MarkNtel Advisors has recently published "Electronic Logging Device (ELD) Market Analysis Share, Growth, Demand, Forecast  2027," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the Electronic Logging Device (ELD) Market is anticipated to experience a CAGR of approximately 3.85% during the period of 2022-2027. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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Market Dynamics

Key Driver: Increasing Government Regulations Regarding the Safety of Drivers & Vehicles

ELDs accurately record their driving times, making it more comfortable and faster to track, manage, share and improve the accuracy of a driver’s hours of service record, thereby helping drivers be less tired and stay within legally allowed driving hours.

Considering these advantages for the safety of drivers & vehicles, governments are moving towards enforcing the ELD mandate. For instance:

·        In 2017, the US passed & implemented the ELD mandate for all commercial vehicles running in the country.

·        On the other hand, the Canadian ELD regulations are likely to be implemented from 2022 onwards.

Hence, these significant initiatives would also encourage other countries to shift toward ELDs, which would drive the global market in the coming years.

Recent Developments

·        In March 2018, Samsara raised USD 50 million from General Catalyst & Andreessen Horowitz to promote expansion in its logistics management, coupled with the transportation business, i.e., adding over 1700 new customers each quarter. This funding intends to scale customer support while innovating new technologies to serve thousands of new customers by expanding the platform with new sensors, software, and AI-driven data analytics.

·        Moreover, in July 2021, Samsara partnered with EVgo, the largest public Electric Vehicle (EV) fast-charging network in the US, to help consumers augment their transition to EVs.

Segmenting Success: Unveiling Opportunities in the Electronic Logging Device (ELD) Market 2022-2027

The Electronic Logging Device (ELD) Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

Based on Vehicle Type

- Light Commercial Vehicle

-- Light Trucks

-- Light Bus

- Medium & Heavy Commercial Vehicle

-- Trucks

-- Bus

-- Trailers

-- Others

- Passenger Cars

- Others

Based on Installation

- Embedded

- Externally Integrated

Based on Components

- Engine Module

- Display

- Telematics

Geographically, the Electronic Logging Device (ELD) Market expands across the following:

- North America

- South America

- Europe

- Middle East & Africa

- Asia Pacific

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Unveiling the Competitive Landscape: Insights into Key Players in the Electronic Logging Device (ELD) Market 2022-2027

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the Electronic Logging Device (ELD) Market, ultimately seeking substantial revenue generation over the forecasted years.

- Blue Ink Technology, Inc

- AT&T Inc

- CarrierWeb LLC

- Donlen Corporation

- Garmin Ltd

- Geotab Inc

- KeepTruckin Inc

- Omnitracs LLC

- ORBCOMM Inc

- Pedigree Technologies LLC

- Samsara Inc

- Stoneridge Inc

- Teletrac Navaman US Ltd

- TomTom International BV

- Transflo

Utilise our Electronic Logging Device (ELD) market report to gain a competitive advantage.

-The Markntel Advisors report on Electronic Logging Device (ELD) market offers a full and in-depth analysis of the industry's size, growth rate, competitive environment, and main players. This thorough study aids firms in developing a holistic picture of the market dynamics and aids them in making defensible decisions.

-This research also examines current market trends and forecasts for the future, enabling firms to see new opportunities and potential pitfalls. Companies can synchronise their plans and beat the competition by comprehending market forecasts.

-The Electronic Logging Device (ELD) market report is helpful in identifying and reducing the risks of entering or operating in the market. Businesses can design plans to reduce risks and optimise their operations by analysing market dynamics, regulatory frameworks, and potential problems.

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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