Dynamic 3.85% CAGR Charts Electronic Logging Device (ELD) Market's Future in 2022-27

Market Overview: Global Electronic Logging Device (ELD) Market

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Electronic Logging Device (ELD) Market Insights 2022-27

The Global Electronic Logging Device (ELD) Market is expected to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27.

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Top Players in the Electronic Logging Device (ELD) Market:

Blue Ink Technology, Inc
ATT 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

Segmentation Analysis of Electronic Logging Device (ELD) Market

Electronic Logging Device (ELD) Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2022-27, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Vehicle Type

Light Commercial Vehicle
Medium Heavy Commercial Vehicle
Passenger Cars
Others

The Light Commercial Vehicles segment is expected to gain significant momentum in the Global Electronic Logging Device Market during 2022-27, owing to the increasing demand for digitally integrated solutions in the automotive sector and expanding logistics chains. Operational expenses are a crucial part of any business strategy, and fleet managers always intend to minimize the running maintenance costs of vehicles without impacting the outcomes.

Hence, to minimize operational losses expenses, fleet managers are opting for advanced fleet tracking preventive technologies to achieve cost efficiency. Additionally, advancements in automotive electronics and stringent government regulations for passengers vehicle drivers shall also contribute to the overall market growth during 2022-2027.

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-By Installation

Embedded
Externally Integrated

-By Components

Engine Module
Display
Telematics

A Comprehensive Geographical Analysis:

-By Region

North America
South America
Europe
Middle East Africa
Asia Pacific

North America has been portraying a noticeable market growth since 2017. The United States completely dominated the regional market, with the share exceeding 80% in 2021. The ELD mandate for commercial vehicles was passed implemented in the country in December 2017, followed by Canada, which came in effect from June 2021. The prime purpose of the ELD mandate is to create a safe environment for commercial drivers, reduce driver fatigue, enforce Hours of Service (HOS) rules, and minimize road accidents.

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