Global Quick Overview of the Electronic Logging Device (ELD) Market Analysis
The objective of the Global Electronic Logging Device (ELD) Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.
According to the latest report analysis by MarkNtel Advisors, the Global Electronic Logging Device (ELD) Market is projected to grow at a CAGR of around 3.85% during the forecast period, 2022-27. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.
In case you missed it, we are currently revising our reports. Click on the “request sample report“ button to get the latest research data with forecast for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Latest Restraint Contributing in the Electronic Logging Device (ELD) Industry:
Growth Restraint: High Initial Costs of Vehicles with Pre-Installed ELDs
Embedded ELDs used in commercial vehicles are costlier than the externally integrated ones since they consist of a touchscreen display to offer the required information and are highly accurate & reliable. The companies operating in the commercial vehicle sector would take some more time to opt for vehicles with pre-installed ELDs and shift to a fully-digital mode of operations, owing to their high costs. Hence, the cost associated with ELDs is the prime challenge to the overall market growth.
A Detailed Outlook of Electronic Logging Device (ELD) Market Segmentation
The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2022-27 for each of the category. Different segments were used to classify the market for this study are listed below:
-By Vehicle Type
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicle
- Passenger Cars
- Others
-By Installation
- Embedded
- Externally Integrated
-By Components
- Engine Module
- Display
- Telematics
Explore Our Comprehensive Study:Â https://www.marknteladvisors.com/research-library/electronic-logging-device-eld-market.html
Geographical Analysis:
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Of them all, North America has been portraying a noticeable market growth since 2017. The United States completely dominated the regional market, with the share exceeding 80% in 2021. The ELD mandate for commercial vehicles was passed & implemented in the country in December 2017, followed by Canada, which came in effect from June 2021. The prime purpose of the ELD mandate is to create a safe environment for commercial drivers, reduce driver fatigue, enforce Hours of Service (HOS) rules, and minimize road accidents.
Lead the Electronic Logging Device (ELD) Market with a Deep Evaluation of the Competition
This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.
Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.
The details on the following key players is presented in this section as:
- 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
Customization of Reports Available –Â https://www.marknteladvisors.com/query/request-customization/electronic-logging-device-eld-market.html
Key Report Highlights     Â
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Related Reports
- https://www.whatech.com/og/markets-research/food-beverage/895323-future-forecast-spirulina-market-poised-to-exceed-usd-1-3-billion-value-by-2027.html
- https://www.whatech.com/og/markets-research/aerospace-markets/895328-revenue-of-cargo-drones-market-reaches-usd-1-78-billion-in-2024-projections-show-usd-9-35-billion-by-2027.html
- https://www.whatech.com/og/markets-research/food-beverage/895332-revenue-of-organic-coffee-market-reaches-usd-7-01-billion-in-2024-projections-show-usd-7-01-billion-by-2027.html
- https://www.whatech.com/og/markets-research/it/895354-usd-214-billion-current-ai-market-size-in-2024-anticipates-usd-863-79-billion-by-2027.html
- https://www.whatech.com/og/markets-research/food-beverage/895356-revenue-of-energy-drinks-market-reaches-usd-87-billion-in-2024-projections-show-usd-134-billion-by-2027.html
- https://www.whatech.com/og/markets-research/food-beverage/895357-ginger-market-hits-usd-4-5-billion-in-revenue-in-2023-forecasts-6-9-cagr-growth-until-2027.html
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
