Global Electronic Logging Device Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Vehicle Type;

LCV, Truck, and Bus.

By Component;

Display, and Telematics Unit.

By Form Factor;

Embedded, and Integrated.

By Service Type;

Entry Level, Intermediate, and High-End.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn133210571 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electronic Logging Device Market (USD Million), 2021 - 2031

In the year 2024, the Global Electronic Logging Device Market was valued at USD 16,103.82 million. The size of this market is expected to increase to USD 19,142.38 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 2.5%.

The global electronic logging device (ELD) market is witnessing substantial growth due to the increasing need for regulatory compliance, fleet management efficiency, and road safety improvements. Electronic logging devices are mandated in various countries to ensure accurate tracking of driving hours, preventing driver fatigue and reducing accidents. The adoption of ELDs is particularly significant in the transportation and logistics sector, where fleet operators are required to adhere to Hours of Service (HOS) regulations. With advancements in telematics and connectivity solutions, ELDs have evolved beyond compliance tools, offering fleet optimization, fuel management, and real-time vehicle tracking, further driving market expansion.

One of the key drivers of the ELD market is stringent government regulations that mandate the use of these devices for commercial vehicles. In the United States, the Federal Motor Carrier Safety Administration (FMCSA) has made ELDs compulsory for tracking HOS, replacing traditional paper logs. Similar mandates have been introduced in Canada and several European countries, further boosting demand for ELD solutions. These regulatory frameworks aim to improve road safety, reduce administrative burdens, and enhance operational transparency. As more regions adopt strict compliance measures, the demand for advanced and user-friendly ELD solutions is expected to rise significantly.

Beyond regulatory compliance, technological advancements are transforming the ELD market, making these devices an integral part of modern fleet management. Features such as GPS tracking, automated reporting, real-time driver alerts, and integration with cloud-based platforms are enhancing operational efficiency for fleet operators. The incorporation of artificial intelligence (AI) and Internet of Things (IoT) technologies is further enabling predictive maintenance, fuel efficiency monitoring, and route optimization. As logistics and transportation companies seek to maximize productivity and minimize operational costs, the adoption of smart ELDs with advanced analytics capabilities is gaining momentum.

Moreover, the market is seeing a shift toward wireless and smartphone-based ELD solutions, providing cost-effective and flexible options for small and medium-sized fleet operators. The rise of 5G connectivity is expected to further enhance the capabilities of ELDs, enabling faster data transmission and improved fleet communication. However, challenges such as cybersecurity risks, device interoperability, and resistance from certain driver communities remain concerns that need to be addressed. Despite these challenges, the global ELD market is poised for steady growth, with increasing digitalization and automation in the transportation industry driving continuous innovation and adoption.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Component
    3. Market Snapshot, By Form Factor
    4. Market Snapshot, By Service Type
    5. Market Snapshot, By Region
  4. Global Electronic Logging Device Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Regulatory Mandates for Fleet Management and Driver Monitoring
        2. Rising Focus on Road Safety and Reduction of Accidents
        3. Growing Adoption of Fleet Telematics and Automation
      2. Restraints
        1. High Initial Cost of Implementation and Maintenance
        2. Data Privacy and Cybersecurity Concerns
        3. Resistance from Small Fleet Operators Due to Cost Constraints
      3. Opportunities
        1. Advancements in AI and IoT for Smart Fleet Management
        2. Expansion of ELD Solutions in Emerging Markets
        3. Integration with Advanced Driver Assistance Systems (ADAS) and 5G Connectivity
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electronic Logging Device Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. LCV
      2. Truck
      3. Bus
    2. Global Electronic Logging Device Market, By Component, 2021 - 2031 (USD Million)
      1. Display
      2. Telematics Unit
    3. Global Electronic Logging Device Market, By Form Factor, 2021 - 2031 (USD Million)
      1. Embedded
      2. Integrated
    4. Global Electronic Logging Device Market, By Service Type, 2021 - 2031 (USD Million)
      1. Entry Level
      2. Intermediate
      3. High-End
    5. Global Electronic Logging Device Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Geotab Inc.
      2. Verizon Connect
      3. Wabco Holdings Inc.
      4. Omnitracs
      5. KeepTruckin
      6. EROAD
      7. Coretex Telematics
      8. GPS Insight
      9. Samsara Inc.
      10. Fleetmatics
      11. Eflow
      12. BigRoad
      13. Azuga
      14. Teletrac Navman
      15. Roadtec Solutions
      16. Macmit LLC
      17. Logit Systems Inc.
      18. Gurtam
      19. Onfleet
  7. Analyst Views
  8. Future Outlook of the Market