Introducing the Global Electronic Logging Device (ELD) Market: An Insightful Research Report
A recently published research report by MarkNtel Advisors reveals compelling findings on the growth potential of the Global Electronic Logging Device (ELD) Market Size, Share, Growth, Demand, And Future FY2027. The report projects a robust expansion of approximately 3.85% CAGR during the period of 2022-27. Employing comprehensive analytical techniques, the researchers have meticulously examined market dynamics, presenting an array of statistical data spanning the historic years 2017-20 and the base year 2021. The findings are thoughtfully illustrated through graphs, diagrams, tables, and pie charts, offering stakeholders a clear understanding of the industry's trajectory and empowering them to make well-informed decisions.
In addition to providing an overarching industry overview, the report also encompasses business-oriented tactics, strategies, and revenue generation plans set forth by prominent players within the projected timeline. Furthermore, it conducts an assessment of the leading companies that hold the highest stakes in the market.
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Key Aspects Covered in the Global Electronic Logging Device (ELD) Market Report -
The report highlights significant developments, trends, the introduction of new services, expansions in product portfolios, revenue generation, stakeholder investments, growth strategies, and the influence of governments. These parameters collectively aim to enlighten stakeholders and enable them to make informed decisions.
Key Driver: Increasing Government Regulations Regarding the Safety of Drivers Vehicles
ELDs accurately record their driving times, making it more comfortable and faster to track, manage, share and improve the accuracy of a driver’s hours of service record, thereby helping drivers be less tired and stay within legally allowed driving hours.
Considering these advantages for the safety of drivers vehicles, governments are moving towards enforcing the ELD mandate. For instance:
- In 2017, the US passed implemented the ELD mandate for all commercial vehicles running in the country.
- On the other hand, the Canadian ELD regulations are likely to be implemented from 2022 onwards.
Hence, these significant initiatives would also encourage other countries to shift toward ELDs, which would drive the global market in the coming years.
Segmentation Analysis of Global Electronic Logging Device (ELD) Market –
The report features a comprehensive analysis of all segments profiled in the Global Electronic Logging Device (ELD) Market research report, highlighting their expansion across different geographic regions. It provides in-depth insights into the overall size and volume of products/services, along with an examination of their demand and industry fluctuations. Furthermore, the report familiarizes stakeholders with demand, production, and distribution mapping, providing valuable insights into potential growth opportunities in the coming years.
The segmentation analysis is as follows -
By Vehicle Type
- Light Commercial Vehicle
-- Light Trucks
-- Light Bus
- Medium Heavy Commercial Vehicle
-- Trucks
-- Bus
-- Trailers
-- Others
- Passenger Cars
- Others
By Installation
- Embedded
- Externally Integrated
By Components
- Engine Module
- Display
- Telematics
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Top Companies in Global Electronic Logging Device (ELD) Market
- Blue Ink Technology, Inc
- ATT Inc
- CarrierWeb LLC
- Donlen Corporation
- Garmin Ltd
- Geotab Inc
- KeepTruckin Inc
- Omnitracs LLC
- ORBCOMM Inc
- Pedigree Technologies LLC
- Samsara Inc
- Stoneridge Inc
- Teletrac Navaman US Ltd
- TomTom International BV
- Transflo
Recent Developments in the Global Market
- In March 2018, Samsara raised USD 50 million from General Catalyst Andreessen Horowitz to promote expansion in its logistics management, coupled with the transportation business, i.e., adding over 1700 new customers each quarter. This funding intends to scale customer support while innovating new technologies to serve thousands of new customers by expanding the platform with new sensors, software, and AI-driven data analytics.
- Moreover, in July 2021, Samsara partnered with EVgo, the largest public Electric Vehicle (EV) fast-charging network in the US, to help consumers augment their transition to EVs.
Geographical Coverage –
The Global Electronic Logging Device (ELD) Market spans across the following regions/countries:
- North America
- South America
- Europe
- Middle East Africa
- Asia Pacific
Reasons to Buy the Global Electronic Logging Device (ELD) Market Report -
- The Global Electronic Logging Device (ELD) Market research report offers unbiased and accurate insights into the ever-evolving industry landscape. It equips stakeholders with the necessary understanding of key trends shaping the market, enabling them to develop effective business strategies. This study serves as a valuable tool for gauging the market's growth potential and understanding the competitive landscape, aiding strategic investments.
- In conclusion, the research report by MarkNtel Advisors presents a compelling and insightful analysis of the Global Electronic Logging Device (ELD) Market. With its meticulous research methodology, comprehensive data representation, and in-depth examination of key market dynamics, the report serves as a valuable resource for industry stakeholders.
- By providing a detailed overview of the market's historical performance and projecting its future growth, the report equips stakeholders with a solid foundation for decision-making. The comprehensive analysis of revenue generation across different geographical segments offers a nuanced understanding of market trends and consumer behaviours, enabling businesses to align their strategies accordingly.
- The research report's credibility stems from the unbiased and accurate data gathered using robust analytical tools such as SWOT and PESTLE analysis. These methodologies ensure that the information presented is objective and reliable, and enable stakeholders to make well-informed decisions.
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Explore the Report's Framework: Get Oriented with the Table of Contents for a Clear Understanding
- - Market Segmentation
- - Introduction
- - Executive Summary
- - Market Porters Five Forces Analysis
- - Market Technological Changes
- - Market Trends Insights
- - Market Dynamics
In summary, the research report by MarkNtel Advisors offers an in-depth and comprehensive analysis of the Global Electronic Logging Device (ELD) Market. By providing valuable insights into market dynamics, trends, and competitive landscape, the report empowers stakeholders to make informed decisions, seize opportunities, and stay ahead in this dynamic industry.
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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