Automotive Data Recorder Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2025
Automotive Data Recorder Market by End Market (OEM, Service Stations, and Regulators), Application, Aftermarket Application, Channels, Connection Type, and Region (Asia-Pacific, Europe, North America, and RoW) – Forecast world until 2025
the automotive data recorder market is expected to grow at a CAGR of 7.0% during the forecast period, from USD 3.1 billion in 2020 to USD 4.4 billion by 2025. The major growth drivers of this market are higher penetration high level of advanced electronic components in the architecture of modern vehicles and their tests carried out before the commercialization of the vehicle.
Driver: growing demand for ADAS features:
ADAS technologies continuously monitor a vehicle’s environment and driving habits to detect potential problems at an early stage. This technology improves the driving experience while enhancing vehicle and pedestrian safety. It becomes an integral part of modern automobiles and is adopted in passenger cars as well as commercial vehicles. ADAS can be grouped into three broad categories: those that assist the driver, those that warn the driver, and those that help the driver perform certain basic driving functions. Growing demand for safe, efficient and convenient driving, increasing disposable income in emerging economies, and increasing stringency of safety regulations across the world play a key role in the high demand for ADAS. Thus, ADAS testing becomes an integral part of vehicle safety testing standards.
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Opportunity: monetize vehicle data
With the increase in the number of connected and autonomous cars in the world, the data generated by the vehicles is enormous. The industry that is expected to be born as a result of sharing this data with third-party companies is expected to be around $750 billion. This clearly indicates the enormous power and potential that this data possesses. This data is very valuable for businesses such as car insurance, fleet management, repair and maintenance shops, city planners and various retailers. However, not all of this data is necessarily very useful. Therefore, it is important for OEMs to understand how to sort valuable information from the rest. With this in mind, Delphi acquired
Control-Tec, as well as invested in an Israeli startup named Otonomo, to create a connected car marketplace that can sell data collected by any OEM to users of that data. Control-Tec is a developer of data acquisition systems that analyze large amounts of data and transfer the most relevant information to the cloud; while Otonomo anonymizes this data and prepares it for OEMs to sell to commercial buyers, thereby acting as a data broker. Otonomo already collaborates with ten major OEMs including Daimler and 75 third-party customers. Such initiatives by suppliers should significantly help OEMs create new revenue streams by utilizing the massive amount of data collected from their wide range of vehicle models via automotive data loggers.
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The ADAS and security segment is expected to be the largest market in the aftermarket application segment. This is primarily because autonomous vehicles are taking center stage in today’s automotive industry, for which advanced ADAS features such as Adaptive Cruise Control (ACC) and Automatic Emergency Braking ( AEB) are very important. With advances in ADAS functionality, data loggers supporting ADAS applications will also increase at a rapid rate.
By component, the software automotive data recorder market is expected to show the highest growth rate during the forecast period. Growing number of manufacturing plants and R&D applications in countries such as India, China, and Japan has driven growth in Asia-Pacific data logging software market.
By channel, Ethernet is estimated to be the fastest growing market for automotive data recorders. Ethernet data loggers have many advantages, such as built-in intelligence to negotiate with the network for seamless integration, high-speed operation, LAN connectivity, wireless capability, and direct data download. The advantages of Ethernet over other channel types would drive the automotive data recorder market for Ethernet segment.
Main market players
The global automotive data recorder market is dominated by major players such as Aptiv (Ireland), National instruments (US), Racelogic (UK), Vector Infomatik (Germany) and Continental (Germany). These companies offer a wide variety of data logger systems. performing all major functions and applications for various applications. The main strategies adopted by these companies to maintain their position in the market are new product development, expansions, mergers and acquisitions, and partnerships and collaboration.
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