Press Release

Visiongain Ltd.

Electronic Logging Device Market Report Up to 2031

November 30th, 2021 12:00 AM

Visiongain has published a new report on Electronic Logging Device Market Report to 2031: Forecasts by By Component Type (Engine Module, Display and Telematics) By Form Factor (Integrated, Embedded) By Service (Entry & Intermediate level, High-end) By Vehicle Type (LCV, Buses, Trucks). PLUS Profiles of Leading Electronic Logging Device Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.

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The market is anticipated to witness positive growth over the forecast period, despite the disruptions created by COVID-19 in the year 2020. The growth of the market can be attributed to the increased adoption of logging devices in the developed part of world i.e., Europe and North America.

COVID-19 Impact on Electronic Logging Device Market

COVID-19 negatively impacted the electronic logging device market negatively due to restricted public movement and limited economic activities in first few months after the spread of the virus. This in turn led to downturn in the demand for Electronic Logging Device. However, resumption of economic activities, opening of international borders and exports, increased demand for personal mobility and growing prevalence for shared mobility across the world is expected to boost the demand for Electronic Logging Device. Electronic logging device market is anticipated to witness single digit compound annual growth rate between the forecast period 2021 and 2031.

Market Drivers

Growing demand for next-gen mobility solutions such as shared mobility is expected to act as key driver for the demand or electronic logging devices as the growing shared fleet will need increased operational efficiency by the fleet owners. Furthermore, favorable policies by local governments in the developed region which requires deployment of electronic logging devices will further boost the market growth. One such example is the deployment of digital tachograph for fleet owners.

Market Opportunities

Significant opportunity exists in the new technology Electronic Logging Devices, major players compete on technology and cost as key differentiation product to win the market. Further, opportunity also exists in harnessing the data collected from ELD which can be further monetized through a new revenue stream. From regional perspective, growth opportunities exist in the developing part of the world, i.e. regions such as Asia Pacific and Middle East & Africa by making fleet owners aware regarding the operational efficiency and other benefits that can be achieved from electronic logging devices.

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How the Electronic Logging Device Market report helps you
In summary, our 500+ page report provides you with the following knowledge:

  • Revenue forecasts to 2031 for Electronic Logging Device Market, with forecasts for Product Category, Service, and Power Output of equipment, each forecasted at a global and regional level- discover the industry’s prospects, finding the most lucrative places for investments and revenues
  • Revenue forecasts to 2031 for 5 regional and 20 key national markets – See forecasts for the Electronic Logging Device Market in North America, Europe, Asia-Pacific and Rest of the World. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, Spain, China, India, Japan, and Australia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market- including company profiles for 10 of the major companies involved in the Electronic Logging Device Market.

Competitive Landscape

Some of the company’s profiled in this report include WorkWave, AT&T, Verizon, Leaseplan USA, Tomtom Telematics, Trimble, Omnitracs, Teletrac Navman, Geotab, Donlen. Additional companies’ active in the market includes Garmin, Masternaut, Wheels, Vector Informatik, Racelogic, Intrepid Control Systems, HEM Data Corporation, Influx Technology, Danlaw Technologies CarrierWeb, Blue Ink Technology, KeepTruckin, ORBCOMM, Pedigree Technologies, Samsara, Stoneridge, Teletrac Navaman, Transflo, Trimble, Wheels Inc. and Others. Tomtom Telematics now operates as Webfleet Solutions post its acquisition by Bridgestone Europe in April 2019. In 2019, TomTom Telematics offered its connected car solution to ONE Lease that enables the company’s vehicle management.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

To access the data contained in this document please email contactus@visiongain.com

Information found nowhere else
With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Electronic Logging Device Market and leading companies. You will find data, trends and predictions.

Find more Visiongain research reports on Automotive Components Sectorclick on the following links:

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: catherine.walker@visiongain.com

About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports mean that you can have a bespoke piece of market intelligence customized to your very own business needs.

Contact:

Catherine Walker
PR at Visiongain Inc.
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EU Tel: + 353 1 695 0006
Toll Free: 00-1-646-396-5129
Email: catherine.walker@visiongain.com
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SOURCE Visiongain Limited.

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