Electronic Logging Device Market Global Overview, Growth, Size, Opportunities, Trends, Leading Company Analysis And Forecast To 2030

in electronic •  4 years ago 

The Global Electronic Logging Device Market size was estimated to be US$ 13 billion in 2019 and the expected CAGR during 2020 and 2030 is 4%. Growth of automotive electronics, deployment of advanced telematics and fleet management solutions across the globe, and increasing investment in development of driver safety systems are the prime forces influencing the growth of the global electronic logging device market. An electronic logging device also known as on-board electronic recorders or automatic on-board recorders is primarily used to monitor and record the hours of service of a commercial vehicle. It helps in monitoring engine health and log activities automatically to improve the reliability and flexibility of recording hours of service. The data is communicated to the back-end fleet management system through telematics for record keeping and monitoring of a vehicle.

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