Electronic Logging Device (ELD) Market Insights, Share & Growth Trends 2022 to 2027

Markntel Advisors’ report, Electronic Logging Device (ELD) Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2027, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Electronic Logging Device (ELD) presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Electronic Logging Device (ELD) Market Research Report & Market Summary:

The Global Electronic Logging Device (ELD) Market is expected to grow at a CAGR of around 3.85% during the forecast period, i.e., 2022-27. With the increasing consumer reliance on IT integrated mobility and the burgeoning demand for e-commerce, automotive rentals, & ride-sharing services across the globe, there exists a persistent call for commercial vehicles to integrate ELD technology in fleet management.

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Electronic Logging Device (ELD) Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

By Vehicle Type

Light Commercial Vehicle
- Light Trucks
- Light Bus
Medium & Heavy Commercial Vehicle
- Trucks
- Bus
- Trailers
- Others
Passenger Cars
Others

Of them all, the Light Commercial Vehicles segment is expected to gain significant momentum in the Global Electronic Logging Device Market during 2022-27, owing to the increasing demand for digitally integrated solutions in the automotive sector and expanding logistics chains. Operational expenses are a crucial part of any business strategy, and fleet managers always intend to minimize the running & maintenance costs of vehicles without impacting the outcomes.

By Installation

Embedded
Externally Integrated

Here, the Embedded segment is expected to acquire a significant market share owing to the burgeoning demand for digitally integrated commercial vehicles due to the increase in tourism activities & logistics services globally.

By Components

Engine Module
Display
Telematics

By Region

North America
South America
Europe
Middle East & Africa
Asia Pacific.

Of them all, North America has been portraying a noticeable market growth since 2017. The United States completely dominated the regional market, with the share exceeding 80% in 2021.

As indicated in the latest market research report published by Markntel Advisors, “Electronic Logging Device (ELD) Research Report: Forecast (2022-2027)”, this report offers a detailed analysis of the industry, featuring insights into the Electronic Logging Device (ELD) industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/electronic-logging-device-eld-market.html

Top Companies Operating in the Electronic Logging Device (ELD) Market:

Arc Technologies, Inc.
BAE Systems Plc
Cuming Microwave Corporation
Eeonyx, Laird Technologies, Inc.
S.M. Industries, Inc.
Mast Technologies
Micromag
MWT-Materials, Inc.
Panashield
Parker Hannifin Corp
Soliani EMC S.R.L.

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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