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Automotive Logging Device Market

Automotive Logging Device Market: Information by Service Type (Entry Level, Intermediate, and High End), Vehicle Type (Trucks, Bus, and Cars), Components, and Region — Forecast till 2030

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Market Snapshot

market snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
3.8 %
Fastest Growing Market:
Europe
Largest Market:
Asia Pacific

The automotive logging device market was valued at USD 13.58 billion in 2021. It is expected to reach USD 19 billion by 2030, growing at a CAGR of 3.80% during the forecast period (2022–2030). A device known as an "automotive logging device" is used in vehicles to track or monitor the working hours of commercial motor carriers and drivers based on hours-of-service compliance. It consists of a mobile application, fleet management software, and a vehicle tracking device that connects to the vehicle. Automotive logging devices collect data about the distance traveled, engine condition, power, hours, and vehicle movement directly from the engine by connecting to the onboard diagnostics (OBD) port of the car. Most cars, trucks, buses, and light commercial vehicles use automotive logging devices. The market for automotive logging devices is expanding as governments in many regions have made using these devices mandatory. In addition to enhancing driver and vehicle security, these devices also keep track of the time, date, location, vehicle miles traveled, engine hours, and driver identity.

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Market Dynamics

Global Automotive Logging Device Market Drivers

Strict Government Regulations Relating to Vehicle Security and Safety

Government regulations requiring the integration of the record of duty device in commercial vehicles to record and fulfill hours-of-service compliance are the main factor driving the market for automotive electronic logging devices (HOS). To monitor and track the working hours of professional truck/bus drivers and commercial motor carriers based on hours-of-service compliance, the government has established policies that mandate the use of automotive electronic logging devices. Tracking and identifying the vehicle's location, the engine's hours, and the driver's identity also improves safety and security.

Monitoring of Vehicle Condition

Automotive electronic logging devices perform multiple tasks and keep data logs for proper document organization. The use of automotive electronic logging is increasing due to the expanding trends and technologies in monitoring vehicle conditions. This is because it records the length of the truck's movement and the driver's on- and off-duty times. The backend fleet monitoring systems and the driver are alerted by the electronic logging devices, which also keep track of engine health. It monitors the state of the car and finds any problems. These provide safe and dependable functions for monitoring different vehicle conditions and simplify reviewing the problem and the vehicle's condition as a whole. In light of these factors, the market is growing.

Global Automotive Logging Device Market Restraints

High Cost of Automotive Logging Device

High installation and maintenance costs are associated with automotive electronic logging devices. The cost of the embedded system is the primary factor limiting the adoption of automotive electronic logging devices. Hardware, instruction, and installation all come at a high price. One of the obstacles to growth and adaptation is the cost of the automotive logging device, which is increased by the app used to obtain information and logs because it can be tailored to the user's situation.

Global Automotive Logging Device Market Opportunities

Increasing Range of Services offered by Transportation Companies

The use of automotive electronic logging devices is expanding to ensure performance and hours of service in transportation. Safety, security, and tracking are crucial because the transportation industry is expanding steadily. Many vehicles are used in the transportation industry for fulfillment. Automotive electronic logging devices are becoming more common to ensure the efficiency and number of service hours in transportation. For instance, Automotive Logistics, a U.S.-based company, has tested a new electronic logging device in its vehicle category. This device records information about the performance of trucks and drivers as well as GPS and hours of service data.

Rising Need for Trucks and Commercial Vehicles

The e-commerce and logistics industries are expanding steadily, which increases demand for commercial vehicle transportation. Due to its tracking, monitoring, and safety features, automotive electronic logging devices are highly sought after in trucks and commercial vehicles. The demand for commercial vehicles and trucks is rising due to the development of commercial logistics operations and the expansion of the industrial sector in emerging markets, fueling the market for automotive electronic logging devices.

Segmental Analysis

The global automotive logging device market is segmented by service type, vehicle type, components, and form factor.

By Service Type Analysis

Based on service type, the global market is bifurcated into entry-level, intermediate, and high-end.

The intermediate segment is the highest contributor to the market and is expected to grow at a CAGR of 3% during the forecast period. The intermediate service type is a service package that combines some add-on services with entry-level services. The add-on services include ELD compliance, GPS tracking, and alerts. Mid- and upper-sized fleet owners subscribe to intermediate services. It is believed to be the largest market for the service type due to the sizeable mid- and large-sized fleet operations in Europe and North America, which are profitable for market growth.

The premium service is the gathering and analysis of operations data, which improves decision-making, boosts productivity, and lowers costs. Real-time measurement, monitoring, and management of commercial vehicle operations are made possible by high-end services. Owners are anticipated to demand more services as the fleet gets bigger and to favor high-end services as a result.

By Vehicle Type Analysis

Based on vehicle type, the global market is bifurcated into light commercial vehicles (LCV), trucks, buses, and cars.

The light commercial vehicles (LCV) segment owns the highest market share and is expected to grow at a CAGR of 7% during the forecast period. In order to ensure a positive working environment for commercial vehicle drivers, automotive electronic logging devices are used to monitor working hours and the whereabouts of commercial vehicles. The management of duty status data records is made faster and more accurate by automotive electronic logging devices. Commercial vehicles can easily monitor Hours of Service compliance thanks to ELD. For commercial motor vehicles, driving time is recorded using an electronic logging device. It collects information on the vehicle's engine, location, speed, miles driven, and other factors by plugging into the vehicle's onboard diagnostics port.

Trucks are equipped with automotive electronic logging devices, which track or monitor the working hours of commercial motor carriers and professional truck drivers based on hours-of-service compliance. It ensures both the driver's and the vehicle's security. The electronic logging device (ELD) aids the driver and manager in tracking the motion time of the truck. It also records the length of the truck's movement, the time the driver was on duty, and the time the driver was off duty.

By Components Analysis

Based on components, the global market is bifurcated into display and telematics units.

The telematics unit segment is the highest contributor to the market and is expected to grow at a CAGR of 5.4% during the forecast period. The telematics unit, the only element required for these devices and their standard fitment, is believed to be the market leader for electronic logging devices. A telematics unit is a system mounted in a car that monitors both the driver's and the car's performance. It computes the driver's service hours while keeping track of the vehicle's condition, fuel efficiency, and tax report. A GSM module is used to transmit the data. Additionally, it provides e-call, breakdown assistance, vehicle theft tracking, driver monitoring, and e-toll. It also includes a Global System for Mobile Communication so that the driver and the fleet owner can communicate anytime and anywhere.

By Form Factor Analysis

Based on form factor, the global market is bifurcated into integrated and embedded.

The embedded segment owns the highest market share and is expected to grow at a CAGR of 3.2% during the forecast period. Due to the rapid adoption of electronic logging devices in developed regions like North America and Europe, the embedded component generated the highest revenue in the automotive logging device market in 2021. Electronic logging systems that are embedded are trustworthy and safe. However, many fleet owners are constrained by the high cost of these systems.        

Compared to embedded components, integrated systems are less expensive and do not have a high installation cost. Regulations about automotive logging devices are anticipated to be put into effect in the upcoming years in nations like Russia, Brazil, and China due to the growing number of government regulations regarding the safety of motorists and vehicles. All these factors drive the market for integrated automotive logging devices.

Regional Analysis

By region, the global automotive logging device market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Asia-Pacific Dominates the Global Market

Automotive Logging Device Market Regional Analysis

Regional Growth Insights Request Sample Pages

Asia-Pacific is the most significant shareholder in the global automotive logging device market and is expected to grow at a CAGR of 6.8% during the forecast period. Asia-Pacific holds a sizeable portion of the global market for automotive logging devices. This is because developing nations like India, China, and Indonesia are making more technological advancements and raising automobile standards. Due to the availability of high-end enhanced technologies, rising demand for innovative electronics, and expansion of the manufacturing industries, it is the most lucrative market for automotive logging devices. Automotive logging device devices are becoming increasingly important to businesses of all sizes to guarantee productive working conditions.

Europe is expected to grow at a CAGR of 2.20%, generating USD 5,165.8 million during the forecast period. Electronic logging device demand has significantly increased in the region over the past few years. The development of the European electronic logging system device industry will be significantly aided in the coming years by the delivery of vehicles equipped with electronic logging systems by European automotive Original Equipment Manufacturers. Electronic logging devices have evolved due to automotive electronics advancements, including the integration of displays and interface devices for the driver's convenience and automatic selection. For instance, Big Road introduced a Personalized Load Matching Platform for Drivers in the automotive logging device market, a new feature that gives drivers even more, control and flexibility.

North America is expected to grow significantly over the forecast period. The rising demand for commercial vehicles drives North America's automotive electronic logging device market. In addition, ELD devices must be installed in all vehicles by law in several nations because they allow for the more rapid and accurate management of duty status data records. By utilizing Vis Tracks, a certified ELD/Driver Vehicle Inspection Report platform where Bluetooth devices are coupled for tracking and maintaining logs, AirIQ Inc., a Canadian company, introduced electronic logging and hours of service solutions in 2019.

In LAMEA, the adoption of cutting-edge technologies is relatively slow across various industries. The automotive logging device industry's key regions are the Middle East and Latin America. Increased demand for advanced technologies is anticipated to present an opportunity to expand the automotive logging device market in nations like Dubai, Abu Dhabi, Oman, Jordan, and others. Major market players are also establishing their manufacturing and distribution networks in LAMEA, which is anticipated to impact the market's growth significantly. This region is untapped and has enormous potential because it saw the slowest growth in adopting wireless technologies. This scenario demonstrates the enormous potential for cutting-edge technologies in this area to support the market expansion for automotive logging devices. LAMEA is gradually embracing cutting-edge technology in various fields, including consumer electronics, electric vehicles, oil and gas, and energy and power.

Competitive Landscape

The global automotive logging device market’s major key players are At&T Business, Blue Tree Systems (Orbcomm Inc.), Coretex, Drivertech, Eld Solutions, Garmin International, Geotab Inc, Omnitracs LLC, Teletrac Navman, and Zonar Systems.

Recent Developments

  • October 2022- By the end of 2022, AT&T will launch a dozen 5G "Edge Zones" across the United States to enable the next generation of network services.
  • October 2022- StealthNet and SolarNet asset tracking and management solutions are now accessible through the Geotab Marketplace Order Now program, according to a joint announcement by global IoT and connected transportation leaders Geotab and Phillips Connect. The My Geotab platform and Phillips Connect solutions are completely integrated, allowing users to access analytics more quickly and at lower operating costs.

Global Automotive Logging Device Market: Segmentation

By Service Type

  • Entry Level
  • Intermediate
  • High End

By Vehicle Type

  • Light Commercial Vehicles (LCV)
  • Trucks
  • Bus
  • Cars

By Components

  • Display
  • Telematics Unit

By Form Factor

  • Integrated
  • Embedded

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
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