Automotive Data Logger Market Will Reach USD 5,770.5 Million By 2030

The worldwide automotive data logger market achieved a valuation of USD 3,587.3 million in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. This growth trajectory is projected to lead to a market value of USD 5,770.5 million by the year 2030. 

This can be credited to the rising addition of compact, lightweight, and smart electrical and electronic systems in passenger vehicles, armed with the growing requirement for tracking and analyzing real-time car data to ensure vehicle and passenger safety.

Worldwide OEMs of automotive data logging equipment are paying more and more attention to the system enrichment that would attract more customers and offer more convenience to users. 

The breakthrough features are the swift and flexible hardware technologies, together with the enhanced and roomy dashboard customization options. For instance, in September 2019, Racelogic Ltd, an effective GNSS data logger, introduced VBOX Touch offering precision at the global level.

Regulatory bodies are the fastest-rising category, growing at a CAGR of 7.6% during the projection period. This can be ascribed to the fact that the market is going ahead in the direction of self-driving and eco-friendly vehicles. 

As a result, outdated regulations and rules must be updated, and new laws and regulations must be established. To accomplish this, regulatory bodies will need to gain a thorough understanding of the functionality of these modern vehicles, necessitating the use of data loggers at their testing facilities.

In 2023, the pre-sales category leads the automotive data logger industry, with a revenue share of approximately 75%. This is mainly because data loggers are extensively utilized in the automotive market at this stage because of their comfort of use and the comprehensibility and dependability of the gathered information.

The Controller Area Network (CAN) and Controller Area Network Flexible Data (CAN FD) categories dominated the market in 2023, capturing the largest market share of 40% based on channel. CAN and CAN FD are data communication protocols commonly utilized for transmitting sensor data and control information over two-wire connections between various components of electronic instrumentation and control systems.

During the projection period, the Asia-Pacific region is estimated to be the fastest-growing industry, growing at a CAGR of 7.8%. In the past few years, APAC has arrived as a center for the acceptance of enhanced features in automobiles. Industrialization and infrastructure growth in the region are creating many opportunities for automotive OEMs.

Additionally, with the surge in the acceptance of enhanced electric components in car architecture and during the testing of cars before their commercialization, the industry is set to experience a boom in the continent.

Read More

What Use Are Data Loggers for Global Automotive Industry?

With more than 1.3 million people dying in road accidents each year, as per the World Health Organization (WHO), the focus on making roads safer is strengthening. Since most of the accidents are attributed to human error, many governments are mandating the adoption of some level of vehicle autonomy so that the burden on the driver can be reduced. Such awareness and the increasing inclination of people for improved vehicles are leading to the integration of advanced driver assistant systems (ADAS), which automate many functions of automobiles and display real-time information.

As per P&S Intelligence, this will be a key reason behind the growth of the automotive data logger market during 2020–2030, since valuing around $3 billion in 2020. This device is similar to the all-important flight data recorder (FDR) in airplanes, which records what happens to the aircraft systems with every push of the button or foot-operated pedal, shift of the stick, push or pull of the lever, and turn of the control knob. 

In the automotive sector, data loggers are used to track and monitor the functioning of not only the mechanical systems, such as engines, wheels, brakes, and steering, but also of the electronic systems, such as ADAS. This information is used by automakers to make future systems better or send alerts to vehicle owners regarding maintenance, servicing, or replacement. Further, automakers also use these instruments before the vehicles come out of the factory, during the testing phase. With the stringent emission control and passenger safety mandates, rigorous vehicle testing has become indispensable.

As a result, North America is the largest automotive data logger market, as several U.S. states and Canadian provinces have already tweaked their transportation regulations to accommodate autonomous vehicles. Moreover, in 2015, the National Highway Traffic Safety Administration of the U.S. made the installation of such devices necessary in trucks, so that driving hours could be recorded electronically. Driver fatigue is the key reason behind accidents involving trucks in the country, which is why electronic logging devices are now being used to ascertain how long trucks are being driven.

In the coming years, the incorporation of these devices will pick up the fastest in Asia-Pacific (APAC), which accounts for the highest automotive production and sales in the world. In addition, with the increasing disposable income of people here and them becoming rapidly tech-savvy, the demand for cutting-edge automotive features is increasing. Moreover, with the presence of a large number of electronics companies in the region, such devices are available at cost-effective rates.

Hence, with the increasing focus on enhancing road safety, the procurement of data loggers by automakers, fleet operators, and government agencies will boom.

Read More

How Are Technological Advancements Strengthening Automotive Data Logger Market?

Factors such as the rising integration of intelligent, compact, lightweight electrical and electronic systems in passenger vehicles and the surging need to monitor and analyze real-time automobile data to optimize passenger and vehicle safety will boost the automotive data logger market growth during the forecast period (2021–2030). According to P&S Intelligence, the market revenue reached ~$3 billion in 2020. Nowadays, the mounting investments being made by market players in the advancement of automotive data logger systems have become a prominent market trend.

Automotive Data Logger Market Outlook

One of the key growth drivers for the market is the booming demand for in-vehicle connectivity features worldwide. To meet this demand, automakers are increasingly integrating in-vehicle connectivity solutions in their offerings, through partnerships with consumer electronics and software vendors. The installation of advanced features such as automotive data logger solutions enables automobile manufacturers to collect data and then provide information about the functions of systems such as lane assist and automatic brake. 

Whereas, Asia-Pacific (APAC) is expected to exhibit the fastest growth in the automotive data logger market throughout the forecast years, due to the existence of a vast automobile manufacturing base in the region. Moreover, the accelerating industrialization rate and flourishing infrastructure sector in APAC nations will also propel the market growth in the region in the upcoming years. Besides, the surging adoption of advanced electronic components in automobile architecture will also augment the market growth in the immediate future.

Therefore, the rising demand for in-vehicle connectivity features and accelerating technological advancements in the automotive sector will drive the market growth in the forecast years.

Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/automotive-data-logger-market

Read More