The global Electronic Logging Device Market, by new vehicle service and aftermarket service, is expected to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025. Major driving factors of the market is ELD mandate for fleet management in North America and in some of the Asian countries like Japan and South Korea. In Addition to that, the growing need for operational efficiency in fleet-owning organizations will also play a crucial role in market. Europe is expected to be the largest market for electronic logging device during the forecasted period because of the strictly implemented regulations related to electronic logging device.

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“Embedded electronic logging device is expected to be the largest segment of the electronic logging device market”

Embedded electronic logging device is expected to be the largest segment because of the rapid adoption of electronic logging device in developed regions, particularly in North America and Europe. Embedded electronic logging devices offer more features and are secure and reliable. However, the high cost of these systems is a limitation for many fleet owners. Integrated systems, on the other hand, are cheaper and do not require a high installation cost. Due to the increasing government regulations regarding the safety of drivers and vehicles, regulations related to ELD are expected to be implemented in the coming years in countries such as Russia, Brazil, and China. All such factors are driving the embedded electronic logging device market.

“Telematics unit is expected to hold the largest market share over the forecast period”

By component, telematics unit is estimated to be the largest segment of the electronic logging device market. Telematics unit is the standard fitment in electronic logging device and is the only core component for any electronic logging device. Telematics unit is a system mounted in a vehicle, which measures the performance of the driver as well as the vehicle. It facilitates services like calculating the driver’s hours of service; monitoring the vehicle’s condition, fuel efficiency, and tax report; and transmitting data through a GSM module. Telematics unit of an electronic logging device includes electronic logs, CO2 emission, vehicle inspection, fuel tracking, temperature monitoring, and more. It also includes a Global System for Mobile Communication (GSM), which enables communication between the driver and the fleet owner at any place and time. It also offers other features, including e-call, breakdown assistance, vehicle theft tracking, driver monitoring, and e-toll.

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Key Questions addressed by the report

• Which type of form factor is going to dominate in electronic logging device market in the future?
• How are the industry players addressing the challenge of maintaining a balance between performance and low-cost electronic logging device?
• Which type of service package is expected to dominate the service market?
• What could be the market size of electronic logging device for new vehicle service?
• What could be the market size of electronic logging device for aftermarket service?

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