USD 3.8 billion
Report ID:
SQMIG25A2267 |
Region:
Global |
Published Date: March, 2024
Pages:
177
|Tables:
118
|Figures:
70
Global Automotive Data Logger Market size was valued at USD 3.8 billion in 2022 and is poised to grow from USD 4.07 billion in 2023 to USD 6.99 billion by 2031, growing at a CAGR of 7.01% in the forecast period (2024-2031).
Automotive data loggers are devices that can store and collect data from different automotive systems and components. The rapid surge in demand for autonomous vehicles and growing connected vehicle fleets around the world are slated to bolster the sales of automotive data loggers across the forecast period. Increasing emphasis on improving road safety and reducing emissions from vehicles are other key factors that are slated to promote the adoption of automotive data loggers around the world going forward. However, security concerns are projected to impede automotive data logger market development potential over the coming years. Electrification of the automotive industry is also estimated to create new opportunities for automotive data logger providers in the long run.
Global Market Size
USD 3.8 billion
Largest Segment
Hardware
Fastest Growth
Software
Growth Rate
7.01% CAGR
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The global automotive data logger market is segmented based on component, channel type, connection type, end user, and region. In terms of components, the market is segmented into hardware and software. Based on channel type, the market is bifurcated into CAN & CAN FD, LIN, FlexRay, and ethernet. On the basis of connection type, the market is bifurcated into USB, Bluetooth/WiFi, and SD cards. In terms of end user, the market is segmented into OEMs, service stations, regulatory bodies, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Component
The hardware component segment currently accounts for a notable market share. Advancements in automotive hardware technology and growing automotive production around the world allows this segment to hold sway over global automotive data logger sales. With more and more automotive giants launching vehicles with advanced features, the importance of data collection and logging hardware is increasing.
Meanwhile, the software segment is slated to emerge as the fastest expanding one in the global automotive data logger market. This can be attributed to rapid digitization and electrification of vehicles around the world. Increasing use of advanced technologies is pushing the need for innovative software development, thereby driving automotive data logger market growth via this segment.
Analysis by End User
OEMs are projected to account for a major chunk of the global automotive data logger market share at present. Increasing focus on improving the safety of vehicles has pushed automotive companies to deploy automotive data loggers to collect more data on vehicles. Increasing use of advanced driver assistance systems (ADAS) in new vehicles is also estimated to promote sales of automotive data loggers through OEM channels over the coming years.
On the other hand, demand for automotive data loggers from regulatory bodies is slated to rise at a rapid pace across the forecast period and beyond. Regulatory authorities around the world are imposing stringent vehicle emission and safety mandates to help reduce accident mortality and emission of greenhouse gases. Data plays a crucial role in ensuring compliance of these norms and helping regulatory authorities create more refined laws for the best results.
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North America is estimated to hold sway over global automotive data logger demand outlook across the forecast period whilst losing some market share to Europe and Asia Pacific regions. High availability of a wide number of automotive data logger suppliers and quick adoption of advanced technologies allow North American regional market for automotive data loggers to hold a dominant stance. The United States and Canada are predicted to be the leading markets for automotive data logger providers in this region.
Rapidly expanding automotive production in the Asia Pacific region is positioning it as the fastest-growing regional market for automotive data loggers. Rise in disposable income, supportive government initiatives and subsidies, and presence of key automotive manufacturers are top factors that create new opportunities for automotive data logger suppliers in this region. China, India, South Korea, and Japan are the leading markets in the Asia Pacific region for automotive data logger companies. Imposition of stringent vehicle safety and emission mandates are also slated to boost the demand for automotive data loggers in this region.
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Drivers
Growing Number of Connected Vehicles
Focus on Vehicle Safety
Restraints
Security Concerns
Complexity of Installation
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Automotive data logger manufacturers can focus on collaborating with regulatory bodies to create specific solutions as per their requirements. Automotive data logger market players can also focus on targeting automotive companies that are developing autonomous vehicles to maximize their business growth in the future. Companies can leverage the implementation of stringent vehicle safety and emission mandates to push the sales of automotive data loggers on a global level going forward. Mergers and acquisitions are projected to be preferred strategies for automotive data logger companies looking to expand their global market presence.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the rapid surge in demand for autonomous vehicles and growing need for automotive data by regulatory bodies and automotive manufacturers are slated to bolster the demand for automotive data loggers over the coming years. Imposition of stringent vehicle safety and emission mandates is also slated to promote the uptake of automotive data loggers around the world. However, security concerns regarding the data stored in automotive data loggers are projected to be a major constraint for market development going forward. The Asia Pacific region is estimated to emerge as the fastest-growing marketplace for automotive data logger companies on the back of growing automotive production.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.8 billion |
Market size value in 2031 | USD 6.99 billion |
Growth Rate | 7.01% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Data Logger Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Data Logger Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Data Logger Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Data Logger Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25A2267
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