Automotive Logging Device Market Report by Component (Display, Telematics Unit, and Others), Service Type (Entry Level, Intermediate, High Level), Form Factor (Integrated, Embedded), Vehicle Type (Light Commercial Vehicles, Trucks, Bus, Cars), and Region 2024-2032
The global automotive logging device market size reached USD 14.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 21.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
USD 14.5 Billion
Market Forecast in 2032
USD 21.0 Billion
Market Growth Rate (2024-2032)
4.1%
An automotive logging device, or electronic logging device (ELD), refers to an electronic device used in vehicles to track and monitor the driving time and maintain hours of service (HOS) records. It consists of a vehicle tracking device that connects to the vehicle, fleet management software and a mobile application. Automotive logging devices are plugged into the onboard diagnostics (OBD) port of the vehicle that gathers information regarding the distance covered, engine condition, power, hours and vehicle movement directly from the engine. They are widely used in trucks, buses, light commercial vehicles and cars. The devices aid in conducting vehicle diagnostics for route management, location tracking, optimizing fuel consumption and increasing productivity and streamlining operations.
Automotive Logging Device Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Automotive logging devices are widely used in transportation vehicles for periodically checking the health of vehicular components and tracking the working hours of the drivers. Additionally, the increasing product demand for continuous vehicle condition monitoring and improving the response time to equipment defects and vehicle breakdowns is favoring the market growth. Moreover, various product innovations, such as integration of automotive logging devices with smartphone applications for detecting issues and recording vehicle information, are favoring the market growth. In line with this, the utilization of the Internet of Things (IoT)-enabled sensors for real-time monitoring and remote tracking of engine health is positively impacting the market growth. Other factors, including the implementation of various government initiatives towards the safety and security of vehicles and passengers, along with the increasing consumer demand for commercial vehicles and trucks, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive logging devicemarket report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on component, service type, form factor and vehicle type.
Breakup by Component:
Display
Telematics Unit
Others
Breakup by Service Type:
Entry Level
Intermediate
High Level
Breakup by Form Factor:
Integrated
Embedded
Breakup by Vehicle Type:
Light Commercial Vehicles
Trucks
Bus
Cars
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG).
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Billion USD
Segment Coverage
Component, Service Type, Form Factor, Vehicle Type, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG).
Customization Scope
10% Free Customization
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global automotive logging device market was valued at USD 14.5 Billion in 2023.
We expect the global automotive logging device market to exhibit a CAGR of 4.1% during 2024-2032.
The rising integration of automotive logging devices with smartphone applications to detect issues and record vehicle information, is primarily catalyzing the global automotive logging device market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of various manufacturing units in
automotive sector, which in turn, is negatively impacting the automotive logging device market.
Based on the component, the global automotive logging device market has been segmented into
display, telematics unit, and others, where telematics unit holds the majority of the total market share.
Based on the service type, the global automotive logging device market can be divided into entry level,
intermediate, and high level. Among these, intermediate service currently exhibits a clear dominance in
the market.
Based on the form factor, the global automotive logging device market has been categorized into
integrated and embedded. Currently, embedded device accounts for the largest market share.
Based on the vehicle type, the global automotive logging device market can be bifurcated into light
commercial vehicles, trucks, bus, and cars. Among these, light commercial vehicles currently represent
the majority of the global market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global automotive logging device market include AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation), and Zonar Systems (Continental AG).
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