Electronic Logging Device (ELD) Market is Expending with the CAGR of 3.85% till 2027 – Blue Ink Technology, Inc., AT&T Inc., and CarrierWeb LLC"
Electronic Logging Device (ELD) Market research report by Markntel Advisors is an accurate, unbiased, and reliable comprehension and study of data obtained from trustworthy and factual sources to equip the stakeholder with a well-researched and detail-driven report regarding the fluctuations in the industry.
The report aims to provide detailed information about the nooks and crannies of the industry and scrutinize all the industry’s features, factors, and elements that promise fluctuations to the market growth, including possible restraints points and more.
The Key Points Covered in The Report:
The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.
- Market Drivers
- Market Restraints
- Growth Opportunities
A separate section to provide the impact of COVID-19 on the market to better grasp the fluctuation during and after the pandemic.
Elaborated information on industry overview, specifications, definitions, suppliers, R&D status, cost structure analysis, sources, technological advancement, the further scope for improvement, applications, and more.
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Dynamics of Market -
Market Geographical Dividation – The research report geographically covers: -
- North America
- South America
- Middle East & Africa
- Asia Pacific
Market 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.
Market Growth Restraints: High Initial Costs of Vehicles with Pre-Installed ELDs
Embedded ELDs used in commercial vehicles are costlier than the externally integrated ones since they consist of a touchscreen display to offer the required information and are highly accurate & reliable. The companies operating in the commercial vehicle sector would take some more time to opt for vehicles with pre-installed ELDs and shift to a fully-digital mode of operations, owing to their high costs. Hence, the cost associated with ELDs is the prime challenge to the overall market growth.
Analysis of Market Leading Companies
This report section covers the area in combination with an exhaustive compilation of the key players and market participants in the market, fuelling, stimulating, and regulating the industry. In addition, the report covers the business strategies, plans, initiatives, profit/loss study, mergers & acquisitions, product launches, modifications, and more to equip the stakeholder with calculative tools towards yielding higher profits. Thus, for the Electronic Logging Device (ELD) market, the top market participants include: -
- 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
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Segmental Division of the Market
The market is highly divaricated and bifurcates into various segments. These bifurcations are represented in the report grouped on the basis of a common element, and thus further investigation is performed. Furthermore, the report provides data on each high-performer segment in each group of features and information about the reasons behind the part acquiring a higher share or flourishing more in the industry. Thus, a deep analysis of various market elements is presented by categorizing the segments. As a result, the market is spread in the following:
By Vehicle Type
- Light Commercial Vehicle
- Light Trucks
- Light Bus
- Medium & Heavy Commercial Vehicle
- Passenger Cars
- Externally Integrated
- Engine Module
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The analysts provide customization offers, so the stakeholder can customize and personalize the report to their needs and wants. The analysts focus on the required elements and sculpt the study according to the wishes of the stakeholders. Additionally, the research report focuses on the systematic organization of data, with each section divided into chapters and further classifications to present an easy, time-saving, and smoothly navigable study. The elements surrounding and shaping the Electronic Logging Device (ELD) industry, including the industry’s profit-loss cycle, major and minor acquisitions and external factors, current trends, and more, are included in the study report.
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