DUBLIN--(BUSINESS WIRE)--The "Electronic Logging Devices (ELDs) Market 2019-2023 by Component and Geography - Global Forecast 2019-2023" report has been added to ResearchAndMarkets.com's offering.
Use of ELDs to enhance the quality of driving
The adoption of electronic logging devices is increasing significantly as it helps commercial vehicle owners in tracking the driving patterns of drivers. The use of ELDs also provides real-time notifications to drivers on the condition of the vehicle components, which eases maintenance and repair work.
Such benefits are fueling the increased adoption of ELDs to improve road safety and business efficiency. Thus, the use of ELDs to enhance the quality of driving will fuel the growth of the ELDs market at a CAGR of almost 4% during the forecast period.
This electronic logging devices market analysis considers the revenues generated based on components that include telematics unit, engine module, and external display. The analysis also considers the sales of electronic logging devices in North America, Europe, APAC, MEA, and South America.
In 2018, the telematics unit segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the cost savings will play a significant role in the telematics unit segment to maintain their market position.
Also, the market report looks at factors such as the use of ELDs to enhance the quality of driving, rising preference for road transportation, and need to comply with regulatory requirements. However, the shortage of drivers due to the use of ELDs, availability of counterfeit and non-standard ELDs, and threat of cyber-attacks may hamper the growth of the electronic logging devices industry over the forecast period.
Integration of mobile devices with ELD
Mobile devices are increasingly being integrated with ELD to track the various aspects of vehicles and service requirements. Application developers are increasingly focusing on introducing electronic logging devices-related apps for smartphones for capitalizing on the growing need for tracking vehicle behavior.
These applications can help drivers in tracking their time and can sync data between company electronic logging devices and the drivers' smartphones. Thus, the integration of mobile devices with ELD will be a key ELD market trends that will fuel the growth of the market during the forecast period.
With the presence of several major players, the global electronic logging devices market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electronic logging devices manufacturers that include: Donlen Corp, Geotab, Omnitracs, Teletrac Navman US, and Trimble.
Also, the electronic logging devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY COMPONENT
- Comparison by component
- Telematics unit - Market size and forecast 2018-2023
- Engine module - Market size and forecast 2018-2023
- External display - Market size and forecast 2018-2023
- Market opportunity by component
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Use of analytics with ELDs
- Integration of mobile devices with ELD
- Growing number of EVs
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Donlen Corp.
- Geotab Inc.
- Omnitracs LLC
- Teletrac Navman US Ltd.
- Trimble Inc.
For more information about this report visit https://www.researchandmarkets.com/r/oioaaa