Connect with us

Technology

Electronic Logging Devices (ELDs) Market to grow by USD 3.59 Billion from 2024-2028, driven by improved driving quality and AI-powered market evolution – Technavio

Published

on

NEW YORK, Nov. 27, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global electronic logging devices (ELDS) market size is estimated to grow by USD 3.59 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 5.05% during the forecast period. Use of elds enhances quality of driving is driving market growth, with a trend towards use of analytics with ELDs. However, shortage of drivers due to use of elds poses a challenge. Key market players include AT and T Inc., Danlaw Technologies India Ltd., Donlen Corp., EROAD Inc., Garmin Ltd., Geotab Inc., HOS247 LLC, InTouchGPS, Intrepid Control Systems Inc., Masternaut Ltd., Merchants Fleet, Omnitracs LLC, ORBCOMM Inc., Pedigree Technologies LLC, Racelogic, Samsung Electronics Co. Ltd., Teletrac Navman US Ltd., TomTom NV, Trimble Inc., and Verizon Communications Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Electronic Logging Devices (Elds) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.05%

Market growth 2024-2028

USD 3591.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.72

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

Europe at 53%

Key countries

US, Germany, UK, Canada, and Japan

Key companies profiled

AT and T Inc., Danlaw Technologies India Ltd., Donlen Corp., EROAD Inc., Garmin Ltd., Geotab Inc., HOS247 LLC, InTouchGPS, Intrepid Control Systems Inc., Masternaut Ltd., Merchants Fleet, Omnitracs LLC, ORBCOMM Inc., Pedigree Technologies LLC, Racelogic, Samsung Electronics Co. Ltd., Teletrac Navman US Ltd., TomTom NV, Trimble Inc., and Verizon Communications Inc.

Market Driver

The Electronic Logging Devices (ELD) market is experiencing significant growth due to the ELD mandate, which requires fleet-owning organizations to install and use ELDs in their commercial vehicles. These devices help improve operational efficiency by providing real-time data on vehicle location, fuel consumption, and driver behavior. Developed regions lead the market, with integrated systems becoming increasingly popular. Installation cost is a concern, but the benefits of ELDs, including tax reports, vehicle condition monitoring, and CO2 emission tracking, outweigh the expense. Telematics units, GSM modules, and electronic logs are essential components. Fleet management platforms like Omnitracs One offer hardware flexibility and service quality, while aftermarket services and technology partners ensure seamless integration. ELDs facilitate strategic decision-making through statistical tools and online access to delivery time, route distance, and electronic logbooks. Trucks equipped with tablets and apps like Trucker Path and Geotab ELD offer additional benefits, such as fuel tracking, temperature monitoring, breakdown assistance, and vehicle theft tracking. Despite challenges like poor connectivity and hacking concerns, the market continues to grow, with OEMs and commercial vehicle operators embracing ELDs for improved safety and regulatory compliance. 

ELDs, or Electronic Logging Devices, offer enterprises valuable insights into their fleet operations through data analysis. Analytical tools and techniques, such as forecast analytics, charts, percentage change analytics, and numerical analytics, can be employed with ELDs to uncover meaningful patterns. Vendors like Omnitracs provide integrated ELD solutions that collect continuous data from drivers and vehicles. Customizable dashboards and templates enable enterprises to monitor productivity and location-specific information, allowing for informed decision-making. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The Electronic Logging Devices (ELD) market is experiencing significant growth due to the ELD mandate, which requires fleet-owning organizations to install and use ELDs in their commercial vehicles. These devices help improve operational efficiency by automatically recording driving hours, vehicle location, and other important data. However, challenges exist, such as installation cost, poor connectivity in remote areas, and potential hacking risks. Developed regions are leading the market, with integrated systems, telematics units, and GSM modules becoming essential components. Fleet management platforms, like Omnitracs One and Geotab ELD, offer fleet management solutions, including fuel tracking, temperature monitoring, vehicle inspection, and breakdown assistance. Fleet management platforms also provide strategic decision-making tools, such as online delivery time and route distance analysis, using electronic logbooks and statistical tools. Commercial vehicle operators can benefit from these solutions to optimize fuel efficiency, reduce CO2 emissions, and ensure vehicle condition and driver weariness compliance. Additionally, OEMs and technology partners offer aftermarket services and hardware flexibility to cater to various fleet needs. The use of ELDs also facilitates tax reporting and road transportation, including last-mile deliveries and truck operations. However, challenges such as poor connectivity, driver weariness, and hacking risks persist, requiring continuous improvement in technology and safety measures.The trucking industry is facing a significant challenge due to a shortage of drivers. In 2017, there was a shortfall of over 50,000 truck drivers in the US, and this number is projected to reach 175,000 by 2026. The main reasons for this shortage include low wages, long working hours, and the implementation of Electronic Logging Devices (ELDs). The issue is particularly acute in urban and semi-urban markets, where truck drivers earn an average of USD21 per hour according to the US Bureau of Labor Statistics. The trucking industry needs to address this issue to ensure the timely delivery of goods and maintain efficiency in the supply chain.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This electronic logging devices (elds) market report extensively covers market segmentation by

Vehicle Type1.1 Light commercial vehicle1.2 Truck1.3 BusComponent 2.1 Telematics unit2.2 Engine module2.3 External displayGeography 3.1 Europe3.2 North America3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Light commercial vehicle- The Electronic Logging Devices (ELDs) market is primarily driven by the use of ELDs in light commercial vehicles. These devices automatically record driving time and hours of service (HOS) for commercial drivers, as well as track engine data, motion, and mileage. Compliance with industry regulations is a key benefit, allowing for real-time monitoring of drivers’ statuses for fleet managers and dispatchers. The use of ELDs is mandatory for commercial vehicles produced in model years 2000 or later, as per the Federal Motor Carrier Safety Administration (FMCSA) and the MAP-21 Act. The increasing sales and use of light commercial vehicles will fuel the growth of the ELDs market during the forecast period. ELDs ensure adherence to necessary inspections, help with schedule planning, and prevent fines and penalties for non-compliance with federal regulations.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Electronic Logging Devices (ELD) market has experienced significant growth due to the ELD mandate implemented by regulatory bodies worldwide. These devices, used for recording hours of service (HOS) of commercial motor vehicles (CMVs), have become essential for fleet management in developed regions. Integrated systems offer operational efficiency for fleet-owning organizations by providing real-time data on fuel efficiency, CO2 emission, fuel tracking, temperature monitoring, breakdown assistance, and vehicle theft tracking. Installation cost, delivery time, and online access to internal databases are key considerations for fleet managers. Statistical tools and fleet management platforms enable strategic decision-making through the analysis of data on route distance, driver’s vehicle, and delivery time. OEMs and aftermarket service providers offer validation, triangulation, and authenticated secondary sources for enhanced service quality. Technology partners play a crucial role in the development and implementation of ELD systems.

Market Research Overview

The Electronic Logging Devices (ELD) market refers to the growing demand for technology solutions that help fleet-owning organizations comply with the ELD mandate and enhance operational efficiency. Developed regions are leading the adoption of ELD systems due to the advanced fleet management practices and the need for integrated systems that offer real-time vehicle data. ELDs consist of various components, including telematics units, GSM modules, and electronic logs, which help fleet managers monitor vehicle condition, fuel efficiency, CO2 emission, vehicle inspection, fuel tracking, temperature monitoring, breakdown assistance, and vehicle theft tracking. These systems also provide online access to tax reports, driver’s vehicle information, and real-time data on delivery time, route distance, and electronic logbooks. OEMs and aftermarket service providers offer various hardware and software solutions, while fleet management platforms like Omnitracs One, Geotab ELD, and Trucker Path provide hardware flexibility, service quality, and strategic decision-making tools. However, challenges such as installation cost, poor connectivity, hackers, and driver weariness persist, and fleet managers must navigate these issues to fully leverage the benefits of ELDs. The market for ELDs is expected to grow significantly in the coming years, driven by the increasing demand for technology solutions in road transportation and last-mile deliveries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Vehicle TypeLight Commercial VehicleTruckBusComponentTelematics UnitEngine ModuleExternal DisplayGeographyEuropeNorth AmericaAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/electronic-logging-devices-elds-market-to-grow-by-usd-3-59-billion-from-2024-2028–driven-by-improved-driving-quality-and-ai-powered-market-evolution—technavio-302316658.html

SOURCE Technavio

Continue Reading

Technology

Toku launches Makimoto Flows, a visual builder for speech AI pipelines, taking its open-source initiative beyond transcription

Published

on

By

Developers can chain transcription, summarisation and call tagging on one canvas, test each step and export the pipeline as code, with every step processed in Singapore

SINGAPORE, Oct. 21, 2026 /PRNewswire/ — Toku Ltd. (SGX: TKU), a Singapore-headquartered AI-powered customer experience (CX) platform, has launched Makimoto Flows (“Flows”), a visual builder within its open-source conversational AI initiative where developers assemble speech AI pipelines block by block and test each stage on a recorded call. Flows is now live at makimoto.ai.

On the Flows canvas, developers connect blocks to build a speech AI pipeline and test each step individually. The Transcribe block converts audio into text using Kawa, the Summarise block generates a topic and short summary from the transcript, and the Tags block classifies each call across seven categories, including customer sentiment. Developers can see how audio moves from transcription to analysis, and control how each stage connects and runs. Every block runs in Singapore, so audio, transcripts and the resulting analysis stay in-country.

The Chained Analysis starter template puts these blocks together in one click, and developers can adjust any block and rerun it to compare results. Each block maps to a Makimoto API endpoint, and any flow can be exported as ready-to-run Python code, so developers can take the same capabilities into their own code for applications such as call recaps and call triage.

“Developers should have control over how their voice AI works, from the models they use to the way each stage connects. That is the principle behind Makimoto. Flows puts the orchestration layer in front of them: they can build a pipeline, run a recorded call through it and see what each step produces before anything reaches their customers. Models will keep changing. The ability to compose them, and to know where they run, is what lasts,” said Thomas Laboulle, Founder and CEO at Toku.

Flows builds on the composable architecture Toku set out when it introduced Makimoto in April 2026, and takes the initiative beyond transcription. Kawa, released on schedule on 1 July 2026, established the transcription layer through a Singapore-hosted API; summarisation and tagging endpoints followed in September; Flows now lets developers compose them visually. Next, Makimoto plans to add audio preparation blocks, starting with noise filtering, giving developers more control over how recordings are processed before transcription.

By pairing open-source development with enterprise-grade deployment, Makimoto complements Toku’s existing customer experience platform and supports long-term innovation opportunities across the Group’s AI roadmap.

Developers can create a free account at makimoto.ai, open the Chained Analysis template and run a sample recording, or one of their own call recordings, through it; each account includes 1,000 free minutes. Feedback reaches the Makimoto team directly from the portal.

About Toku

Headquartered in Singapore, Toku Ltd. (SGX Catalist: TKU) is a cloud-native, AI-powered customer experience platform purpose-built for enterprises operating in complex, multi-market environments. With deep roots in the APAC region and an expanding global footprint, Toku’s modular 360° CX Platform orchestrates customer interactions across voice, chat, email and digital channels while managing regulatory, linguistic and infrastructure complexity at scale.

Built on end-to-end ownership of its technology stack, from carrier-grade connectivity to AI applications, Toku delivers enterprise-grade security, reliability and deployment flexibility in commercial cloud, private data centres and hybrid environments. Its AI capabilities include transcription, summarisation, sentiment analysis, conversation analytics and governed virtual agents, designed to integrate seamlessly with enterprise systems and customer data.

Trusted by leading enterprises and public-sector organisations, Toku helps organisations streamline operations, scale customer engagement and deliver consistent experiences in fragmented markets worldwide.

For more information about Toku, visit toku.co.

About Makimoto

Makimoto is Toku’s open-source initiative, operated through Makimoto Technology Pte Ltd, a wholly owned subsidiary of the Toku Group, dedicated to building composable conversational AI infrastructure for Asia-Pacific. Its releases include Makimoto Kawa, a Singapore-hosted transcription API; summarisation and tagging endpoints; and Makimoto Flows, a visual builder for composing speech AI pipelines. For more information about Makimoto, visit makimoto.ai.

Forward-Looking Statements

This press release contains forward-looking statements regarding Toku’s expansion plans, business strategy and planned product releases. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Toku undertakes no obligation to update these statements to reflect subsequent events or circumstances.

Sponsor’s Statement

Toku Ltd. (the “Company”) was listed on Catalist of the Singapore Exchange Securities Trading Limited (the “Exchange”) on 22 January 2026. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”). This press release has been reviewed by the Sponsor. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release. The contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Investor Relations Contact:
investor.relations@toku.co

Developers and Partners:
contact@makimoto.ai  

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/toku-launches-makimoto-flows-a-visual-builder-for-speech-ai-pipelines-taking-its-open-source-initiative-beyond-transcription-302914906.html

SOURCE Toku Ltd.

Continue Reading

Technology

Conscious Spark LLC Launches Alphimiya® Neuro-Recalibration Framework Designed to Resolve C-Suite Revenue Plateaus

Published

on

By

New research-backed neuro-recalibration framework targets the autonomic nervous system’s threat response to managing high financial amounts, offering enterprise leaders a biological pathway to scaling.

ANTALYA, Turkey and ALBUQUERQUE, N.M., Oct. 21, 2026 /PRNewswire/ — Conscious Spark LLC, a research and advisory firm specializing in applied neuroscience for executive leadership, today announced the official launch of Alphimiya®, a proprietary C-suite neuro-recalibration framework designed to resolve corporate revenue plateaus by upgrading the biological capacity of enterprise decision-makers.

Developed to address the root causes of stalled enterprise growth, the Alphimiya® framework targets the human autonomic nervous system’s subconscious threat response to managing high financial amounts. When commercial leaders and CEOs attempt to scale past historical capital thresholds without recalibrating their stress response, the body’s natural survival mechanism triggers decision fatigue, strategic risk aversion, and systemic self-sabotage. Alphimiya® recalibrates this biological safety brake, enabling executive teams to hold, absorb, and scale larger financial volumes without physiological or operational friction.

“A corporate revenue plateau is rarely an operational or marketing failure; it is a biological safety brake embedded within executive leadership,” stated Dr. Ahmed Al-Nashi, Founder of Conscious Spark LLC. “When managing high financial amounts triggers an underlying physical stress response, the enterprise subconsciously contracts to remain in its perceived safe zone. Alphimiya® removes that biological friction, allowing C-level leaders to multiply revenue with calm, biological authority.”

The Alphimiya® framework restructures executive performance across three core operational pillars:

Sovereign Enterprise Scaling: Expands the nervous system’s tolerance for high-stakes capital, allowing leadership teams to scale revenue without experiencing executive burnout.

High-Value Deal Execution: Regulates autonomic stress responses during multi-million-dollar negotiations and volatile market entries, eliminating hesitation under pressure.

Restored Strategic Clarity: Removes chronic decision fatigue across C-suite teams, restoring mental focus and strategic presence inside and outside the boardroom.

By recalibrating the autonomic nervous system’s response to high capital exposure, Alphimiya® removes the subconscious biological brakes that lock corporate revenue at a standstill. Senior C-level executives and enterprise leadership teams seeking to evaluate their organization’s biological capacity can access the official executive briefing, case studies, and framework assessment directly at https://alphimiya.co/.

About Conscious Spark LLC

Conscious Spark LLC is a U.S.-registered firm specializing in executive education, training, and strategic performance consulting. Pioneering applied neuroscience for C-level leaders, founders, and commercial decision-makers, the firm utilizes its proprietary Alphimiya® methodology to enable leadership teams to recalibrate biological stress responses, resolve revenue ceilings, and build scalable corporations.

Media Relations Team
Conscious Spark LLC
Email: hello@consciousspark.online 
Website: https://alphimiya.co/

View original content to download multimedia:https://www.prnewswire.com/news-releases/conscious-spark-llc-launches-alphimiya-neuro-recalibration-framework-designed-to-resolve-c-suite-revenue-plateaus-302901454.html

SOURCE Conscious Spark LLC

Continue Reading

Technology

Daffodil Software Brings Multilingual Conversational AI to Aadhaar’s Udai Mascot

Published

on

By

GURUGRAM, India, Oct. 21, 2026 /PRNewswire/ — Daffodil Software showcased an AI-powered conversational experience featuring UIDAI’s Udai mascot at Aadhaar Samvaad 2026. Developed by Daffodil Software, the assistant is designed to help users access Aadhaar-related information through natural conversation, using official UIDAI as its reference knowledge base.

Daffodil Software has developed Udai, an AI-powered virtual mascot that helps users get clear, reliable answers about Aadhaar simply by talking to it. The assistant was showcased at Aadhaar Samvaad 2026, held in Kolkata on 29 September, coinciding with the 17th Aadhaar Day, where visitors watched it listen, respond, and gesture in real time in their own language.

For most people, questions about Aadhaar come up in daily life, and they usually need answers fast. Which documents do I need for an address change? How much does an update cost? How do I link Aadhaar to my bank account or mobile number? The answers exist, but finding them usually means working through long help pages and documents.

 Udai is designed to answer exactly these questions in a natural conversation, without anyone having to search through long help pages.

A conversation in the user’s own language

Udai speaks and understands 11 languages: Hindi, Tamil, Bengali, Telugu, Kannada, Malayalam, Marathi, Gujarati, Punjabi, Odia, and English. A user simply asks a question. Udai listens, works out the answer, and replies in the same language, with natural speech, matching lip movements and expressive hand gestures.

What sets Udai apart is how it is built. AI avatars rely on expensive, specialised graphics hardware to bring a face to life. Udai takes a simpler route. The character is created from pre-filmed footage, and its lip movements are matched to its speech in real time using lightweight processing that runs in a web browser.

The result is a smooth experience at 24 frames per second on ordinary servers, at a fraction of the usual cost per user. For a programme that serves hundreds of millions of people, that efficiency is what turns a nationwide rollout from an ambition into a practical plan.

“Our focus with Udai was to make Aadhaar-related information easier to access through natural conversation. Combining multilingual voice interaction with official reference content allowed our team to build an experience that is practical, approachable, and useful to users,” said Yogesh Agarwal, Founder and CEO, Daffodil Software.

Answers drawn only from official sources

The assistant uses official UIDAI material as its reference knowledge base: frequently asked questions, provisions of the Aadhaar Act, and government policy documents on Aadhaar services. It covers the topics users ask about most:

Enrolment and registrationAddress and demographic updatesFees, required documents and eligibilityeKYC and Virtual IDLinking Aadhaar with bank accounts, PAN and mobile numbersmAadhaar servicesGrievance redressal

Users don’t need to phrase their questions in any particular way. Udai understands everyday language, whether a question is spoken in English, Hindi, or asked in a mix of both, and finds the most relevant official information to answer it.

Built to be accurate, respectful, and secure

When a public service speaks directly to users, trust matters as much as convenience. Udai is protected by three layers of safeguards.

Accuracy first. Udai answers only from its verified knowledge base. Responses are grounded in a curated knowledge base of official UIDAI material. If a question falls outside Aadhaar, it guides the user back rather than offering an answer it cannot stand behind.

Respectful conversations. A screening layer catches abusive or offensive language in English, Hindi, and Hinglish before it reaches the assistant. Screening is designed to identify abusive language while supporting legitimate queries

Protection against misuse. Udai cannot be talked into abandoning its role, pretending to be someone else, revealing its internal setup, or answering beyond its approved scope. These checks work almost instantly, so users experience no delay.

What comes next?

Udai is planned to roll out in two phases.

In the first phase, the mascot will be placed in Aadhaar Centres. Visitors will be able to check information and understand processes on their own, such as which documents they need for an address change. This frees centre staff to focus on their core work instead of answering the same questions again and again.

In the second phase, Udai will come to the Aadhaar website and mobile app, taking the place of the current text-based chatbot, which was also built by Daffodil.

About Daffodil Software

Daffodil Software is a software engineering and AI solutions company serving businesses across industries. Its services span software consulting, product engineering, UI/UX design, AI/ML development, quality assurance, cloud and DevOps, and maintenance. The company serves sectors including healthcare, fintech, banking, technology, and digital commerce. Its client portfolio includes organizations such as the Reserve Bank of India, Mount Sinai Hospital, Maruti, Samsung, Pramerica Insurance, and Dangote Group. Daffodil Software has also been featured in industry research and recognition by Gartner, Everest Group, Zinnov, and Frost & Sullivan. For more information, visit https://www.daffodilsw.com

Media contact

Kunwar Pal Singh
media-relations@daffodilsw.com

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/daffodil-software-brings-multilingual-conversational-ai-to-aadhaars-udai-mascot-302914965.html

Continue Reading

Trending