Electronic Logging Device Market Forecast 2020-2025, Latest Trends and Opportunities
By Market Study Report  Date: 2019-12-10Product ID: 2057047

Electronic Logging Device Market Forecast 2020-2025, Latest Trends and Opportunities

The Electronic Logging Device Market Forecast Report provides details analysis of keyword industry which will accelerate your business. Electronic Logging Device market report covers the current state of business and the growth prospects of the worldwide keyword Market. The Electronic Logging Device market report lists the leading competitors and provides the Industry pitfall and challenges, Growth potential analysis of the key factors influencing the market.

Electronic Logging Device Market is expected to reach over USD 16 billion by 2025. These devices gained wide importance with the growing government mandates for driver?s hours of service. Developed countries, such as the U.S., have enforced regulations to keep track of the driving hours, vehicle condition, and many other parameters. New features, such as vehicle tax reporting and monitoring driver style, have influenced the electronic logging device market. Driver information, such as driver logon/logoff, personal use, and certificate on driver?s daily record, has become crucial for fleet management service providers to maximize the operational efficiency & productivity through the vehicles owing to the shortage of drivers and management of high truck capacities. According to the American Truck Association, nearly 71% of the freight tonnage moved to the U.S. goes on trucks. The driver shortage in the U.S. stood at 36,500, whereas it was estimated to be more than 50,000 in 2017. This issue has made it crucial to carry more goods by using current capacities, which is influencing the electronic logging device market growth.

The growth in the trucking industry in BRIC countries is significantly influencing the electronic logging device market growth. China, being the leading global manufacturer for several industries, has a high demand for efficient freight transportation. Moreover, the subsidies in China for eliminating high polluting diesel trucks and incentives for electric bus buyers will influence the increase in sales of new commercial vehicles. The countries, such as India, with high middle-class population are witnessing rapid growth in the commercial vehicle industry. The economic developments and rise in the manufacturing activities will further flourish the electronic logging device market growth in these countries.

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The connected vehicle technologies and growth in digitization are other significant factors boosting the electronic logging device market growth. These technologies are further pushing the sensor technology developments as well as advancements in telematics technologies. Video telematics, vehicle inspections, and tax reporting are some of the recent developments in the electronic logging device market. The use of these devices has contributed to vehicle safety. Connected vehicles and advanced telematics are helping route optimizations, making the driving safer & efficient. Video telematics can record video clips, which can help in the event of an accident to detect mistakes and save the lives of drivers. Moreover, these devices can detect the driving style of a driver, which helps in reducing the harsh driving. This helps to analyze the effect of driving on tire and other vehicle components to minimize maintenance costs. The electronic logging device market is witnessing considerable growth due to these advantages.

The leading companies in the electronic logging device market, such as Donlen, Keeptrukin, and AT&T, are trying to include more monitoring features in the devices. Keeptrukin provides vehicle utilization, smart dashcam, asset tracking, and driver workflow features in its devices. Moreover, investment in software & applications is the key area of focus by companies augmenting the electronic logging device market. These platforms can be used on a driver?s smartphone and other devices to track information. The companies are shifting toward partnerships for developing technologies & platforms. Donlen made a partnership with Ford in April 2019, to provide fleet vehicle data services, which will use Transportation Mobility Cloud (TMC), an open platform by Ford, allowing the integration of current vehicle data with Ford?s modems.

Major Highlights from Table of contents are listed below for quick lookup into Electronic Logging Device Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Electronic Logging Device Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Electronic Logging Device Market Statistical model and forecast
  • Industry insights and validation
  • Electronic Logging Device Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Electronic Logging Device industry 360º synopsis - 2025
  • Electronic Logging Device Business trends
  • Region trends

Chapter 5. Electronic Logging Device industry Insights

  • Electronic Logging Device Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Electronic Logging Device Market Growth potential analysis

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