Growing Need for Operational Efficiency in Fleet Owning Organizations
Author: Rechal Dey
According to the market research report electronic logging device market by Component (Display, Telematics unit), Form factor (Embedded, Integrated), New & Aftermarket Service (Entry Level, Intermediate, High-End), Vehicle Type (Truck, Bus, LCV), and Region - Global Forecast to 2025The global electronic logging device market is expected to grow in near future because of upcoming ELD mandate for fleet management in North America and also in some of the Asian countries. In addition to that, the growing need for operational efficiency in fleet owning organizations will also play a crucial role in the growth of the electronic logging device market. The global electronic logging device market, by new vehicle service and aftermarket service, is expected to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025. Don’t miss out on business opportunities in electronic logging device market. Download our free PDF Brochure and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=48299833 Integrated electronic logging device is expected to be the fastest growing market because of the rapid adoption of electronic logging device in emerging countries like India, China, and Brazil. Embedded electronic logging devices offer more features and are secure and reliable. However, the high cost of these systems is a limitation for many fleet owners. Integrated systems, on the other hand, are cheaper and do not require a large installation cost. The integrated electronic logging devices offer services with the integration of the user’s smartphone or any other handheld device, within the vehicle.
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https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=48299833 Display market is expected to grow at the fastest rate over the forecast period. As of now adoption rate of display unit is low due to additional cost to the electronic logging device. Display is not a standard component for electronic logging device as it depends on the user’s requirement. Cost is the major reason behind the low adoption of display in small fleet owners group. However, it is expected that display will have significant adoption in the future due to its benefits. A display unit consists of hardware and software that provide fleet owners and drivers with different kinds of information and entertainment.
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70 - Tables
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140 – Pages
Intermediate services are expected to hold the largest market for new vehicle sales as well as aftermarket sales. Intermediate services are the service package that includes entry-level services along with some add-on services. The add-on services include ELD compliance, GPS tracking, and alerts. These services are mostly subscribed by mid- and upper mid-sized fleet owners.
The electronic logging device market is dominated by global players and includes several regional players. Some of the key players in the electronic logging device market are Omnitracs (US), Trimble (US), Geotab (Canada), Donlen (US), and Teletrac Navaman (US).