Press release
Automotive Data Logger Market Expansion Outlook: $5.32 Billion in 2029
Automotive Data Logger Market
What Is the Projected CAGR for the Automotive Data Logger Market from 2024 to 2025?
In recent years, the market size of the automotive data logger has seen robust growth. The market, currently valued at $3.7 billion in 2024, is projected to reach $3.99 billion in 2025, representing a compound annual growth rate (CAGR) of 7.9%. This substantial growth during the historical period can be traced back to a surge in luxury vehicle sales, an amplified demand for automated devices, ascending requirements for autonomous vehicle testing, the need for vehicle health monitoring, the thriving automotive aftermarket sector, and a fortified focus on fleet management.
What are the Expected Market Size and CAGR for Automotive Data Logger by 2029?
The scale of the automotive data logger market is predicted to experience robust growth in the upcoming years. It is projected to escalate to a value of $5.32 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.5%. This growth during the forecast period can be credited to the rising connection of vehicles, prioritization on sustainability and environmental monitoring, emphasis on data privacy and security, increased attention to cybersecurity, and a surge in vehicle production. Noteworthy trends during the forecast period encompass automotive technology, vehicle performance improvement, novelties in sensor technology, progression of autonomous driving technologies, sophisticated driver assistance systems (ADAS), mobility-as-a-service (MaaS) models, data procurement and reporting, as well as the formulation of multi-sensor fusion solutions.
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Which Factors Are Driving the Global Automotive Data Logger Market Expansion?
The rise in the use of electric vehicles is projected to spur the expansion of the automotive data logger market. Electric vehicles (EVs), which are cars propelled by electric motors instead of conventional internal combustion engines (ICEs) that use gasoline or diesel, are being increasingly adopted. This rise in usage is spurred by environmental considerations, customer demand, decreased running costs, and technological progress. Automotive data loggers, vital tools in EVs, gather and report various kinds of data from numerous sensors in the vehicle, contributing valuable insights into performance, safety, and efficiency. For instance, the International Energy Agency, a French autonomous intergovernmental organization, reported that approximately 14 million new electric cars were registered worldwide in 2023, raising the total to 40 million. Electric vehicles accounted for 18% of all car sales, a rise from 14% in 2022. Therefore, the increasing use of electric vehicles fuels the growth of the automotive data logger market.
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Which Segment Currently Holds the Largest Share of the Automotive Data Logger Market?
The automotive data logger market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Channels: Controller Area Networking (CAN And CAN FD), Local Interconnect Network (LIN), Ethernet, Other Channels
3) By Connection Type: Universal Serial Bus (USB), Secure Digital Card, Bluetooth Or Wi-Fi, Cellular Modem
4) By Sales Channel: After market, Original Equipment Manufacturer (OEMs)
5) By Application: On-Board Diagnostics, Advanced Driver Assistance Systems (ADAS) And Safety, Fleet Management, Automotive Insurance
Subsegments:
1) By Hardware: Data Acquisition Units, Sensors (Temperature, Pressure, Speed, GPS), Memory Storage Devices, Interface Modules, Signal Conditioners, Power Supply Units
2) By Software: Data Management Software, Data Analysis Software, Data Visualization Software, Cloud-Based Data Logging Software, Diagnostic And Reporting Software
Which Major Trends Are Shaping the Future of the Automotive Data Logger Industry?
Leading entities in the automotive data logger domain are concentrating their efforts on the creation of innovative technology products such as the TRX D8 2.0 in response to the rising need for superior electronic infrastructure in modern automobiles. This logger functions as a tool for gathering, documenting, and storing multiple forms of data from sensors and systems embedded in a vehicle, and is primarily employed for evaluating performance, safety, and the vehicle's overall efficiency. For example, the Ireland-based engineering and design firm, Klas, introduced the TRX D8 2.0 in June 2023. This product features PCIe and network-based logging and provides up to 200 GB of data, 240 TB of storage, and disk writing speeds reaching 200 GB. It also boasts adaptable vehicle data logging, a robust design, high-capacity computing, hot-swappable storage, and unparalleled disk write speeds. Owing to these attributes, the TRX D8 2.0 is a versatile and potent vehicle data logging solution, designed to propel the move towards Level 5 autonomy through high-speed storage, powerful processing capabilities, and flexible connectivity options.
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Which Key Players Dominate the Automotive Data Logger Industry Globally?
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.
What Are the Fastest-Growing Regions in the Automotive Data Logger Market?
North America was the largest region in the automotive data logger market in 2024. 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.
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