According to MarkNtel Advisors study the Global Electronic Logging Device (ELD) Market is expected to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27.

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Key Findings of the Study: Electronic Logging Device market

Key Driver: Increasing Government Regulations Regarding the Safety of Drivers & Vehicles

ELDs accurately record their driving times, making it more comfortable and faster to track, manage, share and improve the accuracy of a driver’s hours of service record, thereby helping drivers be less tired and stay within legally allowed driving hours.

Considering these advantages for the safety of drivers & vehicles, governments are moving towards enforcing the ELD mandate. For instance:

• In 2017, the US passed & implemented the ELD mandate for all commercial vehicles running in the country.
• On the other hand, the Canadian ELD regulations are likely to be implemented from 2022 onwards.

Hence, these significant initiatives would also encourage other countries to shift toward ELDs, which would drive the global market in the coming years.

For more detailed information about the Electronic Logging Device market report, click here – https://www.marknteladvisors.com/research-library/electronic-logging-device-eld-market.html

Scope of the Report and Electronic Logging Device Market Segmentation:

By Vehicle Type

• Light Commercial Vehicle
  • Light Trucks
  • Light Bus
• Medium & Heavy Commercial Vehicle
  • Trucks
  • Bus
  • Trailers
  • Others
• Passenger Cars
• Others

Of them all, the Light Commercial Vehicles segment is expected to gain significant momentum in the Global Electronic Logging Device Market during 2022-27

By Installation

• Embedded
• Externally Integrated

By Components

• Engine Module
• Display
• Telematics

Electronic Logging Device Market Competitive Landscape

• Blue Ink Technology, Inc
• AT&T Inc
• CarrierWeb LLC
• Donlen Corporation
• Garmin Ltd
• Geotab Inc
• KeepTruckin Inc
• Omnitracs LLC
• ORBCOMM Inc
• Pedigree Technologies LLC
• Samsara Inc
• Stoneridge Inc
• Teletrac Navaman US Ltd
• TomTom International BV
• Transflo

Electronic Logging Device Market Development:

• In March 2018, Samsara raised USD 50 million from General Catalyst & Andreessen Horowitz to promote expansion in its logistics management, coupled with the transportation business, i.e., adding over 1700 new customers each quarter. This funding intends to scale customer support while innovating new technologies to serve thousands of new customers by expanding the platform with new sensors, software, and AI-driven data analytics.
• Moreover, in July 2021, Samsara partnered with EVgo, the largest public Electric Vehicle (EV) fast-charging network in the US, to help consumers augment their transition to EVs.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia Pacific

Of them all, North America has been portraying a noticeable market growth since 2017.

Note: If you require specific information not covered in the current report, we can provide it through customized option

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