Automotive Electronic Logging Device (ELD/E-Log) Market Overview:
The purpose of this research is to offer an overview of the Electronic Logging Device industry as well as thorough market segmentation by segments and geographies. The study includes vital information on the market positions of the top Electronic Logging Device organizations, as well as major industry trends and possibilities.
The study also focuses on the major industry players in the Global Automotive Electronic Logging Device (ELD/E-Log) Market, including information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into global, regional, and company market trends, volume, and value. This study examines the whole Automotive Electronic Logging Device (ELD/E-Log) Market Size from a worldwide viewpoint, evaluating historical data and making projections.
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Global Automotive Electronic Logging Device (ELD/E-Log) Market is expected to grow at a CAGR of 5.5% during the forecast period and market is expected to reach US$ 17.34 Bn. by 2027.
Market Scope:
Following the completion of market engineering, which included calculations for market statistics, market size estimations, market projections, market breakdown, and data triangulation, extensive primary research was conducted to gather information and verify and validate key figures. Both top-down and bottom-up approaches, as well as numerous data triangulation methods, were widely used throughout the market engineering process to achieve market estimation and forecasts for the overall market segments and sub-segments offered in the Automotive Electronic Logging Device (ELD/E-Log) Market study. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all statistics gathered during the whole market engineering process.
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are computed using weights assigned to each segment based on usage rate and average sale price. To determine the country-wise splits of the overall market and its sub-segments, the percentage adoption or usage of the given market Size in the relevant area or nation is employed.
Dynamics:
The location, mileage driven, time, engine hours, date, and driver identification can all be stored on an automotive electronic logging device. Every 60 minutes, this statistic can be automatically recorded. A key factor driving the Automotive Automotive Electronic Logging Device (ELD/E-Log) Market is the strict government regulations requiring the integration of ROD machines in commercial vehicles in order to report and fulfil the hours of provider compliance. Since the live location and all different automobiles' data can be instantly uploaded on the machine and server, these units are more useful than paper records. The old fleet statistics reporting and recording methods, tools, and systems are also being replaced by automotive electronic logging devices.
Segmentation:
Automotive Electronic Logging Device (ELD/E-Log) Market, by Component
• Display
• Telematics Unit
Automotive Electronic Logging Device (ELD/E-Log) Market, by From Factor
• Embedded
• Integrated
Automotive Electronic Logging Device (ELD/E-Log) Market, by Service Type
• Entry Level
• Intermediate
• High end
Automotive Electronic Logging Device (ELD/E-Log) Market, by Vehicle Type
• Truck
• Bus
• LCV
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Key Players:
Acquisitions, partnerships, and collaborations were among the inorganic growth strategies mentioned in the industry. Industry participants in the Automotive Electronic Logging Device (ELD/E-Log) Market are expected to profit from strong future growth possibilities due to rising demand. The following are a few firms involved in the global Electronic Logging Device industry.
• Omnitracs
• Teletrac Navaman
• Geotab
• Trimble
• Donlen
• HOS247 LLC
• Assure Tracking
• AT&T Fleet Complete
• TS Fleet Management Solutions
• Big Road
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after examining the political, economic, social, and technological variables influencing the Automotive Electronic Logging Device (ELD/E-Log) Market in these regions.
COVID-19 Impact Analysis on Automotive Electronic Logging Device (ELD/E-Log) Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the Automotive Electronic Logging Device (ELD/E-Log) Market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Automotive Electronic Logging Device (ELD/E-Log) Market Report are:
- What will be the Automotive Electronic Logging Device (ELD/E-Log) Market's CAGR throughout the projected period?
- Which market category emerged as the market leader in the Electronic Logging Device industry?
- Who are the key players in the Automotive Electronic Logging Device (ELD/E-Log) Market?
- How big will the Automotive Electronic Logging Device (ELD/E-Log) Market be in 2027?
- Which firm had the biggest market share in the Electronic Logging Device industry?
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