DUBLIN--(BUSINESS WIRE)--Dec 19, 2022--

The “Electronic Logging Devices: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Electronic Logging Devices estimated at US$12.5 Billion in the year 2020, is projected to reach a revised size of US$18.7 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027.

Display, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$6.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Telematics Unit segment is readjusted to a revised 6.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 8.8% CAGR

The Electronic Logging Devices market in the U.S. is estimated at US$3.4 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2027.

Other Components Segment to Record 5.4% CAGR

In the global Other Components segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.4 Billion in the year 2020 will reach a projected size of US$3.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.7% CAGR through the analysis period.

Select Competitors (Total 36 Featured) -

• AT&T
• Danlaw Technologies
• Donlen
• Garmin
• Geotab
• HEM Data Corporation
• Influx Technology
• Intrepid Control Systems
• Leaseplan USA
• Masternaut
• Merchants Fleet Management
• Omnitracs
• Racelogic
• Teletrac Navman
• Tomtom Telematics
• Trimble
• Vector Informatik
• Verizon
• Wheels
• WorkWave

What’s New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Electronic Logging Devices - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/k2odl

View source version on businesswire.com:https://www.businesswire.com/news/home/20221219005382/en/

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SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/19/2022 06:25 AM/DISC: 12/19/2022 06:25 AM

http://www.businesswire.com/news/home/20221219005382/en