Electronic Logging Device Market by Component (Display, Telematics unit) - Global Forecast to 2025

1. Electronic Logging Device Market by Component (Display, Telematics unit) - Global Forecast to 2025 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. Major driving factors of the market is ELD mandate for fleet management in North America and in some of the Asian countries like Japan and South Korea. In Addition to that, the growing need for operational efficiency in fleet-owning organizations will also play a crucial role in market. Europe is expected to be the largest market for electronic logging device during the forecasted period because of the strictly implemented regulations related to electronic logging device. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=48299833 “Embedded electronic logging device is expected to be the largest segment of the electronic logging device market” Embedded electronic logging device is expected to be the largest segment because of the rapid adoption of electronic logging device in developed regions, particularly in North America and Europe. 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 high installation cost. Due to the increasing government regulations regarding the safety of drivers and vehicles, regulations related to ELD are expected to be implemented in the coming years in countries such as Russia, Brazil, and China. All such factors are driving the embedded electronic logging device market. “Telematics unit is expected to hold the largest market share over the forecast period” By component, telematics unit is estimated to be the largest segment of the electronic logging device market. Telematics unit is the standard fitment in electronic logging device and is the only core component for any electronic logging device. Telematics unit is a system mounted in a vehicle, which measures the performance of the driver as well as the vehicle. It facilitates services like calculating the driver’s hours of service; monitoring the vehicle’s condition, fuel efficiency, and tax report; and transmitting data through a GSM module. Telematics unit of an electronic logging device includes electronic logs, CO2 emission, vehicle inspection, fuel tracking, temperature monitoring, and more. It also includes a Global System for Mobile Communication (GSM), which enables communication between the driver and the fleet owner at any place and time. It also offers other features, including e-call, breakdown assistance, vehicle theft tracking, driver monitoring, and e-toll. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=48299833 Key Questions addressed by the report •Which type of form factor is going to dominate in electronic logging device market in the future?

2. •How are the industry players addressing the challenge of maintaining a balance between performance and low-cost electronic logging device? •Which type of service package is expected to dominate the service market? •What could be the market size of electronic logging device for new vehicle service? •What could be the market size of electronic logging device for aftermarket service? View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/electronic-logging- device-market-48299833.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarkets.com