Market Overview: Global Electronic Logging Device (ELD) Market

According to the latest report from MarkNtel Advisors, the Global Electronic Logging Device (ELD) Market according to which the market is likely to witness a CAGR of around 3.85% during the forecast period, 2022-27. The market research firm is renowned for assessing business performance, product portfolios, operational segments, and developments, providing stakeholders with precise market projections and estimates through a rigorous research process. The report includes a SWOT analysis for ROI feasibility, economic conditions, statistics, and variables supporting strategic market forecasts. Stakeholders receive accurate market insights for informed decision-making.

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.

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Our Report on the Electronic Logging Device (ELD) Market Offers Insights into The Following Segments

Clients seeking to invest in this market must be fully aware of its lucrative segments in order to leverage maximum gain. Keeping this in mind, our analyst has categorized the market into numerous segments, based on several factors. These segments are usually based on Product or Service Type, Applications, End-Users, and Others, further sub-categorized for extended benefits. Our report covers each sub-segment and also identifies the one that holds the largest share or has dominated the market in the historical period. 

-By Vehicle Type

  • Light Commercial Vehicle
  • Medium & Heavy Commercial Vehicle
  • Passenger Cars
  • Others

-By Installation

  • Embedded
  • Externally Integrated

-By Components

  • Engine Module
  • Display
  • Telematics

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Other than such categorization, our reports also locate the geographical areas that are either dominating the market in terms of size or volume or seem promising for the future. Based on demographics, consumer behavior, market supply and demand, and how the market performed in the past few years, the regional growth of the market among regions such as 

-By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia Pacific

Leading Electronic Logging Device (ELD) Market Players and Their Vision

The report identifies the major players within the market and comprehensively analyses their business approach, patterns, advancements, and factory setup to predict their market presence for the next five years. The data provided after meticulous research has the potential to make even new entrants stand out in the long run. With the right set of data and actionable insights, our research report provides a holistic overview of the market, facilitating investors or stakeholders to put a strong foothold in the Electronic Logging Device (ELD) market. The major players profiled in the research report, along with their net worth and valuation in USD, are,

  • 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

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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 15 diverse industrial verticals.

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