Automotive Logging Device Market Research Report‚ÄĒGlobal Forecast till 2030

Automotive Logging Device Market Research Report Information 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 2030

ID: MRFR/AM/9419-HCR | 100 Pages | Author: Swapnil Palwe | June 2023         

The global Automotive Logging Device market size is projected to grow at a CAGR of 4.75% from 2021 to 2030.


Automotive Logging Device Market Overview


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.


COVID-19 Impact Analysis


The pandemic has created a challenging economic environment, which has severely impacted the demand for the products in the commercial vehicle industry. Low productivity and market volatility, coupled with an increasing number of new competitors have all contributed to significant declines in revenue during COVID-19, especially since maintenance and implementation of partial or complete lockdown across various countries have affected purchasing decisions. Because the pandemic resulted in a 15% reduction in industrial production facilities worldwide, there was less need for maintenance from industries.


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 2030.


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


Global Automotive Logging Device Market, by Service Type



  • Entry Level

  • Intermediate

  • High Level


Global Automotive Logging Device Market, by Vehicle Type



  • Light Commercial Vehicles

  • Trucks

  • Bus

  • Cars


Global Automotive Logging Device Market, by Component



  • Display

  • Telematics Unit

  • Others (Cables, Connectors, Mounting)


Global Automotive Logging Device Market, by Form Factor



  • Integrated

  • Embedded


Global 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




Objectives of the Study


The objectives of the study are summarized in 5 stages. They are as mentioned below:


Market Size and Forecast:


To identify and estimate the market size for the global automotive logging device market segmented by service tyee, vehicle type, component, form factor by value (in US dollars). Also, to understand the consumption/ demand created by consumers of automotive logging device from 2019 to 2030


Market Landscape and Trends:


To identify and infer, the drivers, restraints, opportunities, and challenges for the global automotive logging device market


Market Influencing Factors:


To find out the factors which are affecting the sales of automotive logging device among consumers


Impact of COVID-19:


To identify and understand the various factors involved in the global automotive logging device market affected by the pandemic


Company Profiling:


To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.


Intended Audience



  • Automotive Logging Device Producers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD Significant Million
  CAGR   4.75% CAGR (2021-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019, 2020
  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 2022 ‚Äď 2030

The global Automotive Logging Device market is growing at a CAGR of ~4.75% over the next 10 years

North America is expected to register the highest CAGR during 2022 - 2030

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

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players‚Äô financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
Request Free Sample

Why Choose Market Research Future?

  • ✅ Vigorous research methodologies for specific market.
  • ✅ Knowledge partners across the globe
  • ✅ Large network of partner consultants.
  • ✅ Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • ✅ Trusted by fortune 500 companies/startups/universities/organizations
  • ✅ Large database of 5000+ markets reports.
  • ✅ Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid