According to the research report titled ‘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 (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Poland, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025’, available with MarketStudyReport, electronic logging device market is anticipated to amass a valuation of USD 16 billion by the year 2025.

According to reliable estimates, features like vehicle tax reporting, driver style monitoring, as well as growing demand due to rising government mandates for driver’s hours of service are propelling electronic logging device market trends.

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Notably, shortage of drivers and management of large truck capacities have boosted the need for driver information such as driver logon/logoff, personal use, and certificate of driver's daily record in fleet management to maximise operational efficiency. These issues are further impelling the industry outlook.

Moreover, rising demand for trucks in BRIC nations, growing cognizance about video telematics, vehicle inspections, and tax reporting are improving vehicle safety which is in turn accelerating the market growth.

However, technical specifications and inability to achieve the needed technical criteria resulting in  deployment of low-cost systems are posing as threats to the development of worldwide electronic logging device marketplace.

Based on component, the industry is divided into display, engine module, and telematics. In terms of form factor, the market is split into integrated and embedded. On the basis of vehicle type, the marketplace is branched into LCV, bus, and truck.

Regionally, China & India markets hold a major revenue share at present, due to high demand for efficient freight transportation, expansion of commercial vehicle selling business, and increasing manufacturing activities & economic changes in these countries.

Wheels Inc, Verizon Connect, Trimble Inc, Transflo® (Pegasus Transtech LLC), TomTom International BV, Teletrac Navman US Ltd., Stoneridge Inc, Samsara Inc, Pedigree Technologies, LLC, Orbcomm Inc., Omnitracs, LLC, KeepTruckin Inc., Geotab Inc, Garmin eLog compliant ELD, Donlen Corporation, CarrierWeb LLC, Blue Ink Technology, and AT&T Fleet Complete are key players in global electronic logging device marketplace.