Go green at large as a major trend has been gaining more and more importance as a design concept for the automobile industry. The industry is at a point where the complexity, the cost of technology, market dimensions and market positioning are determining the consolidation of nature and science for sustainability. The percentage of semiconductors installed in modern cars is expected to increase for two prominent reasons
Electronic Logging Device Market Is Dominated by The Global Players Are Omnitracs (US), Trimble (US), Geotab (Canada), Donlen (US), And Teletrac Navaman (US).
The report "Electronic Logging Device Market by Component (Display, Telematics unit), Form factor (Embedded, Integrated), New & Aftermarket Service (Entry Level, Intermediate, High-End), Vehicle Type (Truck, Bus, LCV), and Region - Global Forecast to 2025", The Electronic Logging Device Market is estimated to be USD 12.5 billion in 2018 and is projected to reach USD 16.6 billion by 2025, at a CAGR of 4.13%. Growing need for operational efficiency in fleet owning organizations will play a crucial role in electronic logging device market. In addition to that, upcoming as well as existing mandates related to electronic logging device are projected to drive the electronic logging device market.
Browse 70 market data Tables and 45 Figures spread through 150 Pages and in-depth TOC on "Electronic Logging Device Market "
Intermediate service type is expected to be the largest market for electronic logging device market, by service type”
Intermediate services are the service package that includes entry-level services along with some add-on services. The add-on services include ELD compliance, GPS tracking, and alerts. These services are mostly subscribed by mid- and upper mid-sized fleet owners. Europe and North America are expected to hold the largest market for intermediate services as these regions have significant mid- and large-sized fleet operations. With the increase in fleet size, fleet owners need to have tracking services, data management, data analysis, driver hours of services, and more. To accommodate all such requirements, fleet owners prefer intermediate services.
“Display is expected to be the fastest growing market for electronic logging device market, by component type”
Display market is expected to grow at the fastest rate over the forecast period. As of now adoption rate of display unit is low due to the additional cost to the electronic logging device. Display is not a standard component for electronic logging device as it depends on the user’s requirement. Cost is the major reason for the low adoption of display in small fleet owner’s group. However, it is expected that display will have significant adoption in the future due to its benefits. A display unit consists of hardware and software that provide the fleet owners and drivers with different kinds of information and entertainment. Using the display, users can access GPS tracking, internet, hours control system, enhanced communication services, and more.
Europe is expected to lead the electronic logging device market for new vehicle service as well as aftermarket service due to high vehicle sales
Europe is estimated to hold the largest share of the electronic logging device market in 2018 because of the economic stability, technological advancements, and almost 100% installation rate of digital tachographs in commercial vehicles. The key countries of the region are the UK, France, Spain, Russia, and Germany. In 2006, digital tachographs were mandated for commercial vehicles in 27 European countries. Europe is expected to witness the increasing focus of OEMs on not only manufacturing but also on offering in-built electronic logging device for commercial vehicles. The ongoing and upcoming organic and inorganic growth strategies devised by players in the market would lead to a significant upsurge in the electronic logging device market in Europe.
The electronic logging device market is dominated by the global players and includes several regional players. Some of the key players in the electronic logging device market are Omnitracs (US), Trimble (US), Geotab (Canada), Donlen (US), and Teletrac Navaman (US).
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The report "Automatic Tire Inflation System Market by Type (Central & Continuous), Component (ECU, Compressor, & Pressure Sensor), On-Highway Vehicle (PC & CV), Off-Highway Vehicle (Agriculture & Construction), and Region - Global Forecast to 2025", The automatic tire inflation system market is estimated to be USD 891.6 million in 2018 and is projected to reach USD 1,606.8 million by 2025, at a CAGR of 8.78%. The automatic tire inflation system efficiently increases tire life, vehicle performance, and safety. This will help grow the automatic tire inflation system market in developed as well as developing regions. Growing focus of governments on safety regulations to reduce road accidents is expected to drive the automatic tire inflation system market. Browse 75 market data Tables and 38 Figures spread through 128 Pages and in-depth TOC on "Automatic Tire Inflation System Market" View detailed Table of Content here - https://www.marketsandmarkets.com…
The global Occupant Classification System Market is projected to grow at a CAGR of 6.80% from 2018 to 2025, to reach USD 3.17 billion by 2025. The increasing awareness about safety in a vehicle has increased the demand for active and passive safety systems. As a result, the automotive industry has witnessed the increasing adoption of active and passive safety systems in a vehicle. Passive safety systems inside the vehicle include airbags, seatbelts, whiplash protection system, and occupant classification system. Occupant protection system features such as airbags and seatbelts reduce the probability of death or severe injuries in a traffic mishap. Airbags in a vehicle have significantly improved the safety of occupants. Occupant classification system manufacturers utilize a good portion of their engineering resources to develop new products or improve existing passive safety systems for the automobile. All these developments are primarily focused on improving the overall safety of v…
The Automotive Camera Market is projected to grow at a CAGR of 10.62% during the forecast period. It is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand for the active safety system. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars have driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera. Also, the US government has a voluntary agreement with many manufacturers to fit autonomous emergency braking (AEB) by 2022. European governments are foc…