Automotive Logging Device Market worth USD 18.7 billion by 2030

The Market Statsville Group (MSG) publishes the new report on the "Automotive Logging Device Market by Service Type (Entry Level, Intermediate, and High Level), by Vehicle Type (Light Commercial Vehicles, Trucks, Bus, and Cars), by Component (Display, Telematics Unit, and Others (Cables, Connectors, and Mounting)), by Form Factor (Integrated and Embedded), by Region – Global Share and Forecast to 2030".

The global automotive logging device market size is projected to grow at a CAGR of 4.1% to reach 18.7 billion by 2030 from USD 13.6 billion in 2021. Significant factors positively affecting the automotive logging device market include increasing government mandate towards safety and security of the vehicle and increasing trends towards vehicle condition monitoring. However, the high cost associated with automotive logging devices and the slow adoption of electronic logging devices in emerging economies hampers the market's growth. Furthermore, growth in services offered by transport companies and increasing demand for commercial vehicles and trucks are expected to offer lucrative opportunities for market growth in the coming years.

Global Automotive Logging Device Market Segmentation

The automotive logging device market has been segmented into the service type, vehicle type, component, form factors, and region.

By Service Type Outlook (Sales, USD Million, 2017-2030)

• Entry Level
• Intermediate
• High Level

By Vehicle Type Outlook (Sales, USD Million, 2017-2030)

• Light Commercial Vehicles
• Trucks
• Bus
• Cars

By Component Outlook (Sales, USD Million, 2017-2030)

• Display
• Telematics Unit
• Others
  • Cables
  • Connectors
  • Mounting

By Form Factor Outlook (Sales, USD Million, 2017-2030)

• Integrated
• Embedded

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • the Netherlands
  • Belgium
  • Norway
  • Denmark
  • Czech Republic
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • the Philippines
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

Trucks, by vehicle type, hold the largest market share during the forecast period

Based on vehicle type, the global automotive logging device market is segregated into light commercial vehicles, trucks, buses, and cars. The trucks segment generated the highest revenue of 30.5% of the total global automotive logging device market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. Automotive Electronic Logging Device is used in trucks to monitor or track the working hours of the professional truck drivers and commercial motor carriers based on hours of service compliance. It ensures the safety and security of the vehicle and the driver. The ELD helps the driver and manager to track the motion time of the truck; it also records the duration of the movement of the truck, the time the driver was on-duty, duration the driver was off-duty, and these activities can be tracked through the electronic logging device.

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Europe accounts for the largest market share in the automotive logging device market

Region-wise segmentation of the automotive logging device market is segmented into North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Europe accounted for the highest market share of 35.9% in the global automotive logging device market and was anticipated to maintain its dominance throughout the forecast period. The demand for electronic logging devices has increased significantly. In coming years, the European automotive Original Equipment Manufacturers are delivering vehicles with inbuilt electronic logging systems, thereby contributing significantly to the Europe electronic logging system industry's growth.

Advancement in automotive electronics has contributed towards the evolution of electronic logging devices with the integration of displays and interface devices for driver convenience and automatic selection. BigRoad has launched new features that give drivers even more power and flexibility; it introduced Personalized Load Matching Platform for Drivers in the automotive logging device market.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the automotive logging device market. It also consists of the profiles of leading companies such as AT&T Business, Coretex, DriverTech, ELD Solutions, Blue Tree System, Garmin International, Omnitracs LLC., Teletrac Navman, Geotab Inc., and Zonar Systems. These market players have focused on acquisitions and expansion to gain a larger market share in the automotive logging device market.

Browse complete report: https://www.marketstatsville.com/automotive-logging-device-market

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