The global Automotive Logging Devices market size reached US$13.10 billion in 2021 and is projected to reach US$17.66 billion by 2027, growing at a CAGR of 4.60% from 2022-2027.
SHERIDAN, WYOMING, USA, July 27, 2022 /EINPresswire.com/ — The latest research study “Automotive Logging Devices Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027 by IMARC Group, concludes that the global Automotive Logging Devices market size reached a value of US$13.10 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$17.66 billion by 2027 growing at a CAGR of 4.60% in 2022-2027.
Electronic Logging Devices (ELDs), commonly referred to as Automotive Logging Devices (ALDs), are tools used in vehicles to track driving time and keep records of employee hours (HOS). It consists of a vehicle-connected tracking gadget, smartphone app, or fleet management software. Automotive logging devices are installed in on-board diagnostic (OBD) ports of vehicles to collect data on engine power, movement, hours, hours, and condition. They support performing vehicle diagnostics for things like route management, location tracking, fuel efficiency, streamlining operations, and more. For this reason, automotive logging devices are widely used in trucks, buses, light commercial vehicles and cars, etc.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Automotive Logging Devices Market Trends and Drivers:
The expansion of automotive industry across the countries is majorly driving the automotive logging devices market. Further, the widespread use of these instruments to check the condition of vehicle components and track the working hours of drivers is further increasing the market growth.
Apart from this, the integration of automotive logging devices with smartphones to detect issues and record information on automobiles is also catalyzing the global market. Additionally, the growing popularity of Internet of Things (IoT) enabled sensors for remote engine health monitoring is acting as another significant growth driver.
In addition, growing need for commercial vehicles and trucks and implementation of stringent vehicle safety regulations by government bodies to ensure passenger safety is expected to bolster the automotive logging device market in the coming years. .
Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
2022-2027 Global Automotive Logging Devices Market Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG).
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The report has segmented the market based on region, component, service type, form factor, and vehicle type.
Breakdown by component:
Breakdown by type of service:
Breakdown by form factor:
Breakdown by type of vehicle:
Light commercial vehicles
Breakdown by region:
North America: (United States, Canada)
Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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