Electronic Logging Device Market Size By Component (Engine Module, Display, Telematics), By Form Factor (Embedded, Integrated), By Vehicle Type (Truck, Bus, LCV), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025

Published Date: May 2019  |  Report ID: GMI3320  |  Authors: Preeti Wadhwani, Shubhangi Yadav

Report Format: PDF   |   Pages: 160   |   Base Year: 2018

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Electronic Logging Device Market size estimated at around USD 11.5 billion in 2018 and will grow at a CAGR of over 4% from 2019 to 2025.

Electronic Logging Device Market

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The electronic logging device market is expected to grow over the forecast timeframe due to the growing need to improve the efficiency in fleet management services. The devices are used mainly to record the driving hours of commercial vehicles. The countries in Europe and North America have witnessed rapid growth in the market due to the stringent regulatory framework in countries such as the U.S. The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) has provided a mandatory rule for all motor carriers to use Electronic Logging Devices (ELDs) on all trucks and commercial buses, which came into effect from December 2017.

In addition, the benefits offered by these devices such as vehicle monitoring, driver safety, fleet management, and integrated supply chain are creating several opportunities for the market growth. The ELDs not only record the driving hours but also detect a vehicle’s location via GPS, read the ignition & power status, mileage, motion status, and engine hours. Moreover, these devices are used to report tampering or detect malfunctions. These devices offer secure & reliable features for tracking various vehicle situations.

Electronic Logging Device Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 11.5 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 4% 2025 Value Projection: 16 Billion (USD)
Pages: 160 Tables, Charts & Figures: 180
Geographies covered (15): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Poland, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia
Segments covered: Component, Form Factor, Vehicle Type and Region
Companies covered (18): AT&T Fleet Complete, Blue Ink Technology, CarrierWeb, Donlen, Garmin ELD, Geotab, KeepTruckin, Omnitracs, ORBCOMM, Pedigree Technologies, Samsara, Stoneridge, Teletrac Navaman, TomTom Telematics, Transflo, Trimble, Verizon Connect, Wheels Inc.
Growth Drivers:
  • Stringent regulations in the U.S. and Europe
  • Need of operational efficiency due to shortage of drivers and truck fleet capacity
  • Growth in trucks demand in BRICS countries
  • Increased digitization in transport and logistics
  • Increasing service offerings by transport companies for supply chain management
Pitfalls & Challenges:
  • High costs of embedded systems
  • Resistance from drivers due to the hours of service rule
  • Difficulties in switching from paper logs to electronic systems

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Electronic Logging Device Market, By Component

The telematics segment is projected to contribute significantly to the electronic logging device market over the forecast period. Increasing developments in telematics services are enabling enhanced connectivity within the value chain requiring a smaller number of trucks to handle a greater transport volume, driving the industry demand for improved operational efficiency. The technology is also used to measure the performance of drivers and vehicles and is a core component in the industry.

The telematics software services can provide information regarding fuel efficiency, temperature monitoring, vehicle tracking, vehicle condition monitoring, tax report, and data transmission through a GSM module. The market is expected to witness a significant increase in the use of telematics units due to a wide range of features and ease of operation. The growth in electronics and computer technologies has pushed the capabilities of telematics units to collect & transmit the information for the high productivity of vehicles.

Electronic Logging Device Market, By Form Factor

The integrated electronic logging device market will grow significantly in the future due to its low cost compared to the embedded system. Embedded systems consist of a display implemented in the device itself for providing information and other operations such as vehicle monitoring & diagnostics. Omnitracs, one of the leading players in the market, provides such display embedded ELDs. The Intelligent Vehicle Gateway (IVG) introduced by Omnitracs comprises a touchscreen to operate the electronic logging device. Such embedded devices offer comparatively more features and are also secure & reliable, witnessing wide adoption in the industry.

Many commercial vehicles are factory implemented with such devices, especially in the developed countries. However, the embedded systems incur high vehicle costs, which are not preferred by fleet owners. On the other hand, the integrated systems, which use mobile devices, such as smartphones, are much cheaper and do not require high installation cost.

Electronic Logging Device Market, By Vehicle Type

The trucking industry dominates the global market and is expected to grow at a CAGR of over 4% from 2019 to 2025. There has been a high demand for the transportation of varied goods globally while challenges, such as a shortage of drivers and truck capacity, have made it crucial to manage the available resources with high efficiency. This has given a considerable lift to the use of advanced fleet management systems and technology in trucks. The global industry is expected to benefit from the growth of the commercial vehicle industry driven by countries including India and China. The LCV has been in demand, especially in the countries in Asia Pacific, due to growth in the middle-class population. The sensor technology developments, artificial intelligence, and advanced computing capabilities are pushing forward the implementation of these advanced devices in light commercial vehicles.

Electronic Logging Device Market, By Region

Europe electronic logging device industry by country

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The European region has a mandatory regulation for implementing a type of electronic logging device known as digital tachograph. This device has been made mandatory in Europe since 2006 on all commercial vehicles having GVWR more than 3.5 tons. As a result, the region has most of its commercial vehicles embedded with these devices, driving the electronic logging device market growth. The growing demand for operational efficiency and considerably large sales of commercial vehicles are the key factors for the industry growth in Europe. 

The enforcement of several stringent regulations for the deployment of ELDs in the U.S. will be a major driver for the market in the region. The U.S. trucking industry has flourished over the years. According to the American Trucking Association (ATA), the U.S. freight transport will increase to 20.73 billion tons by 2028.

Competitive Market Share

Keeptruckin, Omnitracs, Teletrac Navaman, and Geotab Gand Donlen are some of the leading players in the electronic logging device market.  Moreover, there are several regional & local companies providing these devices and solutions. The companies are focusing on new product developments to gain a competitive advantage in the industry. Manufacturers are now focusing to add value to the devices with more enhanced software & hardware solutions. In March 2019, Omnitracs acquired Blue Dot Solutions to increase the company’s focus on the development of advanced fleet management software.  The companies providing the fleet management software are focusing on implementing multiple functionalities in the devices. Donlen, in April 2019, partnered with an AI technology company, Nauto to develop safer AI-based solutions for fleet management.

Industry Background

The electronic logging devices came into focus with the growing demand for consistent vehicle data monitoring and effective management of fleet. Earlier, Electronic On-Board Recorders (EOBR) was used to measure a vehicle’s hours of service. However, the data formats were not consistent with these systems. The digitalization in the trucking industry is pushing forward the use of telematics solutions & displays in the market. The developments in electronics and communication technologies have played a major role in industry growth. The trucking industry has been inclined toward increasing efficiency & productivity, which means fewer commercial vehicles will be expected to carry a greater number of goods.

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