Market Size of Automotive Electronic Logging Device Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 15.13 Billion |
| Market Size (2029) | USD 18.51 Billion |
| CAGR (2024 - 2029) | 4.32 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Electronic Logging Device Market Analysis
The Automotive Electronic Logging Device Market size is estimated at USD 15.13 billion in 2024, and is expected to reach USD 18.51 billion by 2029, growing at a CAGR of 4.32% during the forecast period (2024-2029).
- The outbreak of COVID-19 had a negative impact on the automotive Electronic Logging Device Market. Many vehicles and component manufacturing facilities worldwide were temporarily shut down, leading to disruptions in the supply chain. However, the automotive industry began to recover slightly, and this trend was expected to continue during the forecast period.
- Governments of various countries have implemented various regulations for the compulsion of ELD devices in vehicles, The United States. Department of Transportation's Federal Motor Carrier Safety Administration (FMCSA) has stated that all motor carriers and drivers must use electronic logging devices (ELD).
- Electronic Logging Devices are imposed to create a good work environment for commercial vehicle drivers, and it also provides faster and more accurate management of records of duty status (RODS) data. It also contemporizes with a vehicle engine to automatically record driving time for easier, more accurate hours of service (HOS) recording.
