The Market report provides critical insights on the market size, share, trend, forecasts, and opportunity analysis.
Stratview Research has published a new report on the Electronic Logging Device Market, segmented by Component Type (Display and Telematics Unit), by Form Factor Type (Embedded and Integrated), by Vehicle Type (Truck, Bus, and LCV), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
The Electronic Logging Device market has been witnessing substantial growth in the past couple of years. The market is expected to experience a CAGR of 3.8% during the forecast period. The prime prevalence of political unrest and war-like situations among several countries is encouraging government authorities to increase their defense capabilities and stay prepared during crises.
To know more about the covid impact on the market, click here: https://www.stratviewresearch.com/Request-Sample/1444/electronic-logging-device-market.html#form
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
This report studies the Electronic Logging Device Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on the component type, the electronic logging device market is segmented as display and telematics unit. The telematics unit segment dominates the market as it facilitates services such as calculating the driver’s hours of service; monitoring the vehicle’s condition, fuel efficiency, and tax report; and transmitting data through a GSM module. Further, telematics unit of an electronic logging device includes electronic logs, CO2 emission, vehicle inspection, fuel tracking, temperature monitoring, and more, fueling the growth of the segment during the forecast period.
Based on the form factor type, the electronic logging device market is segmented as embedded and integrated. The embedded segment dominates the market owing to 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.
Based on the vehicle type, the electronic logging device market is segmented as trucks, buses, and LCVs. The trucks’ segment dominates the market owing to a high demand for the transportation of varied goods globally while challenges, such as a shortage of drivers and truck capacity, have made it crucial to manage the available resources with high efficiency.
Following are the key players in the Electronic Logging Device Market:
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