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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 on: 2024-08-14 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

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

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 is a department of digital forensics that involves retrieving digital evidence or data stored in a vehicle’s networks, modules, and messages transmitted across operating systems. The objective of digital vehicle forensics is to equip proof for criminal cases, root cause analysis, and accident investigations. Digital Vehicle Forensics aims to recover data and develop a timetable of incidents to give the court accurate in Componentation about criminal activities or accidents. The foremost step is to understand the source of the evidence. This includes original equipment manufacturer (OEM), model, brand, architecture, software, and physical components. A strategy is later developed to determine which technologies and tools can be utilized to retrieve data from the vehicle and how this could be achieved without ruining the data or physical parts of the vehicle. This is especially essential in Vehicle Forensics because the extraction of these onboard data requires the physical disassembly of the vehicle.

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

Digital forensics is a branch of forensic science focusing on identifying, acquiring, processing, analyzing, and reporting data stored electronically. Electronic evidence is an element of almost all criminal activities, and digital forensics support is crucial for law enforcement investigations. The market is primarily driven due to the rising traffic accidents worldwide. According to the World Health Organization, the lives of around 1.3 million people are cut short due to road traffic crashes yearly. About 20 and 50 million more people suffer non-fatal injuries, with numerous of them incurring a disability due to their injury. Road traffic injuries cause huge economic losses to individuals, their families, and nations. Hence, there is a rising demand for the market. 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.

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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On the basis of regional analysis, the Global Digital Vehicle Forensics Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America accounted for the most considerable market share in 2021 and is projected to grow during the forecast period. Growth in the market is driven due to growing automotive sales. The emergence of newer technologies is also driving the market.On the other hand, Europe is expected to hold the second-largest market share due to the growing concerns with road crashes, and related investigations to understand the condition leading to crashes are gaining huge importance. Further, Asia Pacific, Latin America, Middle East & Africa are expected to increase steadily in the market.

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.

CUSTOMIZATION SCOPE

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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 from 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

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