Electronic Logging Device Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Electronic Logging Device Market in 2025 is evaluated at USD 13.39 billion. The global market size was worth over USD 12.95 billion in 2024 and is poised to grow at a CAGR of around 4.2%, reaching USD 22.11 billion revenue by 2037. North America may achieve USD 7.08 billion by 2037, fueled by rising demand for online shopping and home delivery services.
The increasing number of consumers who are more inclined to buy online can be seen as a factor for growth in the market. People can see, on the application, estimates of delivery time, route distance, and other information using electronic logbooks attached to a driver's vehicle. It is estimated that by 2027, there will be over 3 billion people ordering food online. In addition, there will be an estimated 2 billion people worldwide who are shopping on the internet in 2021.
The rise in the number of fleet management platforms is believed to fuel the market’s growth For instance, Omnitracs, LLC, introduced Omnitracs One, a revolutionary modular, hardware-agnostic solution that offers a comprehensive offering for fleets of all sizes. Fleet owners can choose the proper devices based on their needs at any service level with hardware flexibility. Customers can expect ongoing assistance from the industry leader for service quality, as well as rapid access to the most robust network of technology partners.
