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Global Automotive Data Logger Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 1/12/2023
  • NO OF PAGES
  • 242
  • CATEGORY
  • Automotive & Transportation

Market Overview:

The global automotive data logger market size was valued at USD 3.6 Billion in 2021 and is projected to grow at a CAGR of 7.4% during the forecast period. Automotive data logger is an electronic device used to record and store data related to a vehicle's performance and operation. It is mainly used by automotive manufacturers and suppliers to evaluate the performance and reliability of their products. Automotive data loggers can record a wide range of data, such as speed, acceleration, temperature, pressure, and GPS location, among others. The recorded data can be used for various purposes, including quality control, product development, testing, and compliance with regulations.

Covid-19 Impact:

The COVID-19 pandemic has had a mixed impact on the global automotive data logger market. On one hand, the pandemic has led to a decline in vehicle production and sales, which has affected the demand for automotive data loggers. On the other hand, the pandemic has also led to an increase in demand for contactless and remote testing and data collection, which has driven the adoption of automotive data loggers.

During the initial stages of the pandemic, several automotive manufacturers and suppliers faced production shutdowns and supply chain disruptions, which led to a decline in demand for automotive data loggers. The closure of automotive production plants and the suspension of vehicle testing and validation activities led to a decrease in the demand for data logging services.

However, the pandemic has also accelerated the adoption of contactless and remote testing and data collection methods. Automotive data loggers are being increasingly used to collect data remotely, thereby reducing the need for physical presence during testing and validation activities. This trend is expected to continue even after the pandemic, as it offers several advantages, including cost savings and increased efficiency.

Moreover, the growing demand for electric and autonomous vehicles is expected to drive the demand for automotive data loggers in the long term. As these vehicles have complex systems and require advanced testing and validation methods, the need for data loggers is expected to increase.

In conclusion, the COVID-19 pandemic has had a mixed impact on the global automotive data logger market. While the pandemic initially led to a decline in demand, the increasing adoption of contactless and remote testing methods and the growing demand for electric and autonomous vehicles are expected to drive the growth of the market in the long term.

Market Dynamics:

Drivers:

Increasing demand for electric and autonomous vehicles: The growing demand for electric and autonomous vehicles is one of the primary drivers of the global automotive data logger market. These vehicles have complex systems and require advanced testing and validation methods, which has led to an increase in the demand for data loggers.

Stringent regulations and standards: The automotive industry is subject to several regulations and standards related to safety, emissions, and fuel efficiency. Data loggers are used to collect data related to these parameters, and compliance with regulations is a key driver of the market.

Growing focus on vehicle safety and performance: The increasing focus on vehicle safety and performance has led to a growing demand for data loggers. These devices are used to collect data related to vehicle speed, acceleration, braking, and other parameters, which is critical for ensuring vehicle safety and performance.

Advancements in technology: The development of advanced technologies, such as cloud computing, big data analytics, and the Internet of Things (IoT), has enabled the collection and analysis of large amounts of data. This has led to the development of advanced data logging systems, which is expected to drive the growth of the market.

Growing demand for aftermarket services: The increasing demand for aftermarket services, such as vehicle diagnostics and maintenance, is expected to drive the growth of the global automotive data logger market. These services require the collection of data related to vehicle performance, which is done using data loggers.

Restraints:

High cost: Automotive data loggers can be expensive, which may hinder their adoption in price-sensitive markets. The high cost of these devices can also limit their adoption among small and medium-sized enterprises.

Data privacy and security concerns: The collection and use of data using automotive data loggers raise concerns related to data privacy and security. The data collected can contain sensitive information related to vehicle performance, driver behavior, and other parameters. Therefore, data privacy and security concerns could restrain the growth of the market.

Limited availability of skilled professionals: The use of data loggers requires skilled professionals who can analyze and interpret the data collected. The limited availability of skilled professionals could restrain the adoption of these devices, especially in emerging markets.

Regional Analysis:

North America: North America is expected to hold a significant share of the global automotive data logger market due to the presence of several major automotive manufacturers in the region. The region is also home to several leading data logger manufacturers, which is expected to drive the growth of the market.

Europe: Europe is expected to be another significant market for automotive data loggers due to the presence of several major automotive manufacturers in the region. The European Union's stringent regulations related to emissions and safety are expected to drive the adoption of data loggers in the region.

Asia Pacific: The Asia Pacific region is expected to witness significant growth in the automotive data logger market due to the increasing demand for electric and autonomous vehicles in the region. The region is also home to several emerging economies, which are expected to drive the growth of the market.

Middle East and Africa: The Middle East and Africa region are expected to witness moderate growth in the automotive data logger market due to the increasing adoption of advanced technologies in the region's automotive industry.

Latin America: Latin America is expected to witness significant growth in the automotive data logger market due to the increasing demand for advanced safety and performance testing methods in the region's automotive industry.

Market Segmentation:

Type: The market can be segmented based on the type, which includes CAN bus, LIN bus, FlexRay, and others.

Connection type: The market can be segmented based on the connection type, which includes USB, Bluetooth, Wi-Fi, and others.

Channels: The market can be segmented based on the channel, which includes offline and online sales.

Application: The market can be segmented based on the application, which includes vehicle dynamics, emission testing, and others.

End-user: The market can be segmented based on the end-user, which includes OEMs and aftermarket.

Region: The market can be segmented based on regions such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape:

The global automotive data logger market is highly competitive and fragmented, with several leading players operating in the market. Some of the key players in the market include National Instruments, Continental AG, Robert Bosch GmbH, Delphi Technologies, Racelogic, TTTech Computertechnik AG, Intrepid Control Systems, Inc., Harman International Industries, Inc., DEWETRON GmbH, and Danlaw Technologies India Ltd.

These players are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their product offerings and increase their market share. For instance, in 2020, Racelogic launched a new data logger product, VBOX Touch, which is designed to offer users an easy and intuitive way to monitor and record vehicle data.

Furthermore, the growing demand for advanced technologies in the automotive industry is leading to the emergence of several new players in the market. These players are focusing on developing innovative products and technologies to cater to the growing demand in the market.

Overall, the global automotive data logger market is expected to witness significant competition among the players due to the increasing adoption of advanced technologies in the automotive industry.


Global Automotive Data Logger Market: Regional Analysis
The countries covered in the regional analysis of the Global Automotive Data Logger market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Automotive Data Logger market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Automotive Data Logger would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Automotive Data Logger Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Automotive Data Logger Revenue
1.4 Market Analysis by Type
1.4.1 Global Automotive Data Logger Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 SD Card
1.4.3 USB
1.4.4 Wireless
1.5 Market by Application
1.5.1 Global Automotive Data Logger Market Share by Application: 2023-2032
1.5.2 OBD
1.5.3 ADAS & Safety
1.5.4 Fleet Management
1.5.5 Automotive Insurance
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Automotive Data Logger Market
1.8.1 Global Automotive Data Logger Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Automotive Data Logger Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Automotive Data Logger Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Automotive Data Logger Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Automotive Data Logger Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Automotive Data Logger Sales Volume Market Share by Region (2017-2022)
3.2 Global Automotive Data Logger Sales Revenue Market Share by Region (2017-2022)
3.3 North America Automotive Data Logger Sales Volume
3.3.1 North America Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.3.2 North America Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Automotive Data Logger Sales Volume
3.4.1 East Asia Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Automotive Data Logger Sales Volume (2017-2022)
3.5.1 Europe Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Automotive Data Logger Sales Volume (2017-2022)
3.6.1 South Asia Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Automotive Data Logger Sales Volume (2017-2022)
3.7.1 Southeast Asia Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Automotive Data Logger Sales Volume (2017-2022)
3.8.1 Middle East Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Automotive Data Logger Sales Volume (2017-2022)
3.9.1 Africa Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Automotive Data Logger Sales Volume (2017-2022)
3.10.1 Oceania Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Automotive Data Logger Sales Volume (2017-2022)
3.11.1 South America Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.11.2 South America Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Automotive Data Logger Sales Volume (2017-2022)
3.12.1 Rest of the World Automotive Data Logger Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Automotive Data Logger Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Automotive Data Logger Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Automotive Data Logger Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Automotive Data Logger Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Automotive Data Logger Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Automotive Data Logger Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Automotive Data Logger Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Automotive Data Logger Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Automotive Data Logger Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Automotive Data Logger Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Automotive Data Logger Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Automotive Data Logger Sales Volume Market Share by Type (2017-2022)
14.2 Global Automotive Data Logger Sales Revenue Market Share by Type (2017-2022)
14.3 Global Automotive Data Logger Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Automotive Data Logger Consumption Volume by Application (2017-2022)
15.2 Global Automotive Data Logger Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Automotive Data Logger Business
16.1 Robert Bosch
16.1.1 Robert Bosch Company Profile
16.1.2 Robert Bosch Automotive Data Logger Product Specification
16.1.3 Robert Bosch Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Delphi
16.2.1 Delphi Company Profile
16.2.2 Delphi Automotive Data Logger Product Specification
16.2.3 Delphi Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Vector Informatik
16.3.1 Vector Informatik Company Profile
16.3.2 Vector Informatik Automotive Data Logger Product Specification
16.3.3 Vector Informatik Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Continental
16.4.1 Continental Company Profile
16.4.2 Continental Automotive Data Logger Product Specification
16.4.3 Continental Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 Harman International Industries
16.5.1 Harman International Industries Company Profile
16.5.2 Harman International Industries Automotive Data Logger Product Specification
16.5.3 Harman International Industries Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Racelogic
16.6.1 Racelogic Company Profile
16.6.2 Racelogic Automotive Data Logger Product Specification
16.6.3 Racelogic Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 National Instruments
16.7.1 National Instruments Company Profile
16.7.2 National Instruments Automotive Data Logger Product Specification
16.7.3 National Instruments Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 TTTech Computertechnik
16.8.1 TTTech Computertechnik Company Profile
16.8.2 TTTech Computertechnik Automotive Data Logger Product Specification
16.8.3 TTTech Computertechnik Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Xilinx
16.9.1 Xilinx Company Profile
16.9.2 Xilinx Automotive Data Logger Product Specification
16.9.3 Xilinx Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 Intrepid Control Systems
16.10.1 Intrepid Control Systems Company Profile
16.10.2 Intrepid Control Systems Automotive Data Logger Product Specification
16.10.3 Intrepid Control Systems Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.11 Dewesoft D.O.O.
16.11.1 Dewesoft D.O.O. Company Profile
16.11.2 Dewesoft D.O.O. Automotive Data Logger Product Specification
16.11.3 Dewesoft D.O.O. Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.12 HEM Data
16.12.1 HEM Data Company Profile
16.12.2 HEM Data Automotive Data Logger Product Specification
16.12.3 HEM Data Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.13 Danlaw Technologies
16.13.1 Danlaw Technologies Company Profile
16.13.2 Danlaw Technologies Automotive Data Logger Product Specification
16.13.3 Danlaw Technologies Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.14 MEN Micro
16.14.1 MEN Micro Company Profile
16.14.2 MEN Micro Automotive Data Logger Product Specification
16.14.3 MEN Micro Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.15 Ipetronik
16.15.1 Ipetronik Company Profile
16.15.2 Ipetronik Automotive Data Logger Product Specification
16.15.3 Ipetronik Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.16 Madgetech
16.16.1 Madgetech Company Profile
16.16.2 Madgetech Automotive Data Logger Product Specification
16.16.3 Madgetech Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.17 Influx Technology
16.17.1 Influx Technology Company Profile
16.17.2 Influx Technology Automotive Data Logger Product Specification
16.17.3 Influx Technology Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.18 NSM Solutions
16.18.1 NSM Solutions Company Profile
16.18.2 NSM Solutions Automotive Data Logger Product Specification
16.18.3 NSM Solutions Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.19 myCarma
16.19.1 myCarma Company Profile
16.19.2 myCarma Automotive Data Logger Product Specification
16.19.3 myCarma Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.20 Transtron
16.20.1 Transtron Company Profile
16.20.2 Transtron Automotive Data Logger Product Specification
16.20.3 Transtron Automotive Data Logger Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Automotive Data Logger Manufacturing Cost Analysis
17.1 Automotive Data Logger Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Automotive Data Logger
17.4 Automotive Data Logger Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Automotive Data Logger Distributors List
18.3 Automotive Data Logger Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Automotive Data Logger (2023-2032)
20.2 Global Forecasted Revenue of Automotive Data Logger (2023-2032)
20.3 Global Forecasted Price of Automotive Data Logger (2017-2032)
20.4 Global Forecasted Production of Automotive Data Logger by Region (2023-2032)
20.4.1 North America Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.3 Europe Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.7 Africa Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.9 South America Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Automotive Data Logger Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Automotive Data Logger by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Automotive Data Logger by Country
21.2 East Asia Market Forecasted Consumption of Automotive Data Logger by Country
21.3 Europe Market Forecasted Consumption of Automotive Data Logger by Countriy
21.4 South Asia Forecasted Consumption of Automotive Data Logger by Country
21.5 Southeast Asia Forecasted Consumption of Automotive Data Logger by Country
21.6 Middle East Forecasted Consumption of Automotive Data Logger by Country
21.7 Africa Forecasted Consumption of Automotive Data Logger by Country
21.8 Oceania Forecasted Consumption of Automotive Data Logger by Country
21.9 South America Forecasted Consumption of Automotive Data Logger by Country
21.10 Rest of the world Forecasted Consumption of Automotive Data Logger by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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