Electronic Logging Devices Market will register a CAGR of 4% during 2020-2024. The market’s growth momentum will Accelerate.
Use of ELDs enhances quality of driving | Rising preference for road transportation | Need to comply with regulatory requirements will be one of the major factors driving the growth of this market. Additionally, key Electronic Logging Devices (ELDs) Market trends such as the will also influence market growth during the forecast period.
Electronic Logging Devices (ELDs) Market Size
During the forecast period, the Electronic Logging Devices (ELDs) Market size will grow by $ 2.09 bn.
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Electronic Logging Devices (ELDs) Market : Vendors
The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Electronic Logging Devices (ELDs) Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Shortage of drivers due to use of ELDs | Availability of counterfeit and non-standard ELDs | Threat of cyberattacks will also challenge the growth of the companies.
AT&T Inc. | Donlen Corp. | Garmin Ltd. | Geotab Inc. | Omnitracs LLC | ORBCOMM Inc. | Samsung Electronics Co. Ltd. | TomTom International BV | Trimble Inc. | Verizon Communications Inc..list
are some of the companies covered in Technavio’s Electronic Logging Devices (ELDs) Market report for 2021-2025.
Electronic Logging Devices (ELDs) Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Electronic Logging Devices (ELDs) Market.
The Europe will account for the largest Electronic Logging Devices (ELDs) Market share and during 2021-2025, the region will contribute to 63% of the market’s growth.
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