Description

According to the Market Statsville Group (MSG), the global automotive logging device market size is expected to grow from USD 13.6 billion in 2021 to USD 18.7 billion by 2030, at a CAGR of 4.1% from 2022 to 2030. Automotive logging device systems are useful to check the health of vehicle components periodically; it is also helpful in tracking and monitoring the driver's activities and the vehicle condition. An automotive logging device tracks location, engine performance, and working hours and also maintains records of the time, date, and performance.

The automotive logging device market is presently in its growth stage and is expected to register substantial growth in the future. Factors that driving the market growth include increased demand for automobiles, government rules mandating the incorporation of the automotive logging device in vehicles to record and fulfill the hours of service compliance, increased digitization in transport and logistics, and growing trends and technologies in monitoring vehicle condition.

Recent new trends in technology is boosting the automotive logging device market such as currently automotive logging device are connected with smartphones; that helps to display information on smartphones and issues are likely to be detected. An automotive logging device smartphone app programs the record of vehicle information, which is the driver’s security, compliance, and safety manager.

Global Automotive Logging Device Market Definition

Automotive logging devices are electronic hardware used in a vehicle to monitor or track the working hours of the professional vehicle drivers; it is attached and synchronized to the engines of vehicles to gather essential information.

Global Automotive Logging Device Market Dynamics

Drivers: Growing trends toward vehicle condition monitoring

Automotive electronic logging devices are multitasking and data records for proper organization of the documents. The growing trends and technologies in monitoring vehicle conditions are boosting the use of Automotive electronic logging as it records the duration of the truck's movement and the time the driver was on-duty and off-duty. The electronic logging devices also monitor engine health and notify the driver and back-end fleet monitoring systems. It tracks the condition of the vehicle and detects the fault in it. These make it easy to overview the problem and condition of the vehicle; these devices offer secure & reliable features for tracking various vehicle conditions. The above reasons are increasing the growth of the market.

Restraints: Slow adoption of the technology in emerging economies

Having automotive electronic logging device in a vehicle, there are some technological and typical difficulties faced like switching from paper logs to electronic logs, maintaining and storing the information and logs; these things take time and learning. Growth in the automotive industry is slow in emerging economies because the disposable income is less; due to less income, many individuals cannot afford it for use.

Opportunities: Increasing service offering by transport companies

The transportation sector is witnessing consistent growth; therefore, safety, security, and tracking are essential. In the transportation business, many vehicles are engaged for fulfillment. To ensure the performance and hours of service in transportation, automotive electronic logging devices are increasing. For instance, Automotive Logistics, a U.S.-based company, has piloted a new electronic logging device in its vehicle category, which captures truck and driver performance, GPS, and hours of service data, and transmits the information back to cloud servers, which is expected to ease the transportation.

Scope of the Global Automotive Logging Device Market

The study categorizes the automotive logging device market based on service type, vehicle type, component, and form factors at the regional and global levels.

By Service Type Outlook (Sales, USD Million, 2017-2030)

• Entry Level
• Intermediate
• High Level

By Vehicle Type Outlook (Sales, USD Million, 2017-2030)

• Light Commercial Vehicles
• Trucks
• Bus
• Cars

By Component Outlook (Sales, USD Million, 2017-2030)

• Display
• Telematics Unit
• Others
  • Cables
  • Connectors
  • Mounting

By Form Factor Outlook (Sales, USD Million, 2017-2030)

• Integrated
• Embedded

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • Slovenia
  • Slovakia
  • the Netherlands
  • Belgium
  • Norway
  • Denmark
  • Czech Republic
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Vietnam
  • the Philippines
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

The intermediate segment is projected to account for the largest market share, by service type

Based on the service type, the automotive logging device is segmented into an entry, intermediate, and high levels. The intermediate segment was the highest contributor to the market, with a share of 39.9% in the global logging device market. The service package that includes entry-level services and some add-on services is an intermediate service type; the add-on services include ELD compliance, GPS tracking, and alerts. Mid and upper-mid-sized fleet owners subscribe to intermediate services. It is considered the largest market for service type as Europe and North America regions have significant mid and large-sized fleet operations, which is lucrative for the market growth.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global automotive logging device market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 6.7% in the global automotive logging device market during the forecast period. This is due to increased technological advancements and a rise in automotive standards in developing countries such as India, China, and Indonesia. Asia-Pacific is the fastest-growing region globally. It is the most lucrative market for automotive logging devices due to the availability of high-end enhanced technologies, increased demand for smart electronics, and growth in manufacturing industries.

Asia-Pacific is leading the automotive logging device market and is expected to be the fastest-growing regional segment in the future, with the highest CAGR. Organizations across verticals realize the importance of automotive logging device devices to ensure efficient working conditions.

Key Market Players in the Global Automotive Logging Device

Automotive logging device vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they can cater to the market requirements. The competitive environment in this market is expected to intensify with an increase in technological innovations, product extensions, and different strategies adopted by key vendors further.

Major players in the global automotive market are:

• AT&T Business
• Blue Tree System (ORBCOMM INC.)
• Coretex
• DriverTech
• ELD Solutions
• Garmin International
• Geotab Inc.
• Omnitracs LLC
• Teletrac Navman
• Zonar Systems

Recent Developments

• In March 2021, Geotab collaborated with Lion Electric (Lion), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, to power the LionBeat, an advanced electric vehicle (EV) telematics system.
• In July 2020, Orbcomm Inc. launched its next-generation analytics and reporting platform, namely ORBCOMM Platform, which offers enhanced features, including advanced data insights and a dynamic user interface to provide customers with a single, unified view of all their transportation assets types using a single sign-on.
• In June 2020, DriverTech partnered with Drivewyze to integrate Drivewyze PreClear weigh station bypass in its portfolio; this weigh station acts as an extension to DriverTech’s DT4000 ELD and Navigation System.

Key Issues Addressed

• What is the market size by various segmentation of the automotive logging device by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter's 5 forces of the automotive logging device market?
• What are the key opportunities and trends for manufacturers involved in the automotive logging device supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID-19 impacted the demand and sales of automotive logging device in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.