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Automotive Logging Device Market 2022-2027: Top Companies Overview, Share, Growth

The latest research study “Automotive Logging Device Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global automotive logging device market size reached a value of US$ 13.10 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.66 Billion by 2027, exhibiting at a CAGR of 4.60% during 2022-2027.

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An automotive logging device, also known as an electronic logging device (ELD), refers to an instrument used in vehicles to monitor and track the driving time and maintain records regarding the hours of service (HOS). It consists of a tracking device that connects to the automobile, mobile application, or fleet management software. Automotive logging devices are placed in the onboard diagnostics (OBD) ports of vehicles to gather information about the engine condition, power, distance covered, hours, movement, etc. They assist in conducting automobile diagnostics for location tracking, optimizing fuel consumption, route management, streamlining operations, etc. As such, automotive logging devices find extensive utilization in trucks, buses, light commercial vehicles, cars, etc.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

The expanding automotive industry across countries is primarily driving the automotive logging device market. Besides this, the widespread usage of these instruments in checking the health of vehicular components and tracking the working hours of drivers is further augmenting the market growth.

Apart from this, the integration of automotive logging devices with smartphones for detecting issues and recording information about automobiles is also catalyzing the global market. Moreover, the elevating popularity of the Internet of Things (IoT)-enabled sensors for remote tracking of engine health is acting as another significant growth-inducing factor.

Furthermore, the growing need for commercial vehicles and trucks and the implementation of stringent vehicular safety regulations by government bodies to ensure the safety and security of passengers are expected to bolster the automotive logging device market in the coming years.

Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/automotive-logging-device-market

Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Global Automotive Logging Device Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG).

The report has segmented the market on the basis of region, component, service type, form factor and vehicle type.

Breakup by Component:

• Display

• Telematics Unit

• Others

Breakup by Service Type:

• Entry Level

• Intermediate

• High Level

 Market Breakup by Form Factor:

• Integrated

• Embedded

Breakup by Vehicle Type:

• Light Commercial Vehicles

• Trucks

• Bus

• Cars

Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2016-2021)

• Market Outlook (2022- 2027)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Read Also: Wireless Gigabit Market 2022-2027: Size, Share, Industry Analysis Report

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Kate

Kate Johnson is a content writer, who has worked for various websites and has a keen interest in Forex and stock market. He is also a college graduate who has a B.A in Journalism.

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