PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463798
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1463798
Key Highlights
The automotive data logger market generated USD 3,587.3 million in 2023, and it will touch USD 5,770.5 million, with over 7.0% CAGR, by 2030.
Automotive manufacturers, over partnerships with consumer electronics and software retailers, are progressively incorporating in-vehicle connectivity features.
Automotive data logger solutions enable vehicle manufacturers to gather data and then provide data on the working of systems like automatic brakes and lane assist.
The industry will observe substantial growth because of the rising customer fondness for staying connected to the internet while driving/traveling.
The adoption of technologically enhanced solutions is rising in the automotive sector for supervising automobile's different aspects, including shock, vibration, temperature, and acceleration, which has enhanced the safety of vehicles and passengers.
The requirement for cutting-edge electronic systems in current automobiles is the key factor boosting the need for autonomous vehicle testing, which further boosts industry expansion.
Companies in this industry are progressively funding in the enhancement of such systems, to offer greater customer convenience.
Key developments comprise hardware technologies that are very dynamic and flexible and have enhanced dashboard design flexibilities.
Market Insights
Regulatory bodies will advance at the fastest rate, of 7.6%, during this decade. This is because this industry is stirring forward in the direction of eco-friendly and self-driving vehicles.
Service stations led the industry in 2023, with approximately 45% share. This is related to the utilization of data loggers, which are employed for various applications like troubleshooting, diagnostics, and maintenance.
These devices are advantageous for service stations to notice problems, examine automobile functioning, and provide effective solutions.
The pre-sales category was the largest contributor to the industry in 2023, with approximately 75% share.
The growth is because data loggers are extensively employed in the automotive sector at this phase because of their simple usage and the reliability and understandability of the gathered data.
They also decrease the efforts of OEMs in on-road and lab testing and their go-to-market period for new technologies and products.
The CAN & CAN FD category led the industry in 2203, with a 40% share, and it will remain leading throughout this decade. Vehicle manufacturers, using CAN & CAN FD, can transmit information and enable communications at speeds of 1 Mbps with a high data integrity level.
The USB category is advancing quickly and holds the largest industry share. This can be attributed to the easy and swift transmission of information from vehicle data loggers to interpretation devices, including mobile phones, laptops, computers, and more.
North America was the largest contributor to the industry in 2023, with approximately 55% share. The continent has a robust automotive ecosystem and swiftly accepts technological improvements.
APAC will propel at the fastest compound annual growth rate, of 7.8%, in the years to come. The region, over the last few years, has emerged as a center for the acceptance of cutting-edge features in vehicles.
The automotive data logger industry has strong competition and many key companies are operating in this area. Players in this industry are concentrating on mergers & acquisitions, collaborations, and product development, to enhance their market presence.