The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Automotive Data Logger Global Market Report 2024, the automotive data logger market is expected to show significant growth in the forecast period.

The automotive data logger market has witnessed significant growth in recent years and is poised for even more expansion in the coming years. This article delves into the current trends, key drivers, and future projections for this rapidly evolving market.

Recent Market Growth

• Market Size: The automotive data logger market grew from $3.43 billion in 2023 to $3.70 billion in 2024, at a compound annual growth rate (CAGR) of 7.8%.
• Key Drivers:
  • Rise in luxury vehicle sales.
  • Increasing demand for automated devices.
  • Growing need for autonomous vehicle testing.
  • Demand for vehicle health monitoring.
  • Expanding automotive aftermarket industry.
  • Emphasis on fleet management.

Future Market Projections

• Market Size: Expected to reach $5.06 billion by 2028, with a CAGR of 8.2%.
• Growth Drivers:
  • Increasing vehicle connectivity.
  • Focus on sustainability and environmental monitoring.
  • Enhanced data privacy and security measures.
  • Emphasis on cybersecurity.
  • Increased vehicle production.

View More On The Automotive Data Logger Market Report 2024 – https://www.thebusinessresearchcompany.com/report/automotive-data-logger-global-market-report

Major Trends Shaping the Future

• Technological Advancements: Innovations in automotive technology and sensor technology.
• Vehicle Performance Optimization: Focus on optimizing vehicle performance.
• Development in Autonomous Driving: Progress in autonomous driving technologies and advanced driver assistance systems (ADAS).
• Mobility-as-a-Service (MaaS): Growth of MaaS models.
• Multi-Sensor Fusion Solutions: Advancements in data collection and multi-sensor fusion solutions.

Electric Vehicle Adoption Accelerating Market Growth

• Growing EV Market: The rise in electric vehicle (EV) adoption is a significant growth driver.
• Data Logger Role: Essential for collecting and recording data from various sensors in EVs, providing insights into performance, safety, and efficiency.
• Market Data:
  • In 2022, electric car sales surpassed 10 million.
  • Sales of EVs rose from 4% in 2020 to 14% in 2022, according to the International Energy Agency (IEA).

Key Players in the Market

• Major Companies:
  • Samsung Electronics Co. Ltd.
  • Robert Bosch GmbH
  • Continental AG
  • Aptiv Plc
  • Infineon Technologies AG
  • Harman International Industries Inc.
  • Keysight Technologies, among others.

Innovative Products Driving the Market

• TRX D8 2.0: A cutting-edge automotive data logging solution by Klas, launched in June 2023.
  • Features:
    • PCIe and network-based logging.
    • 200 GB data capacity, 240 TB storage, 200 GB disk write speeds.
    • Adaptable logging, rugged design, high-performance processing, hot-swappable storage.
  • Impact: Accelerates the path towards Level 5 autonomy with its robust capabilities.

Strategic Acquisitions Enhancing Market Presence

• Bosch and MoTeC Group:
  • In June 2022, Bosch acquired MoTeC Group, strengthening its motorsport presence.
  • Benefits:
    • Complements Bosch’s product portfolio with advanced vehicle and engine control units, data loggers, and more.
    • Enhances offerings for both combustion and electric motorsport vehicles.

Market Segmentation

• By Component: Hardware, Software.
• By Channels: Controller Area Network (CAN and CAN FD), Local Interconnect Network (LIN), Ethernet, Other Channels.
• By Connection Type: Universal Serial Bus (USB), Secure Digital Card, Bluetooth or Wi-Fi, Cellular Modem.
• By Sales Channel: Aftermarket, Original Equipment Manufacturer (OEMs).
• By Application: On-Board Diagnostics, ADAS and Safety, Fleet Management, Automotive Insurance.

Regional Insights

• Current Market Leader: North America.
• Fastest Growing Region: Asia-Pacific is expected to lead in growth during the forecast period.

The automotive data logger market is on an upward trajectory, driven by technological advancements, increased EV adoption, and strategic industry moves. With continued innovation and expanding applications, this market is set to play a crucial role in the future of the automotive industry.

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The Automotive Data Logger Global Market Report 2024  provides an in-depth analysis on the automotive data logger market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the automotive data logger market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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