The global electronic logging device market, by new vehicle service and aftermarket service, is expected to be USD 12.5 billion in 2020 and is projected to reach USD 16.6 billion by 2027 with CAGR of 4.13% . Automotive electronic logging device (ELD/E-Log) is an electronic device that is used in a commercial vehicle to monitor or track working hours of the professional truck/ bus drivers and commercial motor carriers on the basis of hours of service compliance (HOS). The ELD helps the driver and manager to track the motion time of the truck, as the ELD is linked with the engine of the truck.
It records the duration of the movement of the truck, the time the driver was on-duty, duration the driver was off-duty, and the time period the driver was on-duty but not driving. These activities can be tracked through the electronic logging device. ELD is the latest version of the record of duty (ROD) device. Earlier, Automatic On-Board Recording Device (AOBRD) and Electronic On-Board Recorder (EORBD) devices were employed to record the duration the driver was working or driving.
The E-log can also maintain records of the time, date, location, vehicle miles driven, engine hours, and identity of the driver. This data can be recorded automatically after every 60 minutes at all driving times. Stringent government rules mandating the incorporation of the ROD device in commercial vehicles in order to record and fulfill the hours of service compliance (HOS) is a major factor boosting the automotive electronic logging device (ELD/E-Log) market. These devices are more effective than paper records, as the current location and all other vehicle information can be directly uploaded on the system and server.
ELD is also replacing the earlier systems, processes, and devices that were used record and document information about the fleet. Moreover, policies enacted by the government that mandate the use of ELDs, multitasking, and data records that simplify and organize the documents are major factors that are expected to boost the automotive electronic logging device (ELD/E-Log) market during the forecast period. Use of EORBD and AORBD devices, which are less efficient as compared to ELD, is a key factor that is projected to hamper the global ELD market during the forecast period.
Key players operating in the automotive electronic logging device (ELD/E-Log) market include HOS247 LLC, Assure Tracking, AT&T Fleet Complete, ATS Fleet Management Solutions, BigRoad, Blue Ink Technology, Blue Tree Systems, CarrierWeb, Continental Automotive Systems Inc., Coretex, Dispatching Solutions, Drive Inc., DRIVERTECH, Eclipse Software Systems, E-Log Plus, ELD Solutions, EROAD, FleetmaticsFleetUp, Forward Thinking Systems, Garmin International, GeoSpace Labs, Geotab.
The European electronic logging device market is estimated to hold the largest market share in 2019. In 2006, digital tachographs were mandated in 27 European countries for commercial vehicles. Europe is expected to witness the shift of OEMs from not only manufacturing but also 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 market in Europe. However, players in the region are focusing on R&D and innovations to maximize ROIs. The ongoing and upcoming organic and inorganic growth strategies devised by players in the market would lead to a significant upsurge in the market in Europe.
It records the duration of the movement of the truck, the time the driver was on-duty, duration the driver was off-duty, and the time period the driver was on-duty but not driving. These activities can be tracked through the electronic logging device. ELD is the latest version of the record of duty (ROD) device. Earlier, Automatic On-Board Recording Device (AOBRD) and Electronic On-Board Recorder (EORBD) devices were employed to record the duration the driver was working or driving.
The E-log can also maintain records of the time, date, location, vehicle miles driven, engine hours, and identity of the driver. This data can be recorded automatically after every 60 minutes at all driving times. Stringent government rules mandating the incorporation of the ROD device in commercial vehicles in order to record and fulfill the hours of service compliance (HOS) is a major factor boosting the automotive electronic logging device (ELD/E-Log) market. These devices are more effective than paper records, as the current location and all other vehicle information can be directly uploaded on the system and server.
ELD is also replacing the earlier systems, processes, and devices that were used record and document information about the fleet. Moreover, policies enacted by the government that mandate the use of ELDs, multitasking, and data records that simplify and organize the documents are major factors that are expected to boost the automotive electronic logging device (ELD/E-Log) market during the forecast period. Use of EORBD and AORBD devices, which are less efficient as compared to ELD, is a key factor that is projected to hamper the global ELD market during the forecast period.
Key players operating in the automotive electronic logging device (ELD/E-Log) market include HOS247 LLC, Assure Tracking, AT&T Fleet Complete, ATS Fleet Management Solutions, BigRoad, Blue Ink Technology, Blue Tree Systems, CarrierWeb, Continental Automotive Systems Inc., Coretex, Dispatching Solutions, Drive Inc., DRIVERTECH, Eclipse Software Systems, E-Log Plus, ELD Solutions, EROAD, FleetmaticsFleetUp, Forward Thinking Systems, Garmin International, GeoSpace Labs, Geotab.
The European electronic logging device market is estimated to hold the largest market share in 2019. In 2006, digital tachographs were mandated in 27 European countries for commercial vehicles. Europe is expected to witness the shift of OEMs from not only manufacturing but also 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 market in Europe. However, players in the region are focusing on R&D and innovations to maximize ROIs. The ongoing and upcoming organic and inorganic growth strategies devised by players in the market would lead to a significant upsurge in the market in Europe.
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