The Automotive Data Logger Market is projected to grow at a CAGR of 7.0% during the forecast period and is estimated to be USD 3.1 billion in 2020 and reach USD 4.4 billion by 2025. The market growth is primarily driven by factors such as the increase in the government norms related to vehicle noise and emissions which is leading to higher use of data loggers at the regulatory bodies’ and OEMs’ end, and the rising demand for sophisticated vehicles with complex architecture that is increasing its demand at the service stations’ end.
Owing to the emergence of newer technologies in the automotive industry along with the growing demand for electric cars, the data logger market has started to prosper. Regional adoption of these technologies depends on governmental norms and emission regulations along with customer preference. Moreover, vehicle manufacturers are offering additional advanced features in vehicles to acquire more customers and boost profitability, thereby inflating the growth of the automotive data logger market. The automotive data logger market in the Europe region is growing at the fastest rate, followed by North America, Rest of the World, and Asia Oceania. North America is estimated to have the highest market share because of the region’s fast advancements on the technology front and the governing bodies pushing OEMs to make smarter and efficient vehicles.
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The ADAS & safety segment is estimated to be the fastest growing market, in terms of value, in the automotive data logger market. The safety of the vehicle, driver, passengers, and pedestrians is the primary focus of various OEMs and regulatory boards. With the growth in the number of vehicles along with economic development, traffic on the roads is growing significantly and is likely to keep growing in the years to come. With the increasing speed of the vehicles, the roads have become more vulnerable to accidents. Accidents at high speeds could be fatal for the occupants of the vehicle as well as the surrounding vehicles and pedestrians. Hence, governments, regulatory bodies, and associations are keen on making automobiles safer for the occupants, pedestrians, and the surroundings. Stringent passenger safety regulations have been implemented in the developed countries. Developing countries such as China, Brazil, and India are currently formulating mandates for passenger safety in vehicles. These circumstances and social awareness have ensured the quick growth of the ADAS market. With this rapid growth, the chances of a system failure of these applications also increase proportionately, thus increasing the market for automotive data loggers.
Key Market Players:
The automotive data logger market is dominated by a few globally-established players such as Aptiv (ireland), Vector Informatik (Germany), Continental (Germany), Racelogic (US), and National Instruments (US).
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