Growth Opportunities in the European Digital Tachograph Market, 2023

Growth Opportunities in the European Digital Tachograph Market, 2023

New Reforms and Telematics Integration Capabilities Offer Renewed Opportunities in the Saturated Market

Tachographs have long been a tool to ensure and protect commercial vehicle drivers' rights and working conditions, increase road safety, and comply with local road transport laws and regulations in European countries. The digital tachograph market, the European equivalent of the North American electronic logging device market, has achieved record penetration rates due to freight transportation mandates that have been around for decades.

Since the introduction of the digital tachograph in 2006 as the successor to analog tachographs, governments and governing agencies have implemented several reforms and improved the technology and widespread adoption in the region. In this report, Frost & Sullivan analyzes vital market developments in the past and identifies growth prospects for various stakeholders in the value chain.

The European digital tachograph market is on its way to complete market saturation soon. The report highlights strategic positions that tachograph providers and telematics service providers (TSPs) can take to create new prospects, led by upcoming reforms to tachograph mandates. Frost & Sullivan expects several cross-vertical partnerships and new mergers and acquisitions to impact the market dynamics in the next three years.

We also include the following:
• Industry trends that aid market growth
• A geographical analysis of penetration
• Key competitor analyses
• Revenue forecasts
• Market sizing
• Other relevant parameters