Digital Tachograph System Market Size, Share & Industry Analysis, By Product Type (Integrated, Portable), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
A digital tachograph is a device that is used to record the speed, distance, driving time, vehicle's registration number, tampering, fraud attempts, and activities of the driver and is situated in the driver's area cabin. This device is fitted in the vehicle by the manufacturer or an authorized workshop. The digital tachograph is an advance version of the traditional analog tachograph system. The data collected by this device is stored in the storage device such as the SD card or vehicle's unit memory. The device was first introduced in Europe and was brought into service from 1st May 2006 as a replacement for the traditional analog tachograph. The digital tachograph is an important vehicle device for road safety as well as drivers and passengers' safety.
Moreover, the advancement in the technologies, improvement in computing, and the cost efficiency are compelling to upgrade the traditional tachographs with digital tachographs devices. The digital tachographs are also used to avoid road accidents and bring enhancement in safety management. Some OEMs provide solutions for batteries and integrated circuits.
Owing to the adoption of advanced technologies by the automotive manufacturers, increased road safety concern and increased sales and production of vehicles across the globe is driving the growth of the digital tachograph market. On the contrary, the high maintenance cost of this device may hamper the growth of the market.
Key Market Driver -
adoption of advanced technology by the OEMs, increased road safety are driving the growth of the market.
Key Market Restraint -
High maintenance cost and lack of safety of the data may hamper the growth of the digital tachograph market in the forecast period.
Market Segmentation:
Globally, the digital tachograph system market is segmented by vehicle type, by market type, and by geographic coverage. By product type, the market is further segmented into integrated and portable digital tachographs. The integrated tachographs are widely used across the globe as most of the automotive manufacturers are adopting the integrated digital tachographs in their vehicle models. The portable digital tachographs are also showing a steady growth owing to the increasing safety concerns and consumers' preferences to fit advanced digital tachograph devices in their existing vehicles. By vehicle type, the market is further divided into commercial vehicles and passenger cars. The commercial vehicle market holds the largest market share of digital tachograph devices. The increasing production of commercial vehicles, rise in transportation services, growing safety concerns of drivers as well as road safety.
Key Players Covered in the Automotive Fuel Cell Stack Market:
The major companies in the global digital tachograph system market include Siemens, Veridos, Continental Automotive, Stoneridge Electronics, Gemalto, Teletrac Navman, Novadata, Transics, Descartes Systems, and ASELSAN, among others.
Key Insights
- New Advancements in digital tachograph system
- Number of Products, Key Countries, 2018
- New Product Launches, Key Players
Regional Analysis:
Geographically, the digital tachograph system market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe holds the largest market share of digital tachographs and is projected to dominate in the forecast period owing to the early adoption of advanced technology, rapid implementation of these devices in vehicles by various OEMs in this region. Also, Europe is the first to introduce digital tachograph devices in their country. North America is also showing a substantial growth in this market owing to the growing safety concerns and development in automotive technologies. The Asia Pacific is projected to grow in the digital tachograph market at a faster pace owing to the high production and sales of vehicles in this country. Many companies in this region are investing heavily in research to develop latest technological components for vehicles
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Segmentation
ATTRIBUTE | DETAILS |
By Product Type |
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By Vehicle Type |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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