Dublin, May 27, 2024 (GLOBE NEWSWIRE) -- The "Global Automotive Logging Device Market Report by Component, Service Type, Form Factor, Vehicle Type, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global automotive logging device market size reached US$ 14.5 Billion in 2023. Looking forward, the market is projected to reach US$ 21.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.20% during 2023-2032.
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Automotive logging devices are widely used in transportation vehicles for periodically checking the health of vehicular components and tracking the working hours of the drivers. Additionally, the increasing product demand for continuous vehicle condition monitoring and improving the response time to equipment defects and vehicle breakdowns is favoring the market growth. Moreover, various product innovations, such as integration of automotive logging devices with smartphone applications for detecting issues and recording vehicle information, are favoring the market growth.
In line with this, the utilization of the Internet of Things (IoT)-enabled sensors for real-time monitoring and remote tracking of engine health is positively impacting the market growth. Other factors, including the implementation of various government initiatives towards the safety and security of vehicles and passengers, along with the increasing consumer demand for commercial vehicles and trucks, are anticipated to drive the market toward growth.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global automotive logging device market report, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on component, service type, form factor and vehicle type.
Breakup by Component:
- Display
- Telematics Unit
- Others
Breakup by Service Type:
- Entry Level
- Intermediate
- High Level
Breakup by Form Factor:
- Integrated
- Embedded
Breakup by Vehicle Type:
- Light Commercial Vehicles
- Trucks
- Bus
- Cars
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Coretex USA Inc, DriverTech, ELD Solutions, Garmin Ltd, Geotab Inc., KeepTruckin Inc., Omnitracs LLC, Orbcomm, Teletrac Navman US Ltd (Vontier Corporation) and Zonar Systems (Continental AG).
Key Questions Answered in This Report
- What was the size of the global automotive logging device market in 2023?
- What is the expected growth rate of the global automotive logging device market during 2024- 2032?
- What are the key factors driving the global automotive logging device market?
- What has been the impact of COVID-19 on the global automotive logging device market?
- What is the breakup of the global automotive logging device market based on the component?
- What is the breakup of the global automotive logging device market based on the service type?
- What is the breakup of the global automotive logging device market based on the form factor?
- What is the breakup of the global automotive logging device market based on the vehicle type?
- What are the key regions in the global automotive logging device market?
- Who are the key players/companies in the global automotive logging device market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 136 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $14.5 Billion |
| Forecasted Market Value (USD) by 2032 | $21 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Logging Device Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Display
6.2 Telematics Unit
6.3 Others
7 Market Breakup by Service Type
7.1 Entry Level
7.2 Intermediate
7.3 High Level
8 Market Breakup by Form Factor
8.1 Integrated
8.2 Embedded
9 Market Breakup by Vehicle Type
9.1 Light Commercial Vehicles
9.2 Trucks
9.3 Bus
9.4 Cars
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
- AT&T
- Coretex USA
- DriverTech
- ELD Solutions
- Garmin
- Geotab
- KeepTruckin
- Omnitracs
- Orbcomm
- Teletrac Navman US
- Zonar Systems
For more information about this report visit https://www.researchandmarkets.com/r/m7k0ia
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