Automotive Logging Device Market Size 2022-27: Industry Trends, Share, Growth, Report, Analysis, Top Companies Overview and Forecast
According to the latest report by IMARC Group, titled " Automotive Logging Device Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ", it is expected to reached a value of US$ 13.10 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 17.66 Billion by 2027, exhibiting at a CAGR of 4.60% during 2022-2027. An automotive logging device, also known as an electronic logging device (ELD), refers to an instrument used in vehicles to monitor and track the driving time and maintain records regarding the hours of service (HOS). It consists of a tracking device that connects to the automobile, mobile application, or fleet management software. Automotive logging devices are placed in the onboard diagnostics (OBD) ports of vehicles to gather information about the engine condition, power, distance covered, hours, movement, etc. They assist in conducting automobile diagnostics for location tracking, optimizing fuel consumption, ...