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The global electronic logging devices (ELDS) market size is estimated to grow by USD 3.59 billion at a CAGR of 5.05% between 2023 and 2028. The growth of the market is driven by several key factors. The adoption of electronic logging devices (ELDs) is crucial for enhancing driving quality by ensuring accurate tracking of driving hours and improving overall road safety. Additionally, the rising preference for road transportation as a primary mode of freight and passenger transit further boosts the demand for ELDs. Compliance with stringent regulatory requirements aimed at promoting safer driving practices and reducing driver fatigue is another significant driver of market expansion. These factors collectively foster market growth by emphasizing safety, efficiency, and regulatory adherence, making ELDs an essential tool in modern transportation.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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