+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

United States Electronic Logging Devices (ELDs) Market Report and Forecast 2024-2032

  • PDF Icon

    Report

  • 155 Pages
  • February 2024
  • Region: United States
  • Expert Market Research
  • ID: 5944473
United States Electronic Logging Devices (ELDs) Market Report and Forecast 2024-2032

Market Outlook

According to the report, the United States electronic logging devices (ELDs) market reached a value of USD 4.89 billion in 2023. Aided by the growing efforts to improve road safety, the market is projected to further grow at a CAGR of 4.8% between 2024 and 2032 to reach a value of USD 7.55 billion by 2032.

The push towards ELD adoption stems from a concerted effort to improve road safety by enforcing stricter adherence to HOS regulations, thereby reducing driver fatigue - a leading cause of commercial vehicle accidents. The Federal Motor Carrier Safety Administration (FMCSA) has been at the forefront of this initiative, advocating for the use of ELDs to facilitate easier and more effective monitoring of compliance with driving hours regulations.

According to the United States electronic logging devices (ELDs) market analysis, the ELD mandate is part of a broader movement towards digitalisation within the transportation sector, streamlining operations and enhancing efficiency. By automating the recording of driving hours, ELDs not only help in compliance management but also offer fleet operators insights into vehicle performance and operational dynamics, paving the way for optimised fleet management practices.

The United States electronic logging devices (ELDs) market outlook is being influenced by a dynamic competitive landscape, with a mix of established players and emerging technology startups vying for market share. These companies offer a range of ELD solutions, from basic models that meet minimum regulatory requirements to advanced systems integrated with telematics and fleet management software.

One of the key factors propelling the market is the growing recognition of the operational benefits of ELDs beyond compliance, including improved route planning, fuel management, and vehicle maintenance tracking. Additionally, the data collected by ELDs can be leveraged for analytics, offering valuable insights into driver behaviour, vehicle utilisation, and efficiency improvements.

Regulatory compliance remains the primary driver of the United States electronic logging devices (ELDs) market growth. However, as the market matures, the focus is increasingly shifting towards leveraging ELD data for strategic business advantage. This includes optimising logistics operations, enhancing customer service, and adopting more sustainable transportation practices.

Looking ahead, the ELD market is set to evolve with advancements in technology and changes in regulatory frameworks. The integration of ELDs with other in-vehicle technologies and external systems, such as Electronic Toll Collection (ETC) systems and freight matching platforms, is expected to offer new efficiencies and business models in the logistics sector.

Market Segmentation

The market can be divided based on form, component, vehicle type, and region.

Market Breakup by Form

  • Embedded
  • Integrated

Market Breakup by Component

  • Telematics
  • Engine Module
  • External Display
  • Others

Market Breakup by Vehicle Type

  • Light Commercial Vehicle
  • Truck
  • Bus
  • Others

Market Breakup by Region

  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States electronic logging devices (ELDs) market. Some of the major players explored in the report are as follows:
  • Trimble Inc.
  • Omnitracs, LLC
  • Teletrac Navman Ltd.
  • Geotab Inc.
  • Donlen Corporation
  • Garmin Ltd.
  • Others


This product will be delivered within 5-7 business days.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot7 Opportunities and Challenges in the Market
8 United States Electronic Logging Devices (ELDs) Market Analysis
8.1 Key Industry Highlights
8.2 United States Electronic Logging Devices (ELDs) Historical Market (2018-2023)
8.3 United States Electronic Logging Devices (ELDs) Market Forecast (2024-2032)
9 United States Electronic Logging Devices (ELDs) Market by Form
9.1 Embedded
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Integrated
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 United States Electronic Logging Devices (ELDs) Market by Component
10.1 Telematics
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Engine Module
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 External Display
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Electronic Logging Devices (ELDs) Market by Vehicle Type
11.1 Light Commercial Vehicle
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Truck
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Bus
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 United States Electronic Logging Devices (ELDs) Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Trimble Inc.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Omnitracs, LLC
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Teletrac Navman Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Geotab Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Donlen Corporation
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Garmin Ltd.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. United States Electronic Logging Devices (ELDs) Market: Key Industry Highlights, 2018 and 2032
2. United States Electronic Logging Devices (ELDs) Historical Market: Breakup by Form (USD Billion), 2018-2023
3. United States Electronic Logging Devices (ELDs) Market Forecast: Breakup by Form (USD Billion), 2024-2032
4. United States Electronic Logging Devices (ELDs) Historical Market: Breakup by Component (USD Billion), 2018-2023
5. United States Electronic Logging Devices (ELDs) Market Forecast: Breakup by Component (USD Billion), 2024-2032
6. United States Electronic Logging Devices (ELDs) Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
7. United States Electronic Logging Devices (ELDs) Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
8. United States Electronic Logging Devices (ELDs) Historical Market: Breakup by Region (USD Billion), 2018-2023
9. United States Electronic Logging Devices (ELDs) Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. United States Electronic Logging Devices (ELDs) Market Structure

Companies Mentioned

  • Trimble Inc.
  • Omnitracs LLC
  • Teletrac Navman Ltd.
  • Geotab Inc.
  • Donlen Corporation
  • Garmin Ltd.

Methodology

Loading
LOADING...

Table Information