different types of businesses that operate commercial motor vehicles are required to have ELDs—including construction companies, passenger transit businesses, and more.

By component, the global automotive logging device industry has been segmented into display, telematics units, and others. The telematic unit segment holds the largest market share in the global automotive logging device market for the year 2022. The Telematics unit is the standard fitment in automotive logging devices and is the only core component for any automotive logging device.

By form factor, the global automotive logging device industry has been segmented as integrated and embedded. Embedded holds the largest market share in the global automotive logging device market for the year 2022 as they offer more features and are secure and reliable. However, the integrated segment is expected to experience the highest growth in the forecast period because these systems are cheaper and do not require a high installation cost.

Automotive Logging Device Industry Regional Analysis

Geographically, the global automotive logging device market has been categorized as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. As per analysis, Europe constituted a dominant share of the automotive logging device market in 2021, and North America is expected to grow with the highest CAGR during the forecast period.