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Automotive Logging Device Market Research Report Information by Service Type (Entry Level, Intermediate, High Level), Vehicle Type (LCV, Trucks, Bus, Cars), Component (Display, Telematics Unit), and Form Factor (Integrated, Embedded) and Region (North America, Europe, Asia-Pacific, and Rest of the World)‚ÄĒForecast till 2032


ID: MRFR/AM/9419-HCR | 100 Pages | Author: Swapnil Palwe| July 2024

Automotive Logging Device Market Overview


The Automotive Logging Device Market is projected to grow from USD 1224.23 Mn in 2021 to USD 28452.35 Mn by 2032, exhibiting a compound annual growth rate (CAGR) 12.5% during the forecast period (2023 - 2032). 


Automotive logging devices or ELDs help capture the working hours of professional vehicle drivers. Biotechnology, medical devices, and construction are some specific industries that utilize these products for gathering essential data about the engine condition and miles driven in a given period. Most companies are now concerned about the well-being and health of their employees, which is why they tend to show interest in this kind of equipment. These ELDs can define major applications that would be very useful in terms of gathering information about a vehicle's movement and vehicle miles driven, as well as its engine condition which is particularly important when moving on long distances.


Automotive Logging Device Market Dynamics


Growth in the transportation industry, increasing government regulations towards public safety, and increasing automotive trends toward condition monitoring have positively affected the growth of the service offering sector. The improvement in communication technology offerings has also enhanced communication between vehicle operators and vehicle users. However, continuous development of lightweight logging equipment may create limitations for the market scale


Drivers




  • Growing government initiatives and regulations for truck drivers




One of the major factors affecting the automotive ELD market is the proposed regulations that would require commercial truck drivers to install and use the devices in their vehicles to help improve safety and comply with regulatory safety standards. Since trucking companies are at an increased risk of being involved in accidents, they can greatly benefit from these devices by enabling them to monitor driver behavior, as it ensures that trucks are properly maintained, and makes it possible for companies to reduce operating costs since many hours are no longer wasted driving around.


Restraint:




  • High installation and maintenance costs.




Automotive vehicle electronic logging device requires a high cost in installation and maintenance. The embedded system in the car is costly; this is the main reason, which is hindering the growth and usage of automotive electronic logging devices. The automobile logging device costs are typically tied to two major pillars: hardware as well as installation and maintenance — all of which can get costly when one considers these options on a global scale. As most technologies move toward digitization, expensive hardware becomes cheaper while app customization becomes easier, thereby lowering overall price points.


Opportunity:




  • The growing need for operational efficiency in fleet-owning organizations. 




The imminent need for operational efficiency in fleet-owning organizations will bring opportunities for automotive logging device market in the years to come. Also, technological advancements will stimulate innovations in this field. For instance, fleet operators are increasingly replacing GPS tracking devices with automotive logging devices because of their ability to analyses user behavior, provide highly accurate and extensive information, are easily installable, and are considerably cheaper than GPS devices.


Automotive Logging Device Market Segment Overview


By Service Type


Based on service type, the global automotive logging device market has been divided into entry level, intermediate, and high level. The intermediate segment holds the largest market share in the global automotive logging device market for the year 2022 owing to the growing technological advancements.


By Vehicle Type


Based on vehicle type, the global automotive logging device market has been divided into lcvs, trucks, buses, and cars. The trucks segment holds the largest market share in the global automotive logging device market for the year 2022. However, The LCVs segment is expected to gain the highest growth due to the growing application of automotive logging devices in commercial vehicles.


By Component


By component, the global automotive logging device market has been segmented into display, telematics units, and others. Telematic units holds the largest market share in the global automotive logging device market for the year 2022 as they are the core components for automotive logging device.


By Form Factor


By application, the global automotive logging device market has been segmented as integrated and embedded. Embedded segment holds the largest market share in the global automotive logging device market for the year 2022. However, the integrated segment is expected to witness the highest growth in the forecast period.


Automotive Logging Device Market Regional Analysis


By region, the global automotive logging device market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Europe accounted for the largest market share in 2020. North America is projected to exhibit the highest CAGR during the review period.


European Market


Europe is the largest market for automotive logging devices globally. The European electronic logging device market is expected to hold the largest market share in 2022. In 2006, digital tachographs were mandated in 27 European countries for commercial vehicles. The European continent is expecting a shift from OEMs (Original Equipment Manufacturers) producing only their vehicles, to those that make products just like PACCAR, who now offers the option of installing an ELD into any truck they sell. This step is highly influential on the overall growth of Europe's ELD sector and should lead to a respectable rise in the number of GPS tracking devices installed within commercial vehicles before 2032.


North America Market


North America is expected to experience the highest CAGR during the forecast period in the global automotive logging device market. ELD devices that are used for commercial vehicles to monitor the driving behaviors of individuals have become a prominent part of an automobile’s safety features. It is now mandatory for any vehicle that operates in the U.S. to have these devices installed. This has allowed a lot of companies to rise and make it their business initiative to create, sell and implement these products in vehicles on a national scale throughout North America.


Automotive Logging Device Market Competitive Landscape


The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reached across the globe with diverse product portfolios. Companies such as AT&T Business, Blue Tree System, Coretex, and Zonar Systems dominate the global automotive logging device market due to product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.


Prominent players in the global automotive logging device market include AT&T Business, Blue Tree System, Coretex, DriverTech, ELD Solutions, Garmin International, Geotab Inc, Omnitracs LLC, Teletrac Navman, and Zonar Systems.


Global Market Scope of the Report


Automotive Logging Device Market, by Service Type



  • Entry Level

  • Intermediate

  • High Level


Automotive Logging Device Market, by Vehicle Type



  • Light Commercial Vehicles

  • Trucks

  • Bus

  • Cars


Automotive Logging Device Market, by Component



  • Display

  • Telematics Unit

  • Others (Cables, Connectors, Mounting)


Automotive Logging Device Market, by Form Factor



  • Integrated

  • Embedded


Automotive Logging Device Market, by Region


North America



  • US

  • Canada

  • Mexico


Europe



  • The UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe


Asia-Pacific



  • China

  • India

  • Japan

  • Australia and New Zealand

  • Rest of Asia-Pacific


Rest of the World



  • South America



  • The Middle East



  • Africa


Report Attribute/Metric Details
Market Size 2021:   USD 1224.23 Million
Market Size 2032:   USD 28452.35 Million
  CAGR   12.5% CAGR (2023-2032)
  Base Year   2022
  Forecast Period   2023-2032
  Historical Data   2018- 2022
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Service Type, Vehicle Type, Component, and Form Factor
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   AT&T Business, Blue Tree System, Coretex, DriverTech, ELD Solutions, Garmin International, Geotab Inc, Omnitracs LLC, Teletrac Navman, and Zonar Systems
  Key Market Opportunities   The growing need for operational efficiency in fleet-owning organizations.
  Key Market Drivers   Growing government initiatives and regulations for truck drivers


Frequently Asked Questions (FAQ) :

The study period of the global Automotive Logging Device market is 2024–2032

The global Automotive Logging Device market is growing at a CAGR of ~12.5% over the next 10 years

North America is expected to register the highest CAGR during 2024-2032

Europe holds the largest share in 2024

AT&T Business, Blue Tree System, Coretex, DriverTech, ELD Solutions, Garmin International, Geotab Inc, Omnitracs LLC, Teletrac Navman, and Zonar Systems.

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