Lucintel Forecasts the Global Electronic Logging Device Market to Reach $17.4 billion by 2030
Lucintel Forecasts the Global Electronic Logging Device Market to Reach $17.4 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global electronic logging device market looks promising with opportunities in the light commercial vehicle, truck, and bus markets. The global electronic logging device market is expected to reach an estimated $17.4 billion by 2030 from $13.8 billion in 2024, at a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are rising need to improve the efficiency in fleet management services, growing public awareness about road safety, and increasing digitalization in the transportation industry.
A more than 150-page report to understand trends, opportunity and forecast in electronic logging device market to 2030 by form factor (embedded and integrated), component (display, telematics unit, and others), vehicle type (light commercial vehicle, truck, and bus), service type (entry level, intermediate, and high-end), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that embedded will remain the larger segment over the forecast period due to the quick uptake of electronic logging devices in developed nations, especially in Europe and North America.
Within this market, light commercial vehicle will remain the largest segment due to increasing need to lower the inspection time of LCVs.
Download sample by clicking on electronic logging device market
Europe will remain the largest region over the forecast period due to the surge in vehicle sales and increasing adoption of current and future organic and inorganic growth strategies by the major manufacturers.
Omnitracs, Trimble, Geotab, Donlen, Teletrac Navman are the major suppliers in the electronic logging device market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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