Market Overview
The market for vehicle data loggers is anticipated to increase at a CAGR of 7.0% from USD 3.1 billion in 2020 to USD 4.4 billion by 2025. The increased penetration of sophisticated electronic components in the architecture of modern vehicles and the testing of those components before the vehicle's commercialization are the primary drivers of the growth of this industry.
Data loggers are electronic devices that continuously record and immediately monitor moving objects' environmental and operational parameters. It allows for the measurement, analysis, and validation of various circumstances, including humidity, temperature, and current.
The data logger has a sensor for gathering data and a chip for storing it. The data logger stores this data, which is then sent to a computer for analysis.
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Market Segmentation
The channels, connection types, applications, and end markets are the segments that divide the international market for automotive data logger solutions.
The worldwide automotive data logger market is segmented on the channel into FlexRay, Ethernet, Local Interconnect Network (LIN), plus Controller Area Network (CAN) CAN FD (Controller Area Network - Flexible Data-Rate). Serial networking technology called the Controlled Area Network (CAN) was created for embedded systems like those in automobiles.
The global market for vehicle data loggers has been divided into four categories based on connection types: Secure Digital (SD) card, Bluetooth or Wireless Fidelity (Wi-Fi), Universal Serial Bus (USB), and Cellular Modem.
The world market for automobile data loggers has been divided into segments based on application, including onboard diagnostics, ADAS safety, fleet management, and automotive insurance. Automotive data recorders offer an onboard diagnostics application that enables a car owner or consumer to identify the vehicle's issues quickly.
Depending on end users, OEMs, service centers, and regulatory bodies make up the three segments of the worldwide automotive data logger market. Manufacturers of automotive data logger systems for vehicles provide OEMs with their goods, services, plus aftermarket support.
Regional classification
The automotive data logger market research has been segmented by geography into North America, Asia-Pacific, Europe, and the rest of the world.
Regarding market share, Asia-Pacific dominates the world and is expected to continue to do so during the study period. Developing and developed nations like India, China, South Korea, Japan, and Australia are the most significant contributors to the worldwide automotive markets. Automobile manufacturers now have more opportunities thanks to developing the manufacturing sector and the infrastructure in developing nations. Asia-Pacific is therefore anticipated to have the area's fastest-growing market for vehicle data logger systems.
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With a market value of USD 1,009.1 million in 2019, Europe is predicted to have a significant market share in the vehicle data logger industry.
Industry news
Rapid automotive sector changes are paving the way for developing connected and autonomous vehicles. Through an onboard sensor network, these cars produce enormous volumes of data. OEMs may increase the possibilities of related car capabilities like real-time analytics, usage-based insurance (UBI), data marketplaces/monetization, and more by using vehicle data to develop new revenue streams. The need for data loggers for performance evaluation, testing, and data collection is expanding due to these new potential revenue
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