Electronic Logging Device Market Analysis, Growth by Top Companies, Trends by Types and Application, Forecast to 2025

Telecommunications giant AT&T is among one of the leaders in the electronic logging device market and is extending help to transportation companies to become ELD-compliant by providing hardware as well as with getting drivers up to speed on operating the device.
Omnitracs, a US-based software company and electronic logging device industry player had suggested that training all truck drivers in ELD usage is necessary. Careful documentation of what ELDs can track, what data is being collected and who is overviewing the collected data can help ensure a successful transition for drivers.
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The U.S. Federal Motor Carrier Safety Administration (FMCSA) mandates that drivers record the roadworthiness of their vehicles before each trip, which requires drivers to go through a checklist of inspection points, such as-widescreen, tires etc. The ELD system allows drivers to fill in this inspection checklist through the in-cab tablet, which makes sure that nothing gets missed and is then uploaded to the cloud. FMCSA approved ELDs are therefore in demand, impelling electronic logging device market trends.
Vehicle diagnostics become easier to manage with an ELD system as it offers real-time reporting on fuel, carbon, odometer and fault codes, which allows organizations to actively set up maintenance plans and help avoid costly repairs due to unforeseen vehicle problems.
Since inspections by federal & state Department of Transportation officials are made easier with the implementation of ELD systems, government agencies are in support for rapid compliance with the mandate, a trend that is expected to augment electronic logging device market size. Data shows that hours of service violations have dropped by more than half of the levels recorded on December 2017 and are continuing to fall.
As the new ELD regulation gets implemented, hundreds of fleets that use AOBRDs (Automatic on-board Recording Devices) will be compelled to phase them out and switch to technologically advanced ELDs by the end of 2019. The regulation will result in approximately 2 to 2.5 million trucks upgrading from AOBRDs to the ELDs.
Asia Pacific, a region that is witnessing rapid growth in the use of commercial vehicles, is expected to create considerable scope for the electronic logging device market expansion. There has been a considerable growth in the trucking industry in the region. For instance, in China, ELD buyers became eligible for a truck scrappage subsidy which is helping the trucking industry flourish in the region and is contributing to the ELD market share as well. Emerging economies like India will witness a growing demand for commercial vehicles owing to a surging middle-class population and increasing economic developments, which will in turn lead to electronic logging device industry growth.
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Electronic logging devices are predicted to be integrated in commercial vehicles at a rapid pace due to increasing demand as well as mandate for consistent vehicle data monitoring and efficient management of fleet. The electronic logging device market size is estimated to surpass USD 16 billion by 2025.
Table of Contents (ToC) of the report:
Chapter 3. Electronic Logging Device Market Insights
3.1.Industry segmentation
3.2.Industry landscape, 2015 - 2025
3.2.1. Telematics industry overview
3.2.1.1.North America
3.2.1.2.Europe
3.2.1.3.Asia Pacific
3.2.1.4.Latin America
3.2.1.5.MEA
3.2.2. Global commercial vehicle industry landscape
3.2.2.1.North America
3.2.2.2.Europe
3.2.2.3.Asia Pacific
3.2.2.4.Latin America
3.2.2.5.MEA
3.3.Industry ecosystem analysis
3.3.1. Component suppliers
3.3.2. Manufacturers
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4.Technology & innovation landscape
3.5.Regulatory landscape
3.5.1. North America
3.5.2. Europe
3.5.3. Asia Pacific
3.5.4. Latin America
3.5.5. MEA
3.6.Industry impact forces
3.6.1. Growth drivers
3.6.1.1.Stringent regulations in the U.S. and Europe
3.6.1.2.Need of operational efficiency due to shortage of drivers and truck fleet capacity
3.6.1.3.Growth in trucks demand in BRICS countries
3.6.1.4.Increased digitization in transport and logistics
3.6.1.5.Increasing service offerings by transport companies for supply chain management
3.6.2. Industry pitfalls and challenges
3.6.2.1.High costs of embedded systems
3.6.2.2.Resistance from drivers due to the hours of service rule
3.6.2.3.Difficulties in switching from paper logs to electronic systems
3.7.Growth potential analysis
3.8.Porter's analysis
3.8.1. Industry rivalry
3.8.2. Threat of new entrants
3.8.3. Buyer power
3.8.4. Supplier power
3.8.5. Threat of substitutes
3.9.Competitive landscape, 2018
3.9.1. Company market share
3.9.2. Strategy dashboard
3.10.PESTEL analysis
Chapter 4. Electronic Logging Device Market, By Component
4.1.Key trends in electronic logging device market, by component
4.2.Engine module
4.2.1. Market estimates and forecast, 2015 - 2025
4.3.Display
4.3.1. Market estimates and forecast, 2015 - 2025
4.4.Telematics
4.4.1. Market estimates and forecast, 2015 - 2025
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