Global Digital Vehicle Forensics Market Size By Component (Hardware, Software, and Services), By Application (Key Fobs, Dash Cameras, ECUs), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Digital Vehicle Forensics Market Size And Forecast

Digital Vehicle Forensics Market size was valued at USD 220.54 Million in 2021 and is projected to reach USD 847.21 Million by 2030, growing at a CAGR of 17.20% from 2022 to 2030.

The market is primarily driven due to the rising traffic accidents worldwide. In addition, there has been increasing use of artificial intelligence in law enforcement in developing countries like Japan which is also expected to drive the market. The Global Digital Vehicle Forensics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Digital Vehicle Forensics Market Definition

Digital vehicle forensics? Think of it as being a digital detective for cars. It's a branch of digital forensics focused on uncovering digital clues—the data stored within a vehicle's networks, modules, and even the messages zipping between its systems. The whole point of digital vehicle forensics is to gather evidence that can help in criminal cases, figure out what really caused an accident, or even just get to the bottom of a problem. We're talking about recovering data and piecing together a timeline of events to give the court the clearest possible picture of what happened. First things first, we need to understand where the evidence is even coming from. That means knowing the car's maker (OEM), the model, the brand, how it's built (architecture), the software it runs, and what it's physically made of. Then, we come up with a plan to figure out the best technologies and tools to pull the data from the car without messing anything up, either the data itself or the car's physical parts. That's super important in vehicle forensics because getting to that data often means taking the vehicle apart, piece by piece.

It is a rapidly evolving field involving acquiring and analyzing digital data from motor vehicle electronics systems. Sources of digital evidence in motor vehicles are advancing every year. They can include Event Data Recorders (EDR), Telematics or Infotainment Systems, Key Fobs, Dash Cams (Front & Rear) with data storage capability, Self-Driving and Autonomous Vehicle ECUs (electronic control units) with data storage capability.

Global Digital Vehicle Forensics Market Overview

So, digital forensics? It's basically like being a detective, but with computers. Think identifying, acquiring, processing, and analyzing all that data living on our phones, laptops, and everything in between. These days, just about every crime leaves some kind of digital footprint, making digital forensics super important for helping law enforcement solve cases. One big thing driving the need for this? Sadly, it's the rise in traffic accidents. The World Health Organization says around 1.3 million people die on the roads each year, and millions more are injured. All that leads to a big demand for understanding what happened and how. Plus, countries like Japan are using more AI in their investigations, which is also pushing the digital forensics market forward.

Moreover, the Growing automobile sector, the evolution of telematics or infotainment systems, the evolution of self-driving and autonomous systems, raising concerns for both privacy and security, and the massive use of IoT devices are other factors that are expected to increase the demand for digital vehicle forensics market. However, high cost associated and lack of expertise and pre-planning in deployment solutions are factors restraining the market growth.

Global Digital Vehicle Forensics MarketSegmentation Analysis

The Global Digital Vehicle Forensics Market is segmented on the basis of Component, Application, and Geography.

Digital Vehicle Forensics Market, By Component

• Hardware• Software• Services

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Based on Component, the market is segmented into Hardware, Software, and Services. Software accounted for the largest market share in 2021 and is projected to grow during the forecast period. Hardware was the second-largest market in 2021. However, Service is projected to grow at the highest CAGR. The dominance is owing to the rising technological advancement and growing adoption of the latest software application by consumers driving the global digital vehicle forensics market during the forecast period. Besides, the software has taken on a significant role in modern automobiles, due to the development of increasingly advanced driver assistance systems. The introduction of automated driving will accelerate this trend thereby boosting the segment growth.

Digital Vehicle Forensics Market, By Application

• Event Data Recorders (EDR)• Telematics\Infotainment Systems• Key Fobs• Dash Cameras• ECUs• Others

By Application, Digital Vehicle Forensics is used in Event Data Recorders (EDR), Telematics\Infotainment Systems, Key Fobs, Dash Cameras, ECUs, and Others. Event Data Recorders (EDR) accounted for the largest market share in 2021 and is projected to grow during the forecast period. Telematics\Infotainment Systems was the second-largest market in 2021. The demand for EDR in vehicles is increasing for understanding crash-related information. Growing car crashes across the globe are driving the demand for EDR. Several studies concluded that over 90% of new vehicles have EDR installed, thereby favoring the segment growth. In addition to this, government and regulatory authorities are introducing supportive mandates for recording data to improve onboard safety which in turn, is driving the Event Data Recorders segment during the forecast period.

Digital Vehicle Forensics Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East and Africa

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So, when we look at the Global Digital Vehicle Forensics Market by region, we're talking about North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Right now, North America is the big player, grabbing the largest chunk of the market back in 2021 and expected to keep growing thanks to strong car sales. Plus, all these cool new technologies popping up are really helping things along! But don't count out Europe! They're likely to be number two, mostly because folks are getting serious about investigating road crashes and figuring out what went wrong. And, looking ahead, we can expect Asia Pacific, Latin America, the Middle East & Africa to all see some pretty solid growth in this area, too.

Key Players

The “Global Digital Vehicle Forensics Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Envista Forensics, LogRhythm, Exterro, Inc. (AccessData), AB Forensics, AOS Data, Inc. (AOS Legaltech Inc), Oxygen Forensics, Inc., Black Swan Digital Forensics, Digitpol, ADF Solutions, Digital Detective. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Report Scope

STUDY PERIODDETAILS
STUDY PERIOD

2018-2030

BASE YEAR

2021

FORECAST PERIOD

2022-2030

HISTORICAL PERIOD

2018-2020

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Envista Forensics, LogRhythm, Exterro, Inc. (AccessData), AB Forensics,AOS Data, Inc. (AOS Legaltech Inc), Oxygen Forensics, Inc., & Others

SEGMENTS COVERED

Component, Application and Geography.

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