Automotive Electronic Logging Device Global Market Report 2024

Description

Automotive electronic logging devices (ELDs) are digital tools utilized in the transportation industry to meticulously record a commercial driver's hours of service (HOS) and vehicle data. These devices supplant traditional paper logbooks, thereby improving accuracy and compliance with regulations while simultaneously minimizing the likelihood of errors.

The primary components of automotive electronic logging devices (ELDs) include display and telematics units. The display unit serves as the user interface, presenting essential data such as driving hours, vehicle diagnostics, and navigation information. These units come in various form factors, including embedded and integrated displays, and offer a range of services from entry-level to high-end. They are utilized across various vehicle types, including light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).

The automotive electronic logging device market research report is one of a series of new reports from The Business Research Company that provides automotive electronic logging device market statistics, including automotive electronic logging device industry global market size, regional shares, competitors with a automotive electronic logging device market share, detailed automotive electronic logging device market segments, market trends and opportunities, and any further data you may need to thrive in the automotive electronic logging device industry. This automotive electronic logging device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive electronic logging devices (ELDs) market size has grown strongly in recent years. It will grow from $13.09 billion in 2023 to $13.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historic period can be attributed to several factors, including the increased adoption of telematics solutions, growing concerns regarding driver fatigue management, the expansion of the gig economy and last-mile delivery services, the necessity for accurate tracking of hours of service, and the rising demand for comprehensive compliance reporting.

The automotive electronic logging device market size is expected to see strong growth in the next few years. It will grow to $17.40 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to several factors, including an increasing emphasis on efficiency and productivity in the transportation industry, a growing focus on supply chain visibility, a rising demand for solutions that monitor driver behavior, the expanding transportation and logistics sector, and increased investment in smart transportation infrastructure. Major trends expected in this period include technological advancements in ELD hardware, a shift towards paperless recordkeeping, the development of mobile ELD applications, the expansion of the commercial trucking industry, and advancements in data security and privacy measures.

The expanding transportation and logistics sector is poised to drive significant growth within the automotive electronic logging device (ELD) market. Transportation and logistics encompass the efficient movement and management of goods, people, and resources from one location to another. This sector's demand is propelled by the expansion of e-commerce and the need for streamlined supply chain management. ELD systems offer real-time monitoring capabilities, empowering fleet managers to track vehicle status and position, monitor driver behavior, and receive alerts for potential issues such as unauthorized vehicle use or excessive idling. By automating the collection and storage of critical data related to driver activity and vehicle operations, ELDs streamline record-keeping processes in the transportation and logistics sectors. For instance, as indicated by the 2023 State of Logistics Report by Logistics Management in July 2023, commercial logistics expenses in the United States surged to $2.3 trillion over the year 2022, marking a notable 19.6% increase from 2021. This robust growth underscores the pivotal role of the transportation and logistics sector in driving the expansion of the automotive electronic logging device market.

Major companies are focusing on developing advanced products such as the Vehicle Link ELD. This compact device offers features such as hours of service (HOS) reporting and driver vehicle inspection report (DVIR) logs, providing fleet managers with comprehensive monitoring capabilities. For example, Rand McNally introduced the Vehicle Link ELD in May 2022, designed to enable fleet managers to check truck location and vehicle status efficiently. This ELD plugs into a truck's diagnostic port and pairs with a mobile app, allowing for seamless transmission of HOS information and electronic vehicle inspection reports. Such innovations not only improve compliance and safety measures but also enhance operational efficiency in fleet management.

In June 2021, Solera Holdings Inc., a leading technology company, made strategic acquisitions of Omnitracs, DealerSocket, and eDriving to strengthen its position in the automotive technology landscape. With Omnitracs being a prominent manufacturer of automotive ELDs as part of its fleet management solutions, these acquisitions enable Solera to offer comprehensive vehicle lifecycle solutions and bridge the gap between vehicle and driver performance on a global scale.

Major companies operating in the automotive electronic logging device market are Verizon Communications Inc., AT&T Inc., Garmin Ltd., Trimble Inc., Stoneridge Inc., Donlen LLC, Geotab Inc., Omnitracs LLC, WorkWave LLC, CalAmp Corporation, Spireon Inc., Motive Technologies Inc., MiX Telematics Limited, Samsara Inc., EROAD Inc., Azuga Inc., GPS Insight LLC, Rand McNally, Trucker Path Inc., Whip Industries Inc., Fleet Complete Inc., Idelic Inc., Teletrac Navman US Ltd.

North America was the largest region in the automotive electronic logging device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive electronic logging device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automotive electronic logging device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive electronic logging device market consists of sales of onboard computers, GPS (global positioning system) modules, vehicle interface adapters, sensors, antennas, cables, and mounting accessories. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Including: 1) By Component: Display; Telematics Unit
2) By Form Factor: Embedded; Integrated
3) By Service Type: Entry Level; Intermediate; High End
4) By Vehicle Type: Light Commercial Vehicles (LCVs); Heavy Commercial Vehicles (HCVs)
Covering: Verizon Communications Inc.; AT&T Inc.; Garmin Ltd; Trimble Inc.; Stoneridge Inc.

Product Code: r17286

1. Executive Summary

2. Automotive Electronic Logging Device Market Characteristics

3. Automotive Electronic Logging Device Market Trends And Strategies

4. Automotive Electronic Logging Device Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Automotive Electronic Logging Device Market Size and Growth

5.1. Global Automotive Electronic Logging Device Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Automotive Electronic Logging Device Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Automotive Electronic Logging Device Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Automotive Electronic Logging Device Market Segmentation

6.1. Global Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Display
Telematics Unit
6.2. Global Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Embedded
Integrated
6.3. Global Automotive Electronic Logging Device Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Entry Level
Intermediate
High End
6.4. Global Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)

7. Automotive Electronic Logging Device Market Regional And Country Analysis

7.1. Global Automotive Electronic Logging Device Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Automotive Electronic Logging Device Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Automotive Electronic Logging Device Market

8.1. Asia-Pacific Automotive Electronic Logging Device Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Automotive Electronic Logging Device Market

9.1. China Automotive Electronic Logging Device Market Overview
9.2. China Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Automotive Electronic Logging Device Market

10.1. India Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Automotive Electronic Logging Device Market

11.1. Japan Automotive Electronic Logging Device Market Overview
11.2. Japan Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Automotive Electronic Logging Device Market

12.1. Australia Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Automotive Electronic Logging Device Market

13.1. Indonesia Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Automotive Electronic Logging Device Market

14.1. South Korea Automotive Electronic Logging Device Market Overview
14.2. South Korea Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Automotive Electronic Logging Device Market

15.1. Western Europe Automotive Electronic Logging Device Market Overview
15.2. Western Europe Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Automotive Electronic Logging Device Market

16.1. UK Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Automotive Electronic Logging Device Market

17.1. Germany Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Automotive Electronic Logging Device Market

18.1. France Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Automotive Electronic Logging Device Market

19.1. Italy Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Automotive Electronic Logging Device Market

20.1. Spain Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Automotive Electronic Logging Device Market

21.1. Eastern Europe Automotive Electronic Logging Device Market Overview
21.2. Eastern Europe Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Automotive Electronic Logging Device Market

22.1. Russia Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Automotive Electronic Logging Device Market

23.1. North America Automotive Electronic Logging Device Market Overview
23.2. North America Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Automotive Electronic Logging Device Market

24.1. USA Automotive Electronic Logging Device Market Overview
24.2. USA Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Automotive Electronic Logging Device Market

25.1. Canada Automotive Electronic Logging Device Market Overview
25.2. Canada Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Automotive Electronic Logging Device Market

26.1. South America Automotive Electronic Logging Device Market Overview
26.2. South America Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Automotive Electronic Logging Device Market

27.1. Brazil Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Automotive Electronic Logging Device Market

28.1. Middle East Automotive Electronic Logging Device Market Overview
28.2. Middle East Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Automotive Electronic Logging Device Market

29.1. Africa Automotive Electronic Logging Device Market Overview
29.2. Africa Automotive Electronic Logging Device Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Automotive Electronic Logging Device Market, Segmentation By Form Factor, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Automotive Electronic Logging Device Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Automotive Electronic Logging Device Market Competitive Landscape And Company Profiles

30.1. Automotive Electronic Logging Device Market Competitive Landscape
30.2. Automotive Electronic Logging Device Market Company Profiles
- 30.2.1. Verizon Communications Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. AT&T Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Garmin Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Trimble Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Stoneridge Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Automotive Electronic Logging Device Market Other Major And Innovative Companies

31.1. Donlen LLC
31.2. Geotab Inc.
31.3. Omnitracs LLC
31.4. WorkWave LLC
31.5. CalAmp Corporation
31.6. Spireon Inc.
31.7. Motive Technologies Inc.
31.8. MiX Telematics Limited
31.9. Samsara Inc.
31.10. EROAD Inc.
31.11. Azuga Inc.
31.12. GPS Insight LLC
31.13. Rand McNally
31.14. Trucker Path Inc.
31.15. Whip Industries Inc.

32. Global Automotive Electronic Logging Device Market Competitive Benchmarking

33. Global Automotive Electronic Logging Device Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Automotive Electronic Logging Device Market

35. Automotive Electronic Logging Device Market Future Outlook and Potential Analysis

35.1 Automotive Electronic Logging Device Market In 2028 - Countries Offering Most New Opportunities
35.2 Automotive Electronic Logging Device Market In 2028 - Segments Offering Most New Opportunities
35.3 Automotive Electronic Logging Device Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer