Electronic Logging Devices Segmentation
Vehicle Type (Light Commercial Vehicle, Truck, Bus)
The Truck segment in the electronic logging device market is estimated to gain the largest revenue share of about 40% in the year 2037. The growth of the segment can be attributed to the rising use of electronic logging devices in trucks and the growing need to lower the inspection time of trucks. As of May 2019, more than half of the 4 million trucks required to install ELDs had not done so. Moreover, truck driver inspections that resulted in at least one service violation fell considerably from over 1% to less than 1 percent between December 2017 and June 2019.
Form Factor (Embedded, Integrated)
Electronic logging device market from the embedded segment of is predicted to be the largest segment due to the adoption of digital logging machines in developed regions, especially in North America and Europe. Embedded digital logging devices offer more features, and are reliable, and secure. However, a lot of fleet owners have a problem with the exorbitant cost of these structures. On the other hand, integrated systems are more economical and no longer need a high setup fee. Policies relating to Automotive Electronic Logging Devices are anticipated to be implemented in the upcoming years in countries like Russia, Brazil, and China due to the expanding number of government regulations about the security of motorists and automobiles. These features are all dependent on the embedded market.
Our in-depth analysis of the global electronic logging device market includes the following segments:
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