Authored By: Sarah
07 Sep 2023

Electronic Logging Devices (ELDs) Market forecasted to witness revenue growth of USD 3167.7 mn through 2023-2027  

The Global Electronic Logging Devices (ELDS) Market is estimated to exhibit growth at a CAGR of 4.69% between 2023 and 2027 followed by a revenue growth of  USD 3,167.7 million. The usage of ELDs to enhance the quality of driving, the rising preference for road transportation, and the need to comply with regulatory requirements are some of the major determinants that are contributing to market advancements. Countries like the US, Germany, Canada, Japan, UK are some of the leading names when it comes to Electronic Logging Device (ELDS) usage.

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Electronic Logging Devices (ELDs) Market at a Glance

Navigating through the eccentric business drivers of the Electronic Logging Devices (ELDs) Market: 

ELDs offer real-time information on truck location, driver status on fleet management, and fuel consumption, helping to reduce fuel costs and optimize fleet operations, thus fueling the preference for road transportation in turn driving the demand for ELDs.

Increasing preference for road transportation in emerging countries like China and India, particularly for last-mile delivery, will lead to an increase in heavy, medium, and light-duty vehicles on the roads owing to  Limited connectivity and high rail freight costs, the preferred mode is cargo transport. When it comes to Developed countries like the US, trucks handle a significant portion of freight tonnage due to inadequate freight services.

Core companies of the Electronic Logging Devices (ELDs) Market: AT and T Inc., Danlaw Technologies India Ltd., Donlen Corp., EROAD Inc., Garmin Ltd, Geotab Inc., HOS247 LLC, InTouch GPS, Intrepid Control Systems Inc., Masternaut Ltd., Merchants Fleet, Omnitracs LLC, ORBCOMM Inc., Pedigree Technologies LLC, RACELOGIC Ltd., Samsung Electronics Co. Ltd., Teletrac Navman US Ltd, TomTom International BV, Trimble Inc., and Verizon Communications Inc. etc are some of the leading names in the Electronic Logging Devices (ELDs) Market landscape. Our report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. Download our sample report for more insights.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of almost 4.69%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 3167.7 mn through 2023-2027.

  3. What is a key factor driving this market?
    The use of ELDs enhances the quality of driving and drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    Europe, North America, APAC, Middle East and Africa, and South America are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    54% growth will originate from Europe
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