Electronic Logging Device Market worth $16.6 billion by 2025

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MarketsandMarkets Presents

Electronic Logging Device Market worth 16.6
billion by 2025
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lectronic-logging-device-market-48299833.html
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The report "Electronic Logging Device Market by
Component (Display, Telematics unit), Form factor
(Embedded, Integrated), New Aftermarket Service
(Entry Level, Intermediate, High-End), Vehicle
Type (Truck, Bus, LCV), and Region - Global
Forecast to 2025", The Electronic Logging Device
Market is estimated to be USD 12.5 billion in
2018 and is projected to reach USD 16.6 billion
by 2025, at a CAGR of 4.13. Growing need for
operational efficiency in fleet owning
organizations will play a crucial role in
electronic logging device market. In addition to
that, upcoming as well as existing mandates
related to electronic logging device are
projected to drive the electronic logging device
market. Get The PDF Brochure For This Report
https//www.marketsandmarkets.com/pdfdownloadNew.
asp?id48299833 Browse 76 market data Tables
and 45 Figures spread through 163 Pages and
in-depth TOC on "Electronic Logging Device
Market
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lectronic-logging-device-market-48299833.html
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Intermediate service type is expected to be the
largest market for electronic logging device
market, by service type Intermediate services
are the service package that includes entry-level
services along with some add-on services. The
add-on services include ELD compliance, GPS
tracking, and alerts. These services are mostly
subscribed by mid- and upper mid-sized fleet
owners. Europe and North America are expected to
hold the largest market for intermediate services
as these regions have significant mid- and
large-sized fleet operations. With the increase
in fleet size, fleet owners need to have tracking
services, data management, data analysis, driver
hours of services, and more. To accommodate all
such requirements, fleet owners prefer
intermediate services. Display is expected to
be the fastest growing market for electronic
logging device market, by component
type Display market is expected to grow at the
fastest rate over the forecast period. As of now
adoption rate of display unit is low due to the
additional cost to the electronic logging device.
Display is not a standard component for
electronic logging device as it depends on the
users requirement.  Request Sample of the
report https//www.marketsandmarkets.com/requests
ampleNew.asp?id48299833
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Europe is expected to lead the electronic logging
device market for new vehicle service as well as
aftermarket service due to high vehicle
sales Europe is estimated to hold the largest
share of the electronic logging device market in
2018 because of the economic stability,
technological advancements, and almost 100
installation rate of digital tachographs in
commercial vehicles. The key countries of the
region are the UK, France, Spain, Russia, and
Germany. In 2006, digital tachographs were
mandated for commercial vehicles in 27 European
countries. Europe is expected to witness the
increasing focus of OEMs on not only
manufacturing but also on offering in-built
electronic logging device for commercial
vehicles. The ongoing and upcoming organic and
inorganic growth strategies devised by players in
the market would lead to a significant upsurge in
the electronic logging device market in
Europe. The electronic logging device market is
dominated by the global players and includes
several regional players. Some of the key players
in the electronic logging device market are
Omnitracs (US), Trimble (US), Geotab (Canada),
Donlen (US), and Teletrac Navaman (US). Speak to
Analyst _at_ https//www.marketsandmarkets.com/speakt
oanalystNew.asp?id48299833
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