Automotive Electronic Logging Device Global Market Report 2024

The automotive electronic logging devices (ELDs) market size has grown strongly in recent years. It will grow from $13.09 billion in 2023 to $13.83 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historic period can be attributed to several factors, including the increased adoption of telematics solutions, growing concerns regarding driver fatigue management, the expansion of the gig economy and last-mile delivery services, the necessity for accurate tracking of hours of service, and the rising demand for comprehensive compliance reporting.

The automotive electronic logging device market size is expected to see strong growth in the next few years. It will grow to $17.4 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be attributed to several factors, including an increasing emphasis on efficiency and productivity in the transportation industry, a growing focus on supply chain visibility, a rising demand for solutions that monitor driver behavior, the expanding transportation and logistics sector, and increased investment in smart transportation infrastructure. Major trends expected in this period include technological advancements in ELD hardware, a shift towards paperless recordkeeping, the development of mobile ELD applications, the expansion of the commercial trucking industry, and advancements in data security and privacy measures.

The expanding transportation and logistics sector is poised to drive significant growth within the automotive electronic logging device (ELD) market. Transportation and logistics encompass the efficient movement and management of goods, people, and resources from one location to another. This sector's demand is propelled by the expansion of e-commerce and the need for streamlined supply chain management. ELD systems offer real-time monitoring capabilities, empowering fleet managers to track vehicle status and position, monitor driver behavior, and receive alerts for potential issues such as unauthorized vehicle use or excessive idling. By automating the collection and storage of critical data related to driver activity and vehicle operations, ELDs streamline record-keeping processes in the transportation and logistics sectors. For instance, as indicated by the 2023 State of Logistics Report by Logistics Management in July 2023, commercial logistics expenses in the United States surged to $2.3 trillion over the year 2022, marking a notable 19.6% increase from 2021. This robust growth underscores the pivotal role of the transportation and logistics sector in driving the expansion of the automotive electronic logging device market.

Major companies are focusing on developing advanced products such as the Vehicle Link ELD. This compact device offers features such as hours of service (HOS) reporting and driver vehicle inspection report (DVIR) logs, providing fleet managers with comprehensive monitoring capabilities. For example, Rand McNally introduced the Vehicle Link ELD in May 2022, designed to enable fleet managers to check truck location and vehicle status efficiently. This ELD plugs into a truck's diagnostic port and pairs with a mobile app, allowing for seamless transmission of HOS information and electronic vehicle inspection reports. Such innovations not only improve compliance and safety measures but also enhance operational efficiency in fleet management.

In June 2021, Solera Holdings Inc., a leading technology company, made strategic acquisitions of Omnitracs, DealerSocket, and eDriving to strengthen its position in the automotive technology landscape. With Omnitracs being a prominent manufacturer of automotive ELDs as part of its fleet management solutions, these acquisitions enable Solera to offer comprehensive vehicle lifecycle solutions and bridge the gap between vehicle and driver performance on a global scale.

Major companies operating in the automotive electronic logging device market are Verizon Communications Inc., AT&T Inc., Garmin Ltd., Trimble Inc., Stoneridge Inc., Donlen LLC, Geotab Inc., Omnitracs LLC, WorkWave LLC, CalAmp Corporation, Spireon Inc., Motive Technologies Inc., MiX Telematics Limited, Samsara Inc., EROAD Inc., Azuga Inc., GPS Insight LLC, Rand McNally, Trucker Path Inc., Whip Industries Inc., Fleet Complete Inc., Idelic Inc., Teletrac Navman US Ltd.

North America was the largest region in the automotive electronic logging device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive electronic logging device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automotive electronic logging device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automotive electronic logging devices (ELDs) are digital tools utilized in the transportation industry to meticulously record a commercial driver's hours of service (HOS) and vehicle data. These devices supplant traditional paper logbooks, thereby improving accuracy and compliance with regulations while simultaneously minimizing the likelihood of errors.

The primary components of automotive electronic logging devices (ELDs) include display and telematics units. The display unit serves as the user interface, presenting essential data such as driving hours, vehicle diagnostics, and navigation information. These units come in various form factors, including embedded and integrated displays, and offer a range of services from entry-level to high-end. They are utilized across various vehicle types, including light commercial vehicles (LCVs) and heavy commercial vehicles (HCVs).

The automotive electronic logging device market research report is one of a series of new reports that provides automotive electronic logging device market statistics, including automotive electronic logging device industry global market size, regional shares, competitors with a automotive electronic logging device market share, detailed automotive electronic logging device market segments, market trends and opportunities, and any further data you may need to thrive in the automotive electronic logging device industry. This automotive electronic logging device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive electronic logging device market consists of sales of onboard computers, GPS (global positioning system) modules, vehicle interface adapters, sensors, antennas, cables, and mounting accessories. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.