PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437520
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437520
Automotive Data Logger Market size was valued at USD 3,588.5 Million in 2023, expanding at a CAGR of 7.5% from 2024 to 2032.
An electronic device known as an automotive data logger is designed to record events or estimations at specific intervals over a specified duration. Ensuring the safety of both people and vehicles is the fundamental purpose of an automobile data logger. In the automobile industry, data loggers are used for a variety of purposes, including temperature monitoring. Applications include acceleration, shock, vibration, external sensors, and thermocouples.
Automotive Data Logger Market- Market Dynamics
Growing product launches to propel market demand
The growing product launches are expected to propel the market growth during the forecast period. For instance, in June 2023, at the ADAS & Autonomous Vehicle Technology Expo, Klas, a leader in the world of rugged edge technology solutions, announced the release of the TRX D8 2.0, the next generation of automotive data logging solutions designed to capture the enormous increase in vision-based data needed for autonomous driving (AD) and advanced driver assistance systems (ADAS). The TRX D8 2.0 is the first flexible vehicle data logging system that can be used with the next generation of high-bandwidth ethernet network-based vehicle sensors. It fills the gap in the market for high-speed storage for in-car PCIe-based toolchains.
Automotive Data Logger Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2024-2032)
Based on connection type segmentation, the USB category dominates the market
Based on the application segmentation, the ADAS & Safety segment held the largest market share in 2023
Based on sales channel segmentation, the OEMs segment is expected to dominate the market over the forecast period
Based on region, North America was the leading revenue generator in 2023
The Global Automotive Data Logger Market is segmented based on Connection Type, Application, Sales Channel, and Region.
The market is divided into three categories based on connection type: SD Card, USB and Wireless. The USB category dominates the market. USB data loggers are lightweight and simple to set up. They don't need complicated installations, so they may be transported and utilized in a variety of cars.
The market is divided into four categories based on the application: On-Board Diagnostics, Fleet Management, ADAS & Safety and Automotive Insurance. The ADAS & Safety segment held the largest market share in 2023 and is expected to continue the same pattern during the forecast period For Adaptive Cruise Control (ACC) systems to function properly, exact information on the speeds, distances, and cars around them is needed. Real-world data from data loggers is used to evaluate these systems in a variety of scenarios.
The market is divided into two categories based on end-use: Aftermarket and OEMs. The OEM segment is expected to dominate the market over the forecast period. During the production process, OEM-fitted data loggers are smoothly incorporated into the car's electrical systems. Through this connection, the data logger is guaranteed to function in harmony with other car parts, resulting in precise and trustworthy data collecting. OEM-fitted data loggers abide by rules and norms in the industry. Standardized techniques for gathering data provide uniformity and interoperability, making it simpler to analyze and compare data from various car models and brands.
Automotive Data Logger Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to lead the market during the forecast period. Regional expansion is expected to be fueled by the growing installation of electronic systems in passenger cars, light-duty trucks, and SUVs, as well as the growing usage of safety systems in regular automobiles. Furthermore, government requirements to lower carbon emissions and the rising demand for energy-efficient automobiles are favorable for market expansion. The regional market is developing due in part to consumers' increasing demand for connected automobiles. For instance, the Californian government established a target in August 2022 to produce 1.5 million zero-emission cars by 2035.
The key players operating in the market are HORIBA, Ltd., Racelogic, Continental AG, National Instruments Corp., Danlaw, Inc., Keysight Technologies, Vector Informatik GmbH, Robert Bosch GmbH, Xylon, Influx Technology and IPETRONIK GmbH & Co. KG. To obtain access to new markets, market players are continuously pursuing a variety of strategic initiatives, including the creation of new products, funding and investments, mergers and acquisitions, and other strategic partnerships.
In April 2023, Xylon introduced Xylon Quattro, a fourth-generation data logging and HIL solution for the development, testing, and validation of autonomous driving (AD) and vision-based advanced driver assistance systems (ADAS). Xylon Quattro is a feature-rich and future-proof data logger that can support automotive developments up to L5 autonomy. It is a complement to the third-generation logiRECORDER data logger that is currently in use, which will be upgraded and maintained for use in automotive developments that prioritize cost and performance.
GLOBAL AUTOMOTIVE DATA LOGGER MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
HORIBA, Ltd.
Racelogic
Continental AG
National Instruments Corp.
Danlaw, Inc.
Keysight Technologies
Vector Informatik GmbH
Robert Bosch GmbH
Xylon
Influx Technology
IPETRONIK GmbH & Co. KG