PUBLISHER: The Business Research Company | PRODUCT CODE: 1484726
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484726
Automotive data loggers are electronic devices designed to capture and retain data pertaining to the performance, operation, and behavior of vehicles. These devices are commonly outfitted with sensors capable of monitoring a wide array of parameters, including vehicle speed, engine RPM, temperature, fuel consumption, acceleration, braking, GPS location, and other relevant metrics.
The primary types of components in automotive data loggers encompass hardware and software. Hardware constitutes the physical elements of a computer or electronic system and comprises various channels such as controller area networking (CAN and CAN FD), local interconnect network (LIN), ethernet, among others. Hardware includes connection interfaces such as universal serial bus (USB), secure digital cards, Bluetooth/Wi-Fi, and cellular modems. These components are distributed through sales channels including aftermarket and original equipment manufacturers (OEMs) and are utilized across diverse applications such as on-board diagnostics, advanced driver assistance systems (ADAS), safety implementations, fleet management, and automotive insurance solutions.
The automotive data loggers market research report is one of a series of new reports from The Business Research Company that provides automotive data loggers market statistics, including automotive data loggers industry global market size, regional shares, competitors with a automotive data loggers market share, detailed automotive data loggers market segments, market trends and opportunities, and any further data you may need to thrive in the automotive data loggers industry. This automotive data loggers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive data logger market size has grown strongly in recent years. It will grow from $3.43 billion in 2023 to $3.70 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. Expansion observed in the historical period can be attributed to several contributing factors. These include the uptick in sales of luxury vehicles, a growing demand for automated devices in vehicles, increasing interest in testing autonomous vehicles, the need for vehicle health monitoring solutions, the flourishing automotive aftermarket industry, and a heightened emphasis on effective fleet management practices.
The automotive data logger market size is expected to see strong growth in the next few years. It will grow to $5.06 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. Anticipated growth in the forecast period can be attributed to several key drivers, including the increasing connectivity of vehicles, a heightened focus on sustainability and environmental monitoring, growing concerns regarding data privacy and security, a rising emphasis on cybersecurity measures, and an overall increase in vehicle production. Major trends expected in this period encompass advancements in automotive technology aimed at enhancing vehicle performance optimization, developments in sensor technology to improve data collection and accuracy, the progression of autonomous driving technologies and advanced driver assistance systems (ADAS), the emergence of mobility-as-a-service (MaaS) models, the proliferation of data collection and reporting mechanisms, and the continued evolution of multi-sensor fusion solutions to enhance overall vehicle capabilities and safety.
The increasing adoption of electric vehicles (EVs) is poised to drive the growth of the automotive data logger market in the coming years. EVs, powered by electric motors rather than traditional internal combustion engines, are gaining traction due to environmental concerns, consumer preferences, cost savings, and technological advancements. Automotive data loggers play a crucial role in EVs, collecting and recording data from various sensors within the vehicle to provide insights into performance, safety, and efficiency. For example, data from July 2023 released by the International Energy Agency (IEA) indicates a significant milestone, with sales of electric cars surpassing 10 million in 2022, and overall electric vehicle sales more than tripling from 4% in 2020 to 14% in 2022. This highlights the pivotal role of growing EV adoption in propelling the automotive data logger market.
Prominent companies in the automotive data logger market are prioritizing the development of innovative technological solutions such as the TRX D8 2.0 to cater to the escalating demand for advanced electronic architecture in modern vehicles. The TRX D8 2.0 is a sophisticated device designed to collect, record, and store various types of data from vehicle sensors and systems, enabling monitoring and analysis of performance, safety, and efficiency. Launched in June 2023 by Klas, this product features PCIe and network-based logging, offering ample data storage capacity, high-speed processing, and adaptable vehicle data logging capabilities. Equipped with rugged design and hot-swappable storage, the TRX D8 2.0 represents a powerful solution designed to accelerate advancements towards Level 5 autonomy by providing robust storage, processing capabilities, and connectivity options.
In June 2022, Bosch Motorsport finalized the acquisition of MoTeC Group for an undisclosed sum. This strategic move enhances Bosch's position in the motorsports sector and expands its product portfolio with MoTeC's range of vehicle and engine control units, displays, data loggers, and onboard power supply control units tailored for both combustion and electric motorsport vehicles. MoTeC Group, based in Australia, specializes in developing, manufacturing, and distributing motorsport technology and automotive data loggers, complementing Bosch's objectives in advancing automotive technology and performance.
Major companies operating in the automotive data logger market are Samsung Electronics Co. Ltd, Robert Bosch GmbH, Continental AG, Aptiv Plc, Infineon Technologies AG, Harman International Industries Inc, Keysight Technologies, Xilinx Inc, Moog Inc., Horiba Ltd, National Instruments Corporation, Delphi Technologies, Danlaw Technologies India Limited, TTTech Computertechnik AG, dSPACE GmbH, Intrepid Control Systems Inc., Vector Informatik GmbH, Dewesoft d.o.o., myKaarma Ltd, Pico Technology, Ipetronik GmbH & Co. KG., Autel Intelligent Technology Corp. Ltd, RACELOGIC Ltd, Xylon, Grant Instruments Ltd, MadgeTech Inc., Lascar Electronics Ltd, Influx Technology Ltd, HEM Data Corporation, NSM Solutions, Transtron Inc.
North America was the largest region in the automotive data logger market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive data logger market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive data logger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive data logger market consists of revenues earned by entities by providing services such as engine performance metrics, vehicle speed, acceleration, braking, diagnostic monitoring, performance analysis, crash data retrieval, remote monitoring, real-time data transmission, and monitoring of vehicle performance over wireless networks. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive data logger also includes sales of data logger units, microcontrollers or microprocessors, memory for data storage, sensors, GPS receivers, gyroscopes, accelerometers, temperature and pressure sensors, and electronic control units (ECUs). Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Data Logger Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive data logger market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive data logger ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive data logger market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.