Automotive Data Logger Market Size

Automotive Data Logger Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The data-logger market is growing at a fast pace and is expected to reach $ 4.28 billion by 2024, which is expected to reach $ 6.9 billion by 2032. The CAGR of 6.15% will be achieved during the forecast period. The data logger market is driven by the growing demand for vehicle diagnostics, enhanced safety and the Internet of Things. The market is expected to grow steadily as the data loggers are increasingly used by the automobile industry to improve the performance of vehicles and to meet regulatory standards. The data loggers are also used to monitor the performance of the equipment in the industry, as well as in the process industry and in the power industry. The development of advanced data loggers that are able to capture real-time data and provide actionable insights will further accelerate market growth. Among the companies operating in the market are Robert Bosch, Continental AG, and Teledyne Technologies. Strategic alliances, such as the integration of data loggers with emerging technology such as artificial intelligence and machine learning, will also play a significant role in the future of the data logger market.

Regional Market Size

Regional Deep Dive

The market for vehicle data loggers is growing significantly across the world. The demand for vehicle safety, performance monitoring, and compliance with regulations are the key growth drivers for this market. In North America, the market is characterized by a high degree of technological sophistication and stringent regulatory requirements, especially in the automotive sector. In Europe, the focus is on innovation and high standards. In Asia-Pacific, the market is expanding rapidly because of the emergence of electric vehicles and smart transport systems. In the Middle East and Africa, growth is being driven by the development of new infrastructures. And the Latin American markets are gradually adopting vehicle data loggers as the automotive industries there mature.

North America

• The National Highway and Transportation Safety Administration in the United States has passed new regulations requiring the use of telematics in cars for the purpose of accident prevention and accident investigation. This is expected to drive the market.
• With the emergence of the Internet of Things (IoT) and the growing importance of telematics, manufacturers such as Continental and Bosch are investing heavily in R&D to develop highly advanced data loggers that can be easily integrated with self-driving vehicle technology.
• North America's increasing trend toward connected vehicles is driving automobile manufacturers to adopt telematics and data-logging systems for real-time data analysis, to improve vehicle performance and customer satisfaction.

Europe

• In the European Union, the tightening of the exhaust gas regulations has made manufacturers use data loggers to monitor compliance with the regulations, which has greatly affected the market.
• In the new era of telematics, companies such as Siemens and Valeo are introducing highly sophisticated onboard data loggers that increase the efficiency and the resource-friendliness of cars.
• A number of initiatives on smart mobility and smart transport systems are promoting the introduction of advanced data logging in the automotive industry.

Asia-Pacific

• Chinese companies are leading the world in the development of vehicle data loggers, and they are driving the development of smart cities.
• Vehicle-to-Everything (V2X) communications are growing in Japan and South Korea, bringing new opportunities for data logging solutions that can help to enhance both the connection and the safety of vehicles.
• A new safety law in India, based on the European norms, is encouraging the manufacturers to include the data loggers in the new models, and the market is growing.

MEA

• A recent study by the International Council on Clean Transportation found that in the United Arab Emirates, which has adopted a vision for 2021 to become a smart nation, there is a significant investment in smart transportation solutions, including data loggers in cars, which can help increase road safety and improve the functioning of the transport system.
• Al Futtaim and Emirates Motor Company are working with technology companies to develop data logging systems that are tailored to the needs of the region's car market.
• Besides, there is the growing need for vehicle monitoring and maintenance, especially in countries such as Saudi Arabia, which are undergoing rapid development.

Latin America

• Brazil's car market is gradually introducing the data loggers, as part of a general modernization and compliance with international standards.
• Local companies are beginning to work with the international companies in order to develop cost-effective data-logging solutions, which meet the specific requirements of the Latin American car industry.
• The Government's encouragement of vehicle safety and emissions standards is expected to drive the adoption of data loggers in the region.

Did You Know?

“About seventy per cent of the car loggers are now provided with a telematics system, which makes it possible to send and receive data in real time.” — Automotive Data Logger Market Research Report 2023

Segmental Market Size

Currently, the market for data loggers in the automobile industry is experiencing a steady growth. The main reasons for this are the increasing demand for advanced driver assistance systems (ADAS) and the need for real-time data analysis to optimize vehicle efficiency. Also, new regulations, such as the European Union’s General Safety Regulation, which requires data loggers to be installed in new cars, are driving the market.

At present the installation of data loggers in automobiles is at the stage of mass production, and the leading firms are Continental and Bosch in Europe and North America. These loggers are used for diagnostics, monitoring of performance, and compliance with safety regulations. These loggers are especially useful in determining the operating characteristics of electric vehicles, and also in promoting the efficiency of sustainable development. The loggers are a part of the so-called Internet of Things. The Internet of Things, as well as machine learning, are contributing to the development of the market.

Future Outlook

A new report by the International Data Group has shown that the market for automobile data loggers will rise from $ 4.28 billion in 2024 to $ 6.9 billion in 2032, at a CAGR of 6.15%. This growth will be influenced by the increased demand for advanced vehicle diagnostics, the increased need for security and the integration of the Internet of Things in automobiles. Moreover, as vehicles become more connected, the need for reliable data loggers to monitor vehicle performance, compliance and driving behavior will drive penetration of the market, with a penetration rate of over 60% in new vehicle models by 2032.

The report says: “The key driving force behind the market is the development of more advanced sensors and data-analytics tools. As electric and driverless vehicles come on stream, they will need to be constantly monitored and their performance constantly optimized.” “The focus of regulatory authorities on vehicle safety and emissions standards is also expected to create a favorable environment for the adoption of telematics solutions.” “Meanwhile, a shift toward preventive maintenance and an increased focus on sustainable development will shape the market landscape. This will create an incentive for suppliers to develop new products to meet the changing needs of consumers and regulators.”